Fla. House panel OKs bill for oil, gas drilling up to 10 miles into Gulf of MexicoTALLAHASSEE, Fla. — Echoing last year’s “Drill, baby, drill” Republican election slogan, a GOP-dominated House panel voted Tuesday to allow oil and natural gas exploration and production in Florida waters up to 10 miles into the Gulf of Mexico. Chesapeake CEO McClendon gets 2008 pay package valued at $112.5M, including $75M awardNEW YORK — Aubrey McClendon, the CEO of Chesapeake Energy Corp. who was forced to sell almost all his equity holdings in the company in October to cover a margin loan call, was given a huge incentive award at the end of 2008 that boosted his total compensation for the year to $112.5 million, according to an Associated Press analysis of data filed with regulators. That’s more than four times higher than his pay package a year earlier. The cost of dealing with the threat of climate change dominates congressional debate.WASHINGTON — As Congress begins to debate climate change in earnest, the science is taking a back seat to economics: How much will it cost to slow the Earth’s warming because of man-made pollution — and what’s the cost of doing nothing? Mexican oil production declines 4.5 pct to average 2.67 million barrels a day in first quarterMEXICO CITY — First-quarter oil output at Mexico’s state-owned oil company has dropped 4.5 percent from the same period last year to average 2.67 million barrels a day. Pelosi vows to pass legislation addressing climate change this year as House begins hearingsWASHINGTON — House Speaker Nancy Pelosi says she’s determined to pass legislation addressing climate change this year. Republicans call for more time on climate bill as House launches days of hearingsWASHINGTON — As Congress begins to debate climate change in earnest, the science is taking a back seat to economics: How much will it cost to slow the earth’s warming because of man-made pollution — and what’s the cost of doing nothing? China plans to build 20 dams along Yangtze to harness river’s hydropowerBEIJING — China plans to build more than 20 dams along the country’s longest river by 2020 as part of a plan to further develop the Yangtze River’s hydropower, an official said Tuesday. China to build 5 nuclear power plants this year, part of plan to reduce reliance on coal, oilBEIJING — China is planning to build five nuclear power stations this year to reduce the country’s reliance on coal and oil, state media reported Monday. UN nuclear body says NKorea could restart nuclear facilities within monthsSEOUL, South Korea — North Korea could restart its nuclear facilities within months, the chief of the U.N. nuclear watchdog warned Monday, but added he was optimistic that negotiations on halting Pyongyang’s atomic ambitions could be revived. 18 people dead after explosives catch fire at coal mine in central China18 people dead in coal mine explosion in China BEIJING — China’s state television says 18 people have died and six are injured after three-story warehouse blew up at a coal mine in central China. |
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