Chris Bishop paces as he beams the world’s biggest laser at a peppercorn-sized fuel pellet, a crucial step toward fusing hydrogen atoms to replicate the explosive power of the sun, stars and thermonuclear weapons.
Suncor Energy Inc.’s decision to scrap an C$11.6 billion ($11.4 billion) oil-sands plant shows Canadian producers are betting they can boost shareholder returns by shipping crude directly to refineries instead of investing in costly processing.
In Alabama’s most populous county, twisted tree limbs are strewn on the ground months after a tornado ripped them down. Potholes pockmark roads and parking lots, including one the size of a pizza that swallowed the county manager’s front tire. Government credit cards were rejected when maintenance workers tried to buy supplies.
Alcentra Ltd., the money manager owned by Bank of New York Mellon Corp., is raising a 500 million-euro ($667 million) fund to lend to European companies as banks in the region retreat, according to two people with knowledge of the matter.
The record slump in natural-gas prices signals companies from BHP Billiton Ltd. to Ultra Petroleum Corp. are at risk of writing off billions of dollars of assets following a bubble in U.S. shale-gas acreage.