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BP's reckless conduct caused Deepwater Horizon oil spill, judge rules

2014-09-04 23:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Associated Press: BP bears the majority of responsibility among the companies involved in the Deepwater Horizon oil spill, a federal judge ruled Thursday, citing the energy giants reckless conduct over the disaster in a ruling that exposes it to billions of dollars in penalties. BP plc already has agreed to pay billions of dollars in criminal fines and compensation to people and businesses affected by the disaster, the worst-ever US oil spill. But US district Judge Carl Barbiers ruling could nearly quadruple...

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Marsden Maritime censured for breaching NZX rules

2014-09-04 16:21:01| Chemicals - Topix.net

Northland ports company Marsden Maritime Holdings [NZX: MMH] has been rapped over the knuckles by market regulators for breaking the rules on voting rights. The New Zealand Markets Disciplinary Tribunal has publicly censured Marsden formerly known as Northland Port Corporation for breaching NZX main board listing rule 9.3.1, which disqualifies a shareholder from voting if they are an "associated person" of a director.

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Court rules against Ohio utility in coal dispute

2014-09-04 14:49:37| Energy - Topix.net

The Ohio Supreme Court has sided with state utility regulators in a dispute with American Electric Power over how much the company can charge customers for coal. The Columbus Dispatch reports that the court, in a unanimous ruling Wednesday, rejected AEP's contention that it should have been able to keep $71.6 million that it received related to a coal contract in 2009.

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Bankers See Debt Risks Mounting in Sweden as New Rules Loom

2014-09-04 14:02:25| Appliances - Topix.net

Sweden's bank industry said a proposal by the country's main opposition party to relax a cap on mortgages risks backfiring as the housing market continues to show signs of overheating. The warning follows comments by Magdalena Andersson, economy spokeswoman for the opposition Social Democrats, who said last month she's willing to consider relaxing existing limits on mortgage lending if Sweden puts in place an amortization requirement.

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'Saving Nemo': Feds mull ocean rules to save clownfish of Disney fame

2014-09-03 20:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Washington Times: Federal authorities are considering new regulations to rid the ocean of more pollutants as a means of saving the orange clownfish made famous in the Disney movie "Finding Nemo." The National Marine Fisheries Service said it`s mulling protections due in part to a threat of lawsuit from the Center for Biological Diversity, which petitioned the agency to list the fish as endangered or threatened in 2012, The Hill reported. "Finding Nemo is getting even more difficult -- global warming and acidifying...

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