Gas Pipeline Explosion Kills 2 in Poland
While the U.N. climate summit continued in Warsaw Thursday, a village in western Poland was rocked by a gas pipeline explosion that ignited homes and killed at least two people. At least 13 others were injured. One witness said she thought the world was ending.
EU Fines 6 Banks $2.3 Billion for Global Rate Fixing
The European Union has issued a $2.3 billion fine against six major financial firms over the rigging of global interest rates. The banks and brokers were found to have colluded to alter the benchmark for rates on trillions of dollars in transactions across the globe, meaning millions of borrowers paid the wrong amount on their loans. The rigging covered the Euro Interbank Offered Rate, or Euribor, and London Interbank Offered Rate, or Libor. All six banks are from Europe or the U.S., including JPMorgan and Citibank. The banks UBS and Barclays were hit with around $2 billion in fines last year.
Sainsbury’s Is Now the UK and Europe’s Largest Rooftop Solar PV Operator
Sainsbury’s has claimed the title of the largest rooftop PV operator in the UK and Europe with an impressive total output of 16MW. Across 169 of its UK stores, Sainsbury’s has secured 69,500 PV solar panels on its rooftops. The new panels will help them cut their CO2 emissions by an estimated 6,800 tonnes per year, while reducing their energy consumption and lowering their overall utility bills.