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Summer of blackouts ahead? Blame the big methane leak

2016-04-07 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Greenwire: Electricity blackouts could hit Southern California on 14 days this summer, a side effect of the record-breaking Los Angeles-area methane leak, power officials said yesterday. The leak at the Aliso Canyon natural gas storage site from October through February prompted a moratorium on injecting more fuel there while 114 wells undergo a safety review. Supplies in the underground reservoir are at less than a fifth the facility's capacity. Aliso Canyon normally plays a big role in regional electricity...

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Dont be like Exxon, says Bloomberg-led task force to Big Oil

2016-04-06 21:29:00| Climate Ark Climate Change & Global Warming Newsfeed

Grist: Are companies making an expensive blunder by not disclosing their financial risks from climate change? A task force established by the international monitoring body Financial Stability Board is advising its better to be on the safe side, according to an early draft report released by the group`s task force on climate-related financial disclosures, led by former New York Mayor Michael Bloomberg. According to the report, existing practices vary wildly. Though companies in most of the worlds major...

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Cree plunges after big preliminary FQ3 miss

2016-04-05 23:59:17| Semiconductors - Topix.net

Cree is is tumbling 17% in AH trading after cutting its FQ3 EPS and revenue view, as well as estimating a GAAP gross margin below its prior estimate of 29.7%. Chairman and CEO Chuck Swoboda: "The estimated revenue is below the Company's previously targeted range of $400 million to $430 million due to lower Lighting Products revenue.

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Obama: 'tax avoidance is a big problem'

2016-04-05 20:46:09| BBC News | Business | UK Edition

President Obama has warned "tax avoidance is a big global problem", and urged Congress to take action to eliminate tax loopholes.

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Empowering Water Entrepreneurship: Nano Bubbles Make A Big Difference In Produced Water

2016-04-05 18:34:08| oilandgasonline News Articles

Part two in our series on the “Pow! emPowering Opportunities in Water” competition from Veolia, The Water Council, and the Wisconsin Economic Development Corporation, takes a closer look at winning company Nano Gas Technologies, Inc.

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