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Norwegian government study raises investment risk fears over Arctic drilling

2013-08-09 11:16:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The development of oil and gas fields in the Arctic is unlikely to prove compatible with global efforts to tackle climate change, according to the latest major report to raise concerns over the formation of a 'carbon bubble'. The study, commissioned by the Norwegian Ministry of the Environment and undertaken by consultancy Rystad Energy, assessed the risk of the country's oil and gas industry being left with stranded assets as governments attempt to meet the global goal of restricting average...

Tags: study government risk investment

 

VIDEO: Tepco to get more government help

2013-08-08 03:47:03| BBC News | Business | UK Edition

The Japanese government will provide more help to Tepco, the company that owns the Fukushima nuclear plant that was crippled by the 2011's earthquake and tsunami.

Tags: help video government tepco

 
 

Japan government: Fukushima plant leaking 300 tons/day of contaminated water into sea

2013-08-07 09:20:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A Japanese government official said an estimated 300 tonnes of contaminated water is leaking into the ocean each day from the crippled Fukushima nuclear plant, after Prime Minister Shinzo Abe pledged on Wednesday to step up government efforts to stem radioactive water leakage. Abe ordered the Minister of Economy, Trade and Industry to urgently deal with the water situation and ensure the plant's operator, Tokyo Electric Power Co, takes appropriate action to deal with the cleanup, which is expected...

Tags: japan water government sea

 

VIDEO: US government sues Bank of America

2013-08-07 07:51:34| BBC News | Business | UK Edition

The US government filed two lawsuits against Bank of America relating to fraud on $850m (553m) of mortgage-backed securities.

Tags: video america government bank

 

Japan PM orders proactive government role to clean up Fukushima

2013-08-07 07:46:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Japanese Prime Minister Shinzo Abe told the industry ministry on Wednesday to take appropriate measures to tackle the "urgent issue" of radioactive water building up at the crippled Fukushima nuclear plant. The Ministry of Economy, Trade and Industry needed to be more proactive role in dealing with the problems at Tokyo Electric Power Co's Fukushima Daiichi plant, Abe told reporters after attending a meeting of the government's task force on the nuclear disaster. He stopped short of committing...

Tags: up japan government role

 

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