User: phantomvish Topic: Energy by Source
Category: Fossil :: All
Last updated: Apr 30 2016 20:47 IST RSS 2.0
 
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U.S. GDP growth slowed to 0.5 percent in first quarter 28.4.2016 Salt Lake Tribune
Washington • The U.S. economy inched forward at the weakest pace in two years from January through March, as consumer spending growth slowed, business investment plunged and exports declined further. The gross domestic product, the broadest measure of economic health, grew by a tiny 0.5 percent in the first quarter, the Commerce Department reported Thursday. That is down from 1.4 percent growth in the fourth quarter. The January-March performance was the poorest showing since GDP contracted by 0...
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US economic growth slows to 0.5% 28.4.2016 BBC: Business
US economic growth slowed to an annual pace of 0.5% during the first three months of the year, official figures show.
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Debacle at Doha: The Collapse of the Old Oil Order 28.4.2016 Truthout.com
(Photo: Blake Thornberry ) Sunday, April 17th was the designated moment. The world's leading oil producers were expected to bring fresh discipline to the chaotic petroleum market and spark a return to high prices. Meeting in Doha, the glittering capital of petroleum-rich Qatar, the oil ministers of the Organization of the Petroleum Exporting Countries (OPEC), along with such key non-OPEC producers as Russia and Mexico, were scheduled to ratify a draft agreement obliging them to freeze their oil output at current levels. In anticipation of such a deal, oil prices had begun to creep inexorably upward, from $30 per barrel in mid-January to $43 on the eve of the gathering. But far from restoring the old oil order, the meeting ended in discord , driving prices down again and revealing deep cracks in the ranks of global energy producers. It is hard to overstate the significance of the Doha debacle. At the very least, it will perpetuate the low oil prices that have plagued the industry for the past two years, ...
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Emma Thompson films Great British Bake Off spoof to protest fracking 28.4.2016 Guardian: Environment

Oscar winner cooks up cake-themed sortie on land leased by energy firm Cuadrilla – sparking a farmer’s retaliatory dirty protest of his own

Emma Thompson has broken a court injunction – and come uncomfortably close to a manure-spreading tractor – to film a Great British Bake Off spoof on land leased for fracking.

Related: Emma Thompson: UK would be 'mad not to' stay in EU

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Great Barrier Reef: Greens call for new tax on mining to pay for damage 28.4.2016 Guardian: Environment

Greens leader Richard di Natale says Australia needs to plan for a future without coal, not a future without the reef

The Greens want coal companies to start paying “for the damage they are doing” to the Great Barrier Reef, announcing a new plan to tax miners heavily and use the money to revitalise the reef and to invest in clean energy projects and jobs.

Related: Great Barrier Reef: aerial survey reveals extent of coral bleaching

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La Plata County commissioner testifies on BLM methane rule 28.4.2016 Durango Herald
WASHINGTON – La Plata County Commissioner Gwen Lachelt voiced support for the Bureau of Land Management’s proposed natural gas waste rule on Wednesday during a congressional hearing.“In my county, we have more than 3,300 wells, with many of them on tribal and public land, and tens of thousands of...
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Federal regulators put brakes on Ohio energy deals 28.4.2016 Seattle Times: Nation & World

COLUMBUS, Ohio (AP) — Two closely watched energy deals in Ohio allowing two utility companies to impose short-term rate increases on electricity customers cannot take effect until federal regulators approve them. The Federal Energy Regulatory Commission said Wednesday that the power purchase agreements filed separately by Akron-based FirstEnergy and Columbus-based American Electric Power are not […]
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U.S. stocks shake off tech slump after Fed stands pat 28.4.2016 Salt Lake Tribune
New York • U.S. stocks rose Wednesday after the Federal Reserve left its key interest rate unchanged, as investors expected. Energy companies climbed again as the price of oil came close to a six-month high. Technology stocks were battered following weak results from Apple and Twitter. Stocks opened mostly lower in muted early trading, but they moved higher after the Fed released its decision on interest rates. Bond yields fell and investors bought high-dividend phone and utility companies inste... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Prosecutors: Ex-coal chief should be in prison during appeal 27.4.2016 Seattle Times: Business & Technology

CHARLESTON, W.Va. (AP) — Prosecutors are urging a federal appeals court not to allow former coal company executive Don Blankenship to remain free while the court considers an appeal. The Charleston Gazette-Mail (http://bit.ly/1Uh7VX4 ) reports that government lawyers say allowing the ex-Massey Energy CEO to continue his $1 million bail would be contrary to federal […]
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British windfarms a boom for Danish firm 27.4.2016 Guardian: Environment

Dong, biggest single investor in UK offshore wind, says profits from its renewables overtaking oil and gas receipts

Booming profits from British windfarms have more than made up for declining oil and gas revenues at Dong Energy, a state-owned Danish utility which says it is transforming itself from a high to low-carbon power producer.

Dong, the biggest single investor in UK offshore wind projects, including the huge London Array windfarm off Kent, reported first-quarter profits of Kr 8bn (£836m), a sum that was up 35% on the same period last year.

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Tech stocks lead a decline in early trading 27.4.2016 LA Times: Business

U.S. stock indexes are mostly lower in early trading as weakness in the technology sector pulls the broader market lower.

Apple sank 7% Wednesday morning, a day after reporting its first quarterly revenue decline in 13 years, while Twitter plunged 16% after reporting revenue that fell short of...

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Stung by low oil prices, Exxon loses 'AAA' rating from S&P 27.4.2016 AP Business
NEW YORK (AP) -- Low oil prices have helped cost Exxon its pristine &quot;AAA&quot; credit rating from Standard &amp; Poor&apos;s, a label it held for over six decades....
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Labor proposes two emissions trading schemes costing $555m 27.4.2016 Guardian: Environment

Opposition maintains ambition targets but aims to minimise cost to households and defers details until after election

Labor is proposing two emissions trading schemes – one for big industrial polluters and an electricity industry model similar to one once backed by Malcolm Turnbull – in a climate policy that trumps the Coalition’s ambition but minimises the hit on household power bills and leaves important detail to be determined post-election.

Related: Climate change plan: thinktank suggests policy both sides of politics can embrace

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Murray Energy continues fight against EPA’s emissions rules 27.4.2016 Seattle Times: Top stories

CHARLESTON, W.Va. (AP) — Coal producer Murray Energy Corp. is challenging the U.S. Environmental Protection Agency’s final rule that targets mercury pollution from power plants. St. Clairsville, Ohio-based Murray Energy filed a brief with the U.S. Circuit Court of Appeals for the District of Columbia on Monday, challenging the EPA’s supplemental finding published earlier in […]
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Scott Morrison faces pressure to cut $7.7bn fossil fuel subsidies 26.4.2016 Guardian: Environment

Religious, education and renewable energy sector leaders gather in Canberra, urging treasurer to take action in budget

A diverse group of religious, education and renewable energy sector leaders have gathered in Canberra to pressure Scott Morrison to cut $7.7bn worth of subsidies for fossil fuels in the budget.

Related: Fossil-fuel industry gets $2,000 in 'subsidies' for each $1 in party donations

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Business News Roundup, April 26 26.4.2016 SFGate: Business & Technology
Coal-fired power plants have propelled much of China’s economic rise for decades, helping make the nation the world’s biggest emitter of greenhouse gases. China halted plans for new coal-fired power stations in many parts of the country, and construction of some approved plants will be postponed until at least 2018. The announcement, by the National Development and Reform Commission and the National Energy Administration, means that about 200 planned coal-fired power generators may not be completed, said Lauri Myllyvirta, who analyzes China’s energy production for Greenpeace. The Chinese announcement was made public after leaders from 175 countries, including China, gathered in New York on Friday to sign the Paris climate accord, which aims to halt and eventually reverse the rise in carbon emissions. Intel’s plan for company-wide job cuts is creating uncertainty in Rio Rancho, a New Mexico city that grew from a sleepy town to a sprawling area of 94,000 residents in the shadow of the chipmaker. The ...
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Oil drop, weak earnings weigh on U.S. stocks 26.4.2016 Salt Lake Tribune
New York • U.S. stocks are closing lower as investors found little to like in the latest batch of company earnings. Xerox slumped 13 percent Monday after reporting a plunge in earnings and cutting its profit forecast. Perrigo, an Irish drug maker, dropped 18 percent after cutting its own earnings outlook, citing lower prices for its products in Europe. Energy companies fell more than the rest of the market as oil and gas prices turned lower. The Dow Jones industrial average edged down 26 points,... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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Shell announces major office changes 25.4.2016 BBC: Business
Oil giant Shell announces planned office closures in Reading, Aberdeen and Manchester following the takeover of BG Group.
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China's coal consumption to hit 4.3 bn tonnes in 2020 25.4.2016 New Kerala: World News
Beijing, April 25 : China's coal consumption will be around 4.3 billion tonnes by 2020 as the government pushes for cleaner and greener growth despite the slowing economy, the China National Coal Association (CNCA) said on Monday.
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Federal decision due on whether coal project violates Lummi tribe’s rights 25.4.2016 Seattle Times: Local

Lummi Tribe says the proposed giant Gateway coat terminal in Whatcom County — the nation’s largest — will violate fishing treaty
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