Investment Decision

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• Carbon Capture Able to Be Competitive by 2020s, U.K. Group Says

  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 Drops WestSide Offer in ‘Difficult’ Australian Market

  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’s Hambro Seeks Talks With Rio on $5 Billion Expansion

  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 Claims May Slow Woodside’s LNG Project, Deutsche Says

  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.

• Santos, GDF Suez May Add Investor to LNG Project in Australia

  Santos Ltd., Australia’s third-biggest oil producer, said its proposed Bonaparte floating liquefied natural gas venture with GDF Suez SA off the country’s northern coast may bring in another partner.

• Ignoring Carbon Cost ‘Bad Investment Decision,’ David Blood Says

  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.

• Namibia to Sell 49% Stake in $1.1 Billion Gas Power Plant

  Namibia Power Corp., a state-owned electricity supplier, plans to sell 49 percent of the $1.1 billion gas-fired power plant it’s building.

• Turkey Excess Power Seen Delaying Projects as Zorlu Prefers Coal

  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 Sees Financing, Decision on Sabine Pass Units

  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.

• Uranium Explorer Toro in Talks With Seven Possible Asia Partners

  Toro Energy Ltd., the uranium explorer planning a A$269 million ($279 million) project in Western Australia, said it’s in talks with seven potential partners in Japan, China and South Korea.

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