GLOBAL OIL DEMAND MAY HAVE PASSED PEAK, SAYS BP ENERGY REPORT
BP has called time on the world's rising demand for fossil fuels after
finding that demand for oil may have already reached its peak and faces an
unprecedented decades-long decline.
Demand for oil may never fully recover from the impact of the coronavirus
pandemic, according to the oil firm, and may begin falling in absolute terms
for the first time in modern history.
BP's influential annual report on the future of energy says oil will be
replaced by clean electricity from windfarms, solar panels and hydropower
plants as renewable energy emerges as the fastest-growing energy source on
record.
Spencer Dale, BP's chief economist, said the company's vision of the world's
energy future had become greener due to a combination of the Covid-19
pandemic and the quickening pace of climate action, which has hastened "peak
oil".
The report in effect sounds a death-knell for the growth of global oil
demand after two of the report's three energy scenarios for the next 30
years found that demand reached a peak in 2019. In BP's third scenario,
showing a world in which climate action does not accelerate, oil demand
plateaus at similar levels seen in 2019 through the 2020s before declining
from 2035.
The report's central scenario, which aligns with the goals of the Paris
climate agreement to keep global temperatures well below 2C above
pre-industrialised levels, shows demand for oil tumbling by 55% over the
next 30 years. Meanwhile, the report's greenest scenario, in which the world
aims to limit global heating to an increase of 1.5C, oil demand falls 80% by
2050.
MISTAKE TO BELIEVE ATTACK WAS 'ONE-OFF': AL-QAEDA THREATENS CHARLIE HEBDO
FOR REPRINTING PROPHET CARICATURES
Al-Qaeda has threatened French satirical weekly Charlie Hebdo with a repeat
of a 2015 massacre of its staff, after it republished controversial cartoons
of the Prophet Mohammed, the SITE observatory said on Friday.
Al-Qaeda in its publication One Ummah had warned that Charlie Hebdo would be
mistaken if it believed the 2015 attack was a "one off", after the magazine
printed the "contemptible caricatures" in a defiant issue that marked the
start of the trial in Paris of suspected accomplices in the attack.
The comments came in an English edition of the Al-Qaeda publication that
purported to mark the anniversary of the September 11, 2001, attacks on the
United States carried out by the terror network.
It said it had the "same message" for the France of President Emmanuel
Macron as it did for his predecessor Francois Hollande who was president at
the time of the 2015 attacks.
It said France under Macron "gave a green light" to the republication of the
cartoons.
The comments came in an English edition of the Al-Qaeda publication to mark
the anniversary of September 11, 2001, attacks on the United States carried
out by the terror network.
Charlie Hebdo's republication of the cartoons drew new condemnation from
states including Iran, Pakistan and Turkey.
The trial, which began on September 2 and is expected to continue until
November, sees 14 suspected accomplices face justice even though all the
perpetrators were killed in the wake of the attacks.
The trial, which will run for 10 weeks may be filmed throughout.
TRUMP CLAIMS MODI TOLD HIM HE HAS DONE A GREAT JOB IN COVID-19 TESTING
US President Donald Trump has claimed that Prime Minister Narendra Modi
praised him for doing a great job in coronavirus testing, as he continued to
slam his Democratic opponent Joe Biden for being a complete disaster in
handling the swine flu during the previous administration.
"By far, we've tested more people than India, than many, many big countries
put together. India is second (in coronavirus testing after the US). We're
44 million tests ahead of India. They have 1.5 billion people. And Prime
Minister Modi calls me and says, what a job you've done with testing," Trump
said at an election rally in Reno, Nevada.
Trump is currently making a swing of some of the key states in the West
Coast and has been spending a considerable amount of time in Nevada. The
president said that Modi's comment on testing being done by the US needs to
be explained to the media, which is after him over his handling of the
Covid-19 pandemic.
"I said, explain that to these dishonest people (media people) back (at the
election rally). Biden's record demonstrates that if he had been in charge,
when the China virus arrived, hundreds of thousands of more Americans would
have died. As vice president, he presided over the worst and the weakest and
the slowest economic recovery, since the great depression," Trump said.
'COVID-19 MADE IN WUHAN LAB CONTROLLED BY CHINA GOVT', CLAIMS VIROLOGIST,
OFFERS EVIDENCE
Chinese virologist Dr Li-Meng Yan has claimed that the novel coronavirus was
made in a government controlled laboratory in Wuhan and asserted that she
has scientific proof to back the claim.
The virologist, who became the whistleblower against the Chinese government
over its handling of the coronavirus pandemic, was in December last year
tasked with looking into a cluster of Sars-like cases coming out of mainland
China. The top scientist working in Hong Kong claimed that she discovered a
cover-up operation during her investigation and said that the Chinese
government knew about the spread of the virus before publicly acknowledging
it.
Dr Li-Meng, who specialised in virology and immunology at the Hong Kong
School of Public Health, was allegedly forced to flee to the United States
over safety concerns.
Dr Li-Meng dismissed reports suggesting the virus originated in wet markets,
claiming her intelligence is "from the CDCs in China, from local doctors,
doctors and other people around China."
The virologist said she is working on a scientific report since January i.e.
before leaving Hong Kong along with a small group of top scientists and will
soon publish the findings. "We are going to publish it. There are two
reports, the first one will come in several days and it will tell people
about the scientific evidence," she said.
Throwing light on the unpublished research, she said, "The genome sequence
is like our human fingerprint. So, based on this you can recognise and
identify this thing. So, I used the evidence existing in the genome sequence
of Sars-CoV-2 to tell people why this came from China, why they are the only
one who made it."
She also said that anyone, even those without any knowledge of biology, can
read it. "You can check, identify and verify it by yourself. It is the
critical thing for us to know the origins of the virus. If not, it will be
life threatening for everyone," she added.
UK EX-PMS CALL FOR BOYCOTT OF JOHNSON'S BREXIT BILL PLAN
Britain's former prime ministers from rival parties, Tony Blair and John
Major, united on Sunday to call on members of Parliament to boycott Prime
Minister Boris Johnson's proposed law aimed at overriding parts of the
Brexit divorce agreement.
Ahead of the Internal Market Bill coming up for debate in the House of
Commons on Monday, Major as a member of Johnson's own Conservative Party and
Blair from the Opposition Labour Party warned that what is being proposed by
the prime minister is "shocking" and has wide-ranging ramifications on all
future trade negotiations, not only with the European Union (EU) but with
other nations.
"The overt repudiation of the treaty - by seeking to override unilaterally
the provisions agreeing to the application of certain EU rules to Northern
Ireland - strikes at the very heart of the withdrawal agreement," the duo
wrote in a joint article for 'The Sunday Times'.
Major was a Conservative prime minister from 1990 to 1997. His Labour
successor Blair served as Britain's prime minister from 1997 to 2007.
TIKTOK PICKS ORACLE OVER MICROSOFT IN TRUMP-FORCED SALES BID
The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor
to buy the popular video-sharing app, according to a source familiar with
the deal who was not authorized to speak publicly about it.
Microsoft announced Sunday that its bid for TikTok was rejected, removing
the tech giant from the running a week before President Donald Trump
promises to follow through with a plan to ban the Chinese-owned app in the
U.S. over spying concerns.
TikTok and the White House declined to comment Sunday. Oracle didn't return
a request for comment but has previously declined comment.
Walmart, which had planned to partner with Microsoft on the acquisition,
said Sunday it "continues to have an interest in a TikTok investment" and is
talking about it with ByteDance and other parties.
CHINESE MILITARY CALLS US BIGGEST THREAT TO WORLD PEACE
China's Defense Ministry on Sunday blasted a critical U.S. report on the
country's military ambitions, saying it is the US instead that poses the
biggest threat to the international order and world peace.
The statement follows the Sept. 2 release of the annual Defense Department
report to Congress on Chinese military developments and goals that it said
would have "serious implications for U.S. national interests and the
security of the international rules-based order."
Defense Ministry spokesman Col. Wu Qian called the report a "wanton
distortion" of China's aims and the relationship between the People's
Liberation Army and China's 1.4 million people.
"Many years of evidence shows that it is the US that is the fomenter of
regional unrest, the violator of the international order and the destroyer
of world peace," he said.
US actions in Iraq, Syria, Libya and other countries over the past two
decades have resulted in the deaths of more than 800,000 people and
displacement of millions, Qian said.
"Rather than reflecting on itself, the US issued a so-called report that
made false comments about China's normal defense and military construction,"
he said in the statement. "We call on the US to view China's national
defense and military construction objectively and rationally, cease making
false statements and related reports, and take concrete actions to safeguard
the healthy development of bilateral military relations."
Running to more than 150 pages, the Defense Department report examined the
PLA's technical capabilities, doctrines and the ultimate aims of China's
military buildup. It said it includes becoming a "practical instrument" of
China's statecraft with an active role in advancing Beijing's foreign policy
and "aims to revise aspects of the international order."
CORONAVIRUS: WHO REPORTS RECORD DAILY RISE IN NEW INFECTIONS
The World Health Organization reported a record one-day increase in
globalcoronavirus cases on Sunday, with the total rising by 307,930 in 24
hours.
The biggest increases were from India, the United States and Brazil,
according to the agency's website. Deaths rose by 5,537 to a total of
917,417.
India reported 94,372 new cases, followed by the United States with 45,523
new infections and Brazil with 43,718.
Both the United States and India each reported over 1,000 new deaths and
Brazil reported 874 lives lost in the past 24 hours.
The previous WHO record for new cases was 306,857 on Sept. 6. The agency
reported a record 12,430 deaths on April 17.
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