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In the papers today - 21 June

An American company is poised to dump iron filings in the sea off the Galapagos Islands in an experiment to remove carbon dioxide from the atmosphere. Planktos Inc, a 'geo-engineering' company intends to sell carbon 'credits' to individuals who want to offset their personal greenhouse gas emissions - The Daily Telegraph
By lending its name to the re-christened Millennium Dome, O2 has taken on one of the toughest rebranding challenges imaginable. The O2 entertainment complex opens its doors this weekend and the company hopes that it will more than recoup the £90m it is investing in the brand association - The Independent Storms wreaked havoc across the country yesterday as torrential rain brought power cuts, travel chaos and some of the worst flooding for a decade. Some were trapped in their cars and homes by flash floods while thousands of others were left without electricity after lightning strikes overnight knocked out overhead lines - The Daily Telegraph Britain could meet much of its future energy demand by turning waste products such as wood, plastic bags and even human sewage into transport fuels, scientists said yesterday. So-called 'second generation' biofuels could also be produced from agricultural waste such as straw, as well as farmed energy crops such as willow, and would be free of the controversies that surround current green fuels - The Guardian The organisers of the London 2012 Olympics expect to take full possession of the huge site in Stratford next month without having to resort to a series of mass evictions. Issues with a handful of residents, businesses and travellers still have to be resolved, but the Olympic Delivery Authority will be able to begin construction in earnest when the land is handed over to it on 27 July - exactly five years before the Olympic flame is lit in London - The Guardian A gold rush of new investment into renewable power over the past 18 months has led the United Nations to conclude that clean energy could provide almost a quarter of the world's electricity by 2030. More than £35bn was injected into wind and solar power and biofuels in 2006, 43% more than the preceding year. Sustainable energy accounts for only 2% of the world's total but the UN says 18% of all power plants under construction are in this sector - The Guardian The company charged with a £17bn overhaul of the London Underground network is expected to seek a review of its controversial public-private partnership contract today as it battles escalating costs. Metronet is expected to request an 'extraordinary review' of the deal to settle a dispute over who should pay for overspending. The official estimate of the figure is £750M, but Metronet said recently that the deficit has widened. According to reports, it could be more than £1bn - The Guardian Heathrow's chief executive has admitted that the conditions experienced by passengers in London's main airport are unacceptable, and that they are unlikely to improve significantly before the opening of Terminal Five in March next year. Responding to a torrent of criticism from business leaders about 'Heathrow hassle', Tony Douglas said he walked through the terminals almost every day and regularly saw things that made him cringe - The Financial Times

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