Sweden's nuclear power regulator may close down all 10 of the country's reactors, after problems at one plant forced it to be shut down and two other were switched off as a safety precaution.
Last week's failure of a back-up power system at a reactor operated by Vattenfall, the Swedish energy company, activated the reactor's emergency systems and forced its closure. - Financial Times
An urgent project on the scale of the Apollo moon landings is needed to boost research into green energy sources and save the planet from environmental disaster, according to Britain's top scientist. Writing in the US journal Science today, Sir Martin Rees, president of Britain's most prestigious scientific institute, the Royal Society, expresses dismay at G8 leaders' 'worrisome lack of determination' to accelerate development of new energy sources, given the expected 50% rise in the world's energy needs - and carbon dioxide emissions in the next 25 years. - Guardian
Britain's biggest train operator has been ordered by the rail regulator to improve its dismal punctuality record. First Great Western has frequently resorted to ferrying stranded passengers in taxis to their West Country destinations because of repeated problems.The Office of the Rail Regulator has told the company, which is owned by FirstGroup, to come up with an accelerated improvement plan and forecasts of how the changes will be reflected in punctuality records. - Telegraph
Shell has clashed with the Russian government over an oil project off Sakhalin Island which has already attracted the wrath of Environmentalists and run way over budget. The latest setback comes days after Shell, BP and other western firms were hit by a back-tax claim, albeit much smaller than the one which finally sent Yukos into bankruptcy this week.The natural recourses ministry in Moscow says it will go to court to halt construction of a Shell pipeline that could be a safety hazard because part of it is susceptible to mudslides. - Guardian
GKN has bought two US companies as the automotive and aircraft parts maker unveiled strong first-half results. The company is thought to have paid $200m (£110m) for aerospace company Stellex Aero structure and construction and mining equipment company Rockford Powertrain. - Telegraph