Energy Update

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WASHINGTON, Dec 1 (Reuters) - President Barack Obama said on Tuesday the best way to drive innovation and reduce carbon emissions is "to put a price on it" but he does not expect that from the current Republican-dominated U.S. Congress.

Southern Illinois University (SIU) Carbondale recently received a $50,000 GeoAlliance grant to help fund the installation of a highly energy efficient and environmentally friendly geothermal heat pump heating and cooling system for a portion of the Transportation Education Center.

Wind farm owners representing 12 percent of global turbine assets have founded a new peer-to-peer online platform, called o2o Wind, dedicated to the exchange of knowledge and experience on operation and maintenance issues.

MUMBAI, Dec 1 (Reuters) - Reserve Bank of India Governor Raghuram Rajan said on Tuesday he expects bad debt-burdened banks to clean up their balance sheets by March 2017, warning the central bank would monitor whether concessions made to lenders were being misused.

Industrial countries and the United Nations are shining a bit more light on how a key pledge to boost climate-related finance will reach $100 billion by 2020.

* 50 percent increase in cargoes to India * Murban maintenance spurs buying * Total exports highest since July http://link.reuters.com/sav75v * Strong buying fails to boost differentials to dated Brent By Libby George LONDON, Dec 1 (Reuters) - West African crude oil exports to Asia are on track to hit a five-month high of 1.96 million barrels per day (bpd) in December on robust buying interest in India, traders and shipping fixtures showed on Tuesd

Dec 1 (Reuters) - BHP Billiton plans to lower production costs and increase output at its copper business, remaining optimistic about rising demand in the long term, the company's president of copper said on Tuesday.

FRANKFURT, Dec 1 (Reuters) - RWE on Tuesday confirmed plans to put its renewables, grids and retail businesses into a separate entity, about 10 percent of which it aims to place in an initial public offering (IPO) at the end of next year.

The U.S. on Monday ordered a slight increase in the level of renewable fuels that must be blended with gasoline, and neither biofuel nor oil producers seem particularly happy about it.

Iron ore enters festive season with little to celebrate as prices dip to historic lows

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