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In the papers today - 8th May 2008

More than half of the environmental targets the government has set itself since 1997 will not be reached, research suggests. . . .

Sixty per cent of Labour's targets on issues ranging from biodiversity to climate change have already been missed, are unlikely to be achieved, or are so vaguely worded as to make analysis of whether they have been met impossible, says a report by the Policy Exchange think-tank - The Independent

A monumental, lifelike white horse is the early favourite to become the largest piece of public sculptureBritain has ever produced. At cost of £2m, it will be more than twice as expensive as Antony Gormley's celebrated Angel of the North - The Guardian

Willie Walsh, British Airways' chief executive, strained the truce between the airline and BAA yesterday by claiming that incomplete construction work on Heathrow's Terminal 5 contributed to the building's botched debut. Walsh told MPs that staff were unable to finish training sessions and were disorientated when the building opened on March 27, contributed to a breakdown in the baggage handling system that forced the cancellation of more than 500 flights - The Guardian

The Government is on course for an embarrasing showdown with the European Union, business groups and environmental charities after refusing to guarantee that billions of pounds of revenue it stands to earn from carbon-permit trading will be spent on combating climate change. The dispute follows the publication yesterday of a discussion document by the Department of Environment, Food and Rural Affairs (Defra) outlining how the UK will operate phase three of the EU's Emissions Trading Scheme, which begins in 2012 - The Independent

Fossil hunters were warned to keep away yesterday after a landslide, described as the "biggest in 100 years", destroyed 400 metres of a World Heritage coastline. Experts were assessing the damage along the Jurassic Coast between Lyme Regis and Charmouth in Dorset after the rock fall on Tuesday evening - The Daily Telegraph

Iberdrola, the Spanish energy group, was understood last night to be putting the final touches to a bid for British Energy, the nuclear generator. Iberdrola, the owner of Scottish Power, is expected to submit an offer before a deadline set for tomorrow by Rothschild, the investment bank handling the sale - The Times

More of the UK's 100 biggest listed companies are looking to get rid of pension liabilities because the price of offloading their risk has fallen - Financial Times

British Airways took a "calculated risk" in pressing ahead with the opening of Heathrow airport's Terminal 5 in the full knowledge it had "compromised" on staff training, Willie Walsh, BA chief executive, said yesterday - Financial Times

The Conservatives stepped up the pressure on the government to issue a statement on the "surreptitious auction" of British Energy, by warning that the official silence on the nuclear generator's sale ruled out cross-party consensus on energy security - Financial Times

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