Fossil Fuel News
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Enbridge Inc., Canada’s largest oil pipeline operator, is spending more time seeking public support for new conduits than regulatory approval as opponents of fossil fuel development try to block new routes to market, Chief Executive Officer Al Monaco said.
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Tokyo Electric Power Co., operator of the stricken Fukushima Dai-Ichi plant, surged for a fourth consecutive day, bringing gains to 59 percent in the period amid speculation it will apply soon to restart idled reactors.
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It has been 35 years since California voters overwhelmingly approved Proposition 13, a measure that, as Governor Jerry Brown put it in 2011, “started the centralization of power” in the state. He should know because he was also governor in 1978 and helped oversee that shift.
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The European Union should scrap fossil fuel and renewable energy subsidies and set a target to cut oil imports to remain the leader in the fight against global warming, according to Poland’s environment minister.
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“Energiewende” may not be a household word in the United States today, but U.S. citizens and policymakers are likely to hear more about it. It’s the name of Germany's ambitious energy transformation, which aims to move the country to at least 80 percent of electricity from renewable energy sources by 2050.Germany already gets nearly 25 percent of its electricity from renewable sources, up from just under 7 percent thirteen years ago. That is no small feat. Germany is a manufacturing powerhouse: It's the world's fifth largest economy and third largest exporter.
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RWE AG’s first-quarter profit beat analysts’ consensus estimates for the first time in more than a year, rising as Germany’s second-largest utility cut costs.
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Canada is “very close” to an agreement with industry on new rules to lower greenhouse-gas emissions from the oil and natural gas industry, Environment Minister Peter Kent said.
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They’re unlikely business partners: a billionaire environmentalist and one of the largest coal-burners in the U.S.
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Turkey’s biggest wind farm, financed with a 135 million-euro ($175 million) loan arranged by the European Bank for Reconstruction and Development, started producing power as the nation seeks to curb fossil-fuel imports.
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Impax Asset Management Group Plc, managing about $3.5 billion, is evaluating investments in four or five publicly traded solar companies in China, Europe and the U.S. as the oversupply of manufacturing capacity declines and prices recover.
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