Bidding for ‘milestone’ sale of Aramco shares set for next week

State-owned Saudi oil company said it will provide the final offer price on 5 DecemberBidding for shares in the world’s most profitable company will start in a week’s time, it has been announced, as Saudi Aramco fleshed out its plans for a much-delayed…

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Campaigners try again to stop Norway drilling for oil in Arctic

Activists take government back to court, saying plans violate people’s environmental rightsClimate campaigners are taking Norway’s government back to court to oppose its plans to open the Arctic for oil drilling despite a public commitment to tackle th…

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Saudi Aramco IPO: the ultimate marriage between carbon and capitalism

The firm with the biggest carbon footprint seeks funds to grow just as the fight against climate change needs it to shrink•Saudi Aramco gets go ahead for $1.5tn listingRoll up! Roll up! The world’s biggest climate polluter, Saudi Aramco is poised to an…

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Corbyn’s warning about the stinking rich could smell sweet to struggling workers

The UK now has more than 150 billionaires, and that ought to be an admission of failure, according to the opening shots of Labour’s election campaignShould anybody have nine zeroes to their name? In the opening stages of the election campaign, Jeremy C…

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Saudi oil giant Aramco gets go-ahead for $1.5tn stock listing

World’s biggest ever IPO poised to take place next month after regulators give approval Analysis: ultimate marriage of carbon and capitalismSaudi Arabia has given the go-ahead to the long-delayed sale of its giant state-owned oil company, Aramco, in wh…

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Why are we are being herded into buying part of the world’s biggest polluter?

Pension funds will be stuffed with Saudi Aramco shares after the oil giant’s floatation this weekendOn Sunday, the baroque-and-bling Ritz-Carlton in Riyadh (suites a mere £6,500 a night) is expected to host the launch of the biggest privatisation in hi…

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Oil majors must cut output by a third to meet climate target – study

Seven largest companies must make 35% cut by 2040 to limit climate crisis and meet 1.5C goal, says thinktankThe world’s largest oil and gas companies need to slash their production by more than a third by 2040 to meet global climate targets, according …

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Shell profits dented by fall in oil price

Firm reports 15% drop in last quarter to £3.7bn as shrinking global economy hits demandRoyal Dutch Shell has reported a 15% slump in profits for the last quarter at a time of lower oil prices and a weaker global economy.The company made $4.8bn (£3.7bn)…

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Rex Tillerson denies Exxon misled investors over climate crisis

Former chief of ExxonMobil and former secretary of state under Trump appeared in court after oil and gas giant was suedRex Tillerson, the former chief executive of ExxonMobil and former secretary of state in the Trump administration, has denied in cour…

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