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  • NEWARK, N.J.— New Jersey announced a $225 million settlement with Exxon Mobil on Thursday that state officials said is the largest environmental settlement against a corporate defendant in state history— though it has been criticized by Democratic lawmakers who say it is for a mere fraction of the nearly $9 billion initially sought. Acting Attorney General...

  • March 5- New Jersey officials said on Thursday that ExxonMobil had agreed to pay $225 million to the state to settle a long-standing lawsuit over environmental damage from its refinery operations and service stations through the state.

  • Chile eyes new push on a glacier protection law Thursday, 5 Mar 2015 | 11:13 AM ET

    SANTIAGO, March 5- The Chilean government and congressional lawmakers agreed this week to work together to try to pass legislation to protect the country's glaciers, a move that could hinder development of mining projects in the world's No. 1 copper exporter. Most glaciers in South America are already receding due to higher temperatures linked to global...

  • Maine fishermen set record $585M haul in 2014 Thursday, 5 Mar 2015 | 11:08 AM ET

    ROCKPORT, Maine— Maine's fishermen hauled in a huge catch worth a state record $585 million last year, buoyed by an unprecedented surge in the value of the state's beloved lobsters. Maine accounts for more than 80 percent of all U.S. lobster, and fishermen and regulators said 2014 was an especially lucrative year for the New England staple. Maine's pollock, oysters...

  • CECO misses 4Q profit forecasts Thursday, 5 Mar 2015 | 9:06 AM ET

    CINCINNATI _ CECO Environmental Corp. on Thursday reported fourth-quarter earnings of $1.9 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. Three analysts surveyed by Zacks expected $75.9 million.

  • NEW YORK, March 5- St. Paul- based 3 M Co, one of the world's largest manufacturers and the maker of Post-it notes, will take new steps to ensure that its suppliers of paper, pulp and packaging provide materials that come from sustainably logged timber. The new paper-sourcing policy, aimed at preventing the destruction of forests, comes after pressure on 3 M from...

  • CAPE TOWN, March 5- South Africa's hopes of becoming one of the world's top renewable energy hubs are dimming due to poor infrastructure and delays as cash-strapped state utility Eskom is distracted by a scramble to keep the lights on. Upgraded technology and lower costs have enhanced the appeal of clean energy in Africa, as firms such as Enel Green Power and E.ON...

  • *China targets "zero-growth" for coal in key areas- Premier Li. *China to reduce its energy intensity by 3.1 pct in 2015. BEIJING, March 5- China will boost efforts this year to rid itself of a strong addiction to coal in a bid to reduce damaging pollution as well as cut the energy intensity of its economy, which is expected to grow at its lowest rate in 25 years.

  • SHANGHAI, March 5- China stocks sagged in thin trading on Thursday, with investors dumping blue chip shares such as banks and real estate firms on worries about the slowing economy. Premier Li Keqiang told the National People's Congress at the opening of the annual parliamentary meeting that China would target growth this year of around 7 percent, signalling...

  • China's capital market integration chugs along  Wednesday, 4 Mar 2015 | 8:17 PM ET

    Regardless of the results of the Shanghai-HK stock connect, a similar link-up in Shenzehn will materialize if it matches China's aim to integrate its capital markets, says Helen Zhu, head of China Equities at BlackRock.

  • China lowers growth target, promises to open industries Wednesday, 4 Mar 2015 | 7:12 PM ET

    BEIJING— China announced a lower economic growth target for this year and promised to open more industries to foreign investors as it tries to make its slowing, state-dominated economy more productive. The growth target of about 7 percent, down from last year's 7.5 percent, is in line with efforts to create a "moderately prosperous society," said Premier Li...

  • ELIZABETH, N.J.— Democratic lawmakers and environmentalists have assailed a proposed court settlement of about $250 million between Republican Gov. Chris Christie's administration and Exxon Mobil in an oil and chemical contamination case in which the state originally sought nearly $9 billion. The contamination case stretches back to 2004, when the state...

  • WASHINGTON, March 4- The U.S. Senate failed on Wednesday to override President Barack Obama's veto of legislation approving the Keystone XL oil pipeline, leaving the controversial project to await an administration decision on whether to permit or deny it. The Senate mustered just 62 votes in favor of overriding the veto, short of the two-thirds needed.

  • SAN FRANCISCO, March 4- Environmentalists in California filed a lawsuit on Wednesday against Contra Costa County over its approval last month of a plan to increase propane recovery at Phillips 66' s Rodeo refinery, saying the environmental review did not take into account the broader impact of the project. In early February, the Contra Costa Board of...

  • NEW YORK— A U.S. senator is requesting that three federal agencies investigate Lumber Liquidators following a "60 Minutes" report that said the company's laminate flooring made in China may not meet California's health and safety standards. The "60 Minutes" report, which aired Sunday on CBS, said that Lumber Liquidators' laminate flooring made in China contains...

  • NEW YORK— Leonardo DiCaprio is partnering with Netflix for a series of documentaries he will produce for the streaming service. Netflix announced Wednesday that DiCaprio and his production company, Appian Way, have signed a first-look deal with Netflix for nonfiction projects. The company says DiCaprio and Netflix will seek to develop and acquire...

  • WASHINGTON— The Senate's top Republican is telling states to ignore a central part of President Barack Obama's plans to curb the pollution blamed for global warming. "Refusing to go along at this time with such an extreme proposed regulation would give the courts time to figure out if it is even legal, and it would give Congress more time to fight back.

  • FRESNO, Calif.— A dozen wells used to pump oil and gas in California's Central Valley have been ordered to stop production to protect underground drinking water from contamination, officials said Tuesday. The operators of 10 oil wells in Kern County voluntarily stopped production, while two were issued cease-and-desist orders, said Steven Bohlen, head of oil,...

  • ALBANY, N.Y.— Agriculture contributed an estimated $37.6 billion to New York's economy by 2012, an increase of more than 22 percent over the previous five years, but the number of farms declined slightly, according to the state comptroller. "It makes economic sense for the state to retain and promote our farms to feed our residents and preserve our land,"...

  • BRUSSELS— The European Union's environment body says the 28 member states need to do more to meet long-term environmental goals, including targets for greenhouse gas emissions. The European Environment Agency said in its five-yearly report released Tuesday that the EU's level of ambition "may be inadequate to achieve Europe's long-term environmental...