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  • July 2- BP has reached an $18.7 billion settlement of damages claims from the U.S. government and five states after the 2010 Gulf of Mexico oil spill. PAVEL MOLCHANOV, ANALYST AT RAYMOND JAMES:. "The total amount-- $18.7 billion-- obviously is a massive payout, but it's spread over 15 to 18 years, making it quite manageable from a cash flow standpoint.

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • NEW ORLEANS— BP and five Gulf states announced a record $18.7 billion record settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant's oil spill in 2010.. It would resolve the states' natural resources damage claims and settle economic claims involving state and local governments in...

  • BERLIN— The German government is scrapping plans for a levy on the most-polluting coal-fired power stations and will instead phase some of the plants out. The Economy Ministry said Thursday that 13 percent of Germany's total lignite-burning power plant capacity will be put into a reserve role and then phased out entirely after four years.

  • BERLIN, July 2- Germany has abandoned plans for a levy on coal-fired power plants but will reduce brown-coal power generation to safeguard its 2020 carbon-reduction targets, coalition leaders agreed on Thursday. The plans, which follow months of wrangling within Angela Merkel's government, were welcomed by industry but condemned by environmental groups...

  • Resolution Copper Mining says the mine will usher in a new era of prosperity for Arizona, bringing in the equivalent of roughly a $1 billion worth of revenue annually for about 60 years in a state still trying to emerge from the housing bust. And it will claim nearly 5- square miles on the edge of nearby Superior to store mining waste that can be toxic.

  • RICHMOND, Va.— Dominion Virginia Power on Wednesday suggested how it may transition to new ways of generating energy, citing the uncertainty of new U.S. environmental rules. In a letter submitted to the SCC, Dominion executive Robert M. Blue said the 2015 plan arrives amid "a period of change and uncertainty," due in large part to U.S. Environmental Protection Agency...

  • TOPEKA, Kan.— The largest electric utility in Kansas would refund $10 million to its customers and decrease future rates slightly under an agreement Wednesday to settle a complaint filed by state regulators with the federal government. Westar Energy Inc., based in Topeka, also would receive lower earnings from its transmission investments than it was...

  • Supreme Court ruling against a federal regulation aimed at cutting air pollution from power plants will limit growth for Cabot Corp and Calgon Carbon Corp, which make activated carbon used to curb mercury emissions. The tiny $80 million market for activated carbon could have shot up to $300 million- $350 million by 2017, analysts had said.

  • Environmentally friendly green bonds' growth spurt pauses Wednesday, 1 Jul 2015 | 10:45 AM ET

    NEW YORK, July 1- Issuance of green bonds for financing low-carbon transport and other environmentally friendly projects has flattened after tripling last year, with some companies seeing little price advantage and possibly higher costs from selling the debt. Deals for green bonds, including the first by issuers in India, totaled $18.22 billion in the six...

  • The 'unprecedented' drought that you don't know Wednesday, 1 Jul 2015 | 9:00 AM ET
    The Jaguari Jacarei river dam, part of the Cantareira System of dams, is shown in Joanopolis, Brazil.

    São Paulo is experiencing a water crisis so bad that experts say it could impact business internationally.

  • *China pledges to extend emissions trading to national scheme. BEIJING, July 1- Regulatory uncertainty and a lack of transparency have left trade on China's seven pilot carbon exchanges in the doldrums, which could undermine efforts to cut the nation's greenhouse gas emissions. China told the United Nations on Tuesday it would cap its emissions by 2030, and...

  • TOKYO— Toyota, Nissan and Honda are working together to get more fuel cell vehicles on roads in what they call Japan's big push toward "a hydrogen society." Only 23 have opened in Japan so far, with hundreds more being planned. Officials from Toyota Motor Corp., Nissan Motor Co. and Honda Motor Co. appeared together in a news conference in Tokyo Wednesday.

  • Airports commission recommends expanding Heathrow Wednesday, 1 Jul 2015 | 2:44 AM ET

    The commission decided that Heathrow presented a stronger case for the British economy than rival Gatwick. "Heathrow offers the kind of long-haul connectivity flights to emerging markets which are very important to the future of the British economy and expanding it would allow Heathrow to offers more of those flights," Commission chair Howard Davies told...

  • Jerry Brown to halt plans for months of hydraulic fracturing in the waters off Southern California, warning that it could lead to chemical pollution or an oil spill. State regulators this month approved nine permits for operator Thums Long Beach Co. for so-called fracking operations between August and December in Long Beach Harbor. Kevin Tougas, oil...

  • JUNEAU, Alaska— Royal Dutch Shell has secured another federal authorization as it pursues plans to drill exploration wells in the Arctic waters off the Alaska coast. "The closer the Shell rigs encroach upon the Chukchi Sea, the further away the Obama administration retreats from its promise to leave a strong climate legacy," Friends of the Earth's Marissa Knodel...

  • Erie Coke Corp. deemed compliant after improvements Tuesday, 30 Jun 2015 | 3:15 PM ET

    ERIE, Pa.— The Erie Coke Corp., after spending millions of dollars on pollution control improvements and fines, has satisfied environmental regulators who tried to shut it down. Court filings show Erie Coke is no longer obligated to operate under court-enforced settlements because pollution was successfully curtailed at the northwestern Pennsylvania...

  • WASHINGTON, June 30- The White House on Tuesday welcomed China's announced commitment to halt the rise in its greenhouse gas emissions and reduce the carbon intensity of its economy.

  • Appeals court: Former BP engineer should get new trial Tuesday, 30 Jun 2015 | 1:58 PM ET

    NEW ORLEANS— A former BP engineer is entitled to a new trial on an obstruction of justice charge stemming from an investigation of the 2010 Gulf of Mexico oil spill, a federal appeals court ruled Tuesday. The 5th U.S. Circuit Court of Appeals upheld a lower court ruling that granted Kurt Mix a new trial because of jury misconduct in his 2013 trial.

  • United Airlines says it is investing $30 million in a biofuels company to reduce its vulnerability to oil-price shocks and limits on carbon emissions from planes. United officials said Tuesday that they expect to begin receiving fuel from Fulcrum BioEnergy Inc. in 2018 and could be taking 90 million gallons a year by 2021.. United officials declined to...