The U.S. Interior Department is considering regulations for production of natural gas and oil from shale on federal lands, including required disclosure of the chemicals used and standards for water and wells.
A proposal to increase royalty rates for energy production on federal lands isn’t imminent and won’t be included with President Barack Obama’s 2013 budget proposal this month, an administration official said.
Nestle SA was rated “reduce” by Nomura Holdings Inc. and “underperform” by Bank of America Merrill Lynch, its first sell recommendations since April, because of concern that earnings growth won’t meet estimates.
Danone SA , owner of the Evian and Volvic bottled-water brands, is talking with Japanese beverage makers about the sale of part or all of its water business, said three people with knowledge of the matter.
Federal rules for fracking on public lands, set to be released in a few weeks, may serve as a model for states to get companies to disclose the chemicals used in the drilling process, an Obama administration official said.