Top 10 Environmental & Energy Headlines from UK Carbon credits are licences to emit carbon dioxide or “permits to pollute”- and are seen as a vital weapon in the battle against climate change. The Planning Act 2008 introduces a new regime for authorising sixteen types of nationally significant infrastructure project (NSIP). This entry focuses on one of these – electricity generation. There is much diversity in accounting for extractive industries under International Financial Reporting Standards (IFRS). Ever since John Reid’s famous statement that the UK Home Office (his department at the time) was "not fit for purpose", this term has been heard increasingly frequently in the media, applied to a range of situations. Perhaps it is timely to consider its proper application. In the current credit crunch, with the oil price half what it was a year ago, and with environmental concerns about fossil fuel power stations and safety concerns about nuclear generation, there are some interesting trends to be found in the oil, gas and energy (‘energy’) industries. On 8 July 2009, the European Commission announced that it had fined each of E.On (including its subsidiary E.On Ruhrgas) and GDF Suez EUR 553 million for operating a market-sharing agreement. A low carbon economy and farming – we look at how the DECC's proposals could bolster small-scale renewable power. Last week the employment appeal tribunal upheld a controversial decision of an employment tribunal that an individual’s views on climate change are capable of being a philosophical belief for the purposes of the Employment Equality (Religion or Belief) Regulations 2003 (the "Regulations"). The Landfill Tax (Amendment Regulations) 2009 came into force on 1st September. UK companies and organisations with substantial electricity consumption are slowly coming to terms with the Carbon Reduction Commitment (CRC) program – the UK government's mandatory trading CO2 emissions trading scheme -- and those that haven't are running out of time to do so. | 
