LONDON: The novel coronavirus disease (COVID-19) outbreak and lockdown crisis might lead to USD 25 trillion (£20tn) collapse in the fossil fuel industry with the acceleration of a terminal decline for the world’s most polluting companies, foreign media reported.
COVID crisis prompted people to stay indoors, thus the demands for fossils fuels such as petrol, diesel, etc have come down.
The value of the world’s fossil fuel reserves could fall by two-thirds, sooner than the industry expects, according to financial thinktank Carbon Tracker.
The collapse of the fossil fuel industry will lead to a threat to global financial stability as it reduces the market value of fossil fuel companies.
According to source close to investigation, violence might be linked to possible drug-related score-settling
Russian attacks on Ukraine have killed dozens of people during interim, including in Ukrainian capital Kyiv
Flight tracking website FlightRadar24, says airlines maintained flight diversions around region
Some are stationed roughly 60KM south of Riyadh, at Prince Sultan Air Base, which supports US Army air defense assets
Adviser to Iran’s supreme leader warned that US bases in region “will be considered legitimate targets”
It was first suicide bombing in Damascus since Bashar al-Assad was toppled by Islamist-led rebel insurgency
