| December 31, 2008 |  |
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Walker's World: Will the crisis end in 09? London (UPI) Dec 29, 2008 
The cheerful lesson from London's post-Christmas sales is that there is still money about -- if the price is right. The giant Selfridge's department store on Oxford Street saw 10,000 shoppers an hour streaming in, hunting the widely advertised price cuts of up to 75 percent. The John Lewis group claimed to have had its best-ever day for sales.
These shafts of light come amid a series of ... read moreChina's Foton says clean energy car factory opened in Beijing 
Beijing (AFP) Dec 30, 2008China's Beiqi Foton Motor Co has launched a five-billion-yuan (730-million-dollar) design and production base for clean energy vehicles in Beijing, the company said Tuesday. The facility will produce up to 5,000 clean-energy buses and 400,000 fuel-efficient engines a year, the company said in a statement. The design and production base, backed by the city government, is part of the capit ... more
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Chinese steelmakers to merge: state media
Beijing (AFP) Dec 30, 2008Three Chinese steel companies agreed Tuesday to merge, creating the country's biggest listed steel maker, in a bid to cushion the impact of the global financial crisis, state media reported. Tangshan Iron and Steel, already one of China's largest steel producers, will get together with two smaller firms -- all three based in the northern province of Hebei, the official Xinhua news agency sai ... more Air New Zealand hails biofuel trial as 'significant milestone' 
Wellington (AFP) Dec 30, 2008Air New Zealand on Tuesday successfully flew a test flight powered by second-generation biofuel, and hailed it as a "significant milestone" in the development of sustainable fuels for aircraft. The airline used a 50-50 blend of standard jet fuel and synthetic fuel made from the oil of jatropha plant seeds to power one of the engines on a Boeing 747 during a two-hour test flight. It was t ... more Thousands rally against Samsung over SKorea's worst oil spill 
Seoul (AFP) Dec 30, 2008About 3,000 residents hit by South Korea's worst oil spill protested Tuesday outside the headquarters of the Samsung group, whose vessel was blamed for causing the leakage. Fisherman and others rallied peacefully outside the building to demand greater compensation, displaying a funeral bier to commemorate three residents who killed themselves over the disaster. Dozens of police buses wer ... more  |
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Dominion And Shell Complete NedPower Mount Storm Wind Project
Mt. Storm WV (SPX) Dec 30, 2008Dominion and Shell WindEnergy have announced the completion of the NedPower Mount Storm wind energy project in which they each own a 50 percent interest. Sited along the high ridges of West Virginia, the project is now fully operational, generating up to 264 megawatts of electricity from a renewable energy source for the mid-Atlantic power grid. NedPower Mount Storm, whose construction beg ... more Gas OPEC Will Not Fiddle With Prices 
Moscow (RIA Novosti) Dec 30, 2008Speaking at the opening of the Gas Exporting Countries Forum (GECF), Prime Minister Vladimir Putin said: "The era of cheap gas is coming to an end." However, his forecast is not likely to come true in the near future. Now that the GECF has adopted a charter, it has become an official institution, but the charter does not provide ... more Gazprom Continues Talks With Ukraine Despite Harsh Rhetoric 
Moscow (RIA Novosti) Dec 30, 2008Gazprom is continuing to hold gas talks with Ukraine and hopes to reach an agreement by the yearend to avoid supplies cuts over Kiev's outstanding debts, a deputy CEO at the Russian gas giant said Monday. "Three days remain before the New Year, and of course no one would like the sad events of the past to be repeated. But if we are doing everything required on our side to avoid that, we unfortu ... more Imported Coal Power Would Undermine RGGI 
Boston MA (SPX) Dec 30, 2008The Northeast's cap-and-trade system for global warming pollution - the first of its kind in the nation - will be compromised unless utilities are prevented from importing additional coal-fired electricity, according to a report released today by the Union of Concerned Scientists (UCS). The Regional Greenhouse Gas Initiative (RGGI), which applies to power plants in 10 Northeastern states, ... more |
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