Category 2 Hurricane Paula passed 60 miles east of the resort town of Cancun, Mexico this morning, packing maximum sustained winds of 100 mph, according to catastrophe modeling firm AIR Worldwide. With hurricane force winds extending only 15 miles outward …
Hurricane Paula, the ninth hurricane of the busy 2010 Atlantic season, churned toward the east coast of Mexico’s Yucatan peninsula Tuesday, putting the tourist hub of Cancun on high alert. A hurricane warning was in effect for the eastern Yucatan …
The Gulf of Mexico oil spill will push up costs and reduce the number of offshore oil and gas operators in U.S. waters for a long time to come, oil company executives told an industry conference in London on Tuesday. …
China said on Friday that rich nations must lock in fresh vows to slash greenhouse gas output to unblock talks for a new climate change deal, while some negotiators said Beijing was holding progress hostage. The feuding over the future …
U.S. oil explorers are talking about forming a new insurance fund that would cover the costs of any future oil spill, to avoid a scenario where smaller companies are unable to drill offshore, a senior industry executive said on Thursday. …
The 2010 Atlantic hurricane season has been very active in the number of storms but is likely to go down as a non-event for most people in the United States, which has so far dodged a major landfall, the top …
Climate change commentators have often spoken of capital markets as a source of funding, but many hurdles have to be overcome before institutional investors will allocate money to environmental projects in developing countries, according to Standard & Poor’s. There is …
The United States said on Wednesday U.N. climate talks were making less progress than hoped because of a rift over poorer nations’ emission goals, and that other avenues might be needed to tackle climate change. Negotiators from 177 governments are …
Greenhouse gas cuts vowed by rich nations remain far from enough to escape dangerous global warming, a top Chinese climate official said on Tuesday, urging talks over a new climate change pact to confront the shortfall. China is the world’s …
