Energy Update
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.
LAGOS, Aug 29 (Reuters) - The Niger Delta Avengers militant
group, which has carried out a series of attacks on oil and gas
installations in Nigeria's Delta energy hub in the last few
months, said on Monday it had halted hostilities.
MONTREAL, Aug 29 (Reuters) - Canada's National Energy Board
cancelled the first day of hearings on TransCanada Corp's
proposed Energy East pipeline in Montreal on Monday
after protesters disrupted the panel session, an agency
spokeswoman said.
Renewable energy purchasing has evolved into a sophisticated combination of savings calculations incorporating demand charge savings, multiple energy pricing options, and increasingly flexible generation siting. Large corporations have embraced this trend, by buying more renewable energy than ever — a recent PwC survey showed 72 percent of surveyed firms are actively pursuing clean energy procurement.
OTTAWA, Aug 29 (Reuters) - Canadian Prime Minister Justin
Trudeau visits Beijing this week seeking deeper ties with China
but a dispute over canola exports, government divisions over
China policy and the case of a detained citizen look set to
limit his gains.
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