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Enron redux: Shell bilked California in energy crisis, judge

2016-04-16 00:07:21| Energy - Topix.net

Fifteen years after blackouts swept the state, a Federal Energy Regulatory Commission judge has found that a division of Shell Oil engaged in fraud and market manipulation during California's energy crisis, with company traders joking on tape about burning the evidence if they were ever caught. The tentative decision, which must be approved by the FERC board, holds Shell and Spanish energy company Iberdrola liable for $1.1 billion in ill-gotten profits, money that could be refunded to Californians if the decision stands.

Tags: california energy judge shell

The Affordable-Housing Crisis Moves Inland

2016-04-15 17:41:00| National Real Estate Investor

Patrick Clark The dual tsunamis of gentrification that submerged both coasts are moving inland, threatening small and midsize U.S. cities. read more

Tags: crisis moves inland affordablehousing

Covestro targets housing crisis for refugees in Germany

2016-04-13 18:51:03| Chemicals - Topix.net

In Tacloban, Philippines, which was ravaged by a typhoon in 2013, plastics maker Covestro is partnering with Habitat for Humanity to construct 4,000 houses built with energy-efficient foam cement that can withstand winds of up to 140 miles per hour. The German materials company, which has similar housing initiatives underway in developing nations including India, Malaysia and Indonesia, now wants to tackle a housing crisis that hits much closer to its home base: providing accommodations for thousands of refugees who have migrated to the German town of Bergisch Gladbach from war-torn nations, including Syria and Afghanistan.

Tags: germany housing crisis targets