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Enel Sues Greenpeace for €1.6m

Enel Sues Greenpeace for €1.6m

Enel, Italy's largest utility, is seeking more than €1.6m ($2.4m, £1.4m) in damages from Greenpeace for alleged losses in electricity production and damage caused by protests launched by the environmental group at Enel's four coal-fired power stations.

Joint General Meeting of Shareholders and Supervisory Board of Trans-Balkan Pipeline B.V.

Joint General Meeting of Shareholders and Supervisory Board of Trans-Balkan Pipeline B.V.

A joint general meeting of Shareholders, Supervisory Board and Management Board of Trans-Balkan Pipeline B.V. (ТВР) was held in Amsterdam on December 17-18, 2009. ТВР management presented to the Shareholders and Supervisory Directors a detailed account of corporate activities in 2009 and the proposed budget for 2010.

Nonbinding Agreement Reached at Copenhagen Climate Change Summit

Nonbinding Agreement Reached at Copenhagen Climate Change Summit

A nonbinding agreement, which has nonetheless been described as “meaningful” by key states, has been reached at the UN climate change summit in Copenhagen. The agreement reached between the USA and four key developing nations – China, India, Brazil, and South Africa, was announced to the conference by US President Barack Obama.

Bulgaria May Lose EUR 1 B from Renewable Energy Moratorium

Bulgaria May Lose EUR 1 B from Renewable Energy Moratorium

The intention of the Bulgarian government to impose a temporary moratorium on the new renewable energy projects might lose Bulgaria EUR 1 B of foreign investments over the next 5 years. This was stated Wednesday at a news conference by Nikola Gazdov, Chair of the Bulgarian Photovoltaic Association.

Iraqi Oil Officials Accuse Iranians Of Holding Iraqi Oil Field

Iraqi Oil Officials Accuse Iranians Of Holding Iraqi Oil Field

Iraqi officials said Iranian troops occupied a disputed oil well along the two countries' border, the latest in a string of sometimes-contradictory statements Friday about the incursion, fueling worry about an escalation in tensions between Baghdad and Tehran.

OPEC Members May Get Wish, But It Wont Last

OPEC Members May Get Wish, But It Won't Last

It's that time of year again, and members of the Organization of the Petroleum Exporting Countries might already be getting just what they want--an ideal oil price for producers and consumers alike. That's a good place for the oil market to be in ahead of Tuesday's meeting of key oil producers in Luanda, Angola, who will discuss OPEC's production policy--but don't expect it to last long.

Newest Climate Draft Leaves Out 2010 Deadline For Treaty

Newest Climate Draft Leaves Out 2010 Deadline For Treaty

The most recent draft for an agreement at climate change talks leaves out a 2010 deadline for a legally binding treaty, a person familiar with the matter told The Wall Street Journal.

Climate Draft:Requires CO2 Cuts Of At Least 50% Vs 1990 By 50

Climate Draft:Requires CO2 Cuts Of At Least 50% Vs 1990 By '50

Deep cuts in greenhouse gas emissions of at least 50% by 2050 from 1990 levels are required according to science to keep the earth temperature increase below two degrees Celsius, says a draft text for an international agreement to limit climate change obtained by Dow Jones Newswires Friday.

Russia Accuses US Of Slowing Down START Nuclear Talks

Russia Accuses US Of Slowing Down START Nuclear Talks

Russia Thursday accused the U.S. of slowing down talks on a new nuclear weapons disarmament treaty, after officials admitted the two sides could no longer sign the accord this year.

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

E.ON Nears EU Gas Probe Deal,To Free Up Grid Capacity

E.ON Ruhrgas AG, Germany's largest importer of natural gas, said Thursday it has pledged to open considerable gas import capacity to competition in a compromise reached with the European Commission, that could end an ongoing antitrust investigation over alleged market abuse against the company.

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

OPEC Sailings Seen -120,000 B/D In 4 Weeks To Jan 2

Oil shipments from Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to fall by 120,000 barrels a day in the four weeks to Jan. 2, tanker tracker Oil Movements said Thursday.

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

CO2 Market Mechanisms Can Raise Money For Climate Fight -OECD

Cutting greenhouse gas emissions by 20% through carbon taxes and the auctioning of permits to emit greenhouse gases could raise massive revenues for the fight against climate change, OECD Secretary General Angel Gurria said Thursday.

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

E.ON May Halve CO2 Emissions 10 Years Earlier Than Planned

German utility E.ON AG (EOAN.XE) may reach its goal to halve its carbon dioxide emissions compared with 1990 levels ten years earlier if the Copenhagen climate change summit were to deliver a "strong result".