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Carbon bubble will plunge the world into another financial crisis report

2013-04-19 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to leading economists. "The financial crisis has shown what happens when risks accumulate unnoticed," said Lord (Nicholas) Stern, a professor at the London School of Economics. He said the risk was "very big indeed" and that almost all investors and regulators were failing to address it. The so-called "carbon bubble" is the result...

Tags: world report financial crisis

 

Rise in U.S. Gas Production Fuels Unexpected Plunge in Emissions

2013-04-18 22:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Wall Street Journal: U.S. carbon-dioxide emissions have fallen dramatically in recent years, in large part because the country is making more electricity with natural gas instead of coal. Energy-related emissions of carbon dioxide, the greenhouse gas that is widely believed to contribute to global warming, have fallen 12% between 2005 and 2012 and are at their lowest level since 1994, according to a recent estimate by the Energy Information Administration, the statistical arm of the U.S. Energy Department. While...

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Greek bank shares plunge up to 30%

2013-04-08 12:45:57| BBC News | Business | UK Edition

Shares in Greek banks fall up to 30% after plans to merge two of them were called off on fears the new entity would be too big to manage.

Tags: bank shares greek plunge

 

Cattle Prices Lifted By Corn Price Plunge

2013-04-06 15:51:00| Beef

Tags: price prices corn cattle

 

Australian shares fall on weak commodities, gold stocks plunge

2013-04-04 11:22:58| Automakers - Topix.net

Australian shares dropped 0.9 percent on Thursday, pulled down by weaker commodities' prices and broader concern over rising tensions on the Korean peninsula.

Tags: fall gold australian shares

 

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