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Germany Agrees on Regulation to Allow Fracking for Shale Gas
2013-02-26 09:13:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: German Chancellor Angela Merkels government agreed on draft regulation to allow the tapping of shale gas via hydraulic fracturing, or fracking, a practice the opposition says may harm the environment. The legislation would outlaw fracking in water protection areas and near drinking water wells and would make environmental impact studies mandatory for new projects, Environment Minister Peter Altmaier and Economy Minister Philipp Roesler said in a joint letter obtained by Bloomberg News. The measures...
Tags: germany
gas
regulation
agrees
BT agrees to buy ESPN channels
2013-02-25 14:25:20| BBC News | Business | UK Edition
BT agrees to buy ESPN's UK and Ireland TV channels as it adds to its live sports coverage.
Tags: buy
channels
agrees
espn
Europe agrees on first offshore oil and gas safety law
2013-02-22 01:00:00| Offshore Technology
A political agreement has been reached between the European Parliament and the Council on the European Commission's proposal for legislation on the safety of oil and gas operations in the European Union (EU).
Sherwin-Williams agrees to add $80 million to ESOP to settle DOL charges
2013-02-21 23:52:15| Chemicals - Topix.net
Sherwin-Williams Co. , Cleveland, will put $80 million into its employee stock ownership plan to settle charges by the Department of Labor that it mismanaged the plan to take advantage of tax breaks.
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million
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agrees
America Movil agrees support for KPN rights issue
2013-02-20 09:04:00| Telecompaper Headlines
(Telecompaper) KPN said it has signed a long-term relationship agreement with America Movil (AMX), its largest shareholder, which will support KPN in its bid to raise EUR 4 billion in equity capital. AMX said it will, subject to certain conditions, vote in favour of certain resolutions to be put before the general meeting of shareholders. The AGM is scheduled to take place on 10 April, and replaces the EGM planned for 19 March, which is hereby cancelled. AMX will approve KPN's capital increase subject to to the appointment of two individuals, designated by AMX, to KPN's supervisory board, amongst other conditions. The capital to be supported by AMX will consist of a EUR 3 billion rights issue and the issue of hybrid capital instruments which are expected to receive partial equity recognition, bringing the total to EUR 4 billion. KPN will use the proceeds to reduce its net debt level and to continue investing in operations. AMX will participate in the rights issue pro rata to its current stake of around 28 percent in KPN. KPN said that it and AMX look forward to further developing their relationship by leveraging the financial, commercial and operational expertise of both parties.
Tags: rights
support
issue
america
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