Energy Update
UNITED NATIONS, Nov 30 (Reuters) - The United Nations
Security Council imposed new sanctions on North Korea on
Wednesday that aim to cut the Asian state's annual export
revenue by more than a quarter in response to Pyongyang's fifth
and largest nuclear test in September.
LONDON, Nov 30 (Reuters) - Royal Dutch Shell, the
world's second-biggest publicly listed oil company, is studying
acquisitions in the green energy sector, its CEO told Reuters,
as it bows to shareholder demands for a strategy beyond fossil
fuels.
BRUSSELS, Nov 30 (Reuters) - The European Commission
unveiled a reform of Europe's power grid after 2020 on
Wednesday, proposing to cut energy waste, better integrate
renewables and phase out subsidies for coal-fired electricity
generation.
AMSTERDAM, Nov 30 (Reuters) - The Dutch government on
Wednesday proposed a 33 percent increase in its budget for
renewable energy projects in 2017, as it attempts to catch up
after lagging on its 2020 emission reduction targets.
NEW YORK/HOUSTON, Nov 30 (Reuters) - In a corner of the
prolific Bakken shale play in North Dakota, oil companies can
now pump crude at a price almost as low as that enjoyed by OPEC
giants Iran and Iraq.
AMSTERDAM, Nov 30 (Reuters) - The Dutch government on
Wednesday proposed a 33 percent increase in its budget for
renewable energy projects in 2017, as it attempts to catch up
after lagging on its 2020 emission reduction targets.
TOKYO, Nov 30 (Reuters) - Japan's trade minister on
Wednesday dismissed concerns that boosting economic ties with
Russia as part of a push for progress on a decades-old
territorial row would mainly benefit Moscow, saying any business
deals would be "win-win" for both.
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