Energy Update
WASHINGTON, July 7 (Reuters) - The U.S. Department of
Interior on Thursday unveiled its final regulations on drilling
in the U.S. Arctic Outer Continental Shelf to boost safety in
the environmentally sensitive region.
BRASILIA, July 7 (Reuters) - The corruption-tainted speaker
of the lower house of Brazil's Congress announced his
resignation on Thursday, ending months of political bickering
that threatened to deepen a legislative stalemate blamed for
keeping the economy mired in recession.
Canadian utility BC Hydro and the McLeod Lake Indian Band have forged an agreement that will give the aboriginal group "economic development opportunities and other benefits" related to the construction and operation of the Site C hydroelectric project.
CALGARY, July 7 (Reuters) - Insured losses from the May
wildfires in Fort McMurray, Alberta, are expected to total
C$3.58 billion ($2.76 billion), making it the costliest-ever
Canadian natural disaster, an insurance industry group said on
Thursday.
WASHINGTON, July 7 (Reuters) - The U.S. Department of
Interior said it plans to make a major announcement on Thursday
about energy resources on the U.S. Arctic Outer Continental
Shelf.
LOS ANGELES, July 7 (Reuters) - Volkswagen AG
will pay an additional $86 million in penalties to California
over its emissions scandal, on top of a settlement of about $15
billion the automaker reached with U.S. officials last week,
state Attorney General Kamala Harris said in a statement on
Thursday.
MEXICO CITY, July 7 (Reuters) - Mexican state oil company
Pemex expects to boost crude output over the next few years with
a handful of joint ventures that will focus on onshore and
offshore fields, a company official said, outlining areas it
will seek to develop with outside producers.
July 7 (Reuters) - Volkswagen AG will pay an
additional $86 million in penalties to California over its
emissions scandal, state Attorney General Kamala Harris said in
a statement.
LONDON, July 7 (Reuters) - Credit rating agency Fitch said
on Thursday that 2016 looked set to be a record year for
sovereign downgrades, following more than a dozen cuts in the
first half and 22 countries now on downgrade warnings.
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