Energy Update
ST PETERSBURG, Russia, June 20 (Reuters) - Rival camps
inside President Vladimir Putin's entourage are preparing to do
battle with each other over whether the Russian state should
keep its role as custodian of the economy.
The Obama Administration last week announced a series of actions and activities that it says are designed to encourage 1.3 GW of energy storage procurement or deployment over the next five years.
ISLAMABAD, June 20 (Reuters) - Pakistan could end energy
rationing within two years, the Asia Development Bank (ADB)
country director for Pakistan said on Monday, adding weight to
government claims that they will end frequent outages in time
for the 2018 elections.
Vermont utility Green Mountain Power last week selected a Waitsfield, Vt.-based solar solutions provider to move into the utility’s headquarters to explore innovative solutions in energy storage.
Canadian Solar Inc., the world’s second-largest solar manufacturer, is building its first plant in Brazil.
CHICAGO, June 20 (Reuters) - The U.S. government agency
created after the 2010 Deepwater Horizon oil spill plans in
coming weeks to unveil tougher financial requirements for
offshore oil producers aimed at protecting taxpayers from the
risk of cleaning up abandoned oil rigs, an agency executive told
Reuters.
TORONTO, June 20 (Reuters) - Canada's main stock index rose
on Monday, with financial and energy stocks leading a broad
rally as investors returned to equity markets on rising
expectations that Britain will vote to remain in the European
Union later this week.
Damian Carrington reported in The Guardian that solar PV plants in Great Britain generated more electricity than coal in May.
LONDON, June 20 (Reuters) - Hedge funds cut their net long
position in the main crude futures and options contracts by 63
million barrels, 10 percent, in the week to June 14, as the
rally in oil prices showed signs of running out of steam.
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