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China Limits Cars and Closes Factories in Smog Red Alert

The number of cars on roads was limited and factories were temporarily shut in some northern Chinese cities on Monday to reduce pollution during a national smog red alert. More than 700 companies stopped production in Beijing and traffic police…

European Commission Approves Drax Biomass Subsidy

The share price of Britain’s biggest power station operator has jumped to a five-month high after the European commission approved subsidies for its conversion to burn wood pellets instead of coal. Drax was awarded a renewable energy subsidy contract by…

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