"After years of volatility, oil prices have found a level that seems to satisfy producing nations, oil companies and major consumers. But in the wake of the economic crisis and the collapse in demand, a new reality has also set across the petroleum industry. Today’s price of around $70 a barrel is increasingly viewed as a new floor for the industry."

"Cod is slipping closer to disappearing from key European fishing grounds, officials warned Friday, saying that only steep catch cuts will prevent the disappearance of a species prized for centuries for its flaky white flesh."

"Representatives of the world's biggest carbon polluters began two days of informal talks in London on Sunday to map out common ground 50 days before a key UN climate conference in Copenhagen."