Bloomberg Almost 84 percent of Southeast Asia’s planned and existing fossil fuel power plants are incompatible with future scenarios that avoid catastrophic damage from climate change, according a new study from the University of Oxford. The report, which comes on the heels of a major United Nations-backed study of the impacts of global temperatures rising 1.5 degrees Celsius (2.7 Fahrenheit), …

Bloomberg Buyout firm Warburg Pincus is considering a $3 billion sale of natural gas producer Navitas Midstream Partners LLC, people with knowledge of the matter said. Navitas has hired investment bank Jefferies Financial Group Inc. to run an auction process, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The company, which is …

Bloomberg Russia has started discussions with Exxon Mobil Corp. over possible new oil and gas projects, potentially creating a dilemma as the US government mulls more sanctions against the country. The consultations could expand existing cooperation between the US giant and state-run Rosneft PJSC, Russian government officials said, asking not to be named as the information isn’t public yet. The …