Energy Update
Solar energy records are falling left and right in California these days, as the state steams ahead toward its ambitious renewable energy goals. But the success of solar has brought about a hidden downside: on some perfectly sunny days, solar farms are being told to turn off.
LOS ANGELES, April 12 (Reuters) - California energy
officials intent on reopening a major natural gas storage field
idled by the country's worst-ever methane leak have resorted to
scare tactics in raising the prospect of looming power outages
in Los Angeles, utility critics said on Tuesday.
Clean energy growth rates will slow even as falling costs buoy renewable power technologies in the wake of last year’s climate accord committing 195 countries to reduce pollution, BMI Research said in a report.
The scrap to iron ore ratio is seen as a barometer of the health of the blast furnace and electric arc furnace, and can suggest which route may have the upper hand.
The UK Government has committed to cutting carbon emissions and meeting its obligations to reduce greenhouse gas emissions by at least 80 percent before 2050. However, it is also aiming to keep energy prices competitive and has pledged in recent budgets to reduce green regulatory costs.
NEW YORK, April 12 (Reuters) - Global oil prices hit
four-month highs on Tuesday, hovering just under $45 a barrel
after a report that top producers Russia and Saudi Arabia have
agreed to freeze output ahead of a much-anticipated producers
meeting on Sunday.
CHICAGO, April 12 (Reuters) - No. 3 U.S. railroad CSX Corp
said on Tuesday that lower freight, in particular a 31
percent drop in coal volumes, had hurt its first-quarter profit
and still expected coal to weigh on earnings throughout 2016.
TORONTO, April 12 (Reuters) - Canada's main stock index
notched its biggest jump in more than five weeks on Tuesday,
bouncing higher as a spike in the price of oil boosted energy
stocks and supported financials.
WASHINGTON, April 12 (Reuters) - The heads of the U.S.
agencies that regulate securities and commodities pressed a
Senate committee on Tuesday to boost their budgets in the face
of growing sophistication in financial markets and technology,
but lawmakers gave no sign extra dollars were coming soon.
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