The EU should cut the amount of carbon credits governments can import from developing countries during any future 2013-2020 commitment period to encourage emission reductions at home, a rapporteur to the European Parliament's environment committee has urged.
Japan aims to cut its greenhouse gas emissions by between 60 and 80 per cent by 2050 from current levels in a bid to combat global warming, Japanese media reported on Sunday.
Concerns over thinning supply of UN carbon credits is pushing certified emission reduction (CER) prices higher and sparking a flurry of buying activity, according to traders in the European carbon market.
Endesa's electricity production figures for Spain and Portugal included in the company's first quarter results issued today indicate an appreciable rise in emissions compared to the first quarter of 2007, as gas-fired generation rose to mitigate a sharp fall in
Strengthening forward gas prices pushed European carbon prices as much as €0.55 higher in morning trading before settling back to €25.55 by midday for the 2008 EUA contract.
Power utility, Uganda Electricity Transmission Company Limited (UETCL) has applied to the Uganda Communications Commission (UCC) for a public infrastructure provider (PIP) licence.
Former President Olusegun Obasanjo, in his first public reaction to spate of allegations of corruption and probes of his administration, stated last night that he acted above board in his eight years as President between 1999 and 2007.
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Exxon Mobil, Mol and Falcon Oil & Gas, partners in Hungarian natural gas fields in Mako Trough, are likely to export natural gas from Hungary to Serbia and Austria and begin domestic supplies in 2012 when full production is expected
AES, which is engaged in the generation and distribution of electricity, has reported net income of $233 million, or $0.34 per share, for the first quarter of 2008, compared to a net loss of $461 million, or $0.68 loss per
EDF Energy has been acquiring farmland around two nuclear sites, Wylfa on the island of Anglesey in north Wales, and Hinkley Point in southern England, in order to be able to develop its own atomic power stations if its attempts
Atmos Energy, which is engaged in natural gas distribution, transmission and storage businesses, has appointed Michael Haefner as senior vice president of human resources to succeed Wynn McGregor, upon his retirement on October 1, 2008.
Origin Energy, the oil and gas exploration and production company, has doubled its targeted new gas resources in Queensland for 2008 and has hinted that the BG Group has to hike its acquisition bid from the current $12.2 billion to
UniSource Energy Corporation has reported a net loss of $3 million, or $0.07 per diluted share of common stock, for the first quarter of 2008, compared to earnings of $5 million, or $0.14 per diluted share, for the same period
Despite plans by Chevron to sell 60 per cent equity shareholding in Texaco Nigeria to foreign oil conglomerates, three Nigerian oil firms, AP, Sahara Energy and MRS Oil and Gas Company, are pushing ahead strongly to buy the stake, after
President Umaru Musa Yar'Adua has called on the youths of Niger Delta to give peace a chance as peace is the only condition for fast tracking the development of the oil bearing region.
More lawmakers from the South-west have continued to fault the House of Representatives, for summoning former president Olusegiun Obasanjo, to explain his role in the $16 billion spent on power without commensurate results.
