April 28 2017

Blackstone Power Plans Hit a Snag in Porsche, BMW Heartland

Blackstone Group LP’s quest to be the first company to build back-up power plants in southern Germany faltered after the European Commission queried whether the nation needs the facilities at all. The world’s biggest private equity firm’s PQ Energy unit says an EU antitrust probe could delay a bid to build new reserve power plants […]

April 28 2017

Suzlon Sees Wind Auctions Squeezing Margins as Market Grows

Suzlon Energy Ltd., one of India’s largest wind-turbine makers, says the record-low prices paid for power-purchase contracts through India’s wind-energy auctions will pressure margins at equipment makers but may ultimately benefit by sparking growth in the market. “Due to aggressive auction prices there will be some initial impact on margins for a year but it […]

April 27 2017

Saudi Aramco CEO Says Peak Oil Demand Is a Misleading Theory

The boss of Saudi Arabia’s state oil company defended petroleum as the mainstay of the global economy, countering theories that demand will peak within years with his own forecast that consumption will keep growing for decades. “The global economy is forecast to double in size by 2050” so overall demand for energy will be higher, […]

April 27 2017

Buffett, Guinness-Records Mogul Get Caught in Canada-U.S. Coal Fight

Add Warren Buffett and one of Canada’s richest men to the list of those at risk of collateral damage in a widening trade spat between Canada and the U.S. A day after U.S. President Donald Trump slapped duties on Canadian softwood lumber imports, British Columbia took aim at Trump’s coveted coal industry by calling for […]

April 27 2017

China-owned U.S. solar maker seeks U.S. tariffs on China imports

Suniva Inc., a bankrupt U.S. solar manufacturer with a Chinese majority owner, is seeking protection from cheap imports from China. Suniva is asking the U.S. to impose import duties on solar cells and panels, according to a complaint filed Wednesday with the U.S. International Trade Commission, asserting it has suffered “serious injury” from a flood […]

April 27 2017

Coal Caught in U.S.-Canada Lumber Trade War Sends Stocks Sliding

U.S. coal has become entangled in a trade war between the U.S. and Canada over lumber. British Columbia Premier Christy Clark urged Canadian Prime Minister Justin Trudeau in an open letter Wednesday to ban U.S. coal shipments from the country’s westernmost province in retaliation for the Trump administration’s new tariffs on softwood lumber. The move sent Canadian […]

April 27 2017

This Chinese Nuclear Plant’s Success Is Critical to Westinghouse’s Future

The start-up of a nuclear power plant south of Shanghai later this year has a lot riding on it. It’ll be the first to use a new reactor designed by Westinghouse Electric Co., and its success is critical for the embattled company’s future. Development of the same AP1000 model has been disastrous for the firm […]

April 26 2017

Germany Calls Rick Perry’s Push to Rework Paris Climate Agreement ‘Absurd’

Germany fired back at Rick Perry’s criticism of Europe for not living up to its vow to fight climate change, saying the U.S. energy secretary’s suggestion to renegotiate the landmark Paris accord is “absurd.” The 2015 global agreement to limit global warming-causing gases already lets nations adjust their own emissions targets, making it pointless for […]

April 26 2017

Poland Looks to Nuclear in Bid to Keep Its Coal Plants Humming

Poland hopes a nuclear power station may allow it to continue using the European Union’s biggest coal deposits to fuel the bloc’s biggest eastern economy. The country, which gets more than 80 percent of its electricity from coal, may use a pledge to build its first nuclear power plant as a bargaining chip in key […]

April 26 2017

Climate Evangelists Are Taking Over Your Local Weather Forecast

Amber Sullins gets a minute or two to tell up to two million people about some extremely complicated science, using the tools of her trade: a pleasant voice, a green screen, and small icons denoting sun, clouds, rain, and wind. She is the chief meteorologist at ABC15 News in Phoenix, so her forecasts mostly call […]

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