Energy Update
NEW YORK, June 28 (Reuters) - Bets against both Tesla Motors
Inc and SolarCity Corp shares have risen after
Elon Musk announced a proposed merger last week, but any further
bets will be small as both stocks have few borrowable shares,
said Ihor Dusaniwsky, head of research at financial analytics
firm S3 Partners on Tuesday.
OSLO, June 28 (Reuters) - The fatal crash of an Airbus
helicopter in Norway in April was probably the result
of metal fatigue in the aircraft's gearbox, the country's
Accident Investigation Board (AIBN) said in a preliminary report
on Tuesday, backing earlier findings.
NEW YORK, June 28 (Reuters) - Investors suing Brazil's
state-run oil firm Petrobras to recoup billions of
dollars in losses argued on Tuesday that the arrests and plea
deals of top company executives prove that it knew of a massive
bribery and political kickback scheme.
A new issue advocacy group has been formed under the name American Wind Action with the goal of helping elect candidates who are strong advocates for wind power in the U.S.
ROME, June 28 (Reuters) - Hitachi Rail Italy, France's
Alstom and Swiss firm Stadler have won contracts worth a
combined 4.5 billion euros ($5 bln) to build trains for
Trenitalia, the Italian train operator said on Tuesday.
In the eastern Australian state of Queensland, developers plans to transform a disused gold mine into a 450-MW pumped-hydro storage facility at a fraction of the cost typically associated with pumped-hydro projects.
PARIS/LONDON, June 28 (Reuters) - French Economy Minister
Emmanuel Macron called for a swift decision by state-controlled
utility EDF on investing in its Hinkley Point nuclear
project in Britain, despite last weeks' British vote to leave
the European Union.
June 28 (Reuters) - JKX Oil & Gas Plc said Tuesday
its biggest shareholder voted against approving the company's
remuneration policy and the re-appointment of its non-executive
directors, among other proposed resolutions at its annual
general meeting.
HOUSTON, June 28 (Reuters) - Firefighters in Pascagoula,
Mississippi were monitoring a dwindling fire at an Enterprise
Products Partners natural gas processing plant on
Tuesday morning, the company said.
BRUSSELS, June 28 (Reuters) - Energy ministers from the
Group of 20 major economies meeting in Beijing this week came
under a three-pronged attack on Tuesday over their failure to
agree a deadline for the phasing out of subsidies on fossil
fuels.
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