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UPDATE 1-Excerpts from Pope Francis encyclical on the environment

VATICAN CITY, June 18 (Reuters) - Pope Francis on Thursday issued a major encyclical on the environment, called "Laudato Si (Praise Be), On the Care of Our Common Home". Here are some key excerpts from the official English version:

Putin ally proposes early election to get through Russia's storm

ST PETERSBURG, Russia, June 18 (Reuters) - A former finance minister proposed on Thursday bringing forward the next presidential election to give his ally, Vladimir Putin, a stronger mandate to reform the economy and guide Russia through a financial "storm".<

UPDATE 1-Kenya, Uganda may decide on oil pipeline route by mid-July

NAIROBI, June 18 (Reuters) - Kenya and Uganda could decide by mid-July on the route for a crude pipeline linking their newly found oil fields to the Kenyan coast, a vital step for oil firms to make a final investment decision, a senior Kenyan ministry official said.

UPDATE 1-Gazprom, Shell agree to expand Sakhalin-2 project

ST PETERSBURG, Russia, June 18 (Reuters) - Russian gas producer Gazprom and Royal Dutch Shell have signed an agreement to expand the Sakhalin-2 LNG project, Gazprom said in a statement on Thursday.

Swiss bank UBP clings on to handful of Greek stocks

LONDON, June 18 (Reuters) - Switzerland's Union Bancaire Privee (UBP) is sticking with five Greek stocks for clients prepared to take on the high-risk bet that they could make money, even as cash-strapped Athens and its creditors battle to avoid default.<

UPDATE 1-Norway oil rig workers threaten strike if wage talks fail

OSLO, June 18 (Reuters) - Some 574 Norwegian rig workers could go on strike from next Thursday, potentially reducing oil production, unless a wage settlement is reached during talks with a state appointed mediator, three labour unions said on Thursday.

Pope's climate change stand gets uneasy reception in Catholic heartland of Poland

WARSAW, June 18 (Reuters) - Pope Francis's plunge into the climate change debate has caused uneasiness in the heartland of European conservative Catholicism in Poland, exposing the dilemma for Catholics who are devout but prefer their leaders to steer clear of "liberal" causes.

UPDATE 1-After biofuel quotas furor, EPA grilled by U.S. Senate

WASHINGTON, June 18 (Reuters) - U.S. lawmakers will grill the nation's environmental regulator over its handling of a controversial renewable fuels program at a hearing on Thursday, the first since new biofuels targets provoked a furor among corn farmers and oil refiners.

North Sea strike ballot on hold as UK offshore workers mull offer

LONDON, June 18 (Reuters) - The threat of strike action in Britain's North Sea oil and gas industry has receded for the time being, with trade unions putting a strike ballot on hold for members to consider a new offer from employers.

Hercules Offshore in deal with debtors, to file under Chapter 11

June 18 (Reuters) - Rig provider Hercules Offshore Inc said it had entered into a restructuring agreement with a majority of its debtors, which would lead to a Chapter 11 filing within the next few weeks.

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