BR100 Increased By (1.77%)
BR30 Increased By (1.96%)
KSE100 Increased By (1.59%)
KSE30 Increased By (1.65%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)

Pope Francis asked Saturday that major oil and gas companies respect the 2015 Paris climate agreement to help protect the poor from global warming.
The Paris Agreement was adopted in December 2015 by 196 nations resolving to limit warming to no more than two degrees centigrade.
In a meeting with industry executives at the Vatican, the Pope said it was "disturbing" that two-and-a-half years after the deal was struck, carbon dioxide emissions and greenhouse gas levels "remain very high".
"Yet even more worrying is the continued search for new fossil fuel reserves, whereas the Paris Agreement clearly urged keeping most fossil fuels underground," Francis told the Energy Transition and Care for Our Common Home conference.
"Civilisation requires energy, but energy use must not destroy civilisation!"
The pope met officials from major oil and gas firms such as ExxonMobil, BP, Royal Dutch Shell and Norway's state oil company Equinor. He has long considered climate change one of the key themes of his papacy. In 2015, his second encyclical was dedicated to the issue, describing it as "one of the principal challenges facing humanity in our day".
Francis implored the industry to halt prospection as climate change will have a disproportionate impact on the poor.
"The effects of climate change are not evenly distributed. It is the poor who suffer most from the ravages of global warming, with increasing disruption in the agricultural sector, water insecurity, and exposure to severe weather events," he said.
"Many of those who can least afford it are already being forced to leave their homes and migrate to other places that may or may not prove welcoming."
However with US president Donald Trump announcing America's exit from the Paris deal, ExxonMobil has announced plans to increase oil production in the US and start dozens of projects around the world.
An estimated one billion people have no access to electricity, and the US Energy Information Administration says energy demand is set to rise 28 percent between 2015 and 2040.

Copyright Agence France-Presse, 2018

Comments

Comments are closed for this article.