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Falling profit margins for German utilities threaten CO2 prices

LONDON, May 23 (Reuters Point Carbon) – European carbon prices could face more downside in the near-term amid falling profit margins for coal-burning utilities in Germany, Europe’s top economy, which hit a two-year low last week, an analyst said on Thursday.

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Deutsche Bank's CO2 offset portfolio for sale: sources

LONDON, May 22 (Reuters Point Carbon) – Deutsche Bank is hunting for a buyer for its U.N. carbon offset portfolio, once worth hundreds of millions of dollars, two sources said on Wednesday, as the German bank seeks to sell one of the last pieces of its shuttered global carbon trading business.

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ANALYSIS-German households pay for lower industrial power prices

LONDON/FRANKFURT, May 21 (Reuters) - German households are paying for ever cheaper wholesale power supplies to industry as the government uses money from soaring domestic bills to subsidise renewable energy, in turn creating overcapacity on the country's grid.

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U.S. Supreme Court declines to hear Alaska climate change case

WASHINGTON, May 20 (Reuters) - The U.S. Supreme Court on Monday declined to hear an Alaskan village's claim that it should be able to sue oil companies and utilities for damages attributed to climate change.

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Barclays breached Chinese walls to buy Tricorona, court hears

LONDON, May 16 (Reuters Point Carbon) – Barclays broke a contractual agreement and misused confidential information to buy a Swedish company that invests in carbon credits, lawyers said on Thursday, presenting opening arguments in an 82-million euro ($105 million) lawsuit on behalf of a former client of the British bank.

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Statoil to call tender for carbon capture technology

OSLO, May 15 (Reuters) - Norwegian oil and gas firm Statoil will call a tender in the coming weeks to acquire technology for a full-scale carbon capture plant at a power plant at Mongstad in west Norway, a company official said.

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Poland’s PGE cuts emissions by 4.5 pct in Q1

LONDON, May 15 (Reuters Point Carbon) – Polish-owned PGE, one of Europe’s largest utilities, cut its carbon dioxide emissions from power generation by 4.5 percent in the first three months of 2013 compared to a year ago, it said on Wednesday.

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TABLE: EU power firms report rise in power, CO2 hedging rates

LONDON, May 15 (Reuters Point Carbon) – Some of Europe’s biggest power companies have increased the rate at which they sell power on a forward basis, meaning demand for coal, gas and carbon in the second half of this year may be lower than previous years.

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RWE steps up forward power sales, Q1 emissions fall

LONDON, May 15 (Reuters Point Carbon) – RWE will likely require fewer carbon units through the remainder of 2013 compared to previous years after the German utility posted lower emissions in Q1 and ramped up the rate at which it hedges forward power.

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Australia takes A$6 bln writedown after EU CO2 price fall

BEIJING, May 14 (Reuters Point Carbon) – The collapse in European carbon prices has forced Australia to slash its carbon price forecast for 2015 by 58 percent, wiping A$6 billion in revenue from its federal budget over the next four years.

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BMW CEO raps EU calls for stiffer car emissions goals

MUNICH, Germany, May 14 (Reuters) - German carmaker BMW has criticised calls by European Union lawmakers for even greater fuel efficiency by 2025, warning their demands would hurt European industry in competition with the United States and China.

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Nuclear board rules San Onofre restart requires public input

HOUSTON, May 13 (Reuters) - An independent nuclear regulatory panel on Monday called for a full public hearing on the proposed restart of one of the two damaged San Onofre nuclear reactors, a move that will delay Southern California Edison's plan to run the plant this summer.

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ArcelorMittal warns of Europe steel demand, S.Africa CO2 risks

LONDON, May 10 (Reuters) – ArcelorMittal, the world’s largest steelmaker, on Friday said it faced weak European demand for its products this year and rising carbon costs at its South African operations from 2015, adding it did not raise any cash from selling spare EU carbon credits in the first quarter.

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Market fears CO2 price slump on hedging slowdown

LONDON, May 9 (Reuters Point Carbon) – European carbon prices, trampled to record lows recently, could face more downside in the next few months if current CO2 permit demand from utilities fades and lawmakers continue to dither over whether to cut supply, analysts said this week.

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Auctions help EEX lift CO2 revenues 76 pct in 2012

LONDON, May 8 (Reuters Point Carbon) – German energy bourse EEX grew its carbon trading revenues by 76 percent in 2012 after it held more government CO2 permit auctions than the previous year, it said Wednesday.

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