ENERGY (MSM)

Fracking not a 'widespread risk' to drinking water: U.S. EPA

By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – Fracking for shale oil and gas has not led to widespread pollution of drinking water, a U.S. Environmental Protection Agency draft report said on Thursday, although it warned some drilling activities could potentially cause health risks. The study, requested by Congress and five years in the making, said fracking could contaminate drinking water under certain conditions, such as when fluids used

U.S. EPA finds fracking poses no 'widespread risk' to drinking water

By Valerie Volcovici and Timothy Gardner WASHINGTON (Reuters) – Fracking has not led to widespread pollution of drinking water, the U.S. Environmental Protection Agency said on Thursday in a long-awaited draft study, but warned that certain drilling activities could pose risks. The study, requested by Congress and five years in the making, found specific instances where water sources were affected by hydraulic fracturing, the injection of large amounts of sand,

Ikea invests 600 mln euros to be energy independent by 2020

Swedish furniture giant IKEA said Thursday it would invest 600 million euros ($677 million) in renewable energy over five years in a bid to become energy independent by 2020. Being energy independent would mean it produces as much renewable energy as it consumes in its buildings. “The majority of the new commitment (500 million euros) will be invested in wind energy and around 100 million euros is expected to be

Chevron pays record fine in Pennsylvania blast, regulator says

By David DeKok HARRISBURG, Pa. (Reuters) – Oil and natural gas producer Chevron Corp paid a $939,553 fine for a fatal 2014 explosion at one its Pennsylvania gas wells that state officials on Tuesday said may be the largest amount paid for a single incident. The fine reflected the state Department of Environmental Protection’s assessment that the No. 2 U.S. oil company’s management of the well failed to meet state

South Africa's Eskom says nuclear power station unit resumes supply

CAPE TOWN (Reuters) – South Africa’s power utility Eskom said on Tuesday it had restarted a 900-megawatt unit at its Koeberg nuclear station after routine refuelling and maintenance. Africa’s most advanced economy is suffering its most severe power shortage since 2008 as state-owned Eskom struggles to keep the lights on. Eskom has suffered from years of underfunding and investment in new plants and is struggling to meet demand.

Apollo plan on cheaper green energy seeks global backing

By Nina Chestney LONDON (Reuters) – A plan for a new global research program aimed at driving down the costs of renewable energy more quickly has drawn serious interest from the world’s leading economies, its proponents say. The Global Apollo Programme would be an internationally coordinated scheme of research and development focusing on electricity storage technology, smart grids and renewables, according to a report prepared by scientists, economists, former chief