The G7 have agreed not to fund any overseas fossil fuel projects by the end of this year at a meeting in Berlin, Germany in which they also doubled down on their commitments to a faster energy transition in light of Russia’s invasion of Ukraine.
Zurich firm cites bleak outlook of global inverter segment as it moves to offload liability-ridden unit to Italian group FIMER, in return for hefty compensation.
A US judge has approved fines and ordered BP to pay compensation for a long list of charges relating to the Deepwater Horizon oil spill of six years ago, amounting to US$18 billion.
