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Rich countries subsidising oil, gas and coal companies by $88bn a year
2014-11-11 01:17:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: Rich countries are subsidising oil, gas and coal companies by about $88bn (55.4bn) a year to explore for new reserves, despite evidence that most fossil fuels must be left in the ground if the world is to avoid dangerous climate change. The most detailed breakdown yet of global fossil fuel subsidies has found that the US government provided companies with $5.2bn for fossil fuel exploration in 2013, Australia spent $3.5bn, Russia $2.4bn and the UK $1.2bn. Most of the support was in the form of tax...
Tags: year
companies
countries
rich
Tanzanian Officials Arrested For Failure to Publish Natural Gas Contract Details
2014-11-11 01:08:35| Oil & Gas - Topix.net
Two senior Tanzanian officials were arrested after they failed to produce details of multi-billion dollar natural gas extraction agreements signed with Statoil of Norway; the BG Group and Ophir from UK; and ExxonMobil from the U.S. Opposition politicians want assurances that the money will be spent in a transparent manner. James Andilile and Michael Mwanda, the chair and the acting director general of the Tanzania Petroleum Development Corporation respectively, were taken into custody on Tuesday for not meeting a deadline imposed by the Public Audits Committee to release details of the 26 production sharing agreements signed by the Tanzanian government.
Tags: details
natural
contract
gas
Enbridge Income Fund acquires natural gas and diluent pipeline stakes for $1.76bn
2014-11-11 01:00:00| Hydrocarbons Technology
Enbridge Income Fund Holdings and Enbridge Income Fund have acquired a 50% stake in the US segment of the Alliance Pipeline in a $1.76bn transaction.
Future of drilling industry is in natural gas, not oil, CEO says
2014-11-10 20:56:40| Oil & Gas - Topix.net
One of the Utica shale play's biggest boosters says natural gas, not oil, is key to U.S. energy production. Magnum Hunter Resources Corp. CEO Gary Evans says his company made the decision to sell most of its oil holdings two years ago.
Tags: future
industry
natural
says
Photo shows a gas meter on the side of a home.
2014-11-10 19:32:58| Energy - Topix.net
Imagine a world where electric bills are never estimated. There are no meter readers, outages are pinpointed immediately, power is connected remotely, and households track their energy consumption at any time.
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