The Globe and Mail - 13.09.2019

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nuclearpowerstationnearBridgwater,England,onThursday

PETERNICHOLLS/REUTERS

[ENERGY]

More than 100 chief executives of
some of the the United States’
most well-known companies on
Thursday called on the U.S. Sen-
ate to take action to tackle gun vi-
olence, including expanding
background checks and strength-
ening so-called red-flag laws, ac-
cording to media reports.
In a letter to lawmakers, 145
company heads urged meaning-
ful action after a string of mass
shootings across the United
States that have most recently left
communities reeling in Texas,

Ohio, Nevada and South Carolina.

“Doing nothing about Ameri-

ca’s gun violence crisis is simply

unacceptable and it is time to

stand with the American public

on gun safety,” the letter to the

Republican-led U.S. Senate said,

according to The New York

Times, which first reported the

correspondence.

Those signing the missive in-

clude the heads of Gap Inc, Levi

Strauss & Co., and Dick’s Sporting

Goods Inc. They also included

Royal Caribbean Cruises Ltd.,

Uber Technologies Inc., Twitter

Inc., and Amalgamated Bank,

among others.

“We are writing to you because

we have a responsibility and obli-

gation to stand up for the safety of

our employees, customers and all

Americans in the communities

we serve across the country,” they

said, according to the Times. The

Washington Post also reported

the letter.

Lawmakers have struggled to

address gun violence after the

2012 killing of 26 people, includ-

ing 20 children, at Sandy Hook

Elementary School in Connecti-

cut stoked debate over gun con-

trol in America.

This summer, shootings in

Dayton, Ohio, and El Paso, Tex. –

including in a Walmart – sparked

fresh debate.

Walmart Inc. and other stores

have since called on patrons not

to openly carry firearms in their

stores, prompting protests from

opponents who object to curbing

gun rights.

The U.S. House of Representa-

tives, led by Democrats, quickly

took up measures addressing gun

violence as lawmakers returned

to Washington this week. These

include three bills that seek to re-

move guns from people deemed

a risk, ban high-capacity ammu-

nition magazines and prohibit

people convicted of violent hate

crime misdemeanors from pos-

sessing firearms.

The Senate, led by President

Donald Trump’s fellow Republi-

cans, has so far stayed on the side-

lines, with Senate Majority Lead-

er Mitch McConnell looking to

the White House for guidance.

On Wednesday, a bipartisan

group of U.S. senators said they

wanted to revive a failed 2013 bill

to close loopholes on the law re-

quiring gun-sale background

checks, but it remained unclear

whether Mr. Trump would sup-

port it.

REUTERS

CEOscallonU.S.Senatetotacklegunviolence

WASHINGTON

LONDONGlobal oil demand is weathering economic head-

winds, the International Energy Agency (IEA) said on

Thursday, buoyed by lower prices brought on by abundant

supply as the United States briefly dethroned Saudi Arabia

as the world’s top exporter.

“With oil prices currently about 20-per-cent lower than a

year ago, there will be support for consumers,” the IEA said

in its monthly report.

“Booming shale production has allowed the U.S. to close

in on, and briefly overtake, Saudi Arabia as the world’s top

oil exporter ... in June, after crude exports surged above 3

million barrels per day.”

The Paris-based agency maintained its estimate for

growth in global oil demand during 2019 at 1.1 million

barrels a day (b/d) and 1.3 million b/d for next year, assum-

ing no further breakdown in U.S.-China trade talks and

citing an easing of tensions around Iran.

A rebound in U.S. production following Hurricane Dor-

ian along with steep output growth from Brazil and the

North Sea were set to drive production from outside the

Organization of the Petroleum Exporting Countries (OPEC)

up sharply, the IEA added.

U.S. crude exports spiked to more than three million b/d

in June, as Saudi Arabia cut output sharply and Russia

grappled with contamination in one of its main export

pipelines. Non-OPEC production growth is seen rising to 2.3

million b/d in 2020, up 400,000 from this year.

Meanwhile, demand for OPEC crude is set to reach 28.3

million b/d in the first half of 2020, 1.4 million b/d less

than the group produced in August. The discrepancy may

prompt OPEC and its allies including Russia to revisit their

production-curbing pact.

“The implied market balance [will be] returning to a

significant surplus and placing pressure on prices,” the IEA

said. “The challenge of market management remains a

daunting one well into 2020.”REUTERS

U.S.BRIEFLYSURPASSESSAUDIARABIA

ASWORLD’STOPOILEXPORTER,IEASAYS