UN strives to offset climate summit’s carbon footprintUNITED NATIONS — Striving to underscore the importance of efforts to reduce global emissions, a team of U.N. officials figured out the amount of carbon dioxide generated by a daylong climate conference — about 450 tons — and purchased offsets to neutralize its carbon footprint. OSHA alleges BP failed to make all required Texas City plant improvements, deadline WednesdayHOUSTON — Oil giant BP PLC is failing to make required safety improvements at its Texas City refinery where a 2005 explosion left 15 people dead, according to the U.S. agency responsible for worker safety. Oil prices tumble below $69 after report reveals weak energy demand, glut of supplyCrude and gasoline prices fell sharply Wednesday on more evidence of a huge glut in supply, with the economy still damaged by the worst recession since the 1930s. Shares of coal mining companies fall as analyst forecasts diminishing China demandDENVER — Shares of coal mining companies fell Wednesday after an analyst downgraded the sector, predicting China’s demand has diminished as it has built an excess inventory of steel. Oil prices tumble near $69 after report reveals weak energy demand, glut of supplyCrude and gasoline prices fell sharply Wednesday on more evidence of a huge glut in supply, even if the economy has begun to pull out from the worst recession since the 1930s. American Superconductor shares rise as analyst reiterates “Outperform” ratingNEW YORK — Shares of American Superconductor Corp., which makes equipment for power generators and utilities, rose on Wednesday as an analyst reiterated an “Outperform” rating for the company. Power company Duke strikes second Chinese deal to develop low-carbon energyCOLUMBUS, Ohio — Power company Duke Energy Corp. said Wednesday that it has struck its second deal in just over a month with a large Chinese power company to develop sources of low-carbon energy. Chimney under construction collapses on workers in power plant cafeteria in India, killing 20NEW DELHI — A large chimney under construction at a power plant in central India collapsed Wednesday, killing at least 20 people and injuring five others, police said. As many as 100 workers were feared trapped under the rubble. Report says chimney collapse at power plant being built in India kills at least 20NEW DELHI — A large chimney being built at a power plant in central India collapsed Wednesday, killing at least 20 people and injuring five others, police said. Dozens of workers were feared trapped under the rubble. Report says chimney collapse at power plant being constructed in India kills at least 12NEW DELHI — A news report says a chimney has caved in at a power plant being constructed in central India, killing at least 12 people and trapping many others. President proposes phasing out billions in subsidies for fuel causing global warmingWASHINGTON — President Barack Obama is calling on the world to end massive government subsidies that encourage the use of fossil fuels blamed for global warming. Iranian leader tells AP Obama should see Iran as a potential friend, not a threatNEW YORK — Iranian President Mahmoud Ahmadinejad urged President Barack Obama to see Iran as a potential friend instead of a threat ahead of addresses both leaders will give to the United Nations General Assembly on Wednesday. AP Interview: Iranian leaders says he will seek leniency for US hikersNEW YORK — Iranian President Mahmoud Ahmadinejad said Tuesday in an Associated Press interview that he will seek leniency for three American hikers who strayed across the Iranian border, and he urged President Barack Obama to see Iran as a potential friend. BP Exploration pays $1.7 million to settle Alaska spill containment violationsANCHORAGE, Alaska — An oil field review starting with a state inspector questioning the size of spill containment facilities on Alaska’s North Slope has resulted in a hefty civil payment for a subsidiary of BP PLC. Obama, China vow action on climate change even as prospects dim for treaty by year’s endUNITED NATIONS — President Barack Obama and Chinese President Hu Jintao each vowed urgent action Tuesday to cool an overheating planet, even as prospects dimmed for a full treaty by the end of the year. Interim Honduran government again extends curfew, after clashing with anti-coup protestersTEGUCIGALPA, Honduras — The interim Honduran government has extended a curfew until Wednesday morning after security forces clashed with supporters of the country’s ousted president. BP Exploration agrees to pay $1.7 million to settle Alaska North Slope spill violationsANCHORAGE, Alaska — BP Exploration (Alaska) Inc. has paid the state more than $1.7 million in civil penalties for failing to provide adequate facilities to contain oil spills on Alaska’s North Slope, officials said Tuesday. Aided by retraining programs, auto engineers and designers look outside industry for new workDETROIT — After Jerry Tester lost his job as a contract engineer at General Motors, it soon became clear that the struggling auto industry wouldn’t be the place where he would work again. Honduran security forces break up pro-Zelaya demonstrations at embassy sheltering himTEGUCIGALPA, Honduras — Baton-wielding soldiers used tear gas and water cannons to chase away thousands who demonstrated outside the Brazilian Embassy on Tuesday, leaving deposed President Manuel Zelaya and 70 friends and relatives trapped inside without water, electricity or phones. UN climate summit of 100 world leaders puts spotlight on China and India
Mitsubishi to build $325 million plant in coastal Ga., hire 500 to make gas turbinesPOOLER, Ga. — After sitting vacant for seven years, a 1,500-acre industrial site near Savannah landed its first manufacturer Monday as Mitsubishi Power Systems announced plans to produce giant steam and gas turbines in coastal Georgia. Not married to the mob, but related to it: Merlino faces tough climb in bid for casino licenseATLANTIC CITY, N.J. — Joseph N. Merlino’s construction company has done work at sensitive sites, including two nuclear power plants and a New Jersey State Police building — but so far has been barred from working in the casino industry. Drilling opponents ask Interior secretary to halt plans for oil and gas drilling off AlaskaWASHINGTON — Opponents of offshore drilling — including some dressed as salmon and a polar bear — delivered more than 250,000 postcards and letters to the Interior Department Monday on a proposal to open vast waters off the Pacific and Atlantic coasts to oil and gas drilling. Oil falls below $70 as Chinese demand drops, dollar regains footingOil prices fell for a third straight day before the U.S. Federal Reserve meets to discuss monetary policy, which for months has helped to drive crude prices higher. AP Interview: UN climate chief says China poised to take leadUNITED NATIONS — As the United States lags on climate legislation, China is poised to join the European Union in claiming “front-runner” status among nations battling climate change, the U.N. climate chief said Monday. Medvedev says Israel promises it is not planning Iran strike; confirms Netanyahu visitMOSCOW — Russian President Dmitry Medvedev says Israeli officials have assured him that they are not planning a military strike on Iran. NY nuclear plant’s siren mistakenly blares ‘Emergency!’ during test, rattling residentsNEW CITY, N.Y. — A suburban New York City nuclear power plant’s siren system has mistakenly blared out the warning, “Emergency! Emergency! Emergency!” Environment to globalization, protesters want issues heard when G-20 summit convenes in Pa.PITTSBURGH — An anti-war group plans to set up a tent city during the Group of Twenty economic summit this week to focus attention on the plight of women and children made refugees by war. Despite spiking natural gas prices on Nymex, consumers poised for a winter of bargainsNEW YORK — Natural gas prices have mostly moved in one direction this summer, down, and the vast caverns that hold it are close to reaching capacity. Yet since the beginning of the month prices have spiked 44 percent. Clinton says Iran must address concerns on nuclear program or face new penaltiesWASHINGTON — Secretary of State Hillary Rodham Clinton said Friday that Iran’s refusal to prove that its nuclear intentions are peaceful has “profound consequences” for world security. |
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