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BHP braces for Brazil dam lawsuit

2015-11-29 14:54:09| BBC News | Business | UK Edition

Mining giant BHP is bracing for a $5.2bn lawsuit from Brazil's government over the devastating collapse at the Samarco mine.

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Shipping braces for pollution tax after Paris talks

2015-11-02 15:08:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The shipping industry expects to be stung by a carbon levy as momentum building from climate talks in Paris starting this month makes a cut to its greenhouse gas emissions likely. Any tax - either a levy based on fuel use by diesel-driven ships or a market based mechanism - would add to rising costs for the industry, which transports 90 percent of world trade. A draft Paris text makes scant mention of reducing CO2 from marine bunker fuels. Yet ship industry sources say some form of taxation...

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Germany braces for loss of revenue in VW scandal

2015-10-25 09:52:46| Automakers - Topix.net

The towns that became synonymous with Volkswagen AG's rise to the pinnacle of the auto industry are feeling the pinch of the diesel-emissions scandal, freezing spending on projects such as playgrounds amid the carmaker's abrupt fall from grace.

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Houston braces for floods as Texas deluged by rain in Patricia's wake

2015-10-25 02:54:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Heavy rains fueled by the meeting of two storm systems, one the remnants of Hurricane Patricia, pounded southeastern Texas, triggering flash floods and derailing a freight train as the heavy weather descended upon Houston early on Sunday. The National Weather Service predicted 6 to 12 inches (15 to 30 cm) of rain for coastal areas, including southwest Louisiana, by Monday morning, exacerbated by tides up to five feet (1.5 meter) and wind gusts up to 35 mph. The rain systems were intensified by...

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