Energy Update
WASHINGTON, June 6 (Reuters) - The U.S. Supreme Court on
Monday let stand a $96 million international arbitration award
issued in 2011 in favor of energy company Chevron Corp
in a dispute over the development of oil fields in Ecuador.
HOUSTON, June 6 (Reuters) - BASF SE, the world's
largest chemical producer, said on Monday it would refrain for
now from building a propylene plant in Texas because of volatile
commodity prices, a sign that an aggressive U.S. Gulf Coast
petrochemical building boom announced earlier this decade could
be cooling.
UNITED NATIONS, June 6 (Reuters) - Britain on Monday
proposed expanding a United Nations Security Council mandate for
a European naval operation to allow it to crack down on arms
smuggling in the high seas off war-torn Libya, though Russia
voiced concerns about the idea.
BAGAMOYO, Tanzania, June 6 (Thomson Reuters Foundation) - In
a rare victory for landless villagers in Africa, more than 1,500
people have been spared eviction to make way for an energy plant
after the Tanzanian government halted the project citing concern
for wildlife in a nearby sanctuary.
WASHINGTON, June 6 (Reuters) - More than 450 groups on
Monday called on Congress to reject the Trans-Pacific
Partnership if it comes up for a vote this fall, saying the
trade deal would allow fossil fuel companies to contest U.S.
environmental rules in extrajudicial tribunals.
ABUJA, June 6 (Reuters) - Nigerian President Muhammadu
Buhari flew to London on Monday for a 10-day holiday, during
which he will receive medical treatment for a persistent ear
infection.
LONDON, June 6 (Reuters) - Britain's top share index climbed
on Monday, with a rally in metals prices boosting the UK mining
index to a one-month high, although housebuilders fell on
concerns surrounding the June 23 referendum on the country's EU
membership.
GE Ventures bought a stake in Germany’s Sonnen GmbH to boost its presence in the fast-growing market for energy storage systems built to store solar power.
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