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UPDATE 1-Pope calls for "action now" to save planet, stem warming, help poor

* Rich nations must discard "throwaway" consumer culture (Updates with cardinal and scientist at news conference)

Major investor in Dragon Oil says ENOC offer undervalues company

LONDON, June 18 (Reuters) - Baillie Gifford, the largest independent investor in the Dublin-based Dragon Oil, said the takeover offer from majority owner Emirates National Oil Co (ENOC) "materially undervalued" the company.

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.

Russia says examining Brussels' legal move to seize state assets

MOSCOW, June 18 (Reuters) - The Kremlin said on Thursday it was carefully examining a reported Belgian move to seize Russian state property in Belgium to cover a court settlement compensating shareholders in the now defunct oil company Yukos.

UPDATE 2-Japan faces dilemma over plutonium stored in France

TOKYO, June 18 (Reuters) - Still dealing with the huge clean up after the Fukushima crisis and debating its future use of atomic energy, Japan now faces another nuclear conundrum - what to do with 16 tonnes of its plutonium sitting in France after being reprocessed there.

Emissions trading can undermine climate efforts - Pope

RPT-Weeks after biofuel quotas furor, EPA faces U.S. Senate grilling

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.

RPT - INSIGHT-Small U.S. frackers face extinction amid drilling drought

WEATHERFORD, Texas, June 18 (Reuters) - Oil field work was coming in fast when GoFrac doubled its workforce and equipment fleet at the beginning of last year, just one of hundreds of small oil service companies thriving on the revival of U.S.

Activists, U.N. celebrate pope's call to arms on climate change

June 18 (Reuters) - Pope Francis' appeal to save the planet won praise from climate change activists, scientists and the United Nations on Thursday as a moral imperative to governments to make 2015 a turning point in efforts to slow global warming.

UPDATE 2-Russia's VTB says Mechel agrees to debt restructuring terms

ST PETERSBURG, Russia, June 18 (Reuters) - Russian steel and coal producer Mechel has agreed to the terms for restructuring its debt with VTB, the country's second-largest bank said on Thursday.

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