Sentences with phrase «of oil funding»

The response by climate sceptics to the myth of oil funding is often to ask jokingly «Where's My Exxon Check?»

Singer's denial of oil funding is only the most recent of his many fabrications.

Speaking to Citi News on the sidelines of a sensitization programme on the use of oil revenue at the Tamale Technical University, Miss Abubakari advised government to limit their expenditure to a few targeted projects in order to ensure better monitoring and utilization of the oil funds.

Paal Bjoernestad, the state secretary at the finance ministry in charge of the oil fund, said infrastructure is unlikely to be considered in next year's proposal.

Not exact matches

Andurand, who runs oil hedge fund Andurand Capital Management LLP, wrote in a string of tweets on Sunday that companies may be less willing to risk investment in long term oil projects because of low crude barrel prices and a predicted peak in electric vehicle demand.

LONDON — Pierre Andurand, a leading oil fund manager, said that lack of investment in new production could lead to a situation where $ 300 per barrel oil is «not impossible» within the next few years, Bloomberg reported.

Environmental Defense Fund president Fred Krupp said the agreement is important because methane is responsible for about a quarter of today's warming, and the U.S. and Canada are the world's second - and fourth - largest emitters of oil and gas methane respectively.

Data from hedge fund analytical tool Kensho that examined patterns coinciding with U.S. military actions in the Middle East dating back to the 1990s show that in the day, week and month after a Mideast strike, oil has underperformed other assets, and the energy sector has been one of the worst in the S&P 500.

An Environmental Defense Fund - commissioned study by consultancy ICF International found that Canada's oil and gas industry could achieve a 45 per cent methane emission reduction at an average cost of $ 2.76 per tonne of carbon dioxide equivalent.

A new survey by the Sustainable Investment and Finance Association (UKSIF) reported that the number of fund managers that expect the value of oil firms to drop in the next few years has doubled.

It is often difficult to calculate the precise proportion of fossil fuel investments in complex funds, but about $ 400bn of the $ 5.2 tn total is likely to be in coal, oil and gas.

The fossil fuel divestment campaign began on university campuses in 2011 but the new report reveals that concerns over investments in coal, oil and gas have now entered the financial mainstream, with more than 80 % of the funds now committed to divest being managed by commercial investment and pension funds.

Susan Hirsch, portfolio manager of the TIAA - CREF Large - Cap Growth fund, prefers to get her exposure to the energy industry via a company that's less sensitive to the ups and downs in oil prices.

Take that funding away and the market settles back into something more closely aligned with the underlying reality — the one of high unemployment / underemployment, high oil prices, stagnant middle - and lower - class incomes, unprecedented wealth concentration in the upper class, demolished savers, under - investment in capital, and an ongoing transition to a low - wage service economy hard - pressed to service debt.

Tumbling oil prices spell bad news, both for overall growth and the financial position of the government, which is reliant on tax revenues from its energy industry to fund the budget.

For the oil - trading community, the fall of hedge fund manager Andy Hall signaled a heavy blow, but while commodity funds continue to shutter their doors, some are finding other ways to make money, including trading refining margins and calendar spreads.

Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year.

Oil dropped sharply in March, bringing down Hall along with others including Andurand Commodities Fund, which through the end of July had lost more than 15 %, according to a source close to the firm.

A number of funds bet heavily on an oil rally early in the year, boosting long futures positions to a record in late February, before oil went into a prolonged slump as global supply remained elevated despite cuts from OPEC.

As crude prices began to plunge last year, many energy experts predicted a repeat of 1986 when U.S. oil companies lost their funding and the industry collapsed into a yearslong bust.

Otto Energy says the sale of its Galoc oil field assets in the Philippines to Singapore - based energy company Risco Energy Investments for $ 113.4 million will help fund exploration activities for two years and return capital to shareholders.

The north is well aware that even in the crude terms of oil and supplies, it almost certainly lacks the funds to pay for any kind of sustained military campaign, despite having one of the world's largest standing armies.

Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20Oil trader Andy Hall last year closed his main Astenbeck Capital Management fund after betting oil would more quickly pull out of a rout that started in late 20oil would more quickly pull out of a rout that started in late 2014.

Citation Resources has appointed KordaMentha as voluntary administrators, while the oil and gas company continues to pursue recovery of funds through a civil action against former director Peter Landau.

When John Roth thinks back on the oil market of two years ago, a certain calamitous image comes to mind: «I liken it to pushing a freight train off the top of a hill,» says Roth, manager of the $ 3 billion Fidelity New Millennium Fund.

And yes, there is a fantastic well - oiled network of smart VCs and investors here, but the vast majority of start - ups (even in Silicon Valley) are still funded by second mortgages and family friends.

That's left a lot of junk bond fund managers with plenty of exposure to the energy sector at a time when oil prices have crashed and defaults, particularly among fracking companies, are rising.

Irwin Michael, founder and president of Toronto's ABC Funds, says that energy companies are «very cheap» and not reflecting the still high price of oil.

Speaking at the Sohn Investment Conference in New York, the closely - watched DoubleLine Capital LP chief executive officer recommended a trade of shorting, or betting against, Facebook while betting on gains in an exchange - traded fund that tracks oil and gas explorers and producers who could benefit from rising inflation.

Among them, power generation issues had a total return of 23.1 %; pipelines, 34 %; business trusts, 3.2 %; REITs, 24.6 %; oil and gas royalty companies, 12.0 %; and funds of trusts, 3.9 %.

«They are dependent upon the export of oil really to fund their government, and without that, they can't pay their security forces.»

CNBC's Jackie DeAngelis reports the latest results of CNBC's exclusive oil survey on what analyst, traders and major energy fund investors expect to see in the oil space in upcoming months.

Early in 2014 the rookie hedge fund manager noticed something unusual: The amount of crude oil being stockpiled around the world was building much faster than normal for that time of year.

The governor wants legislators to pass his deficit - reduction package, which includes reinstating the state income tax and overhauling the state's $ 50 billion so - called Permanent Fund, which pays the annual dividends every Alaskan receives, representing their share of the state's cumulative oil wealth.

Cuts to the highest per - capita spending in Canada will doubtless be part of the budget Premier Alison Redford unveils on March 7, but a shortfall on the revenue side, namely oil and gas royalties, has prominent Albertans calling for a more stable source of funding: a provincial sales tax.

(If you expand your definition of «dirty» to include resources from countries that abuse human rights, disregard labour standards or fund terrorist organizations, as conservative commentator Ezra Levant does in his new tome, Ethical Oil: The Case for Canada's Oil Sands, the range of options shrinks even more.)

Agreement has been reached with Coogee Resources (Ashmore Cartier) Pty Ltd, which gives Coogee the right to earn a 20 % interest in exploration permit AC / P 32 by funding 27.5 % of the upcoming Magnolia oil exploration well.

• Peloton Computer Enterprises, a Canada - based provider of well data software solutions to the oil and gas industry, raised funding of an undisclosed amount.

Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the Company's control, including natural and other disasters or climate change affecting the operations of the Company or its customers and suppliers; (2) the Company's credit ratings and its cost of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance of new product offerings; (6) the availability and cost of purchased components, compounds, raw materials and energy (including oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the Company's information technology infrastructure; (10) financial market risks that may affect the Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the Company's Annual Report on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports on Form 10 - Q (the «Reports»).

The U.N. Security Council has unanimously boosted sanctions on North Korea since 2006 in a bid to choke off funding for Pyongyang's nuclear and ballistic missile programs, banning exports including coal, iron, lead, textiles and seafood, and capping imports of crude oil and refined petroleum products.

«Funds that suffered losses on their oil investments have to get out of their liquid securities in other sectors,» said Sam Ginzburg, head of trading at First New York Securities in New York.

Malaysia's economy and currency are suffering from «an almost perfect storm» due to an outflow of funds from emerging markets, low oil prices and China's slowdown, the country's economic planning minister said on Tuesday.

In the statement, he said that ongoing talks with the International Monetary Fund, which has said the oil producer's debt is unsustainable, will «rapidly lead to the adoption» of a three - year programme with the Fund.

That power squarely rests with oil - rich nations that hold most of the world's oil reserves and the Wall Street banks and hedge funds that speculate and make markets in the oil trading game.

Because I don't see the capital markets continuing to fund non-conventional oil drilling when the ever present risk of prolonged low prices, or worse another step down I therefore see the balancing of the market occurring sooner then you suggest.

The availability of capital to fund unconventional production is the key to how long low oil prices will last going forward.

Funding its ballooning deficit, which can't be plugged with asset sales and debt issuance alone, and improving its economic situation are partly why Saudi Arabia, the largest producer in the OPEC oil cartel, disagreed to any cut in production at the December OPEC meeting, and more recently has been discounting the price of oil to its customers.

We sourced the oilsands direct jobs figure from The Decade Ahead: Labour Market Outlook to 2022 for Canada's Oil and Gas Industry, a 2013 Petroleum Human Resources Council report that was funded in part by the Government of Canada and The Canadian Association of Petroleum Producers.

Last November, the International Monetary Fund (IMF) commended the government of Mali's deficit reduction, praising GDP growth of more than 5 % arising from strong harvests and government spending, even as the cost of oil imports moved higher.

«This was after all the headlines are saying hedge funds have never bet this much on rising oil prices, in the history of oil trading.