• Groups seek to stop relicensing of nuclear plants

    HOUSTON (Reuters) - A coalition of East Coast environmental and anti-nuclear groups filed a petition with U.S. regulators on Thursday to suspend all pending relicensing efforts by nuclear reactors in the United States. A coalition called Stop the Relicensing of Oyster Creek joined with Riverkeeper to petition the Nuclear Regulatory Commission to suspend the license renewal process "until objective and independent analysis" is used, the groups said in a release. >> Read the Full Article
  • British nuclear power consultation flawed: report

    LONDON (Reuters) - The British government's public consultation last year on the need for new nuclear power plants to tackle climate change and bridge the looming energy gap was flawed and misleading, a group of academics said on Friday. The government, which has said repeatedly new nuclear power stations are needed, was forced by a legal ruling last February to undertake the consultation which ended in October. >> Read the Full Article
  • Sugarcane ethanol: Brazil's biofuel success

    Thirty years ago, when one litre of ethanol was worth three times more than one litre of gasoline, most nations would not have considered investing in it as a biofuel. But Brazil took this path, and now produces the cheapest ethanol in the world. Brazil's favorable conditions and tradition for culturing sugarcane — the most efficient raw material for the production of ethanol — were essential for developing the sector. >> Read the Full Article
  • First UK coal plant in 30 years clears hurdle

    A local government authority has recommended central government approve its proposal, E.ON said.

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  • Tokyo seen eyeing China's carbon credits

    Japan is planning to buy up carbon credits yielded by its investments in emissions-cutting projects in China, a newspaper said on Thursday. The two governments agreed the deal on Wednesday and will formally sign it when President Hu Jintao visits Japan, probably in late March, the Yomiuri Shimbun said. >> Read the Full Article
  • MMS to hold oil lease sale in Alaska's Chukchi Sea

    ANCHORAGE, Alaska (Reuters) - The U.S. Minerals Management Service said Wednesday it will offer oil and gas exploration rights next month to 29.7 million acres in the remote Chukchi Sea off northwestern Alaska. The decision to hold the February 6 lease sale, the first in the Chukchi since 1991, comes days before the U.S. Fish and Wildlife Service will decide whether to list the polar bear as threatened and has drawn fire from environmentalists seeking to limit oil development in the area. >> Read the Full Article
  • Oil hits record $100

    NEW YORK (Reuters) - Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. U.S. crude gained $4.02 to $100 a barrel by 12:13 p.m. EST. London Brent crude rose $3.63 to $97.48. "It is a combination of things... a weaker dollar -- on expectations of further interest rate cuts -- and Nigeria," said Nauman Barakat of Macquarie Futures USA. >> Read the Full Article
  • UK seen giving green light to new nuclear plants

    LONDON (Reuters) - Britain is expected to give the go-ahead to a new generation of nuclear power stations next week, sparking a frenzy of deal-making by nuclear firms as well as a fresh challenge from environmental campaigners. "I don't think the government has any other option," said analyst David Cunningham at Arbuthnot Securities. "It's a necessary evil." >> Read the Full Article
  • India to provide subsidy for solar power plants

    India will subsidize the running of solar power plants to help develop a renewable energy infrastructure, where high costs can be prohibitive, the minister for renewable energy said on Wednesday. Renewable energy accounts for about 7.5 percent of India's installed generation capacity of 127,673 MW, a rate that compares favorably with much of the rest of the world. >> Read the Full Article
  • Cyclone veers away from Australia's northwest coast

    SYDNEY (Reuters) - Oil companies have begun to resume production in Australia's remote northwest coast after government meteorologists on Sunday cancelled a cyclone warning for category two tropical cyclone Melanie. The bureau cancelled cyclone warnings along the coast as Melanie, packing winds of up to 150 kph (94 mph), was moving away from the coast and was expected to remain offshore, it said on its Web site (www.bom.gov.au). >> Read the Full Article