This year has seen stakes in 53 new offshore oil and gas exploration licences awarded by Norway to 20 companies who are set to invest €22.8bn in yet more drilling — up six percent on last year. Yet Norway’s electricity grid runs almost entirely on renewables — because under the Paris Agreement, emissions are counted where fossil-fuels are consumed, not where they are extracted.
Since when did EUDR change from being conservation tool aimed at cutting global deforestation by 10 percent to being just another negotiating tool in trade agreements?
Among the many far-fetched justifications for president Donald Trump’s tariff tsunami is the idea that it will encourage companies to up sticks and move production to America to avoid the tax. Fair enough if you’re manufacturing cars, ships or washing machines — but ludicrous if you’re a producer of raw materials such cocoa, coffee, palm oil or even bananas.