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STRASBOURG, France, July 8 (Reuters) - The European Parliament approved a proposal to begin reform of the world's biggest carbon market in 2019, clearing the last major hurdle before the plan can become law.

STRASBOURG, France, July 8 (Reuters) - The European Parliament on Wednesday approved a proposal to begin reform of the world's biggest carbon market in 2019, clearing the last major hurdle before the plan can become law.

* Firm in eastern France says holds 11-12 tcf of gas reserves

LONDON, July 8 (Reuters) - The head of the Libyan Investment Authority (LIA) has launched a campaign to try to convince the world - and Libyans - that it should be allowed to actively manage the portfolio's roughly $67 billion in assets.

--Clyde Russell is a Reuters columnist. The views expressed are his own.--

BEIJING, July 8 (Reuters) - Both China and Taiwan have an obligation to assert claims to the South China Sea, China's Foreign Ministry said on Wednesday, in a sign of rare political agreement between the old foes on either side of the Taiwan Strait.

July 8 (Reuters) - Pipeline company Energy Transfer Equity LP said it planned to proceed with its proposal to buy rival Williams Companies Inc despite being rebuffed, indicating it may go hostile with the offer.

RIO DE JANEIRO, July 8 (Reuters) - The predecessor and mentor to Brazil's president says she is running on empty.

FRANKFURT, July 8 (Reuters) - Germany's deferral of the death sentence for its coal sector still condemns power producers to the suffering of engrained falling prices for electricity, analysts say.

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