Ahead of the UN Conference in Copenhagen next month, the US has announced its target for cutting greenhouse gas emissions – which ‘will be widely regarded as far from satisfactory in its detail‘, says The Independent. Are disputes over ‘waste and corruption‘ at Naftogaz inhibiting stronger relations between Ukraine and the EU? ‘Dealing with Russia has probably been the biggest failure in the attempt to make European foreign policy. To formulate such a policy, the EU needs to frame a single energy policy.‘ The price of oil in New York has fallen as US inventory levels reached a four-week high. The world’s first test plant to harness osmotic power, an emission-free source of energy, has opened in Norway.