International oil producers are girding for carbon emission costs that may surge to almost 10 times the current prices in Europe, the world’s largest greenhouse gas market, as governments around the world step up efforts to curb climate change.
At each of Electricite de France SA’s 58 nuclear reactors, there’s a water tank that stores spent atomic fuel rods, keeping them cool and trapping deadly radiation. The country’s atomic watchdog is concerned they aren’t safe enough.
Vladimir Putin wasn’t having a great day. The Russian president had spent the August morning in a helicopter over Khabarovsk, near the Chinese border, surveying flood damage that had left tens of thousands of people homeless.
Tokyo Electric Power Co. successfully removed the first nuclear fuel rods today from a cooling pool at the wrecked Fukushima nuclear plant, an early milestone in decommissioning the facility amid doubts about whether the rods had been damaged and posed a radiation risk.
Tokyo Electric Power Co. plans this month to begin removing spent fuel from the wrecked Fukushima Dai-Ichi nuclear facility, the most significant test to date of its ability to contain the threat stemming from the worst nuclear disaster since Chernobyl.
Six years after its banks collapsed under a ton of toxic mortgages, and three years after receiving a $93 billion international bailout, Ireland is about to make history: On Dec. 15, it will be the first euro-area country to emerge from its rescue program.
European Union Economic and Monetary Affairs Commissioner Olli Rehn said a debt restructuring in the euro area would cause a “chain reaction” in the banking industry and he ruled out such an operation for Greece.
A decision by Greece to give up the euro would trigger a chain reaction that would force Spain and Portugal out of the common currency, European Parliament President Martin Schulz said in an interview with Frankfurter Allgemeine Zeitung in which he warned against such a step.
An exit from the euro by Greece would cause a chain reaction in other crisis countries within the currency area as citizens rush to withdraw savings from banks, Oxford University professor Clemens Fuest said, Germany’s Handelsblatt newspaper reported, citing an interview.