MACKAY, Australia (AP) — The Australian mining boom built over a decade on Chinese hunger for energy and raw materials is turning into bust for many business owners as China's cooling growth reverberates through a country accustomed to winning from the rise of an Asian economic giant.
BEIJING (AP) — Voracious demand for wood to feed factories for exports and satisfy wealthier consumers at home has turned China into a magnet for the illegal timber trade, causing other countries to strip their forests as Beijing does little to discourage the practices, an environmental group said in a report released Thursday.
The Australian government pushed a new 30 percent tax on big mining companies through Parliament on Monday but faces an uphill battle to reduce the tax burden on struggling companies outside the booming commodities sector.
The Senate passed the legislation 38 votes to 32, allowing the government to take a bigger slice of profits from a mining boom driven by Chinese and Indian demand for raw materials.
In an abrupt move, Scott O’Malia, a Republican on the Commodity Futures Trading Commission, has tendered his resignation to President Obama effective Aug. 8, after spending more than four years as a CFTC regulator, Platts reports.
The replacement for the departing Deputy Administrator Bob Perciasepe at EPA could come from the ranks of the agency’s regional administrators, according to E&E, with enforcement chief Cynthia Giles another possibility.
Energy Secretary Ernest Moniz was talking about infrastructure challenges in the age of drilling in the Bakken and Marcellus Shale, while he was being questioned about the role of renewable and sustainable energy over the long term, during a session at Carnegie Mellon University Monday that was linked to the Obama administration's Quadrennial Energy Review, the Pittsburgh Post-Gazette reports.
Apache should stick to drilling in the U.S. and sell off its international operations, as it’s lagging behind companies that operate exclusively in American shale, according to a letter sent Monday by activist investor and hedge fund Jana Partners LLC, which owns at least a billion dollar stake in the company, The Wall Street Journal reports.
An experiment in carbon capture technology at a Saskatchewan power plant will have to be replicated many times if the fight to rein in greenhouse gas emissions is to gain any traction, The New York Times reports.
An analysis by the group Media Matters found more air time on Sunday talk shows was devoted to climate change issues during the first half of this year than in the last four combined, The Hill reports.
Conservationdrones.org is working to boost the use of the small unmanned craft for conservation purposes around the world, from monitoring illegal fishing in Belize to keeping track of seabird populations in Australia to studying caribou in Greenland, The New York Times reports.