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Accident raises rail safety concerns

2013-08-09 12:22:33| Railroads - Topix.net

Speculation holds that either metal fatigue in the rails or a seized bearing in a wheel are the likely causes of Sunday's train derailment in Lawtell.

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Norwegian government study raises investment risk fears over Arctic drilling

2013-08-09 11:16:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: The development of oil and gas fields in the Arctic is unlikely to prove compatible with global efforts to tackle climate change, according to the latest major report to raise concerns over the formation of a 'carbon bubble'. The study, commissioned by the Norwegian Ministry of the Environment and undertaken by consultancy Rystad Energy, assessed the risk of the country's oil and gas industry being left with stranded assets as governments attempt to meet the global goal of restricting average...

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UK crowdfunding raises 3m for clean energy projects

2013-08-09 10:00:00| Climate Ark Climate Change & Global Warming Newsfeed

RTCC: Crowdfunding is providing the financial impetus needed to lift renewable energy projects off the ground, as an investment company raises 700,000 in a month. Abundance Generation, a finance crowdfunding platform, is encouraging ordinary people to invest small amounts to fund renewable energy products across the UK. Since the project launched last summer, it has raised a total of 3m. A further 7m of new projects are planned for launch through the rest of 2013. The achievement comes after a recent...

Tags: energy projects clean raises

 

Cartel break-up raises doubts about BHP's Jansen project

2013-08-08 09:34:04| Paper - Topix.net

The break-up of one of the world's two big potash cartels has spawned much speculation about the future of BHP Billiton 's Jansen project in Saskatchewan, with a report from analysts at Bank of America Merrill Lynch arguing that acquiring existing potash producer Mosaic might make more sense than proceeding with the $14-15 billion greenfield ... (more)

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Swisscom raises revenue outlook, sees new CEO by year-end

2013-08-07 09:25:00| Telecompaper Headlines

(Telecompaper) Swisscom reported a small drop in first-half results, but raised its full-year revenue outlook thanks to recent acquisitions. Sales for the first six months of the year dropped 0.4 percent to CHF 5.6 billion, and EBITDA fell 5.5 percent to CHF 2.1 billion. The company blamed the drop on general price erosion in the Swiss market and lower roaming revenue, while growth in customer numbers also increased costs. Net income fell by 9.7 percent to CHF 819 million. Capex was down 0.4 percent in the first half to CHF 1.0 billion, but the company still expects a higher result for the full year. Revenues for 2013 are now estimated at over CHF 11.4 billion, up from an earlier outlook of CHF 11.3 billion, following the acquisitions of Entris and Cinetrade in H1, which are expected to add about CHF 150 million this year. Swisscom maintained its EBITDA outlook, for at least CHF 4.25 billion in 2013, and capex is forecast at CHF 2.4 billion. The company also announced that it expects to appoint a new CEO before year-end, and Christian Petit has been named the new head of Swisscom Switzerland from 1 September.

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