Energy Update
Adding solar and wind power to northern Canadian Nunavut communities powered by diesel generators could save enough money in operating and maintenance expenses to pay for the installations, while substantially reducing CO2 emissions in these locations.
What’s the future of renewable energy in the UK post-Brexit? There are many variables to consider and the landscape keeps changing every day. However, an initial analysis shows offshore wind will be the biggest winner, while established technologies will have to fight it on their own.
TORONTO, July 25 (Reuters) - Canada will take older tank
cars out of crude-by-rail service months earlier than originally
planned, the government said on Monday, its latest move to
toughen rail safety in the wake of a deadly 2013 crash.
KARACHI, July 25 (Reuters) - Pakistan stocks extended losses
for a second session on Monday on profit-taking in oil stocks
after a drop in global crude prices, dealers said.
RIO DE JANEIRO, July 25 (Reuters) - A unit of Brazil's
state-led utility holding company Centrais Eletricas Brasileiras
SA sold its stake in a Nicaraguan hydroelectric
project for $44.2 million, Eletrobras, as the parent company is
known, said in a statement on Monday.
LONDON, July 25 (Reuters) - Hedge funds have been
liquidating their former record bullish position in crude
futures and options putting downward pressure on oil prices in
recent weeks.
At a time when investors are skittish over market volatility, they couldn’t be more bullish on the economic potential of renewables, in particular a form of clean energy financing known as Property Assessed Clean Energy (PACE).
LAUNCESTON, Australia, July 25 (Reuters) - If you had asked
Asia's refiners at the start of the year where they thought
their profits would be coming from, it's likely many would have
said gasoline. But China and India appear to have crashed that
party.
LONDON, July 25 (Reuters) - Oil prices fell on Monday,
holding near two-month lows amid worries that a global glut of
crude and refined products would weigh on markets for some time.
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