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George Osborne unveils 'most generous tax breaks in world' for fracking
2013-07-19 01:16:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: George Osborne has infuriated environmentalists by announcing big tax breaks for the fracking industry in a bid to kickstart a shale gas revolution that could enhance Britain's energy security but also increase its carbon emissions. The Treasury has set a 30% tax rate for onshore shale gas production. That compares with a top rate of 62% on new North Sea oil operations and up to 81% for older offshore fields. So far, no shale gas has been produced in Britain, but exploratory drilling is under...
Developer can't recover World Trade Center damages from airlines
2013-07-18 23:55:26| Airlines - Topix.net
Developer Larry Silverstein cannot recover billions of dollars from airlines over the September 11, 2011, destruction of the World Trade Center in New York because insurers have already compensated his company, a federal judge ruled on Thursday.
Tags: world
center
trade
developer
The World Banks False Promises of Clean Energy
2013-07-18 18:30:00| Climate Ark Climate Change & Global Warming Newsfeed
EcoWatch: After releasing the report Turn Down the Heat: Climate Extremes, Regional Impacts, and the Case for Resilience last month, the World Bank called for bold action from countries worldwide to adopt strict regulations and aggressive targets to cut greenhouse gas emissions in order to avoid serious increases in global temperature. Following the report, the World Bank President, Dr. Jim Yong Kim, pledged that the bank would step up its climate efforts as it looks at its own business through a climate...
Tags: world
energy
clean
false
Perfect World Co Ltd Upgraded by Citigroup Inc. to "Buy"
2013-07-18 18:11:26| Jewelry - Topix.net
Citigroup Inc. has also taken action a number of other information technology stocks recently.
World Bank joins war on coal
2013-07-18 17:28:00| Climate Ark Climate Change & Global Warming Newsfeed
Grist: There`s a new ally in the fight against the dirtiest of fossil fuels. The World Bank`s board of directors approved a strategy shift this week that will move the lending body formally away from its longstanding support of coal-fired power plants in favor of cleaner and smarter alternatives. Following the adoption Tuesday of its Energy Sector Directions Paper [PDF], the World Bank will "provide financial support for greenfield coal power generation projects only in rare circumstances," such as...
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war
bank
world war
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