Financial Regulatory Forum

G20 to agree phase-out of fossil fuel subsidies – draft

An employee fills a car with petrol at a gas station in Jammu, India July 1, 2009. By Jeff Mason and Darren Ennis
PITTSBURGH, Sept 25 (Reuters) – The world’s largest economies will agree to phase out subsidies on oil and other carbon dioxide-spewing fossils fuels over the “medium term” in an effort to fight global warming, a G20 document said.

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FTC issues rule to fight oil manipulation

NEW YORK, Aug 6 (Reuters) – The U.S. Federal Trade
Commission said on Thursday it would impose $1 million per day fines on energy traders engaged in price manipulation, a strong signal of the Obama administration’s desire to crack down on fraud in the oil markets.

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