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Aramco is shelling out for its IPO.

Saudi Aramco is reportedly shelling out a whopping $450 million on adviser fees for its upcoming IPO

Bloomberg said that the oil giant will pay the fees — about 1% of the $40 billion Aramco is looking to raise — to advisers from over 20 banks.
Former Vice President Joe Biden

Joe Biden scrambles to defend his climate record at 7-hour CNN town hall

At a CNN town hall on Wednesday night, Joe Biden defended both his plan to address climate change and his relationship with the fossil-fuel industry.

Former Trump official Dina Powell has helped put Goldman Sachs in the running for a role in Saudi Aramco’s IPO

The former deputy national security adviser is reportedly part of the team trying to seal the deal for the bank.

Oil tumbles into a bear market as recession fears rage

Gasoline stockpiles also grew by 4.4 million barrels, which shocked the industry as it is currently peak demand season.
HMS Montrose

The UK is deploying another warship to the Persian Gulf as concern grows over a tanker that went missing near Iran

As the US gathers a coalition to protect shipping in the region, an oil tanker went into Iran's waters and mysteriously stopped transmitting.
Corporations that are major greenhouse-gas emitters are recognizing that climate-related policies are inevitable, and they want to steer the conversation while they have the chance.

Why the CEOs of Shell, BP, and 11 other major corporations have decided to lobby DC for climate change legislation

CEOs from major greenhouse-gas emitters are pushing President Trump and Congress for market-based climate change policies.
President Donald Trump announces his decision that the United States will withdraw from the landmark Paris Climate Agreement, in the Rose Garden of the White House in Washington, U.S., June 1, 2017.

Trump’s war on science is being led by a climate change denier who compared carbon dioxide pollution to ‘poor Jews under Hitler’

Trump is considering a new climate review panel that would be led by a 79-year-old physicist who thinks carbon dioxide is good for the planet.

Siemens stock is jumping after the industrials giant laid out plans to create a billion-dollar energy company

Siemens' stock rose 4.5% on its plans to combine its gas-and-power and renewable-energy businesses to create a separate, billion-dollar energy company.
Roughneck Brian Waldner is covered in mud and oil while wrestling pipe on a True Company oil drilling rig outside Watford, North Dakota.

Chevron is buying Anadarko in a $50 billion oil megadeal

Chevron, the world's third-largest energy company, has agreed to buy Anadarko petroleum in a $33 billion deal.
FILE PHOTO: U.S. Representative Ocasio-Cortez and Senator Markey hold a news conference for their proposed "Green New Deal" at the U.S. Capitol in Washington

Rick Perry, a champion of oil and gas, doesn’t think Alexandria Ocasio-Cortez should be ‘pushed aside’ over her Green New Deal

Perry's comments stand in contrast to those made by President Donald Trump, who has slammed the Green New Deal as a "socialist nightmare."