Aid promises from rich nations to help poor countries slow global warming are reaching the $30 billion goal agreed in Copenhagen but analysts say much of that is old funding dressed up as new pledges.
MUMBAI/NEW DELHI: Cairn Energy will seek the government’s approval to transfer millions of dollars in bank guarantees to Vedanta Resources, implying that the Anil Agarwal-controlled company will be responsible for meeting the oil exploration obligations it had committed to. ...
India's decision to reject UK-based Vedanta's plans to mine bauxite points to tighter enforcement of environment laws, a commitment to playing by the rules rather than a political campaign against mega-corporations.
Royal Dutch Shell Plc and sugar and ethanol giant Cosan signed a binding agreement on Wednesday that will create Brazil's No. 3 fuel distributor, as well as explore international ethanol and sugar opportunities.
China plans to issue new standards to regulate the charging infrastructure needed for electric cars, the official Shanghai Securities News reported on Monday.
The World Bank has defended its investment in chemical plants accused by green groups of raising production of greenhouse gas HFC-23 with the aim of incinerating it to get extra carbon offsets worth millions of dollars.
Russia has set a minimum price of 10 euros per tonne ($12.84) for Kyoto Protocol-backed carbon offsets generated in the country, according to a letter from Sberbank seen by Point Carbon News.
NEW DELHI: Giving a fillip to their ties, India and Russia on Friday signed 19 pacts, including three in civil nuclear field and one for purchase of 29 MiG-29 fighters besides inking the revised agreement on Gorshkov aircraft carrier, a deal that was stuck for three years over price.
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No one in the world exercised more influence on the events leading up to the Copenhagen conference on global warming than Dr Rajendra Pachauri, chairman of the UN’s Intergovernmental Panel on Climate Change (IPCC) and mastermind of its latest report in 2007.
Nissan Motor Co priced its battery-powered Leaf hatchback at more than twice the cost of a similarly sized gasoline car, counting on government subsidies to drive demand for the emissions-free vehicles.
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