Forget the climate! Britons scent U.S. bargains
November 26, 2007 08:09 AM - Reuters
LONDON (Reuters) - For British tourists heading to the Big Apple to take advantage of a weak dollar and stock up on bargains, the choice is clear: saving money comes before saving the planet.
With sterling hitting its highest levels against the dollar since 1981, British media are cranking up headlines on the number of people jetting to the United States to pick up bargain designer clothes and electrical goods.
"The weak dollar is certainly helping a few shoppers find their way to the U.S.," George Stinnes, head of investor relations at British Airways, said earlier this month when the company reported passenger numbers on routes to the Americas had jumped 7.4 percent in October from a year ago.
Chevron says evaluating options on Reliance Petrol
November 26, 2007 04:05 AM - Reuters
Chevron owns 5 percent in Reliance Petroleum and has an option to raise its holding to 29 percent.
EU to require biofuels cut emissions 10 pct
November 22, 2007 11:02 AM - Reuters
BRUSSELS (Reuters) - The European Commission will propose rules requiring biofuels used in the European Union to produce at least a 10 percent saving of greenhouse gas emissions compared to fossil fuels, an EU official said on Thursday.
Russia may ban river oil shipments after spill
November 21, 2007 12:17 PM - Reuters
ST PETERSBURG, Russia (Reuters) - Russia will limit oil products shipments by river in 2008 after a fuel oil spill from a river barge in the Kerch Strait this month caused damage estimated at $267 million, officials said on Wednesday.
Germany plans rise in biofuels blending
November 21, 2007 12:06 PM - Reuters
Presenting a joint biofuels strategy agreed between the government, the automobile industry, oil companies and the farming sector, Environment Minister Sigmar Gabriel said Germany planned to raise the level of biofuels blended into fossil diesel and gasoline to 10 percent from 5 percent now by 2010.
European car industry choking on emission rules
November 21, 2007 11:43 AM - Reuters
FRANKFURT (Reuters) - EU rules to cut CO2 emissions drew a range of views from industry figures at the Reuters Autos Summit, but all said it would be costly to a sector already hit by pricier raw materials, a strong euro and nervous consumers.
India and China sign deal to stabilize greenhouse gases
November 21, 2007 05:32 AM - Reuters
According to a copy of the final text obtained by Reuters, the 16 nations of the East Asia Summit "commit to the common goal of stabilizing atmospheric greenhouse gas concentrations in the long run, at a level that would prevent dangerous anthropogenic interference with the climate system."
China coal fire put out after more than 50 years
November 21, 2007 02:09 AM - Reuters
An underground coal fire in remote northwest China that has raged unchecked for more than 50 years has finally been put out, state media reported on Wednesday.
More than 12.43 million tonnes of coal had been consumed in the fire and an estimated 651 million tonnes saved at the Terak field in Urumqi, capital of Xinjiang autonomous region, the Coalfield Fire Fighting Project Office was quoted as saying.
MIT sees acceleration in US greenhouse emissions
November 20, 2007 09:02 AM - Massachusetts Institute of Technology
CAMBRIDGE, Mass.--U.S. greenhouse gas emissions could grow more quickly in the next 50 years than in the previous half-century, and technological change may cause increased emissions rather than control them, according to a new study by an MIT economist and his colleague.
What's more, technology itself cannot be relied on as the most efficient tool for reducing carbon dioxide (CO2) emissions or solving the global energy crisis, said Professor Emeritus Richard Eckaus of the MIT Department of Economics and his co-author, Ian Sue Wing, of Boston University.
Kyoto backers can exceed 2012 climate goals: U.N.
November 20, 2007 05:33 AM - Reuters
But it cautioned that emissions had risen since 2000 in many nations -- especially in former Soviet bloc countries where economies were picking up after the collapse of smokestack industries in the early 1990s.