| June 26, 2008 |  |
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Top US court slashes Exxon Valdez oil damages Washington (AFP) June 25, 2008 
The US Supreme Court Wednesday rejected as excessive 2.5 billion dollars in punitive damages awarded to victims of the Exxon Valdez oil disaster and said it should be cut to 507 million dollars. The long-running legal battle stretches back to March 24, 1989 when the Exxon Valdez crashed into a reef in Prince William Sound, Alaska, spilling 11 million gallons of crude into the sea in the ... read more
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Soaring steel costs to drive up car prices: Nissan CEO
Yokohama, Japan (AFP) June 25, 2008Soaring steel costs will force consumers worldwide to pay higher prices for automobiles in the coming years, Nissan Motor Co. chief executive Carlos Ghosn warned Wednesday. Surging raw material costs are eating into automakers' profits, even as rocketing fuel prices weigh on their sales, particularly those of large trucks and sports utility vehicles in the United States. Higher material ... more Lebanon's oil slick cleaned but headache continues 
Beirut (AFP) June 25, 2008Two years after the worst oil spill in the east Mediterranean left thousands of tonnes of crude over three-quarters of Lebanon's coast, the beaches are almost all clean but the troubles continue. In July 2006, in the midst of the month-long war between Israel and Lebanon's Shiite Hezbollah fighters, Israeli aircraft bombed a coastal power plant at Jiyeh, 40 kilometres (25 miles) south of Bei ... more Indonesian investment chief backs massive BHP nickel project 
Jakarta (AFP) June 25, 2008A nickel mining partnership between BHP Billiton and an Indonesian firm in a protected island paradise has "strategic" importance and should proceed, Indonesia's investment chief said Wednesday. Investment coordinating board head Muhammad Lufti said the 50-50 joint venture involved investments of around four billion dollars including a mine on environmentally sensitive Gag Island off the wes ... more Indonesia plans to raise gas prices to China, Malaysia, SKorea 
Jakarta (AFP) June 25, 2008Indonesia is seeking to raise the prices of natural gas in contracts signed with buyers from China, South Korea and Malaysia, an official said Wednesday. The head of a team tasked with boosting the country's oil and gas output, Kardaya Warnika, told reporters that Chinese and Malaysian buyers "understood our position." He added that the South Korean buyer would agree to renegotiate if ... more IATA head slams EU plans to include aviation in emissions trading 
Geneva (AFP) June 25, 2008The International Air Transport Association on Wednesday criticised European Union proposals to include the aviation industry in a scheme that would require airlines to trade emission allowances. "Unilaterally bringing aviation into the European Emissions Trading Scheme (ETS) seeks to limit mobility and adds 4.2 billion euros (6.6 billion dollars) to the cost of travel. But reducing emission ... more |
SOLAR DAILY
 SOLAR DAILY  SOLAR DAILY  |
Beijing (AFP) June 25, 2008China's new turboprop plane is expected to make its debut at the weekend with the aim of increasing Chinese world market share for propeller aircraft, state press said Wednesday. The "Modern Ark 600" (MA600), comparable to Canada's Bombardier and the French ATR aircraft, will roll off the assembly line in the northern city of Xian on Sunday, the China Daily said. "We hope to see that 40 ... more Britain to sign nuclear deal with energy-poor Jordan 
Amman (AFP) June 25, 2008Britain will sign a nuclear deal this week with energy-poor Jordan, which is struggling to find alternate resources to generate electricity and desalinate water, the British embassy said Wednesday. Chairman of the United Kingdom Atomic Energy Authority, Lady Barbara Thomas Judge, will arrive Saturday in Amman on a two-day visit to sign a "nuclear cooperation" agreement with her counterpart ... more Asian cities struggling against urbanisation woes: ADB 
Singapore (AFP) June 25, 2008Asian cities need help to cope with an unprecedented period of urbanisation, the Asian Development Bank (ADB) said Wednesday, stressing that their future prosperity is at stake. Providing adequate water supplies and infrastructure are among the key issues facing urban planners and policymakers, ADB president Haruhiko Kuroda said, adding few Asian cities have successfully dealt with sudden ex ... more Analysis: Turkey pushes new pipeline 
Washington (UPI) Jun 25, 2008 In the current superheated global energy market, with oil's price rising more than five-fold since 2000, the race is on worldwide to bring more crude to market, with many previously moribund pipeline projects being dusted off. Turkey, which currently imports about 90 percent of its oil consumption of its daily 724,400 barrel per day requirements, primarily from Saudi Arabia, Iran, Iraq, ... more |
ENERGY TECH
 ENERGY TECH  SOLAR DAILY  |
Burnaby, Canada (SPX) Jun 26, 2008Day4 Energy has announced the completion of 16 solar energy systems at the Habitat for Humanity Jimmy Carter Work Project in San Pedro, California. With new residents celebrating their moving Saturday, nearly 200 advanced Day4 48 MC modules will soon begin providing the community with reliable, affordable clean electricity from the sun. "Day4 Energy was founded on the principle of making s ... more Analysis: Bolivian gas at crossroads 
Miami (UPI) Jun 25, 2008 One eastern Bolivian province took another step toward self-governance this week, as voters overwhelmingly supported greater autonomy from the central government, drawing a further divide in a poor South American country over the gas issue. About 80 percent of voters in Tarija were in favor of more autonomy and therefore greater control over its lucrative gas deposits, which in large p ... more Huge Lenses To Observe Cosmic Dark Energy 
London, UK (SPX) Jun 25, 2008UK astronomers, as part of an international team, have reached a milestone in the construction of one of the largest ever cameras to detect the mysterious Dark Energy component of the Universe. The pieces of glass for the five unique lenses of the camera have been shipped from the US to France to be shaped and polished into their final form. The largest of the five lenses is one metre in ... more Analysis: Shandong buildup -- Part 1 
Hong Kong (UPI) Jun 24, 2008 China is building up its military forces facing South Korea, possibly to deter South Korea and Japan from aiding Taiwan. Although in many respects the situation in the Taiwan Strait appears to be improving, China's military actions do not reflect this apparent trend. In fact, China has reinforced its troops on the Shandong Peninsula, opposite South Korea, where they would engage U.S. an ... more
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