Category: News

October 10 2017

Italy Oil Giant Taps Mediterranean Diet to Turn Fats to Fuel

Written by Chiara Albanese. This article first appeared in Bloomberg News. Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan. Leftover oil from this and other restaurants is trucked to a collection area just outside the […]

October 10 2017

Green Power a Victim of Own Success in Australia as Costs Plunge

Written by Perry Williams. This article first appeared in Bloomberg Technology.     Plummeting costs for renewable energy in Australia may tilt the government toward scrapping subsidies designed to encourage use of the technology. A sharp decline in the cost of solar and wind power has raised the prospect of ending the incentives as renewables are […]

October 9 2017

Seeking a Hockey Stick Growth Curve? EU Looks to Batteries

Written by Brian Parkin and Ewa Krukowska. This article first appeared in Bloomberg Technology.  Investors seeking exponential growth may want to take a look at batteries, according to the European Union’s top energy official. The European Commission expects demand for batteries in Europe “to look like a hockey stick as of 2020 to 2030 and […]

October 9 2017

Sasol Drops $950 Million Share Plan for Black-Investor Debt

Written by Paul Burkhardt. This article first appeared in Bloomberg News.  Sasol Ltd., the world’s largest maker of fuel from coal, abandoned a plan to sell about 13 billion rand ($950 million ) of shares to meet its obligation to repay debt owed by a black investor group. A decline in the company’s stock since […]

October 9 2017

Finland’s 10-Year Wait for a Nuclear Reactor Just Got Longer

Written by Jesper Starn. This article first appeared in Bloomberg News.  Finland will have to add another five months to the decade-long wait to start production at a nuclear reactor once billed as the world’s biggest. Olkiluoto-3, able to power about 3 million homes, will be delayed until May 2019 from its previously expected to […]

October 9 2017

They Were the World’s Most Confident Consumers. Then Their Cash Disappeared

Written by Jeanette Rodrigues. This article first appeared in Bloomberg News.  Consumption was India’s big story. Its 1.3 billion population was expected to guzzle everything from iron to iPhones, driving global growth and cheering investors such as Apple Inc. and Goldman Sachs Group Inc. For a while everything seemed smooth. Indians were the world’s most […]

October 6 2017

Diesel Cars Adored by Austrians Drive Into Electoral Fray

Written by Jonathan Tirone. This article first appeared in Bloomberg News.  The future for diesel-powered cars in Europe may look brighter after Austrians elect a new government on Oct. 15. Austria’s economy has much at stake, with more than 300,000 workers churning out parts and services for the auto industry and almost three-fifths of registered […]

October 6 2017

Hydropower-Focused Brookfield Sees More Sunshine in Future

Written by Brian Eckhouse. This article first appeared in Bloomberg News.  Brookfield Asset Management Inc., the owner of just a half-megawatt of solar power, is going all in on sunshine. Eight months after agreeing to acquire almost 4 gigawatts of solar and wind power from fallen clean-energy giant SunEdison Inc., Brookfield is now said to […]

October 6 2017

Coal Mogul Murray Heaps Praise on Perry’s Plan to Help Plants

Written by Tim Loh. This article first appeared in Bloomberg News.  Coal mogul Robert E. Murray is calling Energy Secretary Rick Perry’s proposal coal-fired power plants the “single greatest action” taken in decades to support cheap, reliable electricity. Murray, the outspoken chief executive officer of Murray Energy Corp., called on the Federal Energy Regulatory Commission in a […]

October 6 2017

Proposed U.S. Solar Tariff Is a ‘Farce,’ Sunrun Chairman Says

Written by Brian Eckhouse and Mark Chediak. This article first appeared in Bloomberg News.  For those on Wall Street who thought a controversial proposed tariff on solar panels might indirectly benefit Sunrun Inc., Ed Fenster just burst your bubble. “There are definitely no benefits to us,” Fenster, the national rooftop solar installer’s chairman, said in an […]