Mike Anderson News
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Australia’s first review of its emission-reduction targets will try to sidestep the political questions surrounding carbon markets, according to the head of the newly formed Climate Change Authority.
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Australia will lower its expected revenue from selling carbon allowances after the European Union, its partner in a cap-and-trade system set to start in 2015, failed to win support for lifting record low prices.
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Indonesia is considering raising gasoline prices for privately owned cars by as much as 56 percent, as the government seeks to reduce the amount it spends on fuel subsidies.
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Asia will fail to sustain its economic rebound or protect its environment without changing the way it produces and consumes energy, according to the Asia Development Bank.
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Shenzhen, a Special Economic Zone designed to promote market policies in China, will begin emissions trading on June 17, the first announced start date among the country’s regional carbon exchanges.
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Mike Anderson agreed to become head coach of the men’s basketball team at the University of Arkansas, where he spent 17 years.
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West Texas Intermediate oil swung between gains and losses after the biggest advance in two weeks as U.S. crude stockpiles unexpectedly fell and manufacturing accelerated in China.
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The House Ethics Committee opened investigations to determine whether two congressmen, Republican Don Young of Alaska and Democrat Robert Andrews of New Jersey, improperly spent campaign funds for personal use.
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Lotte Chemical Corp. bought four naphtha cargoes totaling about 100,000 metric tons for second- half April delivery to South Korea, according to two traders who participate in the market.
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OPEC’s output may rise in the second quarter to meet increasing demand from refiners, indicating prices will increase as spare production capacity is reduced, Morgan Stanley said.
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