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As global leaders prepare for COP29, methane emissions are rising alarmingly. The US oil and gas lobby seeks to repeal methane penalties, while China struggles to implement its methane action plan. Experts warn that without urgent action, climate goals will be jeopardized.
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Russia is exploring a merger between state-backed Rosneft Oil, Gazprom Neft, and Lukoil, potentially creating the world's second-largest oil producer. This move aims to bolster the economy amid Western sanctions and support the war effort in Ukraine, despite significant internal opposition and financing challenges.
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The recent U.S. election of Donald Trump, who plans to withdraw from the Paris Agreement, raises concerns about global climate negotiations. Argentina's President Javier Milei is also contemplating leaving the accord, further complicating international climate efforts at COP29 in Baku, Azerbaijan.