Energy Update

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MOSCOW, March 1 (Reuters) - Russia's Emergency Ministry said on Tuesday that another explosion had occurred in a coal mine inside the Arctic Circle where 26 died last week, but this time no one was hurt, Russian news agencies reported.

The U.S. Department of Energy (DOE) announced today that nine teams have been named finalists in the Wave Energy Prize -- a 20-month design-build-test competition -- and will proceed to the next phase of the competition.

Renewable energy is a particularly hot issue in this year’s presidential election. At the end of 2015, the U.S. joined 195 other nations in signing a UN agreement that committed to an aggressive climate change reduction strategy.  

SAO PAULO, March 1 (Reuters) - Executives from Brazil's second-largest building company Andrade Gutierrez have testified to prosecutors that the company paid suppliers for President Dilma Rousseff's 2010 electoral campaign, newspaper a Folha de S.Paulo reported on Tuesday.

Los Angeles March 1 (Reuters) - Two sun-drenched U.S. states have lately come to very different conclusions on a controversial solar power incentive essential to the industry's growth.

* Russia, Saudi Arabia, Qatar, Venezuela agree on oil output freeze

On February 9, the U.S. Supreme Court temporarily halted implementation of the Clean Power Plan (CPP). The CPP, which aims to reduce states’ power sector emissions, is being challenged in the D.C. Circuit appeals court by a number of states, corporations and industry groups. Importantly, this “stay” was not a ruling on the merits of the CPP; the D.C. Circuit court will hear arguments on the merits of the case on June 2nd.

NEW YORK, March 1 (Reuters) - U.S. stocks led equity markets around the globe to their highest in a month on Tuesday after U.S.

March 1 (Reuters) - Oil and gas producer Anadarko Petroleum Corp slashed its annual budget on Tuesday by more than 50 percent and said its output likely will fall this year, as the company grapples with the crude price plunge.

* Bank has 5 percent of energy portfolio "on watchlist" (Adds CEO, CRO comments from conference call)

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