Energy Update
(Tue, 30 Aug 2016) Coal consumption by educational institutions such as colleges and universities in the United States fell from 2 million short tons in 2008 to 700,000 short tons in 2015. Consumption declined in each of the 57 institutions that used coal in 2008, with 20 of these institutions no longer using coal at all. Many of these institutions participate in the American College and University Presidents Climate Commitment, a program aimed at reducing greenhouse gas emissions.
BELO HORIZONTE/RIO DE JANEIRO, Aug 29 (Reuters) - The deadly
collapse of a tailings dam last November at the Samarco mine,
owned by Vale SA and BHP Billiton, was caused
by drainage and design flaws, a report into Brazil's worst-ever
environmental disaster showed on Monday.
SINGAPORE, Aug 30 (Reuters) - Oil futures edged up on
Tuesday as the U.S. dollar erased earlier gains, but doubts that
producers would be able to agree to an output freeze continued
to drag on prices.
TOKYO, Aug 30 (Reuters) - Japan's top oil refiner by sales,
JX Holdings, and third-ranked TonenGeneral Sekiyu
are set to finalise details on Wednesday for a new
merged company to be formed in April 2017.
Aug 29 (Reuters) - Canadian industrial auctioneer Ritchie
Bros Auctioneers Inc said it will buy IronPlanet, a
privately held U.S. e-commerce site for used equipment, for
about $758.5 million, as it looks to diversify its portfolio.
Aug 29 (Reuters) - Canadian industrial auctioneer Ritchie
Bros Auctioneers Inc said it will buy IronPlanet, a
privately held U.S. e-commerce site for used equipment, for
about $758.5 million, as it looks to diversify its portfolio.
OSLO, Aug 29 (Reuters) - Insurers with $1.2 trillion under
management called on Tuesday for the Group of 20 to set a
timetable to phase out subsidies for fossil fuels by 2020 when
they meet at a summit in China this weekend.
CALGARY, Alberta, Aug 29 (Reuters) - Twin Butte Energy Ltd
debenture holders voted to reject a takeover bid by
Hong Kong's privately held Reignwood Resources Holding Pte Ltd
on Monday, throwing the cash-strapped Canadian oil and gas
producer's financial future into uncertainty.
TORONTO, Aug 29 (Reuters) - Canada's main stock index rose
on Monday, but by less than its U.S. peers, as investors bet on
rate hikes sooner south of the border and lower oil prices
weighed on the commodity-rich TSX.
Developer SN Aboitiz Power-Ifugao has said it remains committed to developing the 390-MW Alimit hydropower project in the Philippines, pending consent from indigenous groups impacted by its construction.
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