Energy Update
An unlikely partnership between utilities and solar companies was born this week in New York, where both industries are seeking to shape policies that dictate how owners of rooftop panels are compensated for electricity they supply to the grid.
“Cleantech,” once a sexy term for innovations from tech engineers creating products like thin film solar panels and futuristic batteries, has turned into a plagued phrase in recent years, as billions of grants, loans, investments, and tax breaks have been poured into the sector, only to result in a lack of anticipated breakthroughs and a series of expensive tax-funded failures.
OSLO, April 21 (Reuters) - Fertiliser maker Yara
International on Thursday reported stronger than
expected first-quarter earnings and said lower energy costs in
the next two quarters would help its performance, sending its
shares up.
JAKARTA, April 21 (Reuters) - Indonesia fears piracy on a
busy shipping route along its maritime border with the
Philippines could hit levels seen in Somalia unless security is
tightened, the chief security minister said on Thursday,
following a spate of kidnappings.
April 21 (Reuters) - Global mining company Anglo American
Plc said first-quarter production at most of its units fell, or
remained flat, as it cut production, sold assets, and
reconfigured mines to cope with the slump in commodities prices.
BEIJING, April 21 (Reuters) - China will strictly control
credit available for new capacity additions in the steel and
coal sectors, both of which are suffering from price sapping
supply gluts, according to a government statement issued on
Thursday.
April 21 (Reuters) - Global mining company Anglo American
Plc said iron ore production at its Kumba Iron Ore Ltd
unit fell 27 percent in the first quarter as the mine
moves to a lower-cost pit configuration.
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