The UN climate summit reached the Cancun Agreement here early Saturday - but there was no mention of the extent to which industrialised countries would commit to reduce greenhouse gas (GHG) emissions after 2012, when the Kyoto Protocol's commitment period ends.Nor was there any agreement on a second commitment period of the protocol, only a decision to keep talking about it. The Kyoto Protocol is currently the only legally binding...

Pfizer tried a new antibiotic on 200 children, allegedly without sufficient documentation. When federal authorities pressed charges, the pharma giant hired investigators to probe attorney general Michael Aondoakaa's and put pressure on him to drop the federal cases.The world’s biggest pharmaceutical company hired investigators to unearth evidence of corruption against the Nigerian attorney general in order to persuade him to drop legal action over a controversial drug trial involving children...

India has agreed to allow a market mechanism in a forestry scheme, Reduced Emissions from Deforestation and Degradation (REDD), though critics claim this may weaken the traditional forest rights of tribals.However, environment minister Jairam Ramesh insisted REDD schemes would have no impact on India as most of the money will go to Brazil and Indonesia. “We will receive a negligible amount,” he said, while noting India didnot oppose the market...

The decision of the Group of Ministers (GoM) to force mining companies to share 26 per cent of their profits with local and project affected people hasn’t gone down well with the industry.Union Mines Minister B K Handique had said the Bill in this regard had been approved by the GoM.Hemant Nerurkar, managing director, Tata Steel, said: “I don’t think that is the way forward. Look at the world: no...

Despite objections from the coal ministry and concerns of the Planning Commission, a GoM under finance minister Pranab Mukherjee - discussing the new Mines and Mineral (regulation and development) Act 2010 - approved the proposal of sharing 26% net annual profits from the mining activity with displaced locals. The Bill replacing a 53-year-old law can be introduced in the ongoing session, minister for mines BK Handique said after the GoM meet...