Energy Update
For years, legislative efforts to give coastal states a larger share of offshore drilling revenue have brought the Senate Energy and Natural Resources Committee "to a standstill," according to Sen. Maria Cantwell.
JAKARTA, May 26 (Reuters) - Bumi Resources Tbk, Indonesia's top coal miner, said on Tuesday three of its Singapore subsidiaries have obtained a five-month extension from a court on a moratorium against legal action by creditors, as the units work on restructuring their debt.
LONDON, May 26 (Reuters) - Britain's Haven Power has signed a 520 million pound ($800 million) deal with Thames Water to supply the water utility with renewable electricity over five years, Haven's parent company Drax Group Plc said on Tuesday.
SYDNEY, May 26 (Reuters) - Lobbying by big miners helped kill a proposed Australian Senate inquiry into the iron ore industry after allegations they had colluded to depress prices and drive rivals out of business, the senator who had called for the inquiry said on Tuesday.
LONDON, May 24 (Reuters) - For Rivka Micklewaite and fellow students, securing a pledge this week from Oxford University to avoid direct investments in companies producing coal or tar sands is just the beginning.
The Canadian oil patch is undergoing an existential moment as low oil prices have scared off investors and thrown the future of further oil sands projects into disarray.
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