Energy Update
May 18 (Reuters) - The United States is considering whether
to reign in a subsidy on coal mine cleanup costs and in so doing
shield taxpayers from those liabilities, a leading regulator for
the mining industry said on Wednesday.
May 18 (Reuters) - Loss-making U.S. grain handler Andersons
Inc on Wednesday rejected a $1 billion takeover offer
from HC2 Holdings Inc as too low, calling the bid an
attempt to capitalize on a sharp downturn in the agricultural
economy.
QUITO, May 18 (Reuters) - Two earthquakes struck Ecuador's
coast on Wednesday, leading to one death and light damage in the
same region where a magnitude 7.8 tremor killed more than 650
people last month.
May 18 (Reuters) - The operator of the California power grid
said on Wednesday that natural gas shortages related to a
leak at the giant Aliso Canyon storage facility will threaten
electric reliability in the southern part of the state this
summer.
The Metropolitan Nashville Airport Authority (MNAA) in Tennessee has transitioned the air conditioning at the Nashville International Airport (BNA) to a geothermal lake plate cooling system.
SAO PAULO, May 18 (Reuters) - A one-time chief of staff for
former Brazilian President Luiz Inacio Lula da Silva was
sentenced to 23 years in prison on Wednesday for corruption,
money-laundering and conspiracy in a vast bribery scandal at the
state-run oil company.
CALGARY, Alberta, May 18 (Reuters) - Hot and dry weather and
strong winds were expected to push a massive wildfire burning
near Fort McMurray, Alberta eastward on Wednesday, threatening
facilities and work camps in Canada's prized oil sands region.
OTTAWA, May 18 (Reuters) - Canada will have to set aside
more money to deal with natural disasters like wildfires, storms
and floods as climate change starts to bite, the country's
property insurance industry group said on Wednesday.
LONDON, May 18 (Reuters) - Europe's biggest oil companies,
reeling from losing billions in the two-year oil market rout,
are intensifying their push into renewable energy as they hunt
for new sources of future revenue.
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