New U.S. Report Says Climate Change Already Having Impact

The U.S. Global Change Research Program released a landmark report on climate change on May 6, put together by over 300 experts across multiple government agencies. The National Climate Assessment (NCA) finds that climate change is already affecting the U.S. – from changing weather patterns to increased floods, wildfires, droughts, pest outbreaks and more. “Climate […]

China Passes Major Environmental Rules

In a clear sign that the growth-at-all-costs policy that has governed the Chinese economy for a generation is changing, Beijing has unveiled a slate of stronger environmental laws aimed at, among other things, curbing chronic smog in its major cities. Back in March, Chinese Premier Li Keqiang declared a war on pollution and this legislative package, […]

U.S. Funds Nervous About U.S. Sanctions On Russia

Several U.S. funds are concerned about the investment risk posed by potentially broad economic U.S. sanctions on Russia in response to Moscow’s actions in Ukraine. According to Reuters, securities filings submitted by major funds show that fund managers believe that there is a major downside risk to investments in Russian assets. If the U.S. and Europe […]

Japan Cuts Solar, Raises Wind Tariff

Japan slashed the rate that solar power earns on the grid by 11%, down to 32 Yen (31 cents) per kilowatt-hour. Beginning in the new fiscal year in April, projects that come online will receive that lower rate for 20 years. Japan instituted the most generous feed-in-tariff in the world after the Fukushima meltdown, in an effort […]

Nigeria’s Missing Oil Money Sparks Political Crisis

Over a month after Nigerian President Goodluck Jonathan suspended the country’s Central Bank governor after he blew the whistle on $20 billion in oil money allegedly missing from state coffers, a forensic audit team has still not been formed. Officially, President Jonathan suspended Central Bank Governor Lamido Sanusi in mid-February because of “financial recklessness and misconduct” and “far-reaching irregularities” […]

China Declares War on Pollution

On March 5, China’s Premier Li Keqiang declared war on pollution, outlining significant steps the Chinese government will take to improve air quality. China has suffered from truly epic smog over the last two winters, choking its cities’ inhabitants and cutting off visibility. The pollutants in the air have surpassed hazardous levels, at times jumping […]

Iran Reveals Details on New Contracts With IOCs

Iran announced new details on how it will design contracts with international companies seeking to develop Iranian oil and gas reserves, according to Bloomberg. At a conference in Tehran, Iranian officials stated that they will provide incentives for companies developing riskier fields in an effort to lift production. Iran appears to be planning for the eventual […]

Russia Claims to be Close to Making a Deal with Ukraine

Russia has hinted that it is close to agreeing a deal with Ukraine to offer a loan and lower natural gas prices in an effort to help Kiev avoid an economic crisis, and keep the country under Moscow’s influence. Already opposition to Ukrainian President Viktor Yanukovich has begun to prepare another rally to protest against […]

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