March 24 2017

Trump Administration Grants Pipeline Permits Without All His Promised Conditions

President Donald Trump vowed to win a “better deal” for Americans before approving the Keystone XL and the Dakota Access oil pipelines, promising to extract concessions and force the builders to use U.S. steel. Now his administration has authorized both projects — with those conditions mostly unmet. The outcomes illustrate the limits of the president’s power […]

March 24 2017

More Hurdles Ahead for Keystone XL, TransCanada Head Tells Trump

TransCanada Corp. said there’s more “work to do” before it can start construction of the $8 billion Keystone XL pipeline. The controversial project, which would help bring crude from Canada’s oil-sands to the U.S. Gulf Coast, was approved by the Trump administration Friday. Other permissions, including from states along the way and the U.S. Interior Department, […]

March 24 2017

German CEO Counsels May on Brexit to Keep U.K. an Atomic Hub

The German head of one of the U.K.’s top nuclear companies is counseling Prime Minister Theresa May’s government on what needs to be done to protect a global hub for the industry from Brexit. With European Union leaders congregating on Saturday to celebrate the Treaty of Rome’s 60th anniversary, Urenco Ltd.’s Chief Executive Officer Thomas […]

March 24 2017

Footballer Mathieu Flamini’s Green Chemical Company Signs Deal for Biorefinery

GFBiochemicals Ltd., the Italian green chemical company started by Crystal Palace midfielder Mathieu Flamini, will build a biorefinery in the U.S. to make plastics and solvents in a way that avoids using fossil fuels. The company, founded in 2008 by Flamini and his business partner Pasquale Granata, joined with biotech company American Process Inc. to […]

March 24 2017

India’s ONGC, Reliance Seen Getting Relief From Gas Price Cuts

India’s domestic gas prices may stop falling for the first time two years, a welcome relief for the country’s energy explorers. The price for the April-September period will probably be set at $2.58 per million British thermal units, near the current $2.50, according to the median of 10 responses in a Bloomberg survey of industry participants. […]

March 24 2017

Have Too Much Gas in Stock? This Southeast Asian Country Is Buying

Thailand has a message for embattled global LNG sellers: It’s going on a shopping spree. Southeast Asia’s second-largest economy is signing new contracts for liquefied natural gas purchases and expanding terminals to boost imports to replace flagging domestic production. Thailand will boost LNG imports by more than 70 percent this year, according to Wuttikorn Stithit, executive […]

March 24 2017

Even Germany’s Post Office Is Building an Electric Car

This boxy, bare-bones van has no air conditioning or radio, no passenger seat and a top speed of less than 50 miles an hour. Yet the electric vehicle’s success has irked the likes of Volkswagen AG. When Deutsche Post AG couldn’t find a zero-emission delivery van that met its needs, it bought a startup and developed one. […]

March 23 2017

Toshiba meltdown casts cloud over bonds for nuclear plants

The financial meltdown at Toshiba Corp.’s nuclear power-plant business is seeping into the U.S. municipal-bond market. Debt issued by public utilities in Georgia and South Carolina that helped finance the first U.S. nuclear reactors built in 30 years has gotten riskier as exploding construction costs threaten the solvency of contractor Westinghouse Electric Co., a unit […]

March 23 2017

Keystone Foes Prepare Fight as Trump Issues Pipeline Permit

President Donald Trump is making good on his promise to approve the Keystone XL oil pipeline — but the fight is far from over. Instead, it shifts to courtrooms, a Nebraska agency and congressional town hall meetings, where environmental activists and landowners have plotted ways to keep blocking the pipeline TransCanada Corp. has been trying […]

March 23 2017

Without naming Trump, UN acknowledges retreat on climate

The United Nations is acknowledging that some countries may be retreating in the effort to fight climate change, recognizing an emerging fissure in the landmark Paris Agreement as U.S. President Donald Trump moves forward with plans to gut environmental programs. Secretary-General Antonio Guterres, who assumed leadership of the international body this year, told delegates at […]

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