Energy Update
TORONTO, Sept 27 (Reuters) - Ontario will scale back its
purchase of renewable power in a move expected to result in
savings of up to $C3.8 billion ($2.86 billion) from a 2013
forecast, the provincial government said on Tuesday.
WASHINGTON, Sept 27 (Reuters) - Oil services company
Weatherford International Plc agreed to pay a $140 million
penalty to settle charges that it inflated earnings by using
deceptive income tax accounting, the U.S. Securities and
Exchange Commission said on Tuesday.
LONDON, Sept 27 (Reuters) - Scotland wants to have more
detail about how the British government plans to leave the
European Union to prevent a "hard Brexit" that would severely
damage the economy, Scottish First Minister Nicola Sturgeon said
on Tuesday.
Sept 27 (Reuters) - Chesapeake Energy Corp said on
Tuesday that two board directors, including a representative of
activist investor Carl Icahn, resigned on Monday, a week after
Icahn more than halved his stake in the natural gas producer.
GRANGEMOUTH, Scotland, Sept 27 (Reuters) - Britain's first
shale gas delivery from the United States sailed into a heated
European political debate on fracking on Tuesday and immediately
ran into its first practical problem - the Scottish weather.
LONDON, Sept 27 (Reuters) - Freight movements across the
United States are showing signs of sustained growth for the
first time in 18 months, which should support increases in
diesel consumption in 2017.
LAUNCESTON, Australia, Sept 27 (Reuters) - Major oil
exporters clearly would like higher crude prices and may even be
getting closer to some sort of coordinated action, but they
should be careful what they wish for as they may choke off
demand growth in top importer China.
Hillary wants to put 500,000 solar panels in place during her presidency meanwhile Trump wants to get rid of the Clean Power Plan because he believes that climate change isn’t a threat and regulations are hurting the American economy. That was the takeaway for clean energy supporters who watched last night’s debate between U.S. Presidential hopefuls Hillary Clinton (D) and Donald Trump (R).
JAKARTA, Sept 27 (Thomson Reuters Foundation) - Developing
economies in Asia will have to spend $300 billion a year until
2050 to meet targets set by the Paris climate deal, but can
expect to save thousands of lives and avoid worsening poverty if
they shift to low-carbon growth, research showed on Tuesday.
BAKU, Sept 27 (Reuters) - Azerbaijan has voted in favour of
extending the presidential term from five to seven years,
election authorities said on Tuesday, a step that critics say
will hand unprecedented powers to President Ilham Aliyev who has
led the country since 2003.
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