James Fontanella-Khan Spot news

Global warming threat for Asia financial hubs, says WWF
Hong Kong and Singapore are at serious risk of disastrous flooding (FT)

Executives arrested in Italy wind farm probe
Prominent businessmen charges of fraud (FT)

Russia warns of gas crisis if Ukraine misses payment
Ukraine ships about 80% of Russian gas exports to Europe (Bloomberg)

Exxon flips the switch on Chinese plant
US groups is betting big on China’s seemingly endless hunger for fuel (WSJ)

Oil heavyweight ponders changing landscape
Khalid al-Falih is circumspect about the need to expand capacity (FT)

Petrobras says discovers oil in Angola waters
Second discovery within the bloc in which the Brazilians have a 5% stake (Reuters)

Land Securities to show energy use
first big property company to show its impact on the environment (FT)

Comment: Oil wealth must be used prudently
It would be a mistake if the Gulf economies were to dust themselves off (FT)