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China buys into Canadian tar sands projectOttawa (UPI) Jan 5, 2009 Canada and China have signed a deal that will see PetroChina, the market arm of the state-owned China National Petroleum Corp., investing $1.7 billion in two Canadian tar-sands deposits in Alberta. Canadian Industry Minister Tony Clement said the government gave PetroChina the go-ahead for the acquisition. Industry sources said the deal was agreed about two months ago but only finalized before Clement's announcement before the new year. If successfully exploited, the tar-sands development will secure for China's energy-hungry economy a substantial resource from about 5 billion barrels equivalent of "best case" bitumen. ... read more |
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Beijing (AFP) Jan 6, 2010China's central bank said Wednesday it aimed to keep inflation in check in 2010 while maintaining its pro-growth monetary policy as the world's third-largest economy recovers from the financial crisis. In a statement outlining its tasks for this year, the People's Bank of China said it would adjust its policies "at appropriate times and by appropriate levels" based on economic and financial ... more  
Tokyo (AFP) Jan 6, 2010Japanese researchers said Wednesday they hoped to enlist bacteria in the fight against global warming to transform carbon dioxide buried under the seabed into natural gas. The researchers at the Japan Agency for Marine-Earth Science and Technology aim to activate bacteria found naturally in earth to turn CO2 into methane, a major component of natural gas. A team led by chief researcher ... more 
Hong Kong (AFP) Jan 6, 2010Asian shares were mixed Wednesday as dealers eased off after two days of advances, while Japanese investors showed little fear amid reports the country's finance minister looks set to step down. The Nikkei in Tokyo was up 0.41 percent, Hong Kong opened 0.34 percent higher, while Sydney was 0.11 percent off. Chinese shares fell 0.23 percent in early trade, while Singapore was 0.39 percent ... more |
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  Chinese juice-maker to pay up over hedging lawsuit  Consumer electronics industry hoping for a rosier 2010   Instant online solar energy quotes Solar Energy Solutions from ABC Solar |
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Beijing (AFP) Jan 6, 2010Electricity consumption in China rose nearly six percent in 2009, the government said Wednesday, as the economic recovery gathered pace and unusually early cold weather struck parts of the country. Overall consumption rose 5.96 percent to 3.6 billion megawatt hours from a year earlier, the National Development and Reform Commission, China's top economic planning agency, said in a statement ... more 
Nairobi (AFP) Jan 6, 2010China will finance the building of a second port in Kenya, a transport corridor and the upgrading of a railroad linking Kenya's Mombasa port and the Ugandan capital, a statement said Wednesday. The second port is to be built in the coastal town of Lamu, said the statement from President Mwai Kibaki's office, but did not give figures. Initially, the port was to be financed by Qatar under ... more  
Randers, Denmark (UPI) Jan 6, 2009 Denmark's Vestas, the world's largest wind turbine maker, has been raking in a number of orders recently to come back from a rocky 2009. Vestas said Wednesday that German company Nordwind Handels GmbH & Co. ordered 40 V90 turbines for installation in eastern Germany. Each turbine has a capacity of 2 MW. The contract includes delivery, installation and commissioning as well as ... more |
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  First Nations Community Awarded For Large Solar Instalment  Solar pond could produce fresh water  XsunX Achieves Crucial Development Milestone |
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