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Climate Draft:Requires CO2 Cuts Of At Least 50% Vs 1990 By 50

Climate Draft:Requires CO2 Cuts Of At Least 50% Vs 1990 By '50

Παρ, 18 Δεκεμβρίου 2009 - 20:00

Deep cuts in greenhouse gas emissions of at least 50% by 2050 from 1990 levels are required according to science to keep the earth temperature increase below two degrees Celsius, says a draft text for an international agreement to limit climate change obtained by Dow Jones Newswires Friday.

Russia Accuses US Of Slowing Down START Nuclear Talks

Russia Accuses US Of Slowing Down START Nuclear Talks

Πεμ, 17 Δεκεμβρίου 2009 - 19:37

Russia Thursday accused the U.S. of slowing down talks on a new nuclear weapons disarmament treaty, after officials admitted the two sides could no longer sign the accord this year.

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

E.ON Ruhrgas AG, Germany's largest importer of natural gas, said Thursday it has pledged to open considerable gas import capacity to competition in a compromise reached with the European Commission, that could end an ongoing antitrust investigation over alleged market abuse against the company.

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

Πεμ, 17 Δεκεμβρίου 2009 - 19:35

Oil shipments from Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to fall by 120,000 barrels a day in the four weeks to Jan. 2, tanker tracker Oil Movements said Thursday.

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

Πεμ, 17 Δεκεμβρίου 2009 - 19:34

Cutting greenhouse gas emissions by 20% through carbon taxes and the auctioning of permits to emit greenhouse gases could raise massive revenues for the fight against climate change, OECD Secretary General Angel Gurria said Thursday.

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

Πεμ, 17 Δεκεμβρίου 2009 - 19:33

German utility E.ON AG (EOAN.XE) may reach its goal to halve its carbon dioxide emissions compared with 1990 levels ten years earlier if the Copenhagen climate change summit were to deliver a "strong result".

Hungary Sees Launch Of Power Exchange In July 2010

Hungary Sees Launch Of Power Exchange In July 2010

Πεμ, 17 Δεκεμβρίου 2009 - 15:36

BUDAPEST (Dow Jones)--The Hungarian power exchange could start operations in July 2010 after Hungarian electricity grid operator Mavir Zrt. and EPEX Spot SE., one of Europe's largest exchange service providers, signed a letter of intent to cooperate, the two parties said Thursday.

Turkish Agency: 43 Firms Apply For Grid Tenders - IHA

Turkish Agency: 43 Firms Apply For Grid Tenders - IHA

Πεμ, 17 Δεκεμβρίου 2009 - 15:35

ISTANBUL (Dow Jones)--Turkey's privatization agency OIB said Thursday that 43 firms have applied for the pre-qualification in the tender of four state-owned power distribution grids, the Ihlas News Agency, or IHA, reported.

Fluxys: Buys 10% Stake In UK-Belgium Gas Pipeline From E.ON

Fluxys: Buys 10% Stake In UK-Belgium Gas Pipeline From E.ON

Πεμ, 17 Δεκεμβρίου 2009 - 15:34

LONDON (Dow Jones)--Belgian gas network operator Fluxys SA (FLUX.BT) said Thursday it has bought a 10% stake in the Interconnector gas pipeline that links the U.K. and Belgium from Germany utility E.ON AG (EOAN.XE) for an undisclosed sum.

Exxon-XTO May Lead Way To Energy Independence

Exxon-XTO May Lead Way To Energy Independence

Πεμ, 17 Δεκεμβρίου 2009 - 15:33

NEW YORK (Dow Jones)--Exxon Mobil Corp.'s (XOM) decision to buy XTO Energy Inc. (XTO) shows it can do something that the government cannot: Help bring energy independence to the U.S.

OPEC Wont Change Quotas At Angola Meet - Qatar Oil Min

OPEC Won't Change Quotas At Angola Meet - Qatar Oil Min

Πεμ, 17 Δεκεμβρίου 2009 - 15:32

LONDON (Zawya Dow Jones)--The Organization of Petroleum Exporting Countries will agree to closely watch market conditions and improve compliance when they meet in Angola's capital Luanda Tuesday but they will not change their official quotas, Qatar's oil minister said Thursday.

German Cartel Office:Longer Gas Contracts Pose Competition Risk

German Cartel Office:Longer Gas Contracts Pose Competition Risk

Πεμ, 17 Δεκεμβρίου 2009 - 15:32

FRANKFURT (Dow Jones)--Germany's Federal Cartel Office said Thursday that long-term bookings of transport capacity at cross-border gas grid entry points pose a risk for competition and that individual companies could eventually find themselves subject to market abuse investigations