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August 14, 2015 ENERGY (MSM)

Alter NRG reports 2Q loss

On a per-share basis, the Calgary, Alberta-based company said it had a loss of 13 cents. The alternative energy company posted revenue of $370,000 in the period. In the final minutes of trading on Friday, …

August 14, 2015 ENERGY (MSM)

Moroccan tax authority seizes assets of oil refinery Samir

Morocco’s tax administration seized the assets of the country’s only oil refinery, Societe Anonyme Marocaine de l’Industrie du Raffinage (Samir), over unpaid taxes, an official at the company said on Thursday. Samir is beset by financial difficulties and announced earlier this month that it would halt production at some units of its 200,000 barrel per day (bpd) Mohammedia refinery. The company posted a record consolidated net loss of 2.5 billion

August 14, 2015 ENERGY (MSM)

Solar is having a great year, except on Wall Street

Installations of solar panels are expected to soar by a third this year, the price of solar power is now cheap enough to compete neck and neck with gas and coal-fired power in places like California, and the fledgling industry received a vote of confidence last week when U.S. President Barack Obama announced a groundbreaking plan to curb power plant emissions. Wall Street, however, has been dumping solar shares this

August 13, 2015 ENERGY (MSM)

EPA head meets with Navajo president over Colorado mine spill

By Alison Uralli FARMINGTON, N.M. (Reuters) – The head of the U.S. Environmental Protection agency told the Navajo Nation president on Thursday that her agency would work closely with the Native American tribe in handling a toxic waste spill into river waters from a defunct Colorado gold mine. Navajo Nation President Russell Begaye has pledged to take legal action against the EPA, which has taken responsibility for inadvertently causing the

August 13, 2015 ENERGY (MSM)

Fifteen U.S. states seek to block EPA carbon rule

Fifteen state attorneys general filed a court petition in Washington to block the Environmental Protection Agency’s new rules to curb carbon emissions from power plants until courts have weighed in on whether they are legal. States from Alabama to West Virginia that oppose the Obama administration’s Clean Power Plan filed for the stay in the U.S. Court of Appeals for the D.C. Circuit and asked for a ruling by Sept.

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