Energy Update
NEW YORK, Dec 6 (Reuters) - Philadelphia Energy Solutions
Chief Executive Officer Phil Rinaldi plans to retire effective
March 2017, according to a memo sent to employees on Tuesday and
obtained by Reuters.
MILAN/London, Dec 6 (Reuters) - European shares rose on
Tuesday for a second day with banking stocks surging to an
11-month high as investors dipped back into a beaten-down sector
following Italy's constitutional referendum on the weekend.
Dec 6 (Reuters) - An environmental group said on Tuesday it
had filed a lawsuit against De Beers Canada, accusing the
diamond producer of failing to report toxic levels of mercury
and methylmercury at its Victor Diamond mine in northern
Ontario.
LONDON, Dec 6 (Reuters) - Oil trading house Gunvor has given
shares allocated to managers and traders a nominal value of
nearly $900 million, filings seen by Reuters show, as co-founder
Torbjorn Tornqvist diluted his stake in a bid to expand the firm
and recruit and retain talent.
BRASILIA, Dec 6 (Reuters) - The leaders of Brazil's Senate
refused on Tuesday to accept a Supreme Court injunction removing
its indicted president, Senator Renan Calheiros, and said it
would wait for a ruling by the court's plenary on Wednesday.
The $1.5 billion privatizations of two of China’s biggest solar companies have been thrown into doubt because of concerns they may run afoul of a government effort to keep more of the nation’s money supply at home.
Kenya Power Company, Kenya’s largest power utility, should come up with technical regulations that require only solar PV inverters with smart grid management functions are connected to its distribution grid.
The Missouri Basin Municipal Power Agency d/b/a Missouri River Energy Services applied Dec. 1 to the Federal Energy Regulatory Commission for a preliminary permit, good for up to three years of feasibility work on the 1,200-MW Gregory County Pump Storage Project in South Dakota.
President-Elect Trump has repeatedly claimed that climate change is a “hoax,” and has appointed notorious climate denier Myron Ebell to run the transition team for the Environmental Protection Agency (EPA).
LONDON, Dec 6 (Reuters) - Oil trading house Gunvor has given
shares allocated to managers and traders a nominal value of
nearly $900 million, giving the firm a minimum nominal value of
$2.3 billion, filings seen by Reuters show.
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