FG PLANS BAIL OUT FOR LOCAL OIL FIRMS

The Federal Government has begun moves to save indigenous oil firms from imminent bankruptcy triggered by oil price rout rocking the industry, with a bail out.

Prices of oil at the global markets have crashed by about 50 per cent since June last year and weakened the currencies of oil exporting countries such as Nigeria, which depends on crude exports for 80 per cent of her revenue.

Read more @ New Telegraph

TOTAL HARPS ON EFFORTS TO FIGHT CLIMATE CHANGE

Total is consolidating its efforts to address climate change by supporting three international initiatives backed by the Global Compact, the World Bank and the Climate and Clean Air Coalition (CCAC).

Since 2008, Total has factored a long-term carbon price of €25 per ton into its investment decisions and backed the gradual introduction of policies that incorporate climate considerations into markets without distorting competition.

Read more @ Nigerian Tribune