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Civil engineering in the news today - Tuesday 16 December

Vital spending on energy infrastructure such as power stations and gas storage sites is threatened by the financial crisis, which has hit the supply of investment funds, the industry regulator has warned...

Alistair Buchanan, chief executive of Ofgem, told the Financial Times that energy companies were having to manage “some tremendous pressures”, including the rising cost of finance - The Financial Times

Australia yesterday pledged to cut its greenhouse gas emissions by 5%-15% by 2020, but the reductions were condemned by environmentalists as inadequate in the battle against global warming - The Guardian

Barack Obama declared that he could save the planet and the American economy yesterday as he sought to drag the political spotlight away from the scandal surrounding Illinois governor Rod Blagojevich. He said that the creation of millions of new green jobs, including public works to ensure buildings are energy efficient, would be an engine for economic recovery rather than an impediment on growth as America embarks on a "journey to a new frontier" - The Times

China's once ravenous hunger for energy is weakening at a record rate, compounding the pressure on OPEC to slash global oil production this week by as much as 2M barrels a day to prevent a glut. With China's economy slowing sharply, the country's electricity output during November fell 9.6% from a year ago to just over 254bn kilowatt-hours, according to official figures published yesterday - The Times

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