UN receives official notice of US withdrawal from Paris climate agreement

10/08/2017 11:37 Legislation


The US has sent an official notice stating its intention to retreat from the Paris climate change agreement. UN Secretary-General António Guterres got the notification regarding US’ exit from the pact, unless more profitable conditions could be suggested. 

A country that has entered the Paris agreement has the right to withdraw from it three years after the date on which the deal enters into force in that country. 

The US entered the deal on 3rd September 2016, and it has entered into force on the 4th of November 2016.

A spokesman for the UN said the Secretary-General accepts any US effort to re-engage in the Paris Agreement, and that it is crucial that the US remain a leading figure in climate and sustainable development.

Dubai, Shanghai Electric and ACWA Power cut a solar power deal worth $3.9 billion

18/09/2017 10:24:00

Shanghai Electric and Saudi Arabia’s ACWA Power will construct and manage a 700-megawatt solar power plant under a $3.9 billion contract awarded by Dubai’s state energy utility.


Premier Oil: A stake in North Sea gas field for sale

15/09/2017 16:51:00

The Premier Oil company intends to find a buyer for a half of its stake in the Babbage gas field, in the North Sea, pursuing the idea of reducing the debts accumulated at the time when the crisis hit the oil market.


Scottish scientists obtained hydrogen from tidal energy for the first time

15/09/2017 14:01:00

A Scottish research and demonstration centre declared being the first in producing the hydrogen gas from the tidal energy.