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President Felipe Calderon

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Report: Curbing Fossil Fuel Addiction Will Cost Billions

The world must spend an extra $700 billion a year to curb its addiction to fossil fuels blamed for worsening floods and heat waves and rising sea levels, a study issued by the World Economic Forum (WEF) showed on Monday.As government and business leaders prepare to meet at the forum in Davos, Switzerland this week, the world's nations are divided over who should pay for lowering emissions of greenhouse gases blamed for a growing number of extreme weather events.Recessions in Western economies since the global financial crisis have slowed carbon emission growth but also left governments with scarcer state funds to channel into green technologies.The Green Growth Action Alliance, which compiled the study on behalf of the WEF, said the extra spending was needed to promote other forms of energy generation and greater efficiency in sectors including building, industry and transport.The $700 billion, part of which would promote cleaner energies such as wind, solar or hydro-power, would be on...

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  1. Mexican President Calderon Tells U.S. to Strengthen its Gun Control

    Dallas Tea Party Activist Katrina Pierson on Mexican President Felipe Calderon telling the U.S. to review its gun control policy after the shooting in Aurora, Colorado.

  2. Mexican President Tells U.S. to Strengthen its Gun Control

    Dallas Tea Party Activist Katrina Pierson on Mexican President Felipe Calderon telling the U.S. to review its gun control policy after the shooting in Aurora, Colorado.

  3. Mexican President Tells U.S. to Strengthen its Gun Control

    Dallas Tea Party Activist Katrina Pierson on Mexican President Felipe Calderon telling the U.S. to review its gun control policy after the shooting in Aurora, Colorado.

  4. Mexican President Tells U.S. to Strengthen its Gun Control

    Dallas Tea Party Activist Katrina Pierson on Mexican President Felipe Calderon telling the U.S. to review its gun control policy after the shooting in Aurora, Colorado.

  5. Mexico's Calderon: Hope For Deal On IMF Resources At G-20 Summit In June

    Mexican President Felipe Calderon said Tuesday the "end of the tunnel" on the global financial crisis is in sight, with hopes that Group of 20 leaders can announce a...

  6. Mexican Government Says Won't Investigate Alleged Walmex Bribes

    The Mexican government said late Monday it sees no need to itself investigate retailer Wal-Mart de Mexico SAB (WALMEX.MX) amid allegations that the company paid brib...

  7. Walmex Offers Vehicle To Tap Emerging Market Consumer Spending

    Wal-Mart Stores Inc. (WMT) investors might do well to pay more attention to Wal-Mart de Mexico SAB (WALMEX.MX, WMMVY), a high-growth emerging market play in which Wa...

  8. Spanish Prime Minister Says YPF Expropriation Unjustified

    PUERTO VALLARTA, Mexico -(Dow Jones)- Spanish Prime Minister Mariano Rajoy said Tuesday that Argentina's decision to nationalize Spanish-controlled oil company YPF S...

  9. Mexico Deplores Argentina's Decision To Renationalize Top Oil Firm

    PUERTO VALLARTA, Mexico -(Dow Jones)- Mexico's President Felipe Calderon Monday deplored Argentina's decision to renationalize oil company YPF SA (YPF), saying the e...

  10. The Eight Countries Taxing Business Most

    Many of the world's industrialized countries have scrambled to cut their corporate tax rates to stay competitive in the face of the economic crisis. The United State...

  11. Ford to Invest $1.3B in Northern Mexico Plant

    U.S. carmaker Ford Motor Co will invest $1.3 billion in its stamping and assembly plant in the northern Mexican city of Hermosillo, creating 1,000 jobs, a top compan...

  12. Mexico's Slim Aims for U.S. Internet TV This Year

    Mexican billionaire Carlos Slim is financing an Internet TV network that will include an interview show with former CNN television host Larry King , and could be run...

  1. Mexico's New President to Take Office

    Enrique Peña Nieto promises an agenda of free enterprise, efficiency and accountability.

  2. Indigenous Groups Protest Mexico's Biggest Wind-Energy Project

    Mexican fishermen and indigenous groups from the southern state of Oaxaca protested Wednesday in front of the Mexico City offices of participants in a wind-energy pr...

  3. Mexico Offers Free HPV Vaccines to Prevent Cervical Cancer

    The Mexican government has launched an aggressive campaign to reduce the spread of human papillomavirus, offering free vaccines for school-age girls in a country whe...

  4. Calderón Says Mexico "A Better Neighbor"

    Felipe Calderón says he will be leaving behind "a stronger nation and a better neighbor."

  5. Pemex CEO Outlines Overhaul Options for Mexico's Oil Giant

    Mexico state-owned oil company Petroleos Mexicanos, or Pemex, isn't in crisis with its ample reserves of crude-oil and natural gas, but it needs to be given greater ...

  6. Pemex Makes First Big Oil Find in Gulf's Deep Waters

    Mexican state-owned oil firm Petroleos Mexicanos, or Pemex, has made its first big crude-oil discovery in the deep waters of the Gulf of Mexico, near the Mexico-U.S....

  7. Mexican President Tells U.S. to Strengthen its Gun Control

    Dallas Tea Party Activist Katrina Pierson on Mexican President Felipe Calderon telling the U.S. to review its gun control policy after the shooting in Aurora, Colorado.

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