×

Weather Environment

  • LAUNCESTON, Australia, Oct 18- It would be easy to dismiss the Australian government's discarding of a renewable energy target as a Donald Trump- like attempt to cling on to polluting fossil fuels in the face of the rise of cleaner alternatives. Certainly, the decision by the centre-right Liberal Party federal government to end subsidies for renewable energy...

  • LONDON, Oct 18- BP is focusing on smaller investments in renewable energy to avoid large losses in the sector like those it suffered earlier in the decade, Chief Executive Bob Dudley said on Wednesday. BP and peers including Royal Dutch Shell and Total have recognised the need to reduce carbon emissions in the fight against global warming. BP made a number of large...

  • Oct 18- The U.S. Securities and Exchange Commission has charged mining company Rio Tinto and two of its former top executives with inflating the value of coal assets in Mozambique and concealing critical information while tapping the market for billions of dollars. The FCA also said on Tuesday it had reached a settlement with Rio Tinto under which the company...

  • Opening a critical Communist Party congress, Xi pledged to build a "modern socialist country" for a "new era" that will be proudly Chinese and steadfastly ruled by the party but open to the world. Although his wide-ranging address made clear there were no plans for political reform, Xi said China's development had entered a "new era", using the phrase 36 times in a...

  • Xi's wide-ranging address laid out a confident vision for a more prosperous China and its place in the international community, stressing the importance of wiping out corruption and curbing industrial overcapacity, income inequality and pollution. He made clear there were no plans for political reform, but said China's development had entered a "new era", a...

  • Hywind Scotland, the world's first floating wind farm, has started to send electricity to the Scottish grid.

  • LONDON, Oct 17- "The resiliency of the nation's electric grid is threatened by the premature retirements of power plants that can withstand major fuel supply disruptions caused by natural or man-made disasters," the U.S. Department of Energy warned last week. "Fuel-secure resources are indispensable for the reliability and resiliency of our electric grid," the...

  • SYDNEY, Oct 18- Fiji will issue a $50 million "green" bond in coming weeks to help combat the effects of global climate change, the first developing country to do so, its prime minister said on Wednesday. The bond will be the first to earmark the cash raised to address the issue, according to the World Bank. They will pay coupons of 4 percent and 6.3 percent, respectively,...

  • *China steel mills, traders adopting fixed-price deals. MANILA/ SHANGHAI, Oct 18- China's steel mills and traders are embracing more sophisticated ways to sell metal and buy raw materials to protect their bumper profits amid rising price volatility. Prices climbed on supply worries as China has shuttered steel mills for not complying with environmental rules.

  • China needs to balance reform with clean air

    Conrad Saldanha, senior portfolio manager for emerging market equities at Neuberger Berman, speaks about the Chinese economy.

  • LAUNCESTON, Australia, Oct 18- It would be easy to dismiss the Australian government's discarding of a renewable energy target as a Donald Trump- like attempt to cling on to polluting fossil fuels in the face of the rise of cleaner alternatives. Certainly, the decision by the centre-right Liberal Party federal government to end subsidies for renewable energy...

  • WASHINGTON, Oct 17- U.S. Senate Democrats vowed on Tuesday to fight a measure expected to be slipped into budget legislation that would open Alaska's Arctic National Wildlife Reserve to oil and gas drilling, saying it would destroy one of earth's remaining paradises. A plan passed by the Senate budget committee late last month contains a directive for the...

  • NEW YORK, Oct 17- Jewel's rise in the music world from the Alaska frontier to first-name-only star is almost unbelievable: Girl endures an abusive environment, becomes homeless- and then not only survives, but reaches the pinnacle of her profession. Q: Who was passing along life lessons back in Alaska? In Alaska you are often parented by nature.

  • WASHINGTON— A Republican senator said Tuesday he may seek to block President Donald Trump's nominees for key posts at the Environmental Protection Agency unless the administration backs off a proposed reduction in the volume of biofuels blended into gasoline and diesel. Chuck Grassley of Iowa said he plans to speak with EPA Administrator Scott Pruitt...

  • MINNEAPOLIS— A Minnesota judge has taken the unusual step of allowing four protesters to use a "necessity defense," enabling them to present evidence that the threat of climate change from Canadian tar sands crude is so imminent that they were justified in trying to shut down two Enbridge Energy oil pipelines last year. Emily Johnston and Annette Klapstein...

  • The Trump administration and congressional Republicans are pushing the drilling plan, a longtime GOP goal, as a way to help pay for proposed tax cuts promised by President Donald Trump. The drilling plan is included in a GOP budget proposal for the current fiscal year and is expected to generate an estimated $1 billion over 10 years. Maria Cantwell of Washington...

  • LONDON, Oct 17- "The resiliency of the nation's electric grid is threatened by the premature retirements of power plants that can withstand major fuel supply disruptions caused by natural or man-made disasters," the U.S. Department of Energy warned last week. "Fuel-secure resources are indispensable for the reliability and resiliency of our electric grid," the...

  • BEIJING— Volvo Cars' performance electric car brand, Polestar, unveiled a four-seat coupe in lightweight carbon fiber as its first model Tuesday, adding to competition in a market dominated until now by Tesla. It is due to be produced at a factory in western China and released in 2019.. Volvo, owned since 2010 by Chinese automaker Geely Holding, announced in July...

  • GUANGZHOU, China, Oct 17- Chinese exporters at the country's biggest trade fair are more optimistic about global demand now than six months ago but Beijing's crackdown on pollution is ramping up costs and product prices, hurting smaller factories and foreign buyers. In a survey of 102 exporters at the Guangzhou- based trade fair, 77 percent of the mostly small- to...

  • SYDNEY, Oct 17- London copper slipped from three-year highs on Tuesday as a stronger dollar encouraged profit-taking, but renewed optimism over China's economic outlook supported prices. Metals prices could find more support if China's National Party Congress this week unveils polices that extend the country's industry reform to protect the environment,...