News bites: Oil demand forecast cut as economy flounders

Bloomberg reports that the International Energy Agency again cut its 2012 global oil demand forecast amid gloomy economic signals.

Australian lawmakers took a major step toward implementing a carbon tax, The Los Angeles Times reports.

The Globe and Mail reports that Canadian companies once leery of dealing with climate change now “realize that it may provide a significant business opportunity.”

Bob Graham, the co-chair of the now-disbanded presidential panel that probed the BP oil spill, warns that “wildcat” culture brings continued risks of offshore spills. The Houston Chronicle has the story.