CONCORD, N.H. (AP) — There’s plenty of raw electricity sloshing around in Quebec’s rivers and reservoirs, offering promise for U.S. northeasterners who pay the nation’s highest power costs.
CONCORD, N.H. (AP) — There’s plenty of raw electricity sloshing around in Quebec’s rivers and reservoirs, offering promise for U.S. northeasterners who pay the nation’s highest power costs.
Next week, the Environmental Protection Agency is expected to outline what could be the Obama Administration’s most influential policy on climate change. Called the Clean Power Plan, the rule is aimed at reducing harmful emissions from existing electric power plants—the country’s largest source of carbon dioxide, the most significant greenhouse gas. The plan will task each state with coming up with a strategy and take action to reduce its carbon
Next week, the Environmental Protection Agency is expected to outline what could be the Obama Administration’s most influential policy on climate change. Called the Clean Power Plan, the rule is aimed at reducing harmful emissions from existing electric power plants—the country’s largest source of carbon dioxide, the most significant greenhouse gas. The plan will task each state with coming up with a strategy and take action to reduce its carbon
MEXICO CITY (AP) — Residents of a heavily Indian area have approved the installation of a huge wind power project in the Isthmus of Tehuantepec in southern Mexico, the Oaxaca state government said Friday.
NEW YORK (AP) — Stocks closed modestly lower Friday as oil titans Exxon Mobil and Chevron led a slump in energy stocks.
New York (AFP) – Weakness in petroleum-linked equities weighed down the Dow and the S&P 500 Friday following poor earnings from ExxonMobil and Chevron and a drop in oil prices.
US oil giants Chevron and ExxonMobil signaled Friday further belt-tightening ahead as the industry responds to lower oil prices that slammed earnings in the second quarter. Chevron said it was trimming 1,500 jobs as it cuts 2015 capital spending about $5 billion compared with last year. “We’re getting our cost structure down, through renegotiations across the supply chain and by sizing our contractor and employee workforce to reflect lower activity
Exxon Mobil shares fell 3.5 percent while Chevron was down 3.9 percent after reporting poor quarterly earnings due to weak oil prices. This definitely puts a lower probability on that,” said Stanley Sun, interest rate strategist at Nomura Securities International in New York. The S&P 500 was down a marginal 0.02 percent at 2,108.13 and the Nasdaq Composite added 0.18 percent to 5,138.08.
Lower oil prices hammered earnings of US petroleum giants ExxonMobil and Chevron Friday, adding to the industry’s woes amid its worst downturn since the late 1990s. ExxonMobil, the biggest US oil company, said second-quarter profits fell by 52.3 percent year-over-year to $4.2 billion as it reported a loss in its US exploration and production division. The carnage was even worse at Chevron, which reported about a 90 percent drop in