The World’s Mineral Powers Seize Their Moment
Resource-rich countries haven’t always benefited from extraction. Can this time be different?
A whirlwind package of deals this weekend ‘may be the single most important day in the history of COPs,’ as one observer put it.
"You can debate whether that’s going to hit those really low levels in two weeks or three weeks. Once you get to that point, then you’ll see price shoot up.”
Ships departing from LNG export hubs in western Russia have taken the long-haul route to Asia via the Cape of Good Hope – adding up to two weeks to the journey – since a purported attack by unmanned Ukrainian boats on the Russia-linked Arctic Metagaz vessel on 3 March. Over the past
Strategic petroleum reserves are declining rapidly as countries release emergency crude supplies to cushion the economic impact of the Middle East conflict.
The UNFCCC process is marred by gridlock in the COP multilateral framework, threatening joint efforts by countries to mitigate the climate crisis.
On March 20, Governor Kathy Hochul proposed significant changes to New York’s Climate Leadership and Community Protection Act (CLCPA), the landmark climate law passed in 2019.