Economic stimulus plans being rolled out across the world could commit countries to rapid growth in greenhouse gas emissions, and cancel out the green initiatives included within them, analysis has found. The packages of tax cuts, credits and extra spending have been trumpeted for their environmental credentials by the governments proposing them, but a closer look shows that green spending accounts for only a small part of the bigger initiatives - The Financial Times
Drax group, the owner of Europe's largest coal-fired power station, is monitoring the market for a good opportunity to refinance its £370M gross debt. However, the company said it did not need to urgently alter its financing as it had £130M cash and its debt facilities did not expire until the end of the year - The Daily Telegraph
The European Commission's backing for carbon capture and storage technology in a €5bn ($6.3bn, £4.5bn) economic stimulus package has sparked fresh division in a process that has already been riven with infighting among member states. The package, unveiled in January by José Manuel Barroso, the European commission president, was intended to support long-term EU energy policy while also providing near-term stimulus for an ailing economy. Since then, carbon capture technology has become central in a skirmish between member states over funding, which will also support offshore wind and inter-connections for gas pipelines. After some manoeuvring, Italy and France managed to snag an additional €150m of carbon capture and storage projects, according to a revised draft - The Financial Times
Drax group, the owner of Europe's largest coal-fired power station, is monitoring the market for a good opportunity to refinance its £370M gross debt. However, the company said it did not need to urgently alter its financing as it had £130M cash and its debt facilities did not expire until the end of the year - The Daily Telegraph
The European Commission's backing for carbon capture and storage technology in a €5bn ($6.3bn, £4.5bn) economic stimulus package has sparked fresh division in a process that has already been riven with infighting among member states. The package, unveiled in January by José Manuel Barroso, the European commission president, was intended to support long-term EU energy policy while also providing near-term stimulus for an ailing economy. Since then, carbon capture technology has become central in a skirmish between member states over funding, which will also support offshore wind and inter-connections for gas pipelines. After some manoeuvring, Italy and France managed to snag an additional €150m of carbon capture and storage projects, according to a revised draft - The Financial Times
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