Energy Update
The Senate voted 85–12 April 20 to pass what could be the first broad energy bill in nearly a decade, putting in motion what is expected to be a formal conference to work out the differences with the House version of the bill.
DUBAI, April 21 (Reuters) - Petrochemical shares helped buoy
Riyadh's stock index on Thursday, but some domestic-focused
shares fell after earnings missed estimates, while other Gulf
stock markets ended the week on a high note ahead of quarterly
results.
April 21 (Reuters) - Oil prices fell 2 percent on Thursday,
reversing an early run-up built on two previous days of gains,
as a rebounding dollar weighed on commodities denominated in the
currency.
LONDON, April 21 (Reuters) - The amount of bonds issued to
finance low-carbon projects could reach $70 billion this year,
Moody's Investor Service said on Thursday, sharply raising its
previous estimate after a flurry of issues in the first quarter.
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.
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