ENERGY (MSM)

Judge rejects CP Rail challenge to Lac-Megantic settlement

(Reuters) – A Quebec judge rejected Canadian Pacific Railway Ltd’s challenge to a settlement for victims of the Lac-Megantic crude by rail disaster on Monday, clearing the way for compensation payments. Parties named in a class action lawsuit, including closely-held Irving Oil, General Electric, Shell Oil Company, ConocoPhillips, Marathon Oil and others, have agreed to contribute to a C$431 million ($338.28 million) compensation fund. ($1 = 1.2741 Canadian dollars) (Reporting

South Africa, Russia sign agreements on nuclear power cooperation at BRICS meeting

South Africa and Russia signed two memoranda of understanding on nuclear power cooperation on Wednesday, part of efforts by Africa’s most advanced economy to lessen its reliance on coal and overcome power shortages that threaten economic growth. The agreements, signed at the summit of emerging BRICS nations in Ufa, Russia, are between Russia’s state-run nuclear energy company Rosatom and South Africa’s department of energy.

British businesses using green energy no longer exempt from climate tax: Osborne

Industrial users of renewable energy in Britain will no longer be exempt from a climate change tax on non-domestic energy users, finance minister George Osborne said on Wednesday. “Now we have a long-term framework for investment in renewable energy in place, we will remove the outdated Climate Change Levy exemption for renewable electricity that has seen taxpayer money benefit ting electricity generation abroad,” Osborne said in his budget speech on

British businesses using green energy no longer exempt from climate tax: Osborne

Industrial users of renewable energy in Britain will no longer be exempt from a climate change tax on non-domestic energy users, finance minister George Osborne said on Wednesday. “Now we have a long-term framework for investment in renewable energy in place, we will remove the outdated Climate Change Levy exemption for renewable electricity that has seen taxpayer money benefit ting electricity generation abroad,” Osborne said in his budget speech on