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Construction of the temporary pier began at sea last week and the images show crew from several military vessels building the platform. Deputy Pentagon Press Secretary Sabrina Singh said Monday the pier will cost the US about $320 million. The temporary pier is intended to help deliver humanitarian aid to Gaza. Instead, the Israel Defense Forces will partner with the US military to anchor the causeway to the shore in Gaza “on day one,” the military official said. A working-level Israeli delegation of intelligence agencies and military officials is expected to travel to Cairo on Tuesday, the Israeli source and another Israeli official said.
Persons: Sabrina Singh, Joe Biden, Antony Blinken, Israel Organizations: CNN, United States Central Command, Planet Labs, Pentagon, Gaza . U.S . Central Command, U.S . Central Command, Israel Defense Forces, British Navy, Royal Navy, Food Programme, USAID, United Nations, PBC CNN, Integrated Locations: Gaza, Gaza . U.S, , Cardigan, Cyprus, British, Gaza’s Rafah, Rafah, Egypt, Israel, Cairo
The United Arab Emirates has now partnered with an aid agency to send crucial assistance to Gaza via the Israeli port of Ashdod. A UAE official told CNN Saturday that the vessel laden with critical food aid left on Saturday through a relationship with American Near East Refugee Aid (ANERA). Itayam told CNN the 400 tons of aid would undergo Israeli security clearance upon arrival. The plan is for most of the food aid to be delivered to northern Gaza, but Itayam said that depending on the security situation, ANERA might consider sending a shipment to the south as well. The United States has already begun construction of the pier, intended to help deliver humanitarian aid to Gaza, the Pentagon said on Thursday.
Persons: Jerusalem CNN —, Jennifer, , Itayam, Kerem Shalom, ANERA, Grant Shapps, , ” Matthew Hollingworth Organizations: Jerusalem CNN, United Arab, UAE, CNN, American, East Refugee, West Bank, Mohenad, ANERA, of, Britain’s Royal Navy, United, Pentagon, Royal Navy, , British, Food, Integrated Locations: Jerusalem, Gaza, Cyprus, Israel, United Arab Emirates, Ashdod ., Larnaca Port, Israel’s Ashdod, Kerem, Territories, UAE, Cardigan, United States,
CNN —The top US humanitarian official said Wednesday it is “credible” to assess that famine is already occurring in parts of Gaza as the war between Israel and Hamas continues. Although US officials have been sounding the alarm about the imminent risk of famine in the war-torn strip, USAID Administrator Samantha Power is the first official to publicly agree with an assessment that famine is already taking place. The assessment is likely to fuel further calls for the administration to put restrictions on its military aid to Israel. Power noted that “in northern Gaza, the rate of malnutrition, prior to October 7, was almost zero. And it is now one in three, one in three kids.”“Food has not flowed in sufficient quantities to avoid this imminent famine in the south and these conditions that are giving rise already to child deaths in the north,” she said.
Persons: Samantha Power, , Joe Biden, Israel, Antony Blinken, Power, , Joaquin Castro Organizations: CNN, USAID, Foreign, Biden, Integrated, IPC, Democratic Rep, Gaza Locations: Gaza, Israel, States,
WCK and Anera, another aid group, have said they will pause operations in Gaza following the incident. Israel maintains there is no limit on the amount of food or humanitarian aid that can enter Gaza, but aid agencies accuse it of deliberately restricting deliveries. Shortly afterwards, American Near East Refugee Aid (Anera), an NGO that delivers aid to the West Bank, the Gaza Strip, Lebanon and Jordan, also suspended its Gaza operations. Along with Turkey, the UAE is the biggest donor of aid to Gaza, according to COGAT, providing 25% of all aid from foreign nations. The fate of the extra aid WCK had planned for Gaza is also uncertain.
Persons: , ” WCK, Jose Andres, Israel, Benjamin Netanyahu, , Juliette Touma, Ismael Abu Dayyah, WCK, Touma, Ghassan, ” Abu, Sittah, CNN’s Eleni Giokos, Anera, Barak Ravid, Nikos Christodoulides, Jamie McGoldrick Organizations: CNN, United Arab Emirates, Integrated, UN’s, Works Agency for Palestine Refugees, Israel, UN, WCK, Reuters, Wednesday, UNRWA, Israel’s, CARE, ICRC, United Nations, Israel Defense Forces, East Refugee, West Bank, Touma, UN agency’s Locations: Gaza, Cyprus, Israel, UAE, , East, Gaza’s, Deir al Balah, Cypriot, Larnaca, Territories, Egypt, Jordan, British, Palestinian, Gazan, Deir, American, Lebanon, Axois, Turkey, The Gulf, UNRWA, Palestinian Territory
CNN —Israeli military forces have withdrawn from Gaza’s largest hospital, Al-Shifa, after a 14-day siege that witnesses and Gazan authorities say left the medical facility largely destroyed. “There are bodies buried in the hospital yards.”Images from the area showed widespread destruction with charred and pockmarked buildings inside the complex. More than 30 wounded people were transported from Al-Shifa to the Al-Ahli Baptist Hospital east of Gaza City, Bassal said. Last week, residents of the area around Al-Shifa told CNN there was heavy firing in the vicinity. Second raidThis raid was the second of its kind at the hospital, with the IDF first raiding Al-Shifa in November.
Persons: , Mahmoud Bassal, , Shifa, Bassal, ” Hamada Abdelhadi, Khader, Wafa, Za’anoun, , Jake Sullivan, Tedros Adhanom Organizations: CNN, Civil Defense, Al, Ahli Baptist Hospital, Israel Defense Forces, Health, IDF, Hamas, Getty, National, World Health Organization, WHO, Integrated Locations: Al, Ahli, Gaza City, Gaza, Israel, , AFP, Israel’s, United States, , UN
Mousa Salem/Anadolu Agency/Getty Images Palestinians transport bags of flour on the back of trucks as humanitarian aid arrives in Gaza City on March 6. Omar Qattaa/Anadolu Agency/Getty Images Palestinians wait to receive food at a refugee camp in Rafah on January 27. Omar Qattaa/Anadolu Agency/Getty Images Humanitarian aid packages are dropped from the air by Jordanian army planes in Gaza City on March 1. Abed Zagout/Anadolu Agency/Getty Images A funeral prayer is performed for Yazan al-Kafarneh, the 10-year-old Palestinian child who died of malnutrition, on March 4. Dawoud Abo Alkas/Anadolu Agency/Getty Images Children suffering from malnutrition receive treatment at a health-care center in Rafah on March 5.
Persons: Israel, Antonio Guterres, , Cindy McCain, it’s, Josep Borrell, Israel “, Trucks, ” Borrell, Loay, Fadi, Kamal Adwan, Omar Qattaa, Saher, Ahmed Qannan, Mohammed Salem, Said Khatib, Dawoud Abo, Jehad, crouches, Abed Zagout, Yazan, Rabie Abu Noqaira, Mohammed Abed, Alexi J . Rosenfeld, Yasser Qudih, Fatima Shbair, Benjamin Netanyahu, ” Netanyahu, Stringer, Khan Younis, , Netanyahu, Joe Biden, Jake Sullivan, Biden, Sullivan Organizations: CNN, Integrated, IPC, United Nations, Ministry of Health, Food, UN, Washington Post, Kamal, Anadolu Agency, Getty, AFP, Reuters, US Air Force, UPI, Dawoud Abo Alkas, Aid, , Gaza, National Locations: Gaza, UN, , Israel, Rafah, Mousa Salem, Gaza City, AFP, Jordanian, Territories, Deir, Egypt, United States
(Reuters) - One in three children under age 2 in northern Gaza is now acutely malnourished and famine is looming, the main U.N. agency operating in the Palestinian enclave said on Saturday. "Children's malnutrition is spreading fast and reaching unprecedented levels in Gaza," the U.N. Hospitals in Gaza have reported some children dying of malnutrition and dehydration. Israel says it puts no limit on humanitarian aid for civilians in Gaza and blames slow aid delivery on incapacity or inefficiency among U.N. agencies. Israel has accused UNRWA of complicity with Hamas, saying some staff members took part in the Oct. 7 attack and calling for the agency to be dismantled.
Persons: Israel, Janez Lenarcic, Angus McDowall, Jason Neely Organizations: Reuters, Works Agency for Palestine Refugees, IPC, Air, UNRWA, Union Locations: Gaza, Israel, Cyprus
CNN —Paris Mayor Anne Hidalgo said on Wednesday that she is against Russian athletes participating in the Paris 2024 Olympic Games and attending the Opening Ceremony scheduled for July 26. The International Paralympic Committee (IPC) said earlier this month that Russian and Belarusian Paralympic athletes will not take part in their Opening Ceremony on August 28. Loic Venance/AFP/Getty ImagesAccording to Russian state news agency TASS, Russian sports minister Oleg Matytsin told reporters on Wednesday that Russia should not boycott the 2024 Olympic Games in Paris. “Now, the question of competing at the Olympic Games is on everyone’s lips, my position is this: we should not turn away, close ourselves or boycott this movement,” Matytsin said. The Paralympic Games begin on August 28 and end on September 8.
Persons: CNN — Paris Mayor Anne Hidalgo, , ” Hidalgo, Vladimir, Putin, , , Hidalgo, Israel, Loic Venance, Oleg Matytsin, ” Matytsin, Matytsin Organizations: CNN — Paris Mayor, Russian, Games, Reuters, Ukraine, Olympic Committee, Paris, IOC, International Paralympic Committee, Belarusian Paralympic, Paralympic, International Olympic Committee, Tokyo, Olympic Locations: Paris, Russian, Europe, Belarusian, Gaza, , AFP, Russia, Belarus
She passed away.”As Israel’s severe restrictions on aid entering the Gaza Strip drain essential supplies, displaced Palestinians told CNN they are struggling to feed their children. CNNFood shortages are reportedly the worst in northern Gaza, where Israel concentrated its military offensive in the early days of the war. Dr. Muhammad Salha, acting director of Al-Awda Hospital, in northern Gaza, told CNN medical workers are treating cases of dehydration, gastroenteritis, and hepatitis among women and children. The US military said it had, alongside the Royal Jordanian Air Force, parachuted more than 36,800 meals into northern Gaza that day. He told CNN that he injured his foot while trying to buy flour along Al-Rashid Street.
Persons: CNN — Anwar Abdul Nabi, Kamal Adwan, tenderly, Mila, Nabi, Ashraf Al, Hussam Abu Safiya, Israel, , , Ikhlas Shehadeh, ” Anwar Abdul Nabi, Richard Peeperkorn, Dr, Muhammad Salha, ’ wombs, Mohammed Salem, Ahmad Salem, Kosay Al Nemer, Melanie Ward, Riyad Mansour, Faraj Abu Naji, Rashid Organizations: CNN, Kamal, Health, Hamas, Ministry of Health, Integrated Food Security, UNICEF State, United Nations Population Fund, World Health Organization, WHO, Al, Awda, Reuters, Humanitarian Affairs, Kamal Adwan Hospital, United Arab, Emirati Ministry of Defense, Royal Jordanian Air Force, Medical Aid, Israel Defense Forces, United Nations Locations: Gaza, Israel, Palestine, Rafah, United Arab Emirates, Egypt, Gaza City, , Kuwait, Rasheed, Palestinian, Al
“They are weak now, they always have diarrhea, their faces are yellow,” El Jamara, whose family was displaced from northern Gaza, told CNN on January 9. “Unfortunately, many relatives and friends are still in the northern Gaza Strip, suffering a lot,” Hamouda, a father-of-three, told CNN. The first 1,000 days of a child’s life are “absolutely critical” for physical growth and cognitive development, Inglis told CNN. “It is not enough to meet my family’s needs at all,” the student, who is sheltering in a tent in Rafah, told CNN. “We simply don’t have enough, and we cannot keep up with the overwhelming needs of people on the ground,” she told CNN.
Persons: CNN — Hanadi Gamal Saed El Jamara, El Jamara, Arif Husain, Martin Griffiths, , , El, Mohammed Hamouda, Odeh Al, Haw, Hamouda, Yahya Hassouna, Israel, ” Hamouda, Jabalya, Gihan, Baz, ” El Baz, Hoor, Hazem Saeed Al, Mohammed Hamouda Hamouda, Abu Youssef Al, Rebecca Inglis, Inglis, Shadi Bleha, Khan Younis, OCHA, Mohammed Hamouda Juliette Touma, Naizi Organizations: CNN, Food Programme, Integrated Food Security, UN, of Health, , Getty, United Nations Relief, Works Agency for Palestine Refugees, UNRWA, Najjar Hospital, UNICEF, World Health Organization, United Nations Population Fund, WFP, OCHA, World, Al Locations: Rafah, Gaza, Israel, Egypt, , Gaza City, AFP, East, Britain, Al, Territories, Deir al, Balah
CNN —Israel’s war in Gaza has brought famine with “such incredible speed,” the United Nations’ emergency relief chief told CNN on Monday, as he warned that hundreds of thousands of Palestinians are starving in the besieged enclave. Griffiths told CNN Monday that work to provide humanitarian aid to 300,000 Gazans who remain in the north of the strip continues to be a challenge. “People in Gaza risk dying of hunger just miles from trucks filled with food,” said WFP head Cindy McCain. People wait for food relief in the southern Gaza Strip city of Rafah, on December 31, 2023. But the agencies echoed relief chief Griffiths’ warning that humanitarian aid alone cannot reverse the worsening hunger among Gaza’s population.
Persons: CNN —, , ” Martin Griffiths, CNN’s Christiane Amanpour, “ It’s, , Israel, Griffiths, Rizek Abdeljawad, Monday, Cindy McCain, Salwa, ” Tibi, Shadi Bleha, Catherine Russell, ” Russell, Phillipe Lazzarini Organizations: CNN, United Nations, UN, Humanitarian Affairs, Emergency, UN Office, Palestinian, Getty, of Health, Food Programme, UN Children’s Fund, UNICEF, World Health Organization, , Food Security, IPC, Palestine Refugee Agency Locations: Gaza, Rafah, Xinhua, Israel, Palestine
An oil pump of IPC Petroleum France is seen during sunset outside Soudron, near Reims, France, February 6, 2023. OPEC+ is set to consider whether to make additional oil supply cuts when the group meets later this month, three OPEC+ sources have told Reuters after prices dropped by some 16% since late September. Oil has slid to around $82 a barrel for Brent crude from a 2023 high in September of near $98. Concern about demand and a possible surplus next year has pressured prices, despite support from the OPEC+ cuts and conflict in the Middle East. The cuts include 3.66 million bpd by OPEC+ and additional voluntary cuts by Saudi Arabia and Russia.
Persons: Pascal, Toril Bosoni, Brent, Nerijus Adomaitis, Terje Solsvik, Gwladys Organizations: IPC Petroleum France, REUTERS, Rights, International Energy, Reuters, Oil, OPEC, Brent, Thomson Locations: Soudron, Reims, France, Rights OSLO, OPEC, Oslo, East, Saudi Arabia, Russia
The IEA joins the Organization of the Petroleum Exporting Countries in raising its oil demand growth forecast for 2023. Demand in 2023 has been supported by resilient U.S. deliveries and record September demand from China, the IEA said. SLOWDOWN IN VIEWFor 2024, the IEA raised its oil demand growth forecast to 930,000 bpd from 880,000 bpd. OPEC and the IEA have clashed in recent years over issues such as the long-term oil demand outlook and the need for investment in new supplies. The IEA said the 2024 demand slowdown will arise as "the last phase of the pandemic economic rebound dissipates and as advancing energy efficiency gains, expanding electric vehicle fleets and structural factors reassert themselves."
Persons: Pascal, Brent, Natalie Grover, Alex Lawler, David Goodman, Jason Neely, David Evans Organizations: IPC Petroleum France, REUTERS, International Energy Agency, OPEC, IEA, Organization of, Petroleum, Thomson Locations: Soudron, Reims, France, Paris, Saudi Arabia, Russia, China, Libya, OPEC, Saudi, London
"At the IPC General Assembly in Bahrain, IPC members voted 74-65 (13 abstentions) against a motion to fully suspend NPC (National Paralympic Committee) Russia for breaches of its constitutional membership obligations," the IPC said. The decision comes two weeks before the International Olympic Committee session in Mumbai where it will also discuss Russia's and Belarus' participation at the Paris Olympics next year. The IPC had last year suspended the paralympic committees of both countries and banned their athletes from competing following the Russian invasion of Ukraine in 2022. The IOC has not sanctioned the Russian or Belarus Olympic Committee or Russian members of the IOC. In March, however, it issued a first set of recommendations for international sports federations to allow Russian and Belarusian athletes to return.
Persons: Benoit Tessier, Karolos Grohmann, Andrew Cawthorne Organizations: Ephemere, Rights, International Paralympic, IPC, Assembly, National Paralympic Committee, International Olympic, Russia's, Paris Olympics, IOC, Belarus Olympic, Thomson Locations: Paris, France, Russia, Bahrain, Mumbai, Belarus, Ukraine, Belarusian
CNN —Russian para-athletes will be permitted to compete under a neutral flag at next year’s Paris 2024 Games after the International Paralympic Committee (IPC) voted against a full suspension of Russia’s National Paralympic Committee (NPC) on Friday. “IPC members voted 90-56 in favour of a motion to partially suspend NPC Russia (with six members abstaining),” the IPC said in a statement. A full suspension would have meant no Russian para-athletes could compete at the Paris Games. NPC Russia is also not allowed to organise any sport event/competition involving other IPC members,” the statement added. CNN reached out to the Ukrainian and Russian Paralympic Committees for comment on the decision but did not immediately receive a response.
Persons: Organizations: CNN, International Paralympic Committee, IPC, Russia’s National Paralympic Committee, Assembly, Russia, Paralympic, Paris Games, , Russian Paralympic, Russian NPC, Russian Locations: Russian, Paris, IPC’s, Bahrain, Russia, Beijing, Belarusian, Mumbai
The largest U.S. oil producer projects the world will reach 25 billion metric tons of energy related carbon dioxide (CO2) emissions in 2050, according to its energy outlook published on Monday. That is more than twice of the 11 billion metric tons the United Nations Intergovernmental Panel on Climate Change (IPCC) say would be needed on average in its Lower 2°C scenarios. Only two of the 55 technologies needed to reach net-zero emissions by 2050 are “on track,” Exxon said citing the IEA. Overall, Exxon projects energy-related CO2 emissions will peak at more than 34 billion metric tons sometime this decade as economies and energy demand grow, and then decline to 25 billion metric tons in 2050. It expects wind and solar to provide 11% of the world’s energy supply in 2050, five times today’s contribution.
Persons: Pascal Rossignol, Exxon, Sabrina Valle, Josie Kao Organizations: IPC Petroleum France, REUTERS, Companies Exxon, HOUSTON, Exxon Mobil Corp, United Nations, Exxon, International Energy Agency, Thomson Locations: Soudron, Reims, France, U.S
"The ambition is to sell each and every ticket, 2.8 million, and then this will make Paris the number one in terms of ticket sales. London 2012 was 2.7 million," Parsons told Reuters in an interview exactly one year before the Games begin. "We want these Games to sell out even before the opening ceremony. So what we want is that we sell every ticket before the start of the Games," he said. "There will also be a higher quality of athletes," Parsons said.
Persons: Andrew Parsons, Parsons, Roland Garros, Karolos Grohmann, Ed Osmond Organizations: International Paralympic, London, Reuters, Games, Eiffel, IPC, International Olympic, Paris, IOC, Thomson Locations: London, Paris, Tokyo, Beijing, Russian, Belarusian, Ukraine, Belarus, Russia, Bahrain
REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummary poll dataReuters poll graphic on global stock market outlookBENGALURU, Aug 23 (Reuters) - Global stock markets are heading for a correction in coming months, though overall they should post marginal gains between now and the end of 2023, according to a majority of analysts polled by Reuters. A bad year for stocks in 2022 carried into this year as global central banks battled inflation with interest rate rises that are now largely drawing to an end. A 71% majority of analysts, 55 of 77, who answered an additional question in the Aug. 9-23 poll said a correction by year-end in their local equity market was either likely or very likely. A "fear of missing out" is said to have helped drive much of the equity market rallies of recent years. The year-end forecast in February's Reuters poll was 4,200.
Persons: Brendan McDermid, Jerome Powell, Marko Kolanovic, Morgan, Terry Sandven, Europe's, Hari Kishan, Indradip Ghosh, Ross Finley, John Stonestreet Organizations: New York Stock Exchange, REUTERS, Reuters, Treasury, NIKKEI, February's Reuters, U.S, Bank Wealth Management, Japan's Nikkei, IPC, Thomson Locations: New York City, U.S, BENGALURU, Jackson, February's, Bengaluru, Buenos Aires, London, Mexico City, Milan, New York, San Francisco, Sao Paulo, Tokyo, Toronto
Khartoum’s morgues have reached “breaking point,” international aid group Save The Children said Tuesday. Bodies in the morgues are also decomposing as prolonged power outages have left them without refrigeration, the group said. Most of the hospitals in the capital and other states are out of service, Save the Children added. Residents of Omdurman, north of Khartoum, told CNN that fighting had intensified on Tuesday, saying they heard heavy artillery and bombardment overnight. The fighting has left Khartoum in ruins.
Persons: morgues, Abdallah Attiya, , Bashir Kamal Eldin Hamid, Abdel Fattah al, Burhan, Mohamed Hamdan Dagalo, Omar al, Bashir, RSF, Organizations: CNN, Sudanese Armed Forces, SAF, Rapid Support Forces, Humanitarian Affairs, Federal Ministry of Health, UNICEF, UN, Sudanese Doctors Syndicate, Al, Health, Nutrition, Sudanese, International Organization for Migration, Integrated Food Locations: Sudan, Khartoum, Al Arabiya, morgues, Omdurman, , United States, Saudi Arabia, Jeddah
The Mexican stock market is in rare form this year. The S & P/BM IPC index, the country's stock market benchmark, is up more than 9% in 2023. Given this backdrop, Goldman Sachs highlighted telecom giant Grupo Televisa as a stock that can outperform going forward. The stock has lagged the broader Mexican market, with U.S.-listed shares rising just 7% year to date. The company's U.S.-listed shares are up about 20% in 2023.
Persons: Goldman Sachs, Goldman, Vitor Tomita, Tomita, — CNBC's Michael Bloom Organizations: U.S, The, Federal Reserve, Grupo Televisa, Televisa, Univision Locations: Mexico, The U.S, U.S, American, financials, 2H22
Abuja, Nigeria CNN —A Nigerian senator, his wife and a doctor were on Friday jailed in the UK over an organ harvesting plot, Britain’s Crown Prosecution Service (CPS) said in a statement. Senator Ike Ekweremadu, his wife Beatrice and Dr. Obinna Obeta were sentenced at the UK’s Old Bailey court to nine years and eight months, four years and six months, and 10 years in prison respectively. Some of the country’s political class wrote to the UK court appealing for leniency ahead of his sentencing, including Nigeria’s former President Olusegun Obasanjo. Ekweremadu served as speaker of the ECOWAS parliament between 2011 and 2015. But the calls for clemency failed to hold sway over the UK court and some in Nigeria questioned why high profile politicians were using their influence to advocate for a convicted criminal.
Abuja, Nigeria CNN —Nigerian MP Ike Ekweremadu will be sentenced in the UK Friday after being found guilty of an organ harvesting plot, but fellow lawmakers in his country have joined growing calls for leniency in his case. Many of the country’s political class have written to the UK courts appealing for leniency during his sentencing, including Nigeria’s former President Olusegun Obasanjo. … The conviction has already been done but we are seeking clemency because this is the first time our colleague is getting involved in this kind of thing,” Lawan said. Ekweremadu served as speaker of the ECOWAS parliament between 2011 and 2015. But the calls for clemency are unlikely to hold any sway over the UK court and some in Nigeria have raised eyebrows that high profile politicians are using their influence to advocate for a convicted criminal.
CNN —Social media is awash with memes and GIFs and, at times, ‘edginess,’ but it can be a difficult balancing act as the official Paralympics TikTok account is discovering. The account is run by the International Paralympic Committee (IPC), the organization which organizes and manages the Paralympic Games. In the comments, the official Paralympic account replied: “This is Brad Snyder. Mixed reactionsAs a result, the videos posted on the official account have received a mixed reaction, with commentators on many of them left disbelieving that the content published there is permitted. “Looking through that whole account, I might have seen one or two [videos] where the athlete actually does something successfully.
One country is coming up again and again as the clear investor favorite this year, and there are ways for traders to play it, according to Bank of America. The Wall Street firm said Mexico is "the market's darling," with the Indice de Precios y Cotizaciones (IPC) climbing 12% this year. "On top of that, Mexico is perceived as a country that will continue to benefit from nearshoring," he said. Regardless, for investors tapping into the surge in markets, there are several ways to play the rise. For example, the iShares MSCI Mexico ETF (EWW) is up by 20% this year, far outpacing the roughly 4% climb for the broader iShares MSCI Emerging Markets ETF (EEM) over the same time period.
[1/2] The processing facility at an oil sands operations near Fort McMurray, Alberta, September 17, 2014. The company joins Canada's biggest oil producers in urging policymakers to boost public funding for the costly technology that is seen as key to cutting emissions from the carbon-intensive oil sands. Until then, the company will pay Canada's carbon tax, set to rise to C$170 a tonne by 2030, Nicholson said. Canada's oil sands produced a record 3.15 million bpd in 2022 and are forecast to hit 3.7 million bpd by 2030, according to S&P Global. "The oil sands are long-life, low-decline assets," said Wood Mackenzie analyst Scott Norlin.
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