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States announce deal to cut greenhouse gasses
2013-02-07 18:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Associated Press: Nine northeastern and mid-Atlantic states agreed Thursday to strengthen existing limits on carbon dioxide emissions from power plants that burn fossil fuels. The new rules announced by the Regional Greenhouse Gas Initiative would lower the cap on carbon dioxide emissions from the current 165 million tons to 91 million tons in 2014 a 45 percent reduction from 2005 levels. The cap would be lowered an additional 2.5 percent per year from 2015-2020. The RGGI cap-and-trade program is the nations...
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Mass., eight other states to sharply cut power plant carbon dioxide emissions
2013-02-07 15:59:00| Climate Ark Climate Change & Global Warming Newsfeed
Boston Globe: Massachusetts and eight other Northeast states are nearly halving the amount of carbon dioxide power plants are allowed to emit - a dramatic reduction that is expected to bring in hundreds of millions of dollars to the state while combatting global warming. The revision of the Regional Greenhouse Gas Initiative agreement comes four years after the nine-state program first put in place a cap aimed at curbing emissions of the key heat-trapping gas in order to slow manmade climate change. "This...
Why Norway is paying a South American country to not cut down its trees
2013-02-07 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Environment Health: Its an odd arrangement at first glance: Norway is sinking hundreds of millions of dollars into Guyana, in the hopes that the latter country will slow deforestation and subsequently help stall climate change. Its a recognition that climate change is a global problem that cant be solved by any one country: What happens in Guyana will affect Norway, so Norway might as well invest in climate solutions around the world. Its a partnership that just might work--or, as with so many other climate initiatives,...
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US: True Religion Q4 profit cut despite strong sales
2013-02-07 13:58:00| Daily apparel & textile news and comment - from just-style.com
Fashion business True Religion posted a small reduction in fourth quarter profit, but registered strong sales in its core US and developing overseas businesses.
Credit Suisse to cut costs further
2013-02-07 09:51:17| BBC News | Business | UK Edition
Swiss bank Credit Suisse is to cut costs further after its fourth quarter profits miss expectations.
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