The rising number of tankers transporting sanctioned oil and petroleum products under the radar is holding back efforts of the global shipping industry to reduce its greenhouse gas emissions. The old tankers carrying sanctioned oil from Russia, Iran, and Venezuela typically use the cheapest fuel available and operators of these vessels have no incentive whatsoever to comply with industry standards, including emission standards, Reuters reports, citing shipping sources and shipping data. While the shipping industry, which accounts for about…
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