Bloomberg

Bloomberg

You can read more from Bloomberg at www.bloomberg.com

Con Edison to calculate benefits of preparing utility for climate change

Electric utility Con Edison will conduct an economic analysis to quantify the benefits of preparing its infrastructure for the impacts of climate change, a company official said Feb. 10.  More »

Iraq considers more actions against Exxon for Kurd oil venture

Iraq is considering additional measures against Exxon Mobil Corp. over deals the company signed with the semi-autonomous Kurdish region, Deputy Prime Minister for Energy Affairs Hussain al-Shahristani said.  More »

PetroChina parent finds enough gas to meet demand for two years

China National Petroleum Corp., the country’s biggest oil and natural gas producer, discovered a natural gas reserve that is big enough to supply the nation’s needs for two years.  More »

Keystone consultant disclosed ‘conflict of interest’ to feds

The consulting firm that wrote a largely favorable environmental review of the proposed Keystone XL pipeline disclosed to the State Department work it did that led to allegations of a conflict of interest after it won the contract, according to newly released documents.  More »

Canadian PM sees Keystone approval, with or without Obama

Canadia Prime Minister Stephen Harper has been openly critical of President Obama for repeatedly “punting” on Keystone and interfering with a long-standing and mutually beneficial energy relationship. If Barack Obama doesn’t approve the pipeline, he says, another president will.  More »

Hedge funds boost diesel bets with supply at decade low

Hedge funds are the most bullish on diesel in almost five months as the coldest January in 20 years boosted demand and cut U.S. supply to the lowest in a decade.  More »

TransCanada asks Texas Supreme Court to skip Keystone review

TransCanada Corp. asked the Texas Supreme Court to reject a farmer’s request to review condemnation rulings allowing the Keystone XL pipeline to cross her land against her will.  More »

Google briefly tops Exxon Mobil in value

Exxon Mobil has been under pressure since it reported fourth-quarter output declined last month.  More »

Keystone XL pipeline records sought in Sierra Club suit

Keystone XL pipeline records are being sought by the Sierra Club in a lawsuit claiming the U.S. Army Corps of Engineers has to make public documents related to its review of TransCanada Corp. (TRP)’s project.  More »

US electricity demand rose in 2013, boosting emissions

Total U.S. electricity demand increased 1.4 percent last year, the first gain since 2010 and reversing long-term trends in the energy industry, according to a new report.  More »

Property owners threaten second suit over delay on fracking study

A coalition of property owners announced that it will sue New York state over its delay in issuing a long-awaited environmental impact statement on hydraulic fracturing unless the state provides a reasonable timeline by Feb. 13 for finalizing the process.  More »

Keystone ardor cools as oil sands producers find other routes

Producers have become less reliant on Keystone XL as new rail terminals increase their ability to ship oil on trains. And support has grown for other pipeline proposals, including a separate TransCanada project that would carry crude from Alberta to the nation’s Atlantic Coast.  More »