USD 63.8487

0

EUR 70.5975

0

BRENT 64.47

-0.16

AI-92 42.31

-0.01

AI-95 45.95

-0.04

AI-98 51.59

-0.04

Diesel 45.97

-0.08

45

Rosneft to cut planet-warming emissions

Rosneft will achieve the emissions cuts by harnessing associated natural gas, a by-product of oil production, at the Komsomolskoye oil field in the far northern region of Yamal-Nenets

Cutting the carbon dioxide emissions in 2008-2012 by Russian state-controlled company Rosneft comes under the deal with Word Bank acting on behalf of the European, Danish, Italian and Spanish Carbon Funds. It was signed Monday being a part of Kyoto Protocol.

During the period of 2008-2012 Rosneft is prepared to allocate a minimum 5.32 million emission reduction unites (ERUs) in the above-mentioned Funds (one ERU equals one tone of CO2). The World Bank…will formalize transactions with ERUs, as well as will monitor and control compliance with procedures governing project implementation.

Author: Ksenia Kochneva