Energy Update
LONDON, Oct 1 (Reuters) - Almost a third of natural World Heritage sites are threatened by mining and oil exploration, according to a report that said companies and investors face reputational and legal risks by backing such activities.
The US Environmental Protection Agency (EPA) has announced new regulation to reduce the toxic pollutants discharge from steam electric power plants into the country’s waterways.
PBF Energy has signed an agreement to acquire ExxonMobil’s refinery and related logistics assets in Torrance, California, US, for $537.5m.
Sept 30 (Reuters) - PBF Energy Inc agreed to buy Exxon Mobil Corp's refinery in Torrance, California, for $537.5 million, completing Executive Chairman Tom O'Malley's vision to have PBF plants coast to coast.
WASHINGTON, Sept 30 (Reuters) - Lawmakers who want to ditch the 40-year-old U.S. ban on exporting oil will likely enjoy a victory on Thursday in the Senate banking committee - but they are struggling to garner enough Democratic support to pass the bill in the full chamber.
Wellington, Oct 1 (Reuters) - Australian shares are poised for a positive start on Thursday, tracking a rise on Wall Street, with the heavyweight natural resources sector likely to underpin gains on stronger commodity prices. Global miner BHP Billiton is expected to open around 1.4 percent higher after a gain in its U.S. ADRs. The share price index futures rose 0.1 percent overnight, a 9.6-point discount to the underlying S&P/ASX 200 index close on Wednesday.
Sept 30 (Reuters) - PBF Energy Inc said it would buy Exxon Mobil Corp's refinery in Torrance, California and restore it to full working order before the deal closes in the second quarter of 2016.
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