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Climate-Change Funds Shift Focus From Wind, Solar

Climate-Change Funds Shift Focus From Wind, Solar

Παρ, 10 Δεκεμβρίου 2010 - 17:34

The poor performance of some sectors aiming to slow climate change is pushing money managers to cast further afield for investments that both carry green credentials and are likely to post better returns.

Gazprom Must Relocate Controversial Tower - Governor

Gazprom Must Relocate Controversial Tower - Governor

Πεμ, 9 Δεκεμβρίου 2010 - 18:34

The ambitions of Gazprom OAO (GAZP.RS) were dealt a symbolic blow Thursday when Saint Petersburg's governor prohibited the gas giant from building a skyscraper in the center of Russia's imperial capital.

Exxon Mobils XTO Launches $3.83B Debt-Tender Offer

Exxon Mobil's XTO Launches $3.83B Debt-Tender Offer

Πεμ, 9 Δεκεμβρίου 2010 - 18:33

Exxon Mobil Corp.'s (XOM) XTO unit launched another debt-tender offer, this one for $3.83 billion of securities, as Exxon continues its effort to erase its recent acquisition's borrowings.

Shell Feared Losing 80% Nigeria Oil Acreage -Wikileaks

Shell Feared Losing 80% Nigeria Oil Acreage -Wikileaks

Πεμ, 9 Δεκεμβρίου 2010 - 18:32

Royal Dutch Shell PLC (RDSB) feared it could lose up to 80% of its oil license acreage in Nigeria after the country's new Petroleum Industry Bill is passed, according to comments from Shell's former executive vice president in the region, Ann Pickard, that appear in U.S. Embassy cables published by Wikileaks.

EU Proposes Rules to Prevent Wholesale Energy Market Abuse

EU Proposes Rules to Prevent Wholesale Energy Market Abuse

Πεμ, 9 Δεκεμβρίου 2010 - 16:59

The European Commission has today proposed rules on wholesale energy markets to prevent market manipulation and insider trading. The Regulation seeks to ensure market transparency by obliging energy traders to respect clear market rules. Wholesale markets, where gas and electricity is traded between companies producing energy and traders, are key to the prices consumers finally pay.

World Oil Prices May Fall to $60 per barrel in Three Years Warns Minister

World Oil Prices May Fall to $60 per barrel in Three Years Warns Minister

Πεμ, 9 Δεκεμβρίου 2010 - 14:43

Global oil prices may fall to $60 per barrel within the next three years for a period of about six months, which will have a strong negative impact on the Russian economy as it heavily depends on world energy prices, Russian Finance Minister Alexei Kudrin said on Wednesday.

Brazil and India Lead in Global Decarbonization, says PwC

Brazil and India Lead in Global Decarbonization, says PwC

Πεμ, 9 Δεκεμβρίου 2010 - 14:42

Brazil and India are leading the G-20 countries in the worldwide race toward reducing carbon dioxide emissions in relation to economic activity, according to PricewaterhouseCoopers’ Low Carbon Economy Index.

EU Wants To Clamp Down On Abuses In Energy Trading

EU Wants To Clamp Down On Abuses In Energy Trading

Τετ, 8 Δεκεμβρίου 2010 - 18:33

The European Commission proposed Wednesday new rules to clamp down on illicit practices in wholesale energy trading, in a bid to make prices more transparent as it pushes for stronger competition in a market worth billion of euros.

Chinese Official Sees More Progress On Climate Talks Next Year

Chinese Official Sees More Progress On Climate Talks Next Year

Τετ, 8 Δεκεμβρίου 2010 - 18:33

China sees the current round of U.N. climate change talks as an opportunity to move forward on decisions that will come next year, but not at the end of the week when the Cancun conference ends, a top Chinese negotiator said Tuesday.

RWE Shelves Plans For CCS Plant In Western Germany

RWE Shelves Plans For CCS Plant In Western Germany

Τετ, 8 Δεκεμβρίου 2010 - 18:33

German utility RWE AG (RWE.XE) said Wednesday it has shelved plans to build a coal-fired power plant with large-scale carbon capture and storage technology, a year after it said the project would be delayed due to a lack of adequate legislation.

Russia May Revive PSAs For New Oil, Gas Projects-Shmatko

Russia May Revive PSAs For New Oil, Gas Projects-Shmatko

Τετ, 8 Δεκεμβρίου 2010 - 18:32

Russia said Wednesday it may revive the practice of production-sharing agreements for new oil and gas projects, like the PSAs it had signed with companies ExxonMobil Corp (XOM) and Royal Dutch Shell PLC (RDSA) in the 1990s, indicating an radical change to the government's current position on partnership deals.

GDF Suez Enters Exploration In Greenland Waters

GDF Suez Enters Exploration In Greenland Waters

Τετ, 8 Δεκεμβρίου 2010 - 18:32

French energy giant GDF Suez (GSZ.FR) Wednesday said it has signed its official entry into two gas and oil exploration licenses with the Greenlandic Ministry of Industry and Mineral Resources, and has a share of 26.3% in each license.