Trends - fossil fuels - Business Recorder

fossil fuels

Invest in renewable energy

The recent upsurge in circular debt (CD) accumulation coincided with the signing of “take-or-pay” contracts for...

Published 03 Jun, 2024 06:30am

Pakistan

Dar will represent Pakistan in Nuclear Energy Summit

ISLAMABAD: Foreign Minister Ishaq Dar will represent Pakistan in the Nuclear Energy Summit in Brussels from 21-22...

Published 20 Mar, 2024 03:00am

Opinion

‘Transitioning away’ from fossil fuels

COP28 has ended with a compromise solution. There was one side, led by the developed countries, and climate ...

Updated 19 Dec, 2023 05:43am

BR Research

COP28 and fossil fuels

UN Climate Summit, COP28 is over with some significant decisions along with some loopholes. The conference started...

Published 15 Dec, 2023 09:27am

Business & Finance

France’s Credit Agricole to stop financing new fossil fuel projects

PARIS: Credit Agricole, France’s second-largest listed bank, said on Thursday it would stop financing any new fossil...

Published 14 Dec, 2023 12:28pm

World

Climate summit adopts world-first ‘transition’ from fossil fuels

DUBAI: Nearly 200 nations meeting in Dubai on Wednesday approved a first-ever call for the world to transition away...

Published 14 Dec, 2023 05:24am

World

Russia warns against ‘chaotic’ fossil fuels exit

MOSCOW: Russia on Wednesday warned against a “chaotic” exit from fossil fuels, while welcoming the “compromise” deal...

Published 13 Dec, 2023 10:06pm

World

Nations strike deal at COP28 to transition away from fossil fuels

DUBAI: Representatives from nearly 200 countries agreed at the COP28 climate summit on Wednesday to begin reducing...

Updated 13 Dec, 2023 03:08pm

World

Arab officials attack bids to phase out fossil fuels

DOHA: Arab officials on Tuesday hit out at attempts to secure a phase-out of fossil fuels at COP28 as they met for a...

Published 13 Dec, 2023 05:33am

World

UN chief urges COP28 to phase out fossil fuels

DUBAI: UN Secretary-General Antonio Guterres on Monday urged an agreement at COP28 to phase out fossil fuels,...

Published 11 Dec, 2023 01:33pm

World

China sees COP28 progress on fossil fuels

DUBAI: China said Saturday it saw progress at COP28 climate talks in a dispute over the future of fossil fuels, as...

Published 09 Dec, 2023 07:13pm

Markets

OPEC chief urges members to reject any COP28 deal that targets fossil fuels

DUBAI: OPEC Secretary General Haitham Al Ghais has urged OPEC+ members to reject proposals for any text under...

Published 09 Dec, 2023 05:46am

World

COP28 must mark ‘beginning of the end’ of fossil fuels: EU

DUBAI: The UN’s COP28 talks in Dubai must “mark the beginning of the end” of fossil fuels, the European Union’s...

Published 06 Dec, 2023 05:17pm

World

COP28 fossil fuel battle hardens

DUBAI: Battle lines on fossil fuels hardened at UN climate talks on Tuesday despite scientists warning that global...

Published 06 Dec, 2023 04:27am

World

COP28 draft agreement includes option to do nothing on fossil fuels

DUBAI: The UN released the latest draft of a global climate agreement on Tuesday presenting all options on fossil...

Published 05 Dec, 2023 04:31pm

World

World could breach 1.5C warming threshold in 7 years: study

PARIS: The world may cross the crucial 1.5C global warming threshold in seven years as fossil fuel CO2 emissions...

Published 05 Dec, 2023 04:28pm

Business & Finance

Global CO2 emissions from fossil fuels to hit record high in 2023

DUBAI: Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year,...

Published 05 Dec, 2023 11:41am

World

117 countries agree to triple renewable energy, to push out fossil fuels: COP28

DUBAI: Some 117 governments pledged to triple the world’s renewable energy capacity by 2030 at the U.N.‘s COP28...

Updated 02 Dec, 2023 06:59pm

World

UN chief, COP28 president clash over future of fossil fuels

DUBAI: UN Secretary General Antonio Guterres urged world leaders at the COP28 climate summit to plan for a future...

Published 02 Dec, 2023 05:09am

Climate plans: Over 130 nations agree to include food, agriculture

DUBAI: More than 130 countries agreed to prioritise food and agriculture in their national climate plans at COP28 in...

Updated 02 Dec, 2023 03:51pm

Business & Finance

Banks get carbon emissions standard they sought for stock, bond deals

LONDON: Banks will need to account for a third of the emissions linked to their capital markets deals when they...

Published 02 Dec, 2023 05:09am

World

Fossil fuels in the crosshairs at pivotal COP28 talks

PARIS: World leaders will face a reckoning over humanity’s failure to curb climate-heating emissions and polluting...

Published 23 Nov, 2023 12:12pm

Business & Finance

Solar tubewells: HBL sets the industry benchmark with Rs1bn in financing to boost renewable energy

KARACHI: HBL sets the industry benchmark with Rs 1 billion in financing for solar tubewells. The facility enables...

Published 22 Nov, 2023 05:48am

Business & Finance

China fuels increase in global oil demand: IEA

PARIS: World oil demand will rise slightly more than expected this year as China’s appetite for the fossil fuel ...

Published 15 Nov, 2023 06:09am

World

Climate groups demand COP28 aims for formal energy transition deal

PARIS: Around 100 climate campaign groups warned COP28 organisers Monday that success of critical upcoming talks in...

Published 14 Nov, 2023 05:08am

Markets

UAE’s Jaber urges countries to find common ground on fossil fuels

DUBAI: The United Arab Emirates President of COP28 on Monday urged countries to seek “common ground” to resolve...

Published 30 Oct, 2023 05:38pm

OPEC leaders make case for fossil fuels at Riyadh climate event

RIYADH: OPEC heavyweights said on Sunday oil and gas should not be stigmatised in the climate debate and that the...

Updated 09 Oct, 2023 09:33am

World

California sues oil giants

LOS ANGELES: The US state of California sued five of the world’s largest oil companies on Friday, alleging the...

Published 18 Sep, 2023 06:32am

Opinion

Decoupling of energy and growth in Pakistan

Pakistan’s energy demand has risen by 2.4%, but 25% of the population still lacks electricity. Shortages and...

Updated 14 Sep, 2023 06:42am

World

UN experts challenge Saudi Aramco over climate change

GENEVA: UN experts have written to oil firm Saudi Aramco and its financial backers challenging them on allegations...

Published 27 Aug, 2023 01:44pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 17	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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