Category: News

October 17 2017

Tesla’s Former Battery Director Joins Farming Startup Plenty

Written by Selina Wang. This article first appeared in Bloomberg Technology.  Tesla Inc.’s former director of battery technology has joined Plenty Inc. to lead the vertical farming startup’s plan to build indoor growing rooms around the world. Kurt Kelty, who joined Tesla in 2006 and left earlier this year, was one of the longest-serving executives […]

October 17 2017

Gulf of Mexico Oil Spill May Be Largest Since BP Disaster

Written by Nico Grant. This article first appeared in Bloomberg News. An oil spill in the Gulf of Mexico last week may be the largest in the U.S. since the 2010 blowout at BP Plc’s Macondo well that sank the Deepwater Horizon rig. The Delta House floating production facility about 40 miles (64 kilometers) southeast of […]

October 16 2017

Palladium Tops $1,000 for First Time Since 2001

Written by Rajneetha Pakiam and Thomas Wilson. This article first appeared in Bloomberg News. Palladium climbed above $1,000 an ounce for the first time since 2001 on hopes for rising demand from the car industry amid a shortage of supply. Prices for the metal used in catalytic converters to curb pollution from mainly gasoline-powered vehicles […]

October 16 2017

Ineos Appoints New Shale Boss to Build a U.K. Natural Gas Boom

Written by Kelly Gilblom. This article first appeared in Bloomberg Markets. Ineos AG, Britain’s largest closely held company, has taken another step toward creating a shale boom on its side of the Atlantic. The company promoted Ron Coyle to chief executive officer of its shale division. He has been with Ineos for almost 20 years, […]

October 16 2017

OPEC Sees ‘Healthy’ Oil Demand Growth to 2022

Written by Wael Mahdi and Fiona MacDonald. This article first appeared in Bloomberg News.     Oil demand will grow at a “healthy pace” over the next five years as renewables show the fastest expansion of any type of energy, the head of the Organization of Petroleum Exporting Countries said. Crude demand will climb an […]

October 15 2017

Irish Brace as ‘Life-Threatening’ Ophelia Set to Slam Coast

Written by Peter Flanagan. This article first appeared in Bloomberg Quint.  Irish authorities warned some of the worst weather conditions to hit the country in 50 years will endanger lives, as Storm Ophelia’s remnants batter the coast with “extreme” conditions on Monday. Met Eireann, the nation’s weather service, extended its most severe warning nationwide for […]

October 13 2017

PG&E’s Stock Has Worst Week in 9 Years Due to California Wildfire Probes

Written by Stephen Cunningham and Mark Chediak. This article first appeared in Bloomberg Markets.    PG&E Corp. just capped its worst week in nine years on speculation that downed power lines may have played a role in deadly wildfires raging across California. And the rout is far from over. After wiping out almost $6 billion […]

October 13 2017

Ophelia May Become Ireland’s Strongest Storm Since ’61

Written by Kelly Gilblom, Peter Flanagan and Brian K. Sullivan. This article first appeared in Bloomberg News. Ophelia strengthened into a Category 2 hurricane forecast to strike Ireland, where one of the nation’s strongest storms in half a century threatens everything from farms to a golf course owned by the family of U.S. President Donald Trump. […]

October 13 2017

Canada Wants to Solve U.S. Nuclear Problems With Faraway Dams

Written by Joe Ryan and Jim Polson. This article first appeared in Bloomberg Markets.  The key to replacing aging nuclear plants in the U.S. Northeast may lie 1,000 miles away, along a remote river tumbling through the Canadian wilderness. In boreal forests above the Gulf of St. Lawrence, Hydro-Quebec is building a series of dams […]

October 12 2017

Hybrid Truck Startup XL Gets $22 Million From Exelon, Ikea

Written by Chris Martin. This article first appeared in Bloomberg Technology.  XL Hybrids Inc. won $22 million in venture capital funding led by units of Exelon Corp. and Ikea Group to accelerate sales of its hybrid-electric delivery trucks. The Series D funding round will help reduce costs and increase demand for its hybrid truck designs, […]