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Spain's Supreme Court gives go-ahead to Canary Islands drilling
2014-06-24 13:30:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: Spain's Supreme Court approved on Tuesday a $7-billion oil exploration project off the Canary Islands, clearing one of the final hurdles for oil company Repsol to begin drilling within months. In 2012, Spain's government granted permits for hydrocarbon exploration off the coasts of the Fuerteventura and Lanzarote islands, but they were frozen while courts decided on a number of appeals on environmental grounds. Of the seven appeals against drilling rejected by the Supreme Court, one was from the...
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Supreme Court largely backs Obamas emissions cuts
2014-06-24 11:40:00| Climate Ark Climate Change & Global Warming Newsfeed
Blue and Green: US president Barack Obamas plans to curb greenhouse gas emissions have been mostly backed by the Supreme Court. Some limits have been placed on the plans, including exempting some smaller emitters. Earlier this month, the US Environmental Protection Agency (EPA) unveiled a new strategy that aims to cut carbon pollution from fossil fuel power plants by 30% by 2030. The organisation added that the net climate and health benefits of the move would add up to $82 billion (48bn). A group of 128 companies...
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Top court mostly upholds Obama bid to curb carbon emissions
2014-06-24 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Reuters: The U.S. Supreme Court on Monday largely upheld the Obama administration's authority to curb greenhouse gases from major emitters like power plants and refineries in a ruling that nonetheless exempted some smaller sources from the regulation. On a 7-2 vote, the court rejected an industry-backed argument that most emitting facilities should not be regulated for greenhouse gases under one particular air pollution program of the U.S. Environmental Protection Agency (EPA). But industry could claim...
Court Raises Bar For Securities Class Action Cases
2014-06-24 07:13:03| Oil & Gas - Topix.net
The justices said Monday that companies should have a chance at the early stages of a lawsuit to show that any alleged fraud was not responsible for a drop in the company's stock price.
Court raises bar for securities class action cases
2014-06-23 18:24:02| Oil & Gas - Topix.net
But the unanimous ruling was only a modest step. It stopped short of tossing out a quarter-century-old legal theory that might have ended securities class action lawsuits altogether.
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