Panama Papers: Oil officials offshore accounts exposed
Top officials from some of the biggest oil producing countries in the world have been exposed for holding offshore accounts in the Panama Papers.
Megan Darby, of Climate Home, trawled through the massive leak to find the energy figures involved.
Oil officials from Saudi Arabia, Qatar, UAE, Nigeria, Angola and the Republic of Congo are named in the leaked.
This includes: Saudi Arabia King Salman who used companies in the British Virgin Islands to pay for luxury London homes and a yacht; Angola petroleum minister Jose Maria Botelho de Vasconcelos, and a former Qatari prime minister.
The wife of EU climate and energy commissioner Miguel Arias Canete is also named in the leak.
EU Observer reports that Micaela Domecq Solis-Beaumont was able to approve financial transactions of Panama-based firm Rinconada Investments Group, which was created in 2005.
Climate change puts trillions at risk, and could kill you too
Global warming will slow economic growth and damage the international economy, putting trillions of dollars in non-bank financial assets at risk – according to a new study.
Researchers led by a team at the London School of Economics warned that rising temperatures and the accompanying extreme weather events could wipe out trillions from the global economy.
Professor Simon Dietz, an environmental economist who led the research, told Reuters: “It makes financial sense to a risk-neutral investor to cut emissions, and even more so to the risk-averse.”
The news is not the only bleak climate study out this morning.
Researchers in the US have warned that climate change could have severe health impacts, and can be expected to increase the number of premature deaths in the country.
Heat waves, droughts and other extreme weather is expected to increase mental health problems like anxiety and depression, while poor air quality caused by increased forest fires and pollution threatens asthma sufferers.
Diseases spread by insects like mosquitoes and ticks are also expected to increase, according to the research. The study did not examine the link between the Zika virus and climate change, which some scientists have blamed on global warming.
Responding to the study, which was peer reviewed by eight separate government agencies Surgeon General Vivek Murthy said: “I don’t know that we’ve seen something like this before, where we have a force that has such a multitude of effects. There’s not one single source that we can target with climate change, there are multiple paths that we have to
In other news
Steel Crisis: Sajid Javid heads to India for Tata talks
US solar giant SunEdison is in big trouble. In the US, Bloomberg have a story which states that the company faces fresh lawsuits from two creditors, with the people bringing the case warning that the firm is “on the verge of bankruptcy”.
Separately, Reuters report that Adani are considering buying some of the heavily indebted US solar company’s assets in India.