U.K. Government Split Over Carbon Market After Brexit

(Bloomberg) —



a man wearing a suit and tie: Rishi Sunak


© Bloomberg
Rishi Sunak

U.K. Chancellor Rishi Sunak’s Treasury is locked in a battle with Alok Sharma’s Business Department over how to ensure polluters pay for their emissions after Brexit.

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The Treasury is pushing to replace the European Union’s cap-and-trade system with an economy-wide carbon tax, which would come into effect after Britain exits the bloc in January. The Department for Business, Energy and Industrial Strategy is drawing up a new emissions-trading system to start in January similar to the EU program that the U.K. currently participates in.

One person familiar with the debate predicted that an ETS was a likely option, and a hybrid is also being considered. A decision is expected soon. It is likely to be announced by Dec. 12, when Prime Minister Boris Johnson will co-host a United Nations meeting on climate action, where he is expected to reveal a new 2030

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U.K. Government Split Over How to Charge Polluters After Brexit

(Bloomberg) —



a man wearing a suit and tie: Rishi Sunak


© Bloomberg
Rishi Sunak

U.K. Chancellor Rishi Sunak’s Treasury is locked in a battle with Alok Sharma’s Business Department over how to ensure polluters pay for their emissions after Brexit.

Loading...

Load Error

The Treasury is pushing to replace the European Union’s cap-and-trade system with an economy-wide carbon tax, which would come into effect after Britain exits the bloc in January. The Department for Business, Energy and Industrial Strategy is drawing up a new emissions-trading system to start in January similar to the EU program that the U.K. currently participates in.

One person familiar with the debate predicted that an ETS was a likely option, and a hybrid is also being considered. A decision is expected soon. It is likely to be announced by Dec. 12, when Prime Minister Boris Johnson will co-host a United Nations meeting on climate action, where he is expected to reveal a new 2030

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Society split on remedy as Holohan returns to helm

Many people spent Monday scratching their heads trying to understand what had happened since last week to justify the National Public Health Emergency Team’s shock escalation of their concerns.

Last Thursday, acting chief medical officer Dr Ronan Glynn wrote to the Government noting a number of trends of concern but said “the current epidemiological data does not strongly support a move to Level 3 nationally at this time”.

Just three days later, chief medical officer Dr Tony Holohan, back at the helm after a period of personal leave, recommended nationwide Level 5 measures for four weeks.

In tone and content, the two letters are similar, and many of the trends highlighted by Holohan are the same as those mentioned by Glynn the week before, with some deterioration in figures over the few days.

However, the second letter highlights other trends not mentioned in the first, and these may have clinched

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Split EU lawmakers rap Bulgaria on rule-of-law failings

BRUSSELS (Reuters) – The European Parliament turned up the heat on Bulgaria on Monday as lawmakers debated a resolution that highlights flaws by the EU’s poorest member in respecting the rule of law, combating endemic corruption and supporting media freedom.

A vote is expected later this week on the resolution that challenges Prime Minister Boyko Borissov’s governance after almost three months of anti-graft protests in Bulgaria that seek his resignation.

Thousands of Bulgarians have been rallying daily since July, accusing three-times premier Borissov of eroding democratic rules and allowing corrupt practices that support oligarchs and businesses close to his centre-right GERB party.

In a heated debate, lawmakers from the socialist party family, as well as the Greens and liberals slammed Bulgaria’s government for backsliding on democratic values and abuse of EU funds.

MEPs from the centre-right group EPP, to which Borissov’s own party belongs, defended Borissov as a pro-European leader.

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Kelly Clarkson Sued by Father-in-Law’s Management Company amid Split from Brandon Blackstock

Kelly Clarkson Reveals She ‘Didn’t See’ Divorce ‘Coming’ as She Says Priority Is to ‘Protect’ Kids

“We know the best thing here is to protect our children and their little hearts,” Kelly Clarkson said

Kelly Clarkson is being sued by her management company, which is owned by her estranged husband Brandon Blackstock’s father, Narvel Blackstock

According to documents obtained by PEOPLE, Starstruck Management Group filed a lawsuit in Los Angeles Superior Court on Tuesday, claiming the singer owes over $1.4 million in unpaid commissions this year, in addition to the $1.9 million she already paid. The Blast was first to report the news.

Starstruck has represented Clarkson, 38, for the last 13 years, and the singer reportedly had a verbal contract with the Nashville-based company since 2007 outlining that she would pay them 15% commission on her gross earnings.

The lawsuit claims Clarkson hasn’t paid the total commission for her

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Oil Plant That Threatened to Split Sweden’s Government Is Halted

(Bloomberg) — One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.



a large ship in a body of water: Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.


© Bloomberg
Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.

Preem AB has decided to withdraw all applications for a 1.6 billion kronor ($176 million) expansion of its Preemraff refinery outside Lysekil on the Swedish west coast, the company’s board said in a statement.

While the plans had already received the necessary environmental permits, the Swedish government had earlier

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Sweden’s Government Dodges Green Split After Oil Plans Shelved

(Bloomberg) — One of the Nordic region’s biggest oil refineries has halted an expansion that threatened to break up Sweden’s governing coalition, comprising the Social Democrats and the Green Party.



a large ship in a body of water: Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.


© Bloomberg
Fuel storage tankers sit on the dock at Vartahamnen harbour at the Port of Stockholm, Sweden, on Tuesday, Oct. 15, 2016. Oil tanker rates jumped to a four month high as traders booked the most cargoes for the time of year on record, offering signs that Middle East producers could be adding barrels to the market just before OPEC embarks on its deepest output cuts in eight years.

Preem AB has decided to withdraw all applications for a 1.6 billion kronor ($176 million) expansion of its Preemraff refinery outside Lysekil on the Swedish west coast, the company’s board said in a statement.

While the plans had already received the necessary environmental permits, the Swedish government had earlier

Read More