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BP mounts last ditch effort limit Gulf of Mexio oil spill settlement

2014-05-21 19:59:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: BP last night mounted a last ditch attempt to limit the costs of its settlement for the victims of the 2010 Gulf of Mexico oil spill by lodging an appeal to the US supreme court to make a final ruling. Earlier this week the British oil group lost an argument at the fifth circuit appeal court of New Orleans that compensation money was being spent on businesses not directly affected by the environmental damage caused by the Deepwater Horizon. BP originally anticipated that it would have to pay...

Tags: effort limit oil settlement

China aims for 70GW of solar in race to ditch coal

2014-05-19 01:25:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: China intends to accelerate its deployment of solar power, after setting a new target to more than triple installed capacity to 70GW by 2017 as part of its drive to cut its reliance on coal. The new solar target is double the previous one set for 2015, according to a statement posted last week on the website of the National Development and Reform Commission. China, currently the world's largest greenhouse gas emitter, already has about 20GW of solar capacity. But it has emerged as the world's...

Tags: to china race aims