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BP returns to court over Deepwater Horizon spill as 11bn in fines loom

2013-09-29 19:16:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP's lawyers will fight attempts to fine the oil giant up to $18bn (11.1bn) over the 2010 Deepwater Horizon disaster, when a new trial opens in New Orleans on Monday. The latest legal battle revolves around the company's efforts to cap its runaway well, and the amount of oil that entered the Gulf of Mexico during the 87-day spill. The trial, expected to last a month, could add up to $18bn in financial penalties to BP's bill for the disaster five times the $3.5bn originally set aside for...

Tags: returns court horizon fines

U.N. aviation emissions deal in sight but possible hurdles loom

2013-09-25 06:37:45| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: United Nations aviation chiefs said Tuesday that thorny issues still loom heading into two weeks of negotiations aimed at finalizing a deal to address greenhouse gas emissions from the global aviation sector. The U.N.'s International Civil Aviation Organization, which sets standards for air travel, is attempting to iron out one of the worst aviation disputes in years, which has pitted the European Union against its trade rivals. Issues facing negotiators range from whether to exempt some developing...

Tags: deal sight aviation emissions

Layoffs loom in MN despite Boise acquisition

2013-09-18 11:16:37| Industrial Machines - Topix.net

Dozens of layoffs are still expected at the Boise Inc. plant in International Falls, despite news the company is being acquired by Packaging Corp. of America.

Tags: acquisition boise loom layoffs