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Bushfire Response: Disaster Spending in Australia Faces Overhaul Amid Calls Climate Action
2015-01-05 06:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The federal government has signalled it wants to reduce spending on natural disaster recovery and shift its focus to reducing the risks before an event strikes. The Greens renewed their calls for the government to take strong action against climate change while fire crews worked to contain blazes in South Australia and Victoria on Sunday. The justice minister, Michael Keenan, did not directly respond to the climate change criticism, but said the government would speak to state and territory...
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China Southern pair fired amid probe over crimes
2014-12-31 01:24:48| Airlines - Topix.net
China Southern Airlines is based in Guangzhou in Guangdong Province in southern China. It's the world's fifth-largest airline measured by passengers carried, and Asia's largest airline in terms of both fleet size and passengers carried.
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Civeo cuts jobs amid oil slump
2014-12-30 15:56:48| Oil & Gas - Topix.net
Civeo Corp , which provides temporary housing for oilfield workers and miners, slashed its workforce on Monday and said revenue could fall by a third as slumping crude prices force oil producers to cut costs The warning adds jitters to the already-wary global oil market and highlights weakness in Australia's coal industry, one of Civeo's biggest markets which has been battered by low global demand for steel. Civeo suspended its quarterly dividend and said it has reduced its workforce in the United States, its smallest market, by 45 percent, and in Canada, its second-biggest market, by 30 percent.
India Refiners Boom Amid Oil Bust as Investors Eye Risks
2014-12-29 01:28:52| Oil & Gas - Topix.net
Oil's slump has almost doubled the value of India 's big, state-owned refiners, outpacing the rest of the industry from China to the U.S. The companies had been forced to make a large proportion of sales at below cost for over a decade. Now, they can profit from fuels after India's new government saw its opportunity in falling oil prices to deregulate the market without bothering its inflation targets.
Revisiting Our Price Estimates For Large Independents Amid Lower Crude Prices
2014-12-27 05:57:41| Chemicals - Topix.net
We recently revisited our price estimates for the large independent oil and gas companies we cover to account for the change in our long-term forecast for crude oil prices. We now believe that the recent decline in oil prices could sustain for a longer period amid a slower demand growth scenario and the weakened price controlling power of OPEC .
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