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Sweden sets goal of fossil-free economy

Swedish government adopts ‘minister for the future’ to steer economy toward a fossil-free economic future. Photo by Stephen Shaver/UPI STOCKHOLM, Sweden, Nov. 24 (UPI) — The Swedish government said it has a "minister for the future" that aims to steer the country toward a fossil-free economy by 2030. The Swedish government said it has one of the lowest levels of emissions among members of the European Union and the Organization of Economic Cooperation and Development. The Swedish government said it’s embarked on a path toward a fossil-free economy by 2030 . Minister for Strategic Development and Nordic Cooperation Kristina Persson, dubbed the "minister for the future" by the government, said the goal can be achieved by breaking the link between economic growth and increased emissions. "We need to do much more than what we are doing presently, and many more countries must try to achieve what we are trying […]

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OPEC, Russia oil battle heats up as Sweden buys Saudi crude

The logo of the Organization of the Petroleum Exporting Countries (OPEC) is pictured at its headquarters in Vienna, Austria, August 21, 2015. The Saudi-Russian battle for Europe’s crude oil buyers intensified this week as Swedish refiner Preem bought its first cargo of Saudi Arabian crude oil in around two decades, trading sources said. The purchase from another traditional buyer of Russia’s Urals crude will heat up the contest for market share that Saudi Arabia has effectively brought to Russia’s backyard in the Baltic region. Already, Poland’s two refineries, PKN Orlen and Lotos, have turned to Saudi crude at the expense of Urals. The deputy head of Lotos earlier this week told Reuters that the purchase "made our negotiation position much stronger" with its traditional supplier, Russia. State oil company Saudi Aramco on Thursday also dropped its official selling prices for crude oil to northwest Europe. Preem, which also predominately […]

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Oil supply shock, food shortages, and potential starvation in Sweden?

In 2013 the Swedish Institute of Agricultural and Environmental Engineering (JTI) released a report about potential impacts on the country’s food supply from sudden oil import shocks. JTI looked at three different scenarios, where oil imports would be redistricted (-25%, -50%, -75%) for a period of 3-5 years. Not enough time to make a transition to some other fuel. In the worst case scenario, where 75% of oil imports disappear, the authors stated that the diesel price could increase to some SEK 160/litre, and we would likely experience widespread starvation! Food supplies, in stores and warehouses, would only last for 10-12 days. Swedes don’t even know that the government has said that it’s up to the citizens themself to provide for their own food needs in a crisis situation. Most people seem to believe we still live in the 1970s when Sweden was a socialist country, not any more, […]

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Sweden cancels military deal after Saudi human rights snub

Margot Wallstroem, Sweden’s Minister for Foreign Affairs Sweden is cancelling a controversial military deal with Saudi Arabia a day after an unusually frank diplomatic bust-up between the two countries over human rights. Government officials in Stockholm said that Sweden would not prolong an arms and training deal that had threatened to tear apart the centre-left coalition in the country. More On this topic IN Europe Swedish business leaders, including dozens of prominent chief executives and chairmen, had publicly lobbied for the deal to be extended, arguing that contracts worth billions of krone with Saudi Arabia could be at risk. But on Monday Saudi Arabia blocked Sweden’s foreign minister Margot Wallström from addressing the Arab League in Cairo. Ms Wallström, who had been invited after Sweden became the first EU country officially to recognise Palestine , said she had been told that Sweden’s discussion of human rights and democracy was […]

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