China, India & the US still at loggerheads after a week at 2011 Durban Climate Conference

adminEnergy Efficiency, International, Utilities Market Regulation

Representatives from 194 countries around the world have been at COP17 in climate talks for the past week trying to get Kyoto II signed, but the US, China & India are barely even talking. With global carbon emissions higher than ever before, the UNFCCC is pushing hard for a successor to the Kyoto Protocol, but the two fastest growing economies … Read More

OPEC decides on no cuts to crude oil output

Web MasterInternational, Wholesale Utilities Markets

The intergovernmental consortium has decided not to further reduce the amount of crude oil exported in fear of damaging the global economy. The Organisation of Petroleum Exporting Countries (OPEC) controls 40% of the world’s oil. The decision came at a meeting in Vienna, and it was unclear as to what OPEC would decide, given that Algeria and Libya were calling … Read More