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Archive for July 19th, 2013
Fossil fuels tax to fund climate efforts proposed at UN talks
Posted by RTCC: Ed King on July 19th, 2013
RTCC: UN climate finance talks in Manila ended on Wednesday with no new pledges but showed signs of progress in identifying new sources of funding, such as a levy on fossil fuels.
The two-day meeting marked the latest attempt by countries to establish how developed countries can meet their pledge to provide $100 billion a year by 2020 to enable poorer states to cut pollution and build a climate resilient infrastructure.
As yet it is unclear where that money will come from, but delegates attending...
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TransCanada Says Keystone XL Start in 2015 ‘Difficult’
Posted by Bloomberg: Rebecca Penty on July 19th, 2013
Bloomberg: TransCanada Corp. (TRP) Chief Executive Officer Russ Girling said the timeline for U.S. approval of the $5.3 billion Keystone XL pipeline project will make the start of operations in the second half of 2015 “difficult.”
The CEO said a final environmental impact statement from the State Department may come in “weeks, not months,” after which there will be a 90-day review of whether the project is in the U.S. national interest. “I hope a decision can be made this year,” Girling said today in an...
Volta River and Climate Change
Posted by Washington Post: Juliet Eilperin on July 19th, 2013
Environmental News Network: A new study released today finds that so much water may be lost in the Volta River Basin due to climate change that planned hydroelectric projects to boost energy and food production may only tread water in keeping up with actual demand. Some 24 million people in Ghana, Burkina Faso and four other neighboring countries depend on the Volta River and its tributaries as their principal source of water. Specifically, the researchers with the International Water Management Institute (IWMI) and their...
UK: Tax Cut for Shale Gas Firms Planned
Posted by Washington Post: Juliet Eilperin on July 19th, 2013
BBC: The government has outlined plans to give tax breaks to companies involved in the UK's nascent shale gas industry.
It has proposed cutting the tax on some of the income generated from producing shale gas - found in underground shale rock formations - from 62% to just 30%.
The plans would make the UK the "most generous" regime for shale gas in the world, the government said.
But they have been criticised by environmentalists, with Friends of the Earth calling them a "disgrace".
Greenpeace...