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Tag: 34bn
Obama administration's cool idea aims to save $34bn in refrigeration costs
2013-09-02 01:15:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: The Obama administration unveiled the latest component of its climate change strategy late last week, announcing plans to impose demanding new energy efficiency standards on a range of refrigeration equipment. The Energy Department on Thursday published proposals for new standards for commercial refrigeration equipment and walk-in coolers and freezers, which it said had the potential to cut energy bills by $28bn over 30 years, while reducing emissions by 350 million tonnes of CO2 equivalent over...
Justice Department deal reduces BP's Deepwater Horizon fine by $3.4bn
2013-02-20 20:44:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: BP has shaved $3.4bn off the maximum fine for the 2010 Gulf of Mexico oil disaster. A court order, handed down by a judge in New Orleans, means BP will no longer be liable for a maximum of $21bn in fines at next week's civil trial after a judge ruled the oil company would not have to pay for 810,000 barrels of oil collected at the source of the broken well. The oil company had been facing up to $21bn in fines in the civil case, based on the amount of oil that gushed into the Gulf following...
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BP faces new $34bn claim for Gulf oil spill
2013-02-06 01:00:00| Offshore Technology
Oil and gas major BP faced a new $34bn claim from local and southern state governments in the US, including Louisiana and Mississippi, for financial losses and property damage incurred as a result of the Deepwater Horizon spill in the Gulf of Mexico.