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UP defends bypassing Metra's costly wind detectors in delaying trains

2015-07-19 05:17:35| Railroads - Topix.net

Union Pacific says it wanted to err on the side of caution when it stopped trains because of not-so high winds this week. Metra spent about $200,000 in 2014 buying wind detectors known as anemometers for its three Union Pacific routes to avoid unnecessary weather-related delays.

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UK study projects severe and costly downside if Paris climate talks fail

2015-07-14 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

ClimateWire: As diplomats try to piece together a complicated new global agreement to reduce greenhouse gas emissions, a sweeping new study out by the U.K. government today takes a hard look at what could happen if they fail. The worst-case scenario assessment of what a world in which global average temperatures climb far above the threshold considered safe warns of crop deterioration to in the midwestern United States, chronic water shortage along the Tigris-Euphrates River Basin, and 100-year flood events...

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IEA: Ignoring Climate Change Could Be Costly Fossil Fuel Firms

2015-07-10 15:11:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The worlds fossil fuel companies risk wasting billions of dollars of investment by not taking global action to fight climate change seriously, according to the chief economist of the International Energy Agency (IEA). Fatih Birol, who will take the top job at the IEA in September and is one of the worlds most influential voices on energy, warned that companies making this mistake would also miss out on investment opportunities in clean energy. Coal giant Peabody recently dismissed global...

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Climate Change: Australia set to be lumbered with costly stranded assets

2015-06-22 02:48:00| Climate Ark Climate Change & Global Warming Newsfeed

Sydney Morning Herald: Billions of dollars of investments in Australia's fossil fuel industries are at risk of becoming white elephants as global momentum builds to address climate change. As Fairfax Media today begins a series examining climate change policies and politics, experts have spoken out about the growing financial risk posed by investments in fossil fuels. They say it is now likely the nation will be lumbered with costly unviable assets, especially in coal, as major economies take action to limit global warming...

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Covered Market traders turn down wi-fi offer as too costly

2015-05-01 00:08:47| Wireless - Topix.net

TRADERS have rejected a wi-fi system for Oxford's Covered Market saying it would be another financial burden they could not bear. And stallholders expressed concern that it would make it easier for shoppers to use the internet to find cheaper prices elsewhere.

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