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Chinas CNOOC to acquire Canadian oil sands producer OPTI for $2.1B

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CNOOC is China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world. The Group mainly engages in exploration, development, production and sales of oil and natural gas.

Oil-Sands 218
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Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

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At issue is the 2012 expiration of the Kyoto Protocol, a binding but effectively unenforceable 1997 treaty that had set greenhouse gas (GHG) emission reduction targets for 40 industrialized countries, referred to as Annex 1 countries, yielding an average GHG reduction of 5.2% “ We are not aiming to let anyone off the hook.

Climate 236
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Perspective: Why Carbon Emissions Should Not Have Been the Focus of the UN Climate Change Summit and Why the 15th Conference of the Parties Should Have Focused on Technology Transfer

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Post Bali, two approaches to Intellectual Property Rights (IPRs) have been articulated: Cuba, India, Tanzania, Indonesia, China and others argue that IPRs needs to be addressed as a barrier within the technology transfer discussion; Australia and the US argue that IPRs is a catalyst, rather than a barrier, to technology transfer.