Energy Update
FRANKFURT, June 28 (Reuters) - Volkswagen has
agreed a $603 million settlement with dozens of U.S. states to
resolve state consumer protection claims over the German
carmaker's diesel emissions scandal, it said on Tuesday.
June 28 (Reuters) - Kinder Morgan Inc said it had
agreed to sell half its stake in an Ohio pipeline project to
private equity firm Riverstone Investment Group LLC for an
undisclosed amount.
Hydroelectric power developer Snowdonia Pumped Hydro has withdrawn its application for environmental permits for the 99.9-MW Glyn Rhonwy pumped-storage plant from Natural Resources Wales.
In part one of this article, we discussed Section 1222 — entitled “Third-Party Finance” — of the Energy Policy Act of 2005. Here, we look closer at Section 1222 put in practice with Clean Line Energy’s Plains & Eastern Clean Line Project
LONDON, June 28 (Reuters) - Fossil fuel-producing companies
have been thrown onto the defensive over the last two years by
the argument that many of their reserves will be "stranded" as
the world transitions to cleaner forms of energy.
DUBAI, June 28 (Reuters) - Iran on Tuesday reappointed a
former managing director of its Swiss-based trading company as
part of a broader reshuffle aimed at bolstering its oil
exploration and exports.
WASHINGTON, June 28 (Reuters) - U.S. economic growth slowed
in the first quarter but not as sharply as previously estimated,
with gains in exports and software investment partially
offsetting weak consumer spending.
WASHINGTON, June 28 (Reuters) - German automaker Volkswagen
AG has agreed to pay more than $15.3 billion in a
settlement with U.S. regulators over pollution caused by its
diesel vehicles, according to a source briefed on the matter.
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