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SYMBOL LAST CHANGE % HIGH LOW DOW JONES – US 33,561.80 -56.88 -0.17% 33,656.40 33,509.70 NASDAQ – US 12,179.50 +0.00 +0.00% 12,216.10 12,174.10 S&P 500 – US 4,119.17 -18.95 -0.46% 4,130.35 4,116.65 RUSSELL 2000 – US 1,749.68 -4.79 -0.27% 1,756.09 1,737.70 S&P TSX – CANADA 20,585.70 +0.58 +0.00% 20,599.00 20,455.50 IPC – MEXICO 55,452.70 +419.61 +0.76% 55,497.80 54,899.40 FTSE – UK 7,750.80 -13.29 -0.17% 7,778.98 7,750.37 CAC 40 – FRANCE 7,373.77 -23.40 -0.32% 7,416.32 7,373.20 DAX 40 – GERMANY 15,886.20 -69.32 -0.43% 15,980.80 15,884.00 FTSE MIB – ITALY 27,325.70 -57.80 -0.21% 27,476.40 27,324.70 MICEX – RUSSIA 2,524.31 -3.28 -0.13% 2,535.03 2,483.79 NIKKEI 225 – JAPAN 29,122.20 -120.64 -0.41% 29,195.20 29,070.10 SHANGHAI COMPOSITE – CHINA 3,319.15 -38.52 -1.15% 3,349.72 3,305.25 HANG SENG – HONG KONG 19,776.90 -90.64 -0.46% 19,880.00 19,696.60 NIFTY 50 – INDIA 18,249.10 -16.90 -0.09% 18,323.20 18,211.90 KOSPI – KOREA 2,496.51 -13.55 -0.54% 2,510.13 2,488.42 28.9.2023 7 MARKETS International Markets Global Indices Trading Date: 27 September 2023 FTSE 100 Daily Price Chart DAX 40 Daily Price Chart THE British government approved the development of a huge oil and gas field in the North Sea Wednesday, sealing its commitment to keep producing fossil fuels for decades to come. e Rosebank field, situated northwest of Shetland in Scotland and majority-owned by Norwegian state-owned energy company Equinor, is the largest undeveloped oil and gas field in the North Sea, with the potential to pro- duce 500 million barrels of oil. Its development has sparked fierce criticism for the im- pacts it will have on the climate crisis and the UK's ability to meet its pledge to reduce its net carbon emissions to zero by 2050. "We have today approved the Rosebank Field Develop- ment Plan which allows the owners to proceed with their project," said a spokesperson for oil and gas regulator the North Sea Transition Authority in a statement. e spokesperson added the decision had been made "taking net zero considerations into account through- out the project's lifecycle." Net zero is where the world removes at least as much planet-heating pollution as it emits. UK Prime Minister Rishi Sunak recently said he wanted to "max out" oil and gas developments in the North Sea and issue hundreds of new licenses. Sunak has argued that these reserves will give the UK energy security and help lower bills. "Even when we've reached net zero in 2050, a quarter of our energy needs will come from oil and gas. But there are those who would rather that it come from hostile states than from supplies we have here at home," Sunak said in a statement in July. But critics argue that the UK exports 80% of its oil. "Rosebank will do nothing to lower fuel bills or boost UK energy security. Most of this oil will be shipped abroad and then sold back to us at whatever price makes the oil and gas industry the most profit," said Tessa Khan, execu- tive director of UK campaigning organization Uplift and a climate lawyer. Climate groups also say that continuing to produce new fossil fuels decades into the future threatens the UK's cli- mate commitments. e International Energy Agency said in 2021 that there could be no new oil and gas fields if the world wants to have a good chance of limiting global warming to 1.5 de- grees Celsius above pre-industrial levels. Lyndsay Walsh, climate change policy adviser at Oxfam, said Rosebank locks the UK "further into fossil fuel de- pendency and increasing emissions as record-shattering heatwaves, floods and wildfires destroy lives." An analysis from Uplift found that the planet-heating pollution produced by Rosebank would be enough to push the UK beyond its climate targets from 2028 onwards. Claire Coutinho, the UK's minister for energy security and net zero, said Rosebank will bring jobs and enable the UK to reduce reliance on oil and gas imports. "We are a world leader at reducing carbon emissions but as much as we will be ambitious, we must be pragmatic," she posted on X (formerly Twitter) Wednesday. Britain approves huge, controversial oil and gas field in the North Sea

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