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U.S. bombing wider Islamic State oil supply chain -Obama nominee

WASHINGTON, Dec 1 (Reuters) - The United States has stepped up the bombing of the Islamic State militant group's oil operations including drilling and trucking to go beyond hitting mostly mobile refineries, President Barack Obama's nominee for Assistant Secretary of State for energy said on Tuesday.

REFILE-U.S. judge approves reduced incentive plan for bankrupt Sabine

Dec 1 (Reuters) - A U.S. judge approved a reduced incentive plan for top executives of Sabine Oil & Gas Corp on Tuesday, despite opposition from unsecured creditors who demanded that any bonus scheme be linked to a sales process for the bankrupt company.

Australia shares seen with cautious start, NZ stocks near record highs

SYDNEY, Dec 2 (Reuters) - Australian shares are set with a cautious start on Wednesday with falling iron ore prices likely to hit local resource stocks. Global miner BHP Billiton is expected to open around 0.8 percent lower, tracking a loss in its U.S. ADRs. Share price index futures YAPcm1 edged down 0.1 percent to 5,258, a 8.1-point discount to the close of the underlying S&P/ASX 200 index on Tuesday. The benchmark surged 1.9 percent in the last session.

UPDATE 2-Iraqi Shi'ite militias pledge to fight U.S. forces if deployed

BAGHDAD, Dec 1 (Reuters) - Powerful Iraqi Shi'ite Muslim armed groups on Tuesday pledged to fight any U.S. forces deployed in the country after the United States said it was sending an elite special unit to help combat Islamic State.

Senior Arab official shot dead in Iraq's Kirkuk - police

BAGHDAD, Dec 1 (Reuters) - Gunmen shot dead a prominent Arab official in the northern Iraqi oil city of Kirkuk, police and medical sources said on Tuesday, in an attack that risks inflaming tensions in the ethnically mixed area.

COLUMN-Michelle Patron: What a climate deal means for oil markets

Dec 1 (Reuters) - Over the next two weeks countries from around the world are convening in Paris to develop a global plan to address climate change. A successful deal in Paris could have significant impacts for energy and equity markets.

UPDATE 3-Scotiabank 4th-quarter profit rises, energy concerns remain

TORONTO, Dec 1 (Reuters) - Bank of Nova Scotia reported a higher quarterly profit on Tuesday, helped by asset growth and favorable foreign exchange moves, but weakness in its capital markets business and an increase in bad energy loans kept the optimism in check.

Renewables to light way for Africa 'tired of being in the dark' - AfDB

PARIS, Dec 1 (Reuters) - Akinwumi Adesina, head of the African Development Bank (AfDB), has a bold vision for electrifying a continent where two-thirds of people lack access to power, and getting there by skipping carbon-intensive growth in favour of renewable energy.

UPDATE 1-After leaders' rhetoric, climate negotiators start work on deal

* Obama predicts successor will keep acting on climate (Adds comments from Obama, details)

RPT-Protecting forests must become the norm in supply chains - prince

* Business value of forests estimated at $150 billion annually

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