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Record number of shareholder calls for US, Canadian energy firms to disclose environment risks
21 February 2011Energy companies in the US and Canada are facing a burgeoning shareholder revolt over inadequate disclosure of environmental risks.
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Philips commits €2bn for green R&D
18 February 2011Electricals giant Royal Philips Electronics says it will commit €2 billion ($2.7 billion) towards green R&D investment over the next five years, and is aiming for 'green products', such as low-energy electricals and PVC-free televisions, to account for half of its sales by 2015.
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Chevron investors shrug off $8.6bn pollution fine
17 February 2011An Ecuadorian court has a slim chance of enforcing an $8.6 billion pollution fine against Chevron, according to one lawyer, and investors seem unconcerned with the development.
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Republicans to block Obama's green spending plan?
17 February 2011Renewable energy and energy efficiency were major winners in President Barack Obama's proposed budget, but a fiscal battle with Congressional Republicans casts serious doubt on the likelihood of any funding increases.
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Figueres voices support for carbon tax
17 February 2011Christiana Figueres, the shepherd of UN climate change talks, this week voiced support for a carbon tax to address global warming.
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Emerging market executives take lead on sustainability – survey
17 February 2011'Sustainable' business practices are seen as more important in the developing world than in developed countries, according to a survey of executives – and the gap is set to widen.
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Leading investor plays down Climate Change Committee independence threat
17 February 2011Environmental groups fear the independence of the UK's Climate Change Committee (CCC) could be threatened – or worse, the committee could be scrapped – under a public bodies bill which could shift control over the CCC's structure to government ministers. However, a leading carbon market commentator has downplayed the threat.
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Carbon Trust looks to private sector to plug funding gap
17 February 2011UK climate advisory group The Carbon Trust anticipates a 40% cut in government funding next month, prompting the group to scale-back operations, axe jobs and intensify its push for private sector funding.
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Climate action delay could cost $8 trillion, warns Mercer
17 February 2011The economic cost of carbon emissions over the next 20 years could amount to $8 trillion, according to a study by investment consultants Mercer.
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LED group targets $150m IPO
17 February 2011Florida-based Lighting Science Group aims to raise $150 million in an initial public offering (IPO).