Energy Update

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Our country faces the important challenges of overcoming our oil dependency and cutting carbon pollution. Fortunately, as confirmed by a new National Research Council (of the National Academies of Science) study which I was a committee member, electric cars can be a key part of moving America forward. The study concludes that the Federal Government can and should do more to accelerate the market.

Entrepreneurial, social development-driven companies are teaming up with multilateral development agencies and governments to bring clean, affordable and reliable renewable electricity to places where it's never been. Combining PV arrays, battery storage and smart metering systems with mobile telecommunications and payment applications, Powerhive has hit upon a business model that is driving uptake of solar-powered microgrids in rural Kenya.

MILAN, April 28 (Reuters) - Italian refiner Saras and Russian energy giant Rosneft have called off plans to set up a trading joint venture, Saras Managing Director Dario Scaffardi said on Tuesday.

OTTAWA, April 28 (Reuters) - The impact of cheaper oil prices on the Canadian economy is happening faster than the Bank of Canada initially expected, but the shock does not appear to be larger than anticipated, the central bank Governor Stephen Poloz reiterated on Tuesday.

VATICAN CITY, April 28 (Reuters) - The Vatican and the United Nations teamed up to warn the world of the effects of climate change on Tuesday, coming down firmly against sceptics who deny human activities help change global weather patterns.

April 28 (Reuters) - National Oilwell Varco Inc, the largest U.S.

April 28 (Reuters) - Coal and natural gas producer Consol Energy Inc reported a 35 percent fall in quarterly profit, hurt by weak prices for both commodities.

* Oil firms cancel rig contracts to cut costs (Combines BP and Total results)

KUWAIT, April 28 (Reuters) - Gulf Arab leaders will meet in Saudi Arabia next week to prepare for a May summit with U.S.

TOKYO, April 28 (Reuters) - Japan should aim to make nuclear energy account for between 20 and 22 percent of the country's electricity mix by 2030, with renewable energy making up slightly more, the industry ministry said on Tuesday.

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Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.