Energy Development Corp., the largest Philippine geothermal power generator, fell the most in more than four years on concern earnings will decline after the company said its typhoon-damaged plants are inoperable.
Colorado will become the first U.S. state to limit methane emissions from the production of natural gas and oil, addressing an issue that climate watchdogs say is a downside of the boom in hydraulic fracturing.
Alberta’s premier defended her province’s environmental record while lobbying in Washington yesterday for the Keystone XL pipeline amid new questions over Canada’s ability to meet greenhouse-gas reduction targets.
Philippine stocks retreated, with the benchmark index falling the most in six weeks, amid concern the devastation from Super Typhoon Haiyan will weigh on economic growth. The peso declined to a five-week low.
The partial government shutdown last month cost the government about $2 billion in lost productivity because of employee furloughs and will trim economic growth by as much as 0.6 percentage point in the fourth quarter, the White House budget office reported today.
Dana Gas PJSC, an energy producer forced to restructure debt last year, said third-quarter profit fell amid faster depreciation of assets in Egypt and as Kurdish authorities tried to sell company holdings in Iraq.
Warburg Pincus LLC, the private- equity firm that helped discover Ghana’s largest oilfield, plans to raise its first fund that is dedicated to global energy investments, according to two people familiar with the matter.