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2009 Trade On Global CO2 Markets +80% On Year At 8.7 Bln Tons

2009 Trade On Global CO2 Markets +80% On Year At 8.7 Bln Tons

Trade on global carbon markets in 2009 rose 80% compared with the previous year to 8.7 billion metric tons, driven mostly by the European Union cap-and-trade market, according to a report from TheCityUK.

EU Proposes Tighter Rules For State Aid To Coal Mines

EU Proposes Tighter Rules For State Aid To Coal Mines

The European Commission Tuesday proposed to end most government aid for coal mines in the European Union. The proposal would limit government aid to mines that are in the process of shutting down, commission spokesman Jonathan Todd said.

China Says IEA Data On Its Energy Use Is Inaccurate

China Says IEA Data On Its Energy Use Is Inaccurate

Data from the International Energy Agency showing that China surpassed the U.S as the world's largest energy consumer last year are not accurate, a spokesman with China's National Energy Administration said Tuesday.

Europe Offshore Wind Sector Grows 1H; 333 MW Installed -Report

Europe Offshore Wind Sector Grows 1H; 333 MW Installed -Report

The European offshore wind sector continued to grow in the first half of 2010, with 333 megawatts installed as wind farms in Germany, Denmark and the U.K. were connected to the grid, the European Wind Energy Association said Tuesday in a report.

BP: To Sell Oil,Gas Production, Exploration Assets In Pakistan

BP: To Sell Oil,Gas Production, Exploration Assets In Pakistan

BP PLC (BP) plans to sell its oil and gas production assets and exploration licenses in Pakistan as part of a divestment process aimed at raising $10 billion to cover the cost of the Gulf of Mexico oil spill, a company spokesman said Tuesday.

Eni In Possible Azeri Upstream, CNG Project-CEO

Eni In Possible Azeri Upstream, CNG Project-CEO

Eni SpA (E) could resume exploration and production in Azerbaijan and take a central role in a project to ship compressed natural gas from Turkmenistan to the Azeri pipeline network, Chief Executive Paolo Scaroni said Tuesday in a telephone interview from Baku.

Ocean Energy Wants Place in EUs Energy Future

Ocean Energy Wants Place in EU's Energy Future

Wave and tidal energy could provide 15% of Europe's energy needs by 2050, the industry estimates, calling for support measures to realise its potential.

Gazprom Denies Inviting RWE To South Stream Gas Project

Gazprom Denies Inviting RWE To South Stream Gas Project

Russian gas giant Gazprom (GAZP.RS) has denied inviting Germany's utility company RWE AG (RWE.XE) to join the South Stream gas pipeline that would cross the Black Sea and is a rival to the EU-backed project.

GDF Suez,International Power In Asset-Merger Talks

GDF Suez,International Power In Asset-Merger Talks

International Power PLC's (IPR.LN) shares surged more than 11% Monday morning after confirmation that the U.K.-based company resumed talks to merge energy assets with French power company GDF Suez SA (GSZ.FR).

China Passes US As Worlds Biggest Energy Consumer - IEA

China Passes US As World's Biggest Energy Consumer - IEA

Powered by years of rapid economic growth, China is now the world's biggest energy consumer, knocking the U.S. off a perch it held for more than a century, according to new data from the International Energy Agency

Liability The Main Issue For BP - Credit Suisse

Liability The Main Issue For BP - Credit Suisse

Liability is the key issue for BP (BP.LN) says Credit Suisse, although the brokerage concedes that getting close to "zero oil" is an important psychological step. Says there are four main liability questions that remain unanswered.

Greece Stresses Turk Ship Concern

Greece Stresses Turk Ship Concern

Greece has raised concerns with Turkey for a second time about the activities of a Turkish marine research ship near Greek territorial waters. Just days after the Piri Reis was spotted between Rhodes and Kastelorizo, prompting an official complaint from the Foreign Ministry to Ankara, Alternate Foreign Minister Dimitris Droutsas expressed Greece’s worries about the vessel’s activities