Global News Video: Erdogan says Turkey set to banish 10 envoys

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Turkish President Tayyip Erdogan said he told his foreign ministry to expel the ambassadors of the United States and nine other Western countries for demanding the release of philanthropist Osman Kavala #News #Reuters Subscribe: https://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

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Published: 24th Oct 2021 01:37:14   By: Reuters

Global News Video: Saudi Aramco Pledges to Reach Net-Zero Emissions by 2050

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Saudi Aramco, the world’s biggest exporter of oil, set a goal of reaching net-zero emissions from its wholly-owned operations by 2050. The target doesn’t include emissions coming from customers burning its crude. That’s a decade sooner than a government timetable for the kingdom set earlier Saturday. “We understand the goal will be complex and will have challenges, but we will meet them,” Chief Executive Officer Amin Nasser said at the Saudi Green Initiative conference in Riyadh. The pledge applies to emissions from the company’s own operations or from the generation of power and heat to its assets, classified as Scope 1 and Scope 2. It doesn’t apply to Scope 3, which are generated by customers burning its fuels and make up more than 80% of the company’s total emissions. While making the announcement about net-zero goals, Nasser expressed concern for the “fast” decline in global spare capacity -- which he put at 3 million to 4 million barrels a day currently -- due to the reopening of economies around the world. So, Saudi Aramco will keep investing in building crude production capacity. “We are not abandoning our existing resources of energy,” Nasser said, adding that hydrocarbons will be part of the mix for decades to come. “It’s not contradictory at all.” Hours earlier, the government said it will eliminate planet-warming emissions within its borders by 2060. That time frame parallels pledges by China and Russia but lags other large economies like the U.S., U.K., and European Union, which all aim to be net zero by 2050. “This is a historical announcement,” Nasser said. “It will create the right platforms for Saudi Aramco and other entities in the kingdom to follow suit.” The pledge is similar to those made by European energy majors such as Royal Dutch Shell Plc and BP Plc, and puts Aramco ahead of U.S. firms Chevron Corp. and Exxon Mobil Corp. Gas Investments Saudi Basic Industries Corp., Aramco’s chemicals subsidiary, said at the same conference it would explore ways to be carbon neutral by 2050. Its CEO, Yousef al-Benyan, said he would cut greenhouse gas emissions by 30% by 2030. As part of its plan, Saudi Aramco will make huge investments in gas over the next decade, Nasser said. That will help reduce the amount of crude it burns domestically. Aramco also has ambitions in renewable sources of energy like solar, wind and hydrogen. Green hydrogen is produced using renewable power in a process with no emissions. Making blue hydrogen requires natural gas, with the carbon captured and stored. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Subscribe to our newest channel Quicktake Explained: https://bit.ly/3iERrup Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit https://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake

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Published: 23rd Oct 2021 08:32:17   By: Bloomberg Quicktake: Now

Global News Video: LIVE: Canary Islands volcano spews lava and ash

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The Cumbre Vieja volcano on La Palma in Spain’s Canary Islands spews lava and ash, with the eruption showing few signs of abating after destroying some 2,000 buildings and forcing thousands to leave their homes since it began on Sept. 19. #Live #Volcano #CumbreVieja #lava #LaPalma #Spain #News #Reuters Subscribe: https://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

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Published: 23rd Oct 2021 03:05:53   By: Reuters

Global News Video: Spanish island's volcanic eruptions still causing massive damage

Play CBS Evening News Video: Spanish island's volcanic eruptions still causing massive damage

The Cumbre Vieja has scorched more than 200 acres of land so far, and lava is still flowing through the streets of La Palma, burning buildings and billowing smoke to the skies. Roxana Saberi with more. "CBS Evening News with Norah O'Donnell" delivers the latest news and original reporting, and goes beyond the headlines with context and depth. Catch the CBS Evening News every weekday night at 6:30 p.m. ET on the CBS Television Network and at 10 p.m. ET on CBSN. Subscribe to the “CBS Evening News" YouTube channel: https://bit.ly/1S7Dhik Watch full episodes of "CBS Evening News”: https://cbsn.ws/23XekKA Follow "CBS Evening News" on Instagram: https://bit.ly/1T8icTO Like "CBS Evening News" on Facebook: https://on.fb.me/1KxYobb Follow "CBS Evening News" on Twitter: https://bit.ly/1O3dTTe Download the CBS News app: https://cbsn.ws/1Xb1WC8 Try Paramount+ free: https://bit.ly/2OiW1kZ For video licensing inquiries, contact: This email address is being protected from spambots. You need JavaScript enabled to view it.

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Published: 24th Oct 2021 01:09:11   By: CBS Evening News

Global News Video: Moscow hospital overwhelmed amid record COVID deaths

Play Reuters Video: Moscow hospital overwhelmed amid record COVID deaths

An intensive care unit in Moscow's Hospital Number 52 is feeling the pressure, as Russia recorded daily surges in both cases and deaths caused by the coronavirus infection #COVID19 #Russia #News #Reuters Subscribe: https://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy and impartiality is unparalleled. Get the latest news on: https://reuters.com/ Follow Reuters on Facebook: https://www.facebook.com/Reuters Follow Reuters on Twitter: https://twitter.com/Reuters Follow Reuters on Instagram: https://www.instagram.com/reuters/?hl=en

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Published: 22nd Oct 2021 04:10:47   By: Reuters