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UN climate chief slams fossil fuel investments, outlines steps Paris deal

2015-05-15 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: On the heels of President Obama's controversial decision to greenlight renewed oil drilling in the Arctic, the United Nations' top climate change official yesterday declared that fossil fuels have become an unwise investment. Christiana Figueres, who leads the U.N. Framework Convention on Climate Change, avoided commenting directly on the White House move allowing Royal Dutch Shell to begin exploratory drilling in the Chukchi Sea. But she noted that oil and gas reserves must stay underground and...

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VIDEO: Why Nigerians are queuing for fuel

2015-05-15 12:34:17| BBC News | Business | UK Edition

Right across Nigeria people are struggling with a fuel shortage that is causing major disruption.

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Singapore Airlines books big fuel hedging loss, downbeat on outlook

2015-05-14 16:37:14| Airlines - Topix.net

May 14 Singapore Airlines Ltd on Thursday reported a full-year fuel hedging loss of S$549 million as a result of falling oil prices and also highlighted fierce competition and soft demand on its key routes. Singapore's flag carrier reported a 58 percent rise in operating profit to S$409.4 million in the year ending March, supported by lower fuel costs.

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European Commission Drops Demand to Slash Fossil Fuel Subsidies

2015-05-14 14:39:00| Climate Ark Climate Change & Global Warming Newsfeed

Inside Climate: The European Commission removed calls to end subsides for fossil fuels in its yearly audit of 26 economies on Wednesday, raising questions over its commitment to addressing climate change. Last year, the EUs executive arm told Italy to remove environmentally harmful subsidies and ordered France and Belgium to phase out grants in their extracting of coal, oil and gas. Eight countries were urged to start taxing pollution, and 17 to boost renewables, electric grids and energy efficiency. But...

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Delta Passes Fuel Savings To Investors Vs. Passengers

2015-05-14 05:21:45| Apparel - Topix.net

The carrier said it raised its quarterly dividend to 13.5 cents per share, up from 9 cents per share earlier. Delta also announced a new $5 billion share buyback program and said it was ahead of schedule in competing the last $725 million from its previous $2 billion buyback program.

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