December 8 Energy News
World:
¶ Sudan’s ecosystems and natural resources are deteriorating. Temperatures are rising, water supplies are scarce, soil fertility is low and severe droughts are common. Experts say that without quick intervention, parts of the African country – one of the world’s most vulnerable – could become uninhabitable as a result of climate change. [CNN]
Dust storm approaching Khartoum
¶ The Kremlin has announced that commodities trader Glencore and Qatar’s sovereign wealth fund are together buying a 19.5% stake in Rosneft, Russia’s largest oil company, at a price is $11.3 billion. The Russian government is selling state assets to help balance the budget amid a two-year recession partly caused low oil prices. [BBC]
¶ The European Union will start to phase out coal subsidies and reduce its energy usage by 30% before 2030 pursuant to the terms of a major clean energy package announced in November. It…
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