Category Archives: Climate Change

USA to give larger Tax Credits for Home Insulation

As part of the American Recovery and Reinvestment Act the tax credit for home improvements has been increased from 10 percent to 30 percent of the cost and the maximum amount of the credit has been increased from $500 to $1,500. the original … Continue reading

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Oil below $50 for first time in more than 3 years

Oil prices sank under $50 a barrel in London this afternoon, reaching the lowest levels for three and a half years, as the market reacted to weak energy demand. Brent North Sea crude for delivery in January tumbled to

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Hurricane Ike aims at Texas

Hurricane Ikecontinues its path over the Gulf of Mexico targeting landfall in Texas very near the U.S. offshore oil patch. Yesterday Ike toppled decrepit buildings in Cuba’s capital and ripped through the carribean island. Ike, now a Category 1 storm … Continue reading

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Opec Cuts production to keep oil above $100

The price of oil rose again this morning on the announcement by Opec of a surprise cut in production. This is an attempt to halt the recent correction in the cost of a barrel of crude. The price of crude … Continue reading

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Brace yourself for Hanna the Huricane

The latest Tropical Storm, Hanna knocked out power to the southern Bahamas and authorities from Nassau to South Carolina warned residents to prepare for

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New Orelans still at risk

The Mayor of New Orleans, Ray Nagin, gave residents the go-ahead to return to the s US southern city today, but with some warnings – many homes are without electricity or working toilets

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