Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Green Ink: Gas, Naturally
Posted on August 25, 2008
Crude futures recouped lost ground after Russia recognized two breakaway republics, raising fresh fears about tensions in the Caucasus, Bloomberg reports. Conflict with Russia also threatens to scupper the civilian nuclear-technology pact dear to the Bush administration, the WSJ reports (sub reqd.). What will China do now? To keep growing, China needs to use energy more efficiently, but that wont happen until energy is priced at market levels, notes the WSJ (sub reqd.). In the meantime, big players like Sinopec are paying the price, as below-market fuel prices lead to a 77% drop in profit, als...
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