Kate Mackenzie Spot news

Beijing rejects UK Copenhagen criticisms (FT)

BASIC climate change alliance crumbling already (FT)

How China wrecked the climate deal (Guardian)

Opec indicates $70 – $80 oil price target (FT)

Nations may miss Copenhagen’s Jan 31 deadline, Orteo says (Bloomberg)

Batista’s OGX finds up to 2bn barrels of oil in Brazil (Bloomberg)

Solar power boost for US rental outfits (FT)

Gazprom gives Ukraine more time to pay (FT)

Russia welcomes end to gas dispute (FT)

BP faces probe by US, Alaska officials over oil spill (Bloomberg)

Saudi Arabia approves record budget (FT)

CNPC gets exclusive operating rights to China-Burma oil pipeline (Xinhua)

Devon divests $1.3bn of GoM assets (Rigzone)

Macarthur in coal consolidation deals (FT)

Energy, financials, may lead rebound in takeovers, survey shows (Bloomberg)