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Worst (best) case climate scenario will cost Norway $1.1 trillion

13.12.2018 2:34

December 13, 2018 3:34 PM
OSLO (BLOOMBERG) - If the world went all out in its fight against fossil fuels it would cost Norway more than US$800 billion (S$1.1 trillion), almost the same amount it has stashed in its massive sovereign wealth fund.

Tags: Fuel
From: www.straitstimes.com

Fueled by Jamal Khashoggi murder, Senate poised to open historic debate on U.S. role in Yemen war

13.12.2018 2:12

The Senate will vote Wednesday on a measure to end U.S. military support for the Saudi-led war in Yemen, where a civil war has killed thousands

Tags: Murder, Audi, USA, Fuel
From: news.yahoo.com

BJP set for defeat in two key state elections, in blow to Modi ahead of national vote

13.12.2018 2:12

India’s ruling Hindu nationalist Bharatiya Janata Party (BJP) on Tuesday lost three key state elections to the opposition Congress party, in a blow to the momentum of prime minister Narendra Modi ahead of a national poll in the spring.  The opposition Congress Party is now set to succeed BJP governments in Rajasthan, Chhattisgarh and the crucial state of Madhya Pradesh, in the biggest defeat for Mr Modi since taking office in 2014. The three rural heartland states powered Mr Modi to a landslide victory in that years general election, in which the BJP singlehandedly secured a parliamentary majority for the first time in 30 years, bringing an era of coalition governments to a close. "We accept the people's mandate with humility," Mr Modi wrote on Twitter. "Victory and defeat are an integral part of life. Today's results will further our resolve to serve people and work even harder for the development of India."  Analysts said the BJP’s dissatisfying performance would galvanise the secularist Congress and other regional parties in the run-up to general elections that must be held by next May. “The electoral outcome in these three states could seriously dent the BJP’s political fortunes in the upcoming general elections,” said political analyst Seema Mustafa of the Centre for Policy Research in New Delhi. Profile | Narendra Modi The results indicate that voters have not been wholly convinced that Mr Modi has fulfilled ambitious promises on taking office of economic security, employment and improved social services. Millions of farmers were the worst hit section of voters in all states where polling took place for several weeks till 7 December.   “Agrarian distress was the BJP’s bane in these polls,” said Milind Dero of the Congress Party. Around 12,000 farmers have committed suicide each year since 2013 - or around 33 per day- because of debt, declining crop procurement prices, rising fertiliser and fuel costs and corruption. Farmers in all three states that went to the polls were also adversely affected by the demonetisation of high value currency notes that Modi abruptly imposed in November 2016, leading to widespread hardship. It forced farmers, almost entirely dependent on a cash-based rural system to take on further debt, which in turn, prompted scores to take their lives largely by consuming pesticide. The Congress Party wins were also a major boost for the political credibility and standing of Rahul Gandhi, the fourth generation 48-year old scion of the Nehru-Gandhi dynasty, who took charge of his party from mother Sonia exactly a year ago. Many analysts and Congress Party insiders had previously dismissed Mr Gandhi as a “light weight” politician, mocking his many public gaffes, but today’s state election outcome is leading to a reassessment. “Rahul Gandhi should get full credit,” said Congress Party leader Shashi Tharoor, who campaigned against the party’s leader, adding that Mr Gandhi’s hard-fought campaigning had won him over.  State-level elections are not perfect indicators of the national mood, analysts noted, but the BJP setbacks are a reversal of the trend that has seen it increase the number of states it controls since 2014. In Rajasthan, initial results showed the Congress Party with 99 seats to the BJP's 73 - 89 fewer than in the last election. And in neighbouring Madhya Pradesh, politically the most vital of all states that went to the polls, Congress had taken 113 seats to the BJP's 111, out of 230.  In Chhattisgarh the Congress Party was ahead in 68 constituencies in a 90-member assembly with the BJP on just 16. Responding to the tallies, a BJP member of India’s upper house, Sanjay Kakade, said:  “I am of the opinion the BJP should stick to the development agenda and not to caste, changing names of cities, or temples. We need to revert to the track of development.” The Election Commission will formally declare the final results today (Weds).

Gilets Jaunes Come to Brexit Britain’s Rescue

13.12.2018 1:15

The gilets jaunes’ protests in France have caused a pretty stunning volte face from President Emmanuel Macron, with more than 10 billion euros ($11.4 billion) of minimum wage and pension tax changes proposed this week. Alongside France’s already-announced reversal of a fuel tax rise, this could increase France’s deficit by as much as 0.6 percentage points to about 3.4 percent of gross domestic product. “Le spread” of 10-year French government bonds to German bunds has widened by 10 basis points in December, creating the biggest gap since Macron was elected in May 2017.

From: news.yahoo.com

Poverty and demand from China fuel illegal Cambodia surrogacy

13.12.2018 0:12

Commercial surrogacy was banned in 2016, but trade has continued as government discusses formal legislation.

From: www.aljazeera.com

Professor models system using baking soda filled capsules to capture CO2 emissions

13.12.2018 0:09

Coal and natural gas represent the majority of the US energy supply. Even with pollution controls, burning these fossil fuels for energy releases a tremendous amount of carbon dioxide into the atmosphere. Research uses microcapsule technology that may make post-combustion carbon capture cheaper, safer, and more efficient.

From: www.sciencedaily.com

U.S. military ends search for five Marines missing off Japan

12.12.2018 21:11

The U.S. military ended a search on Tuesday for five Marines missing in the sea off Japan since two Marine Corps aircraft were involved in an accident during an air-to-air refueling exercise on Dec. 6. The five missing crew of a KC-130 Hercules refueling plane were officially declared deceased. "We know this difficult decision was made after all resources were exhausted in the vigorous search for our Marines," Lieutenant Colonel Mitchell Maury, commander of the U.S. Marine Corps' (USMC) Marine Aerial Refueler Transport Squadron, said in a statement.

Tags: EU, Japan, Fuel
From: news.yahoo.com

China's Zhoushan to go after Singapore marine hub's top billing

12.12.2018 21:07

China's port city of Zhoushan is planning to challenge Singapore's dominance of the multi-billion dollar shipping fuel industry, relying on proximity to some of the world's biggest ports and Beijing's support to give it an edge.

From: feeds.reuters.com

5 missing Marines declared dead in warplanes crash off Japan

12.12.2018 20:14

TOKYO (AP) — The U.S. military said Tuesday that five missing crew members have been declared dead after their refueling plane collided with a fighter jet last week off Japan's southern coast, and that search and recovery operations have ended after finding only one survivor.

From: news.yahoo.com

French Government Avoids No-Confidence Vote In Wake Of Street Protests

12.12.2018 19:17

Left-of-center lawmakers in France have tabled a motion of no confidence in the French government following repeated protests and scenes of violence, CNBC reports. The "gilets jaunes" ("yellow vests") crisis started as a demonstration against a carbon tax policy and planned fuel tax increases, but it has morphed into wider discontent at the leadership of President Emmanuel Macron. Now representatives from the French Communist Party, the Socialist Party and the far-left populist movement France Unbowed (La France Insoumise) have come together to table the motion against Macron's government. The government of Georges Pompidou in 1962 was successfully toppled by such a motion, but few believe...

From: article.wn.com

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