Energy Update
TORONTO, June 3 (Reuters) - Canada's banks are not over the
worst of the impact from the oil crunch and face further hefty
losses as energy firms struggle to pay back loans and consumers
in oil-producing regions suffer, analysts and investors say.
American Municipal Power and the city of Hamilton held a dedication ceremony for the 105-MW Meldahl hydroelectric plant on June 2.
BERLIN, June 3 (Reuters) - The German Defence Ministry
decided on Friday to ground the three Airbus Cougar
AS532 helicopters used to transport Chancellor Angela Merkel,
after a Europe-wide grounding of the civilian version of the
aircraft, a ministry spokesman said.
We’ve seen it before. Tough talk in the early ’70s for an energy independent America as OPEC’s oil embargo quadrupled the price of petroleum from $2.90 a barrel to $11.65 a barrel. Then, in close pursuit, came the second oil shock of 1980 as the Iranian Revolution halted oil shipments, skyrocketing prices from $13 to $34 a barrel.
Getting extra power to where it’s needed is a tricky business, often requiring millions of dollars in investments. Now a solar-industry veteran has proposed a cheaper alternative: juice stored in batteries that are delivered by truck, rail or barge.
With the keynote that Nepal requires US$20 billion to develop 10 GW of on-grid hydropower projects in the next 10 years, the largest power investment conference concluded successfully today in Hotel Yak & Yeti, Kathmandu.
The month of May saw some upheaval in the marketplace lending industry with the abrupt resignation of the CEO of leading peer-to-peer lending platform, Lending Club. The crisis has led to speculation regarding the viability of the broader marketplace lending business model. Critics cite high balance sheet risk, limited transparency, and insufficient federal regulation.
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