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Fossil Fuel Subsidies to Hit $5.3T in 2015, Says IMF Study
2015-05-19 14:46:00| Climate Ark Climate Change & Global Warming Newsfeed
RTCC: Subsidies for fossil fuels that cause climate change have soared since 2013, a new study from the International Monetary Fund has revealed. Oil, gas and coal costs will be subsidised to the tune of US$5.3 trillion a year in 2015. The last time the IMF ran the data it calculated they were worth $1.9 trillion. Economists say the latest figures are more accurate as they represent the true cost of energy, which includes the environmental, health and climate impacts of burning fossil fuels. Over...
OMV warns on Libya, Yemen as profit hit by oil slump
2015-05-19 11:41:31| Oil & Gas - Topix.net
Austrian energy group OMV said on May 18 it was unlikely to resume production in war-torn Libya or Yemen before winter, after headline profit fell by half as low oil prices weighed on its upstream business. It also said overcapacity in Europe would drive an improved refining margin down again.
Don Draper's fate is finally revealed as curtain falls on hit show after eight years
2015-05-19 09:55:52| Beverages - Topix.net
Nine dead in clash between biker gangs at Waco 'breastaurant': Shoot-out leaves bodies strewn across parking lot as police warn more Bandidos and Cossacks are descending for all-out war Extreme athlete Dean Potter and friend die in wingsuit BASE jumps off 7,500ft Yosemite rock as it's revealed their parachutes were not deployed Mexico rocked by murder of six-year-old boy who was tied up, stoned and stabbed by his FRIENDS during 'game of kidnap' Power couple Jay Z and Beyonce wired tens of thousands in bail money to cover protesters in Baltimore and Ferguson, claims writer who worked on rap mogul's memoir Tragedy as mother-of-three falls 150 feet to her death while posing for a picture with her husband and one of their daughters on family hike 'Build real relationships, eat with people you disagree with': Biden tells Yale seniors to find life's 'sweet spot' by connecting with the world ... (more)
Global energy subsidies to hit $5.3 tn this year: IMF
2015-05-18 21:45:00| Climate Ark Climate Change & Global Warming Newsfeed
Agence France-Presse: The International Monetary Fund voiced alarm Monday about energy subsidies across the world, saying they were expected to reach $5.3 trillion in 2015, more than government health spending. "These estimates are shocking," the IMF said in a report, noting the figures were among the largest negative factors for economic growth it had ever estimated, piling up adverse effects on efficiency, growth and inequality. The report estimated that this year's energy subsidies represent 6.5 percent of the...
Bury firm set to ensure football fans can well and truly hit the net
2015-05-18 20:04:03| Wireless - Topix.net
Football supporters will be able to spread the news about their new stadium far and wide thanks to a Bury firm. FC United of Manchester, who used to play at Gigg Lane in Bury, are set to move into their own 5,000-capacity stadium this month in Moston and Chesham-based Pennine Telecom has installed Wi-Fi, which fans will be able to use for free on their mobile phones.
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