Energy Update

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* Linn falls 20 pct, Energy XXI up 21 pct (New throughout, adds background, details about tax burden)

BRASILIA, March 15 (Reuters) - Brazil's former President Luiz Inacio Lula da Silva has accepted a position in President Dilma Rousseff's cabinet, a presidency source said on Tuesday, a move that would offer him some protection from an investigation into money laundering.

TORONTO, March 15 (Reuters) - Canada's main stock index fell on Tuesday as weaker commodity prices weighed on energy and mining stocks, while the shares of a major drugmaker tanked.

* Galenica shares slump after results (Adds detail, updates prices)

FRANKFURT, March 15 (Reuters) - A German public prosecutor has launched an investigation into eight former employees of car parts maker Schaeffler over allegations of bribery, breach of trust and tax fraud.

Significant infrastructure investments are required over the next decade and during this time, much of the utility workforce is expected to retire or leave the industry. Utilities are already struggling to build infrastructure with the limited existing workforce.

SAO PAULO, March 15 (Reuters) - Brazil's former President Luiz Inacio Lula da Silva has decided to accept a position in President Dilma Rousseff's Cabinet, O Globo newspaper reported on Tuesday, a move that would offer him some protection from an investigation into money laundering.

WASHINGTON, March 15 (Reuters) - The Obama administration said Tuesday it will not open up drilling on the southeastern Atlantic coast due to current oil market dynamics and strong local opposition.

BAKU, March 15 (Reuters) - Azerbaijan's central bank said on Tuesday its policies had successfully calmed the Azeri foreign exchange market and that investors and businesses are gradually adapting to the manat's floating exchange rate regime.

MOSCOW/BRUSSELS, March 15 (Reuters) - The European Commission is looking into allegations that Gazprom abused its dominant position in the Bulgarian wholesale gas market, the Russian gas producer said in a prospectus for a bond issue.

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