While there’s plenty of potential energy to harness, offshore wind has been mostly stymied by high costs. Onshore turbines are some of the cheapest sources of electricity, with an average cost of about $85 a megawatt-hour, according to data compiled by Bloomberg. Coal costs about $90.
Pipeline partnership NuStar Energy LP on Friday reported second-quarter 2015 net income applicable to limited partners of $42.4 million, or 54 cents a unit, compared with $43.6 million, or 56 cents a unit, for the same period a year ago.
The burgeoning use of robots is one more reason there probably won’t be a quick jobs rebound in Canada’s energy industry as it grapples with cheap crude, tougher environmental controls, higher taxes and elevated costs.
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