Technology to trap carbon emissions from coal- and gas-fired power plants and store it underground has the potential to be cost-competitive with other green energy in the U.K. by the early 2020s, a government adviser said.
PetroChina Co., Asia’s biggest oil and gas producer, dropped a bid to acquire WestSide Corp. as a strong Australian dollar and rising costs discourage resources projects in the country, the Brisbane-based explorer said.
BlackRock Inc.’s Evy Hambro, who manages the $10 billion World Mining Fund, says he will seek talks with Rio Tinto Group management on a planned iron-ore expansion that some analysts say will result in lower prices.
East Timor’s allegations that Australia engaged in espionage during 2004 talks on a treaty for the Sunrise natural gas field may lead to further delays for a Woodside Petroleum Ltd. project, Deutsche Bank AG said.
David Blood, who co-founded Generation Investment Management LLP with Al Gore, said investors should stop giving money to companies that don’t account for the cost of pumping carbon into the atmosphere.
Excess electricity capacity threatens investment in Turkey’s power industry and is leading Zorlu Enerji Elektrik Uretim AS to favor an investment in a more economical coal-fired plant, its chief executive said.
Cheniere Energy Inc. may wrap up financing and make a final investment decision in the next four to six weeks on whether to build third and fourth production units for its Sabine Pass liquefied natural gas export project.