Energy Update
LONDON/BRUSSELS, June 29 (Reuters) - A government overhaul
of the British Steel Pension Scheme - crucial to convincing
anyone to buy Tata's British assets - is in jeopardy after
Britons' vote to leave the European Union deepened the fund's
debts and depleted its assets, analysts and industry sources
said.
Peter Brennan, Sebastian Lewis and Christopher Davis on how the wait for the first significant merging of Chinese steelmakers could be at an end.
BEIJING, June 29 (Reuters) - China needs broader market
reform and tighter emission regulations to promote natural gas
as the most effective fuel to cut its emissions, industry
executives said on Wednesday.
JOHANNESBURG, June 29 (Reuters) - South Africa's state-owned
Strategic Fuel Fund (SFF) said on Wednesday it had offered to
buy Chevron's majority stake in the country's oil
refinery in Cape Town and other downstream assets as well as
those in neighbouring countries.
June 29 (Reuters) - U.S. crude oil stockpiles fell sharply
last week and gasoline inventories posted an unseasonably
surprise large build as refineries ramped up production, the
U.S. Energy Department said on Wednesday.
Tesla Motors Inc.’s bid to buy the biggest U.S. rooftop solar installer has little to do with selling cars. Rather, it’s about solving two of the biggest problems standing in the way of the next solar boom. And perhaps a good deal more.
Hydroelectric power developer Gilkes Energy has begun construction on a trio of small hydro projects, all of which are to be located on the Attadale Estate near Loch Carron, Scotland.
OTTAWA, June 29 (Reuters) - U.S. President Barack Obama
arrived in Ottawa on Wednesday to meet with his North American
counterparts and all three leaders are set to push back against
anti-free-trade sentiment that has shifted political debate in
the United States and Europe.
Trouble may be brewing in China’s renewable energy industry if idled wind farms are anything to go by.
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