Energy Update
Just over a year ago, California’s SB 350 became law and was rightly celebrated for its boldness and impact, increasing the state’s renewable energy mix to 50 percent and doubling energy efficiency buildings.
SAO PAULO, Nov 23 (Reuters) - Federal prosecutors and
Odebrecht SA have agreed on the world's biggest plea and
leniency deal under which the embattled engineering conglomerate
would pay around 7 billion reais ($2.1 billion) in fines related
to its role in Brazil's biggest corruption scandal, local media
reported.
The emergence of floating wind power in France took another step forward earlier this month when the government announced two winners to a call for floating wind pilot plants.
MANILA, Nov 23 (Reuters) - Philippine President Rodrigo
Duterte said on Wednesday he was taking steps to open up the
economy to new players and foreign investors, including in
power, energy and telecoms, to share its wealth and limit graft
and protectionism.
BRUSSELS, Nov 23 (Reuters) - The European Union is "aware
and acting on" a report that Russian tankers had carried jet
fuel to Syria through the bloc's waters despite it being banned,
a source said on Wednesday.
BAGHDAD, Nov 23 (Reuters) - Iraq is willing to cut its crude
oil output as part of OPEC's plan to reduce global supply and
boost crude prices, Prime Minister Haider al-Abadi told
reporters on Wednesday in Baghdad.
Nov 23 (Reuters) - U.S. crude oil stocks fell last week
after three straight weeks of builds as imports dropped and
refineries hiked output, while gasoline inventories rose sharply
amid weak demand, U.S. Energy Information Administration data
showed on Wednesday.
NEW YORK, Nov 23 (Reuters) - The U.S. government on
Wednesday issued final requirements for biofuel use for next
year, saying energy companies must boost the amount of
renewables in the nation's fuel supply in a move that drew
praise from the biofuels sector after years of criticism.
NEW YORK, Nov 23 (Reuters) - Exxon Mobil 's giant oil
refinery in Baton Rouge, Louisiana, was operating at planned
rates on Wednesday after a fire Tuesday, according to a person
familiar with the plant's operations.
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