Observers backed Adesina’s view, noting that while these loans offer developing countries the funding they need, they can be expensive and subject to commodity price fluctuations, making repayment difficult. 01:25 China-funded infrastructure across Africa force difficult decisions for its leaders China-funded infrastructure across Africa force difficult decisions for its leaders Known as the “Angola model”,
(Bloomberg) – Namibia will invest a big chunk of any revenue it gets from a potentially massive oil discovery into a sovereign wealth fund, and expects to learn if the find is commercially viable later this year. Source: Shell “We understand that the quantities are large, but we still have to test the
A pair of activist investors have pulled their request for shareholder votes on climate-related proposals after ExxonMobil sued to keep them off the ballot at the company’s upcoming meeting. But while Arjuna Capital and the environmental group Follow This say they will not refile the proposals, Exxon still wants a U.S. court in Texas to
Last year, the Biden administration issued the green light for ConocoPhillips’ (NYSE:COP) $8 billion Willow project in Alaska, ending the company’s long wait much to the consternation and chagrin of environmentalists. ConocoPhillips is the largest crude producer in Alaska and also the largest owner of exploration leases, with extensive holdings in Prudhoe and the National Petroleum Reserve-Alaska (NPR-A). Whereas
One fund to solve all your problems—it’s the dream of every investor who wants the simple life. But for all except aggressive investors with 100% in stocks, it was largely impossible until recently, with interest rates close to 0% before 2022, which rendered the bond portion of any balanced or allocation fund invested in both