Energy Update
A proposed 300-MW pumped storage hydropower plant combined with 600-MW solar PV plant is taking shape in Chile. Valhalla, the team behind the Espejo de Terapaca plant said in an interview that it has hired Marathon Capital to help find strategic investors in the project.
OTTAWA, Sept 28 (Reuters) - A decision on a proposed plan by
Kinder Morgan Inc to double the capacity of its Trans
Mountain crude pipeline will be made on its own merits and is
not linked to the government's approval of a major liquefied
natural gas project, Energy Minister Jim Carr told reporters on
Wednesday.
TORONTO, Sept 28 (Reuters) - Canada's Artis Real Estate
Investment Trust is looking to sell retail and
industrial assets in Alberta worth about C$300 million ($227
million) to diversify away from the oil-producing province,
according to two sources familiar with the process.
LONDON, Sept 28 (Reuters) - Britain's blue-chip share index
bounced back from a one-week low on Wednesday as engineering
firm Smiths Group surged after posting
higher-than-expected profits and miners tracked stronger metals
prices.
Sept 28 (Reuters) - U.S. crude oil stocks fell for the
fourth straight week as imports dropped, while gasoline stocks
increased and distillate inventories fell, the U.S. Energy
Information Administration said on Wednesday.
WASHINGTON, Sept 28 (Reuters) - The coordinator for U.S.
sanctions policy indicated on Wednesday that more Chinese firms
were under U.S. investigation for suspected breaches of
sanctions on North Korea and Chinese banks and firms should
understand that dealing with North Korea was "risky."
You do not have to go too far to find a sugar analyst or physical trader who will tell you the price rally is overdone, explains David Elward.
TORONTO, Sept 28 (Reuters) - Canada's main stock index rose
on Wednesday, led by the country's heavyweight bank shares,
while BlackBerry Ltd rallied after announcing a
strategic shift away from hardware.
MOSCOW, Sept 28 (Reuters) - The Kremlin said on Wednesday
that preparations were under way for President Vladimir Putin to
visit Turkey in October, a further sign that Moscow is keen to
restore full political, trade and economic ties with Ankara.
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