Business of Water

Peru declares emergency in 14 regions on El Nino worries

LIMA - Peru has declared a 60-day state of emergency in towns in 14 regions to brace for possible damage from the climate pattern El Nino in the rainy season, state media reported Sunday.

French renewables power grid pilot shows limits of batteries in Europe

NICE, France - A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

Environment, 9:15am BST

Scientists convinced European heat waves boosted by climate change

LONDON (Thomson Reuters Foundation) - As Germany and Spain sweated and London sweltered through its hottest July day on record this week, scientists said it is "virtually certain" that climate change is increasing the likelihood of such heat waves in Europe.

Environment, 03 Jul 2015

BP reaches $18.7 billion settlement over deadly 2010 spill

HOUSTON - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

Environment, 03 Jul 2015

Timeline: BP oil spill, litigation at a glance

- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said.

Environment, 03 Jul 2015

Factbox: BP settlement payouts to coastal states in 2010 oil spill

BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill.

Environment, 03 Jul 2015

White House says hopes BP settlement to help Gulf region recover from spill

ABOARD AIR FORCE ONE - The White House said on Thursday it was pleased to see an agreement reached with BP to end litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico oil spill.

Environment, 03 Jul 2015

Factbox: BP's $18.7 billion oil spill deal by the numbers

HOUSTON - BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history.

Environment, 03 Jul 2015

BP reaches $18.7 billion settlement over deadly 2010 spill

HOUSTON - BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history.

Environment, 02 Jul 2015

Timeline: BP oil spill, litigation at a glance

- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said.

Environment, 02 Jul 2015
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China’s cities see clean air, water as magnet for investment

Despite severe air pollution, local and provincial officials in the Chinese city of Nanchang are trying to clean it up and make it more attractive for foreign investment, making the city an important test case for efforts to ease the environmental damage from unchecked economic growth.