According to the agency theory, ESG activities will produce agency problems between managers and shareholders. ESG expenditures are not in the shareholders’ best interests because ESG activities waste corporate resources, and the direct cash outflows will reduce profits and firm value. A strand of ...
OPEC, which stands for "Organization of the Petroleum Exporting Countries" is a collection of countries that have some of the world's largest oil reserves and produce large amounts of oil. They have significant control of the world's oil prices. The majority of the world's oil, however, i...
The US is a huge producer of crude oil and petroleum products, with huge refining capacity, huge consumption, a huge petrochemical industry, huge imports, and even bigger exports. The global oil trade is complex and vast, and it solves specific i...
Then the Russia-Ukraine conflict in 2022 led to a new round of "de-industrialization" in Europe. High energy prices and high inflation have significantly increased the costs of enterprises, and many of them were forced to...
It is also mentioned that the bottom ten with the lowest TI performance contain five high-level-income countries (i.e., Niger, Fiji, Ukraine, Madagascar, Seychelle, Croatia), three upper-middle-income countries (Gambia, Madagascar, Egypt) and two lower-middle-income countries (Thailand, Kenya...
Nuclear plants produce much lower carbon emissions than fossil fuel plants (coal, oil, and natural gas). It's much more efficient to release energy by smashing atoms apart than by "burning them" (releasing energy through the chemical reaction we call combustion). That's why nuclear plants nee...
i.e. natural gas, oil or electricity. In this context, electricity constitutes a particular case, as it is not storable. Yet also for gas, large-scale storage is typically restricted to a limited number of large gas storage facilities in the network. A further major challenge consists in id...
Chinese oil firm booted out of oilfield for slow work The contract was signed between the state-run Petroleum Engineering and Development Company (Pedec) and an Iran-Ukraine joint venture. Battling to stay afloat An Azeri, Khoee formerly was head of Pedec, a position he took in 1994. IRAN...
A renowned visual artist turned to ITRex tocreate a generative AI solutionthat would produce new paintings based on his works and the works of other authors who inspire him. The client was looking tobuild a minimum viable product (MVP)version of the system over the course of several weeks ...
The woke economic bible is called modern monetary theory, which says, "Spend and create as much money as you want; it will never cause inflation to rise." Oops! YELLEN BLAMES RUSSIA-UKRAINE WAR FOR RISING FOOD PRICES, URGES INSTITUTIONS TO TAKE ‘CONCRETE ACTION’ ...