• Final Nail In The Coffin For U.S. Climate Bill?

    • Date: 06/05/10

    The Gulf of Mexico oil spill threatens to become the final nail in the coffin for the Obama administration’s climate change bill, with more Democrats saying they cannot support a bill that allows further offshore drilling. Expanding drilling was crucial for winning the support of Republicans and moderate Democrats for the bill in the Senate, […]

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  • Wing Clipping: European Airlines Face Mounting ETS Costs

    • Date: 05/05/10

    Europe’s cash-strapped airlines could be saddled with mounting costs to buy emissions certificates after a volcanic ash cloud that swept across Europe cut the number of free certificates they stand to receive. Most of Europe’s airspace was closed for nearly a week from April 15 after a huge ash cloud from an Icelandic volcano stranded […]

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  • Climate Policy Damages Labour Down Under

    • Date: 04/05/10

    Australia’s ruling Labor Party is less popular than the conservative opposition for the first time in almost four years, an opinion poll indicated Tuesday, a week after the prime minister shelved plans to curb greenhouse gas emissions. Prime Minister Kevin Rudd’s policy shift apparently damaged his credibility on tackling climate change, which could cost his […]

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  • Norway Delays Carbon Capture And Storage Project

    • Date: 03/05/10

    Norway said it would delay the decision to finance a top carbon capture project to 2014, after the life of the present parliament, in a major setback for a technology seen as key to mitigate climate change. Building a Carbon Capture and Storage (CCS) facility at Mongstad in western Norway was proving too complex to […]

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  • Carbon Tariffs Risk Trade War : EU Study

    • Date: 02/05/10

    The European Union (EU) is considering border tariffs on imports from more polluting countries, but an initial assessment shows such levies could spark trade wars, draft reports show. Two European Commission reports do not explicitly reject a push for border tariffs by France and Italy, but say they would be fiendishly complex to calculate, create […]

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  • Oil Spill May Kill Climate Bill’s Chances

    • Date: 01/05/10

    As the spilled oil in the Gulf of Mexico oozes it way toward Louisiana, Democrats are rapidly backing away from their prior support for new off-shore drilling as part of a compromise clean energy bill. Both the White House and Senate Majority Leader Harry Reid, D-Nev., said Friday they were re-examining the need for such […]

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  • Deutsche Bank Under Suspicion In Emissions-Trading Fraud

    • Date: 30/04/10

    Employees of Deutsche Bank, Germany’s largest bank, have come under suspicion of involvement in a scheme to avoid taxation on emissions trading, state prosecutors said Thursday. In nationwide raids on Wednesday, which included the headquarters of Deutsche Bank in Frankfurt, the country’s financial capital, and offices of energy giant RWE, some 230 premises were searched. […]

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  • Al Gore Laments Media Coverage Of Climate Debate

    • Date: 29/04/10

    Public perception is everything in today’s fast-paced media world and purveyors of the manmade climate change theory have been taking a beating on that front over the past year. Former Vice President Al Gore lamented the state of affairs in a blog posting yesterday saying the media had done a ‘bad job’. In recent years […]

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