Posted inBusiness

Oil climbs, but price in Maine declines

NEW YORK — Oil prices soared on promising economic news out of Europe and the U.S. Benchmark crude on Tuesday rose $3.34, or 3.6 percent, to end the day at $97.22 per barrel in New York. Brent crude, which is used to price foreign oil that’s imported by many U.S. refineries, rose $3.09, or 3 […]

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Price collapse of carbon market hurts ability to fight pollution

BRUSSELS — Europe’s main weapon in the battle against climate change is now fighting for its own survival. In early January, investors in the continent’s cap-and-trade system still had to pay about 14 euros ($18.30) for the right to emit one ton of carbon dioxide into the air. By last week, the price of one […]