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ABB preserves Power Grids unit, makes known about a $3 billion share buyback

ABB declared on Tuesday it was keeping its Power Grids business, declining calls from shareholders who have campaigned for the $11.6 billion division to be detached from the Swiss engineering conglomerate.

read more... 04/10/2016


EU opens investigation into tax agreements between Luxembourg and Engie

European Union antitrust regulators opened an investigation on Monday into tax agreements offered by Luxembourg to French power utility Engie, stepping up the EU's campaign against tax evasion by multinationals.

read more... 21/09/2016


Daily: Crude oil prices settle down as military campaign in Yemen ends

Crude oil prices declined on Tuesday after Saudi Arabia unveiled the end of its military campaign in Yemen, lessening turmoil in the Middle East and traders predicted another build in U.S. crude inventories. UK North Sea Brent crude slipped $1.37, or 2.1 percent, to settle at $62.08. U.S. crude front-month May contract which expired at the close of Tuesday's session, dropped $1.12, or 2 percent, to close at $55.26 a barrel. WTI crude for June delivery eased $1.27 at $56.61.

read more... 22/04/2015


UK to amend subsidies for dirty coal-fired power plants

The British government said on Monday it plans to amend the latest draft of its proposed energy capacity market to exclude long-term subsidies for ageing coal plants, succumbing to the pressure from environmental campaign groups.

read more... 05/08/2014


Carbon tax is over: Australia’s Senate abolishes tax on carbon emissions

The Australian Senate voted 39 to 32 to repeal the nation’s controversial tax on carbon emissions after eight years of harsh political debate during which climate policy dominated three election campaigns and contributed to the resignation of two prime ministers.

read more... 18/07/2014