Investors could lose $4.2tn due to impact of climate change, report warns

Private investors stand to lose $4.2tn (£2.7tn) on the value of their holdings from the impact of climate change by 2100 even if global warming is held at plus 2C, a report from the Economist Intelligence Unit (EIU) has warned.

Climate change threatens 50 years of progress in global health, study says

Climate change threatens to undermine half a century of progress in global health, according to a major new report.

Oil Slump Gives Calgary Tower-Building Opportunity, Mayor Says

The oil price downturn is creating a building opportunity for commercial real-estate developers in Calgary, home to Canada’s petroleum industry, rather than deterring investment, Mayor Naheed Nenshi said.

Alberta Fires Keep 10% of Oil Sands Offline for Third Day

Wildfires in northern Alberta kept about 10 percent of Canada’s oil sands production offline for a third day as Bank of America Corp. warned the blazes may slow the economy.

Norway’s PM Relieved as Nation Avoids Crisis of Sub-$45 Crude

Norwegian Prime Minister Erna Solberg is breathing easier now that western Europe’s biggest crude producer looks poised to avoid the peril of oil prices sinking below $45 per barrel.

Australia could source 100% of power from renewables by 2050, report finds

Australia is well placed to reduce emissions at low cost because the costs of carbon-free technologies such as wind and solar have fallen significantly in recent years.

China pollution levels hit 20 times safe limit

Days of heavy smog shrouding swathes of northern China pushed pollution to more than 20 times safe levels on Friday, despite government promises to tackle environmental blight.

Germany is most energy efficient major economy, study finds

Germany is the world's most energy efficient country with strong codes on buildings while China is quickly stepping up its own efforts, an environmental group said Thursday.

China's pollution levels spark boom in sale of air purifiers and face masks

Sales of air purifiers and face masks are booming in China as citizens attempt to protect themselves from the lung-choking smog that plagues many of the country's cities.

Energy crisis saps power from South African economy: experts

Port Elizabeth (South Africa) (AFP) - The South African economy, the biggest in Africa and a top emerging market, is being held back badly by a crisis at the sclerotic state-owned electricity provider Eskom, experts say.

Water shortages could disrupt Britain's electricity supply, researchers warn

Parts of Britain may be under water after the worst floods in half a century, but a team of top academics from Newcastle and Oxford University is warning that the country is at risk of water shortages that could shut down power stations and paralyse electricity supplies.

Oil price volatility undermines economic growth, says Sir David King

Governments need to deter oil speculators, set aside reserves of crude oil and take steps urgently to reduce their dependence on fossil fuels in order to escape price volatility that undermines stable economic growth, according to a report co-authored by one of Britain's top scientists.

Crude Rises Above $100 as U.S. Supplies Fall

West Texas Intermediate crude rose above $100 a barrel for the first time in two months after a government report showed U.S. supplies fell to the lowest level since September. Prices capped a second weekly gain.

'Worrying' decline in oil and gas production

The sharp decline in production of oil and gas from under British waters is "worrying" industry leaders. Trade body Oil and Gas UK says there is record investment this year of £13.5bn.

Oil above $106 after China shows recovery signs

BANGKOK (AP) -- The price of oil rose slightly Monday after improved Chinese economic data last week suggested demand for crude might increase.

U.S. Gasoline Rises to $3.6746 a Gallon in Lundberg Survey

The average price for regular gasoline at U.S. pumps rose 8.38 cents in the past two weeks to $3.6746 a gallon, according to Lundberg Survey Inc.

Drastic reduction in new home energy efficiency targets

Energy efficiency targets for all new homes built in Wales have been cut drastically by the Welsh government. Building regulations will require an 8% cut in carbon emissions from next year, rather than the planned 40%, saving £4,000 on the cost of building a house.

Cameron Says Oil, Mineral Companies Need Improved Transparency

U.K. Prime Minister David Cameron set his sights on oil, gas and mining companies in his drive for greater corporate and government transparency ahead of the summit of G-8 industrialized nations next month.

Crude Trims Biggest Weekly Gain Since June on U.S. Growth

West Texas Intermediate crude fell, trimming the biggest weekly increase since June, as the U.S. economy grew less than expected in the first quarter.

Drop in gas prices benefits US drivers, economy

NEW YORK (AP) -- A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive.