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Raw deal: Australian railways face funding slash
2015-06-16 01:00:00| Railway Technology
Australias railways have pulled the short straw in the latest round of government infrastructure funding, which heavily prioritises roads over public networks. Eva Grey looks at the surviving railway schemes and the sustainability threat of railway
Norway oil fund to slash coal investments
2015-05-28 10:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Norway's parliamentary parties have agreed that the country's $900 billion sovereign wealth fund should stop investing in coal companies because of their impact on climate change. Under new rules to be presented by Parliament's finance committee on Thursday, the fund - also known as the oil fund - would exclude companies that get at least 30 percent of their revenue from mining coal or burning it. The move is expected to be formally approved by the full Parliament on June 5 because both government...
Tags: oil
fund
norway
investments
Trade bill to slash spirits tax in US
2015-05-27 13:37:00| Daily beverage news and comment - from just-drinks.com
A new bill that would see tax cut by around US$10 per proof gallon of alcohol has been introduced in the US.
European Commission Drops Demand to Slash Fossil Fuel Subsidies
2015-05-14 14:39:00| Climate Ark Climate Change & Global Warming Newsfeed
Inside Climate: The European Commission removed calls to end subsides for fossil fuels in its yearly audit of 26 economies on Wednesday, raising questions over its commitment to addressing climate change. Last year, the EUs executive arm told Italy to remove environmentally harmful subsidies and ordered France and Belgium to phase out grants in their extracting of coal, oil and gas. Eight countries were urged to start taxing pollution, and 17 to boost renewables, electric grids and energy efficiency. But...
Tags: european
commission
demand
fuel
Siemens to slash a further 4,500 jobs
2015-05-07 18:30:59| Telecom - Topix.net
German engineering giant Siemens AG announced on Thursday an additional 4,500 job cuts world-wide, targeting its embattled power and gas division and a group of underperforming businesses it hopes to turn around. The new cuts--roughly 2,200 of which are expected to be in Germany--come just months after Siemens said it would reduce its global head count by 7,800, a number it brought down to 7,400 following labor negotiations.
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