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TOPIC: gazprom

Green

A Breakdown Of Why The Fossil Fuel Industry Owes Trillions In Climate Reparations

The largest companies in the fossil fuel sector are responsible for financial costs valued at $209 billion annually from 2025 to 2050, according to a new study published in the scientific journal One Earth.

MADRID — We know the names of the companies responsible for environmental damage. We know what they spend and what they earn each year from fossil fuels. We even know how much other companies and banks invest in those very companies. What has not been quantified, until now, is what each of these companies must pay for future damages caused by their history of greenhouse gas emissions.

Saudi Aramco, ExxonMobil, Shell, BP: in total, the world's 21 largest fossil companies will be responsible for an estimated $5.4 trillion (almost €5 trillion) in economic damage due to climate change over the next 25 years, from 2025 to 2050. That's an average of some $209 billion every year, according to a paper by Marco Grasso, a professor of Political Geography at the University of Milan-Bicocca, and Richard Heede, Director of the Climate Accountability Institute (CAI), published in the scientific journal One Earth.

The researchers calculated the companies' obligations by analyzing their individual history of emissions collected in the Carbon Majors database between 1988, the year the IPCC was created, and 2022 — a period responsible for approximately half of global warming experienced so far.

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Why Gazprom Is Still Russia's Single Greatest Weapon

Russian state-owned energy company Gazprom has lost access to the European market and is rife with inefficiencies. Still, it isn't going anywhere soon. The engine of Russia's vast resources are fed into Vladimir Putin's system for maintaining power.

-Analysis-

In February, Russian state-owned energy giant Gazprom officially celebrated its 30th anniversary, which makes it a bit older than modern Russia itself. It was originally the brainchild in 1989 of the Soviet Minister of the Gas Industry Viktor Chernomyrdin, bound to absorb 50 enterprises and 16% of the world’s gas reserves. In Feb. 1993, it was simply transformed into a joint-stock company.

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How Crimea Was Carved Up And Sold At Auction To Putin's Oligarch Pals

After the annexation of Crimea, the peninsula's prized resources were identified and distributed among Russian oligarchs with connections to the Russian President, handing out everything from wine vineyards to hockey clubs to steelworks.

After Russia's annexation of Crimea in 2014, Russia didn't just add land and people to its population. It also paved the way for oligarchs to dismantle the peninsula's state and private enterprises.

Russian independent news Vazhnyye Istorii (Important Stories) has conducted an in-depth investigation into the identities of Vladimir Putin’s friends who now own virtually the entire peninsula.

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Nationalization began in Crimea immediately after the annexation. Ukrainian state property became Russian, or rather Crimean, according to a resolution entitled “On the issues of managing the property of the Republic of Crimea.”

The list of what was taken over was long, and it is still growing. It includes thousands of businesses, apartments and land plots. The actual owners received no compensation, and any attempts to file lawsuits in Russia were in vain.

"In Crimea, the courts did not accept a single document on the right of ownership from people,” says Crimean lawyer Zhan Zapruta. “The law was placed in a compromised position, and they [the Russians] did with it what they wanted.”

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Newborn Killed In Russian “Terror” Strike On Ukrainian Maternity Ward

Ukrainian President Volodymyr Zelensky condemned Russia's strike Wednesday on a maternity ward in southern Ukraine that killed a baby born two days ago. The newborn’s mother and a doctor were pulled from the rubble of the hospital in Vilnyansk, located in the Zaporizhzhia region.

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The morning strike was part of what appears to be another day of nationwide air attacks, with sirens and explosions heard around the country early Wednesday afternoon.

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Geopolitics
Philip Volkmann-Schluck

Bulgaria And Hungary: Risks Of A Pro-Russian Alliance Inside The EU

Bulgaria had sworn off Russian gas imports, but then its government collapsed. Now pro-Russian politicians are in power, which for the European Union means there is much more at stake than just energy supply.

The letter Z, a symbol of support for Putin’s war in Ukraine, has appeared on Bulgarian government buildings in Sofia. Last week, demonstrators fixed a Z in black tape to the entrance of the Ministry of Energy’s headquarters.

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They were protesting their government’s announcement that it would reopen negotiations with Russia about importing gas – although Bulgaria had declared public support for Kyiv and subsequently stopped all Russian imports. “Putin’s gas is a trap,” one of the placards reads.

These scenes have been growing more common in the Bulgarian capital since the reformist government led by Prime Minister Kiril Petkov was ousted last month in a no-confidence vote. Petkov had pledged to tackle corruption and taken a strong stance against Russia's invasion. But his coalition government fell after just seven months in office when an ally quit.

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In The News
Anna Akage, Anne-Sophie Goninet, and Emma Albright

EU’s One-Two Punch At Russia — Sanctions Extended To 2023, Gas Imports Cut 15%

The European Union has renewed its sanctions against Russia until the end of January 2023, while also taking a major step to try to reduce dependency on Russian energy exports.

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The EU energy ministers were in Brussels today for a special Energy Council, and were tasked with renewing a wide range of sanctions for another six months that include restrictions on finance, energy, technology, transport and luxury goods. First introduced in 2014 in response to Russia’s annexation of Crimea, the tariffs were widely expanded after Moscow’s invasion of Ukraine in late February.

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In The News
Irene Caselli, Shaun Lavelle, Anna Akage and Emma Albright

Russians Try To Repeat Mariupol Playbook In Severodonetsk

Russians are besieging Severodonetsk, the eastern Ukrainian city, and urging troops there to surrender as they offer a shaky evacuation corridor for civilians. The siege and symbolism recalls the siege of Mariupol, which didn't end well for Ukrainians.

In a two-sided move that eerily recalls the tragic events in the southern port city of Mariupol, Russia has urged Ukrainian troops to surrender in Severodonetsk, the eastern Ukrainian city where fighting is raging, while at the same time pledging to spend the day evacuating civilians.

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Severodonetsk, in Luhansk region, has assumed a symbolic weight in the war as Russia focused on trying to win over control of Donbas and Ukrainian President Volodymyr Zelensky repeating that it is a “decisive” battleground. Russian troops have encircled the city over the past few weeks, trying to take it back from Ukrainian forces that had taken control in 2014 from pro-Russian separatists.

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In The News
Lila Paulou, Lisa Berdet, Anne-Sophie Goninet and Bertrand Hauger

Europe Gas Crisis, India Heat Wave, First Black Woman On ISS

👋 こんにちは*

Welcome to Thursday, where Europe braces for a gas crisis as Russia starts halting supplies, India is hit by a record heat wave, and Jessica Watkins makes space history. Meanwhile, Spanish independent magazine La Marea meets with Ukrainians who keep their anti-war stance to themselves, for fear of being called a traitor.

[*Konnichiwa - Japanese]

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Economy
Oleksandr Decyk

Ruble Or Nothing: How Russia Is Trying To Blackmail The West Again

In an attempt to shore up its failing economy, Russia is trying to blackmail the West and asking to be paid in rubles for its natural gas. However, such a move is unlikely to help Moscow in the long-term. And the important question still remains of how the EU will manage without Russian gas.

-Analysis-

KYIV — Russia announced earlier this week that it was working on practical arrangements for natural gas to be paid in rubles, as a response to the West’s sanctions over the war in Ukraine. Europe has so far refused to resort to the Russian currency to purchase gas — and this payment stand-off with Russia has prompted European fears and warnings over possible gas supply disruption.

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Putin’s reasoning? It makes no sense to deliver goods to the E.U. and the U.S. and receive payments in dollars and euros, the Russian president said, adding that he was determined to solve the issue by the end of March.

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Geopolitics
Michael Sheitelman

How Sanctions Can Hit Even Harder: Guidance From A Russian In Kyiv

Europe’s addiction to Russian energy paid for the assault against Ukraine. And in spite of crippling sanctions, it is inadvertently continuing to fund the war by not cutting two major Russian banks from SWIFT.

In Kyiv, currently enduring constant airstrikes, there are not only those who cannot leave but also those who decided to stay. One of them, a hostage of circumstances who decided to remain to witness the events of the defense of Kyiv, is the Russian-Israeli writer and political consultant Michael Sheitelman. Since the beginning of the war, the St. Petersburg native has been recounting how the Ukrainian capital and the entire political and Ukrainian and world community live in light of this war.

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KYIV — While they are destroying cities one by one, we can look at the Russian business people, CEOs and Vladimir Putin allies who have been placed under sanctions — or we can do more useful things with our time.

People ask me: Will people in Russia take to the streets if there is absolutely nothing to eat? I answer that the sanctions and the withdrawal of foreign companies from the market are not intended to reeducate the Russian people.

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Germany
Robin Alexander

Nord Stream 2: Merkel's Farewell Gift To Putin Is A Slap To Biden

Germany and the U.S. have agreed on a compromise to complete the gas pipeline — or rather, the Americans have submitted to Angela Merkel, who in turn had a farewell gift for Russia.

BERLIN — Angela Merkel's chancellorship comes to an end with a farewell present. Not for her, but from her: a gift for Vladimir Putin. The Russian President is the beneficiary of the compromise that Merkel has made with U.S President Joe Biden on Nord Stream 2 — the proposed Baltic Sea pipeline that will deliver Russian natural gas to Germany and the EU, bypassing countries like Poland and Ukraine.

American politicians across party lines have regularly criticized the pipeline as a devious Russian influence project that would entrench Europe's energy dependence, provide billions of dollars to the Kremlin, and make Ukraine more vulnerable to Russian aggression.

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Geopolitics
Anna Akage

Russia, Pakistan, Afghanistan: Perils Of A Diplomatic Triangle

Russia's foreign minister visited Pakistan for the first time in nine years — just in time for the deadline for U.S. troops to leave Afghanistan. It points to an important change of actors in one of the deadliest conflict zones in the world.

On April 6, Russian foreign minister Sergey Lavrov arrived in Pakistan to lead conversations on Afghan peace, military supplies and cooperation in the nuclear sector. It was the first visit by a Russian official to the country since 2012.

"We can confirm that Russia is willing to continue to assist in strengthening the anti-terrorist potential of Pakistan, including supplying them with appropriate equipment," Lavrov said at a press conference, as Russian daily Kommersant reports. According to Lavrov, Russia and Pakistan will continue practicing regular joint tactical exercises to combat terrorism and piracy together.

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