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ConocoPhillips invested total $6 billion in Russia

Publish date: March 15, 2006

According to ConocoPhillips chief executive James Mulva, this US energy giant invested about $6 billion in Russia.

James Mulva told an international conference on energy security in Moscow that his company’s cooperation with Russia’s no. 1 crude producer LUKoil, in which it owns a 16% stake, aimed to achieve strategic goals and would continue. Mulva said oil prices would be more unstable without Russia’s contribution to the world oil market, RIA Novosti reported. He added that Russia is a reliable energy resource supplier.

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Polish EU Presidency: What does it mean for climate action?  

While the Polish Presidency presents an opportunity to address critical challenges, its current priorities fall short of aligning European competitiveness and security with the urgent need for climate action. Bellona’s Roadmap for 2024-2029 calls on the EU to implement ambitious and science-based climate goals to achieve climate neutrality and strengthen EU security. By focusing on industrial decarbonisation, renewable energy integration, transparent climate policy, and green public procurement, the Presidency can lead the EU towards a resilient, competitive, and climate-neutral future. As such, Bellona calls on Poland to implement more concrete and ambitious climate policies and well-functioning markets for a net-zero world.

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