Energy Update
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose on
Wednesday to its highest close since September 2014, when it
reached a record high, as investors bet that the rally in oil
prices will lead to better growth in corporate earnings.
NEW YORK, Jan 4 (Reuters) - The former chief executive
officer of a company linked to troubled hedge fund manager
Platinum Partners was convicted of criminal tax fraud on
Wednesday, New York's attorney general said in a statement.
WASHINGTON, Jan 4 (Reuters) - Rex Tillerson, President-elect
Donald Trump's nominee for secretary of state, won over
Republicans during meetings at the U.S. Senate, but Democrats -
who want to delay his confirmation - said on Wednesday they want
more information about his record.
The U.S. National Park Service has proposed protecting thermal features within New Mexico’s Valles Caldera National Preserve from possible adverse effects of geothermal power development near the preserve.
MOSCOW, Jan 4 (Reuters) - Russian state holding company
Rosneftegaz on Wednesday closed a deal with the Qatar Investment
Authority (QIA) and commodities trader Glencore to sell
a 19.5 percent stake in state-owned oil major Rosneft,
Rosneft said.
Spain’s government has announced it will launch a technology neutral auction for 3 GW of renewable energy capacity at the start of this year. The announcement came from energy minister Alvaro Nadal on Dec. 14 as he spoke to the nation’s parliament.
With the possibility of greater gasoline exports, the US market may become more dependent on imports to make up the shortfall.
It seems counterintuitive, doesn’t it? If utilities are in the business of selling kilowatt-hours, then why would it make sense for them to help customers produce enough of their own kilowatt-hours that they don’t need to buy them from the utility anymore?
I try, often as not, to refrain from raising problems without suggesting something by way of useful answers. There are those times, of course, when anything approximating an upbeat response is simply beyond the ken or need wait for events to catch up.
LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools
at a mine and copper processing plant belonging to Konkola
Copper Mines (KCM), a unit of Vedanta Resources, in a
dispute over the pace of wage talks, a union official said on
Wednesday.
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