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Australia Repeals Price on Carbon, Climate Disaster Predicted

2014-07-18 08:51:00| Climate Ark Climate Change & Global Warming Newsfeed

Environment News Service: Australia`s Senate has voted to repeal the price on emissions of the climate-warming gas carbon dioxide, a levy on the biggest polluters passed by the previous Labor government. The Yallourn Power Station burns brown coal to provide eight percent of Australia`s power. (Photo by Philip Morgan) Prime Minister Tony Abbott, whose Liberal-National coalition unseated Labor in last year`s election, succeeded in achieving the repeal, a central goal of his government. The Senate voted 39 to 32 on...

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Brent crude increases above $108 due to Malaysian plane disaster

2014-07-18 01:00:00| Offshore Technology

Brent futures increased above $108 a barrel on Friday due to renewed geopolitical risks after a Malaysian passenger plane was shot down in eastern Ukraine.

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