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By Peter Griffiths LONDON | Tue Jul 27, 2010 2:09pm EDT LONDON (Reuters) – Britain may need to double its electricity supply and virtually eliminate emissions from power stations by 2050 if it is to meet legally binding climate change targets, the government said on Tuesday. Announcing the coalition’s first annual energy statement setting out its policy, Energy Secretary Chris Huhne said the “era of cheap, abundant energy is over,” and the world must switch to alternative power sources.
By Daniel Fineren LONDON | Tue Jul 27, 2010 2:04pm EDT LONDON (Reuters) – Support for energy production using biomass will be guaranteed under Britain’s Renewables Obligation (RO) for the next 20 years, the new government said on Tuesday, driving up share prices of companies set to benefit. Companies hoping to burn organic matter — from waste to wood chips — to produce energy with less carbon emissions, have long called for long-term support under the renewables obligation certificate (ROC) scheme, which has been the main driving force for green technologies in Britain to date. “Today’s announcement will come as a great relief ..
LONDON — Chief executive Tony Hayward’s departure from spill-plagued BP appears imminent, British media reported. While a company spokesman told Reuters Saturday that Hayward still has the full backing of BP’s board, industry insiders said Hayward may announce his departure by Tuesday, when the oil giant releases its six-months earnings report
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LONDON | Thu Jul 15, 2010 2:13pm EDT LONDON (Reuters) – UK-based carbon offsetter Camco International Ltd. has trimmed by 6 percent the number of Kyoto carbon offsets its clean energy project portfolio expects to get by 2012, the company said on Thursday
LONDON | Wed Jul 14, 2010 1:49pm EDT LONDON (Reuters) – European Union governments on Wednesday unanimously agreed detailed rules for auctioning carbon permits in the third phase of the bloc’s Emissions Trading Scheme from 2013, the EU executive said in a statement.
By Kristen Hays HOUSTON | Tue Jul 13, 2010 6:05pm EDT HOUSTON (Reuters) – BP Plc prepared on Tuesday to test a new cap on its runaway well in an effort to finally arrest the flow of oil gushing into the Gulf of Mexico for the last 12 weeks. The tests, due to last between six and 48 hours, will begin later on Tuesday on BP’s newly installed “capping stack”, which has a better seal than the last cap placed on the well and aims to stop oil from spewing out of the failed blowout preventer.
By Michael Szabo LONDON | Fri Jul 9, 2010 9:45am EDT LONDON (Reuters) – Greenhouse gas emissions from heavy industry currently regulated under the European Union’s Emissions Trading Scheme will be capped at 1,926,876,368 tonnes of carbon dioxide in 2013, the EU Commission said on Friday.
By Kristen Hays and Chris Baltimore HOUSTON | Sun Jul 11, 2010 10:31pm EDT HOUSTON (Reuters) – BP Plc said on Sunday it is making progress on a new system to capture almost all the oil spewing from its blown-out well in the Gulf of Mexico and a relief well could finally plug the leak by early to mid-August. “We’re pleased with our progress,” BP senior vice president Kent Wells told reporters on a conference call. It will take up to a week for robots working 1 mile underwater to completely fit a new cap and seal