Latest news
South African Tourism Minister urges EU to suspend ETS scheme for 2 years
During a speech at the Air Transport Action Group (ATAG) in Geneva, South African Tourism Minister Marthinus van Schalkwyk has urged the European Union to suspend the inclusion of aviation in the European Union Emissions Trading Scheme (EU ETS) for two years, in order to provide the industry with time to come to a multilateral global negotiation under International Civil Aviation Organization (ICAO).
read more... 29/03/2012
Japan to support solar and wind power
According to Nikkei newspaper, Japan’s government will “relax” regulations on renewable energy projects in order to promote businesses to raise the use of alternative electricity generation sources.
read more... 27/03/2012
Shell and CNPC to jointly explore the Chinese shale gas block
The energy major, Royal Dutch Shell has inked the first-ever production-sharing contract with China’s CNPC in order to explore and produce shale gas from the Fushun-Yongchuan shale gas block in the Sichuan Basin, China.
read more... 22/03/2012
EU ban on Iranian oil
EU foreign ministers decided on 23 January 2012 to ban new contracts to import petroleum and petroleum products from Iran and to end existing contracts by 1 July 2012. On 17 March 2012, the SWIFT electronic banking network, the world hub of electronic financial transactions, ordered to disconnect all Iranian banks from its international network that had been identified as institutions in breach of current EU sanctions.
read more... 20/03/2012
Enel to cut costs in order to reduce debt
Enel plans cuts in its dividend payouts and investments over the next five years in order to diminish its debt and keep its credit rating. Mentioning over the share price fall, Fulvio Conti, the chief executive announced the 2012-16 business plan which establishes lower expected growth targets amid a cloudy outlook for Italy and Spain which was needed to clear the situation.
read more... 09/03/2012