Wednesday, January 11, 2012

Vestas Restructuring May Cut Jobs While Keeping Engel as CEO - Bloomberg

Vestas Wind Systems A/S (VWS) tomorrow plans to announce organizational changes that may cut thousands
of jobs at the world’s biggest wind turbine maker while preserving the position of Chief Executive Officer Ditlev Engel.

Forecast prompts eastern Newfoundland schools to close - Nfld. & Labrador - CBC News

Wabush was reporting a wind chill of -45 C and Nain reported -40 C.

North Dakota Surpasses OPEC Member Ecuador in Oil Production - Bloomberg

North Dakota oil production surged 42 percent to 510,000 barrels a day in November, exceeding the
output of OPEC member Ecuador, as energy explorers accelerated drilling in the Bakken Shale formation.

Climate Talks Should Fix CO2 Price, Not Cap, Neuroscientist Says - Bloomberg

It’s probably better to allow nations to determine how to implement the price, he said. “I agree, though, that it’s a little bit of a difficult sell.”

His plan would potentially set a price of $8 a ton and jump $8 a year, reaching $64 in 2020. Richer nations would contribute to a Green Climate Fund for use by poor nations based on their historical responsibility for heat-trapping gases, as well as their wealth. The rising price will quickly make non-fossil-fuel technology viable, cutting emissions, according to the plan.

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