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Fukushima plant situation "not under control," TEPCO official says

A senior official of Tokyo Electric Power Co. admitted during a meeting with opposition lawmakers on Friday that the massive radioactive water buildup at the crippled Fukushima Daiichi nuclear power plant is "not under control." The government quickly rushed to play down the remark by Kazuhiko Yamashita, who holds TEPCO's executive-level title of fellow, as that view directly contradicts Prime Minister Shinzo Abe's statement last week to the International Olympic Committee in pushing Tokyo's bid to host the 2020 Summer Olympics.

Food waste is the third-biggest carbon emitter in the world, UN says

ROME, Italy – The food the world wastes accounts for more greenhouse gas emissions than any country except for China and the United States, the United Nations said in a report on Wednesday. Every year about a third of all food for human consumption, around 1.3 billion tons, is wasted, along with all the energy, water and chemicals needed to produce it and dispose of it. Almost 30 percent of the world's farmland, and a volume of water equivalent to the annual discharge of the River Volga, are in effect being used in vain.

Should Norway trade fjords for oil?

OSLO — There are few more scenic places in the world to cast a ballot than the Lofoten Islands. But potential riches offshore have turned this tranquil archipelago into a battleground for the future of Norway's oil wealth.

Record radiation levels recorded at Fukushima

Radiation readings around tanks holding contaminated water at the crippled Fukushima nuclear plant have spiked by more than a fifth to their highest levels, Japan's nuclear regulator said, heightening concerns about the clean-up of the worst atomic disaster in almost three decades.

Keystone decision not likely until 2014; senators urge end to delays

WASHINGTON — The fate of TransCanada's Keystone XL pipeline isn't likely to be determined until 2014, almost a decade after the Calgary-based energy giant first conceived of the project. The US State Department said in a recent statement to the media that it won't release its final environmental assessment of the $7-billion pipeline until it's pored over and published more than a million public comments on its draft ecological analysis. Those efforts, ongoing since March, could be completed this week.

Venezuela blackouts blamed on 'sabotage'

CARACAS (Reuters) — A blackout hit much of Venezuela including the capital Caracas on Tuesday, but the oil industry was not affected and the government said it expected power to be restored within hours. The cut struck a dozen of the South American country's 24 states and caused traffic chaos in parts of Caracas and other cities. The OPEC nation's oil refineries, which are powered by separate generator plants, were not affected.

The Fukushima nuclear complex is still not under control

TOKYO — More than two years after the massive Tohoku earthquake and tsunami, high levels of radiation are escaping into the ground and the atmosphere from a damaged container filled with water used to treat Fukushima Daiichi nuclear plant. The incident marks the second phase of a nightmare that threatens the long-term fate of the country. 

The great Mexican gamble: Can Big Oil save the country's economy?

MEXICO CITY — President Enrique Peña Nieto on Monday called for constitutional changes to open Mexico's moribund petroleum and electricity industries to private investment for the first time in 75 years, while keeping a national grip on the resources themselves.

David Cameron supports fracking in UK

British Prime Minister David Cameron's explicit backing of fracking – the controversial process of recovering gas and oil from rock, which has divided communities across the U.K. – was welcomed by analysts on Monday.

What Tesla must change to compete in China

Tesla Motors is making a move into the Chinese market, but first it has to change at least one thing about the electric Model S: the backseat. Asked about the company's plans for China during a conference call for investors Wednesday, CEO Elon Musk declined to go into detail, saying he would save that for next quarter's call. He did mention the challenge of adapting the Model S to a market where premium cars are commonly driven by chauffeurs, not their owners.
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