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investment

The West Texas sky silhouettes a Linn Energy pumpjack in the Permian basin. (Linn Energy)

Linn announces $1 billion equity deal

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Oil producer Linn Energy signed a deal with Quantum Energy Partners, a private investor, to help fund up to $1 billion in oil and natural gas acquisitions, the companies said Tuesday
Site preparation has already begun for construction of Chevron Phillips Chemical’s new ethane cracker at its Baytown facility. (Chevron Phillips Chemical)

Sasol approves plan for $8.1 billion ethane cracker near Lake Charles

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The project is driven by the abundance of low-cost ethane and natural gas in the U.S., which has prompted many chemical makers to beef up their U.S. facilities.
An employee of SunPower Corp. checks assembled solar panels at the SunPower Corp. module manufacturing plant at Flextronics in Milpitas, California. (David Paul Morris/Bloomberg)

Renewables to get most of $7.7 trillion power investments

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Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.
Kristian Helgesen/Bloomberg

Norway oil spending expected to plunge on costs, political meddling

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Oil and gas companies operating in Norway, western Europe’s biggest producer, predict investments will plunge 21 percent next year amid rising costs and increased political interference over offshore developments.
Warren Buffett, chairman and CEO of Berkshire Hathaway Inc. (Photo: Andrew Harrer/Bloomberg)

Buffett to expand energy wager ‘as far as the eye can see’

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Berkshire Hathaway Inc., which has struck deals to expand its utility business in Nevada and Western Canada, plans more investment in the industry, in part by betting on renewable power, Chairman Warren Buffett said.
A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

Fracking sucks money from wind while China eclipses US

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U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.
(AP Photo/Mark Lennihan, File)

New York making $1B investment in solar power

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New York Gov. Andrew Cuomo says the state is making a long-term, $1 billion investment in support of solar power.
(Bill Montgomery/Houston Chronicle)

Company plans $2B Ethiopian power project on imploded volcano

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Reykjavik Geothermal, the Icelandic power-plant builder, plans to begin drilling in Ethiopia by July as part of a $2 billion project to develop the renewable energy source, Chief Operating Officer Gunnar Orn Gunnarsson said.
CERAweek

Bernanke: Energy ‘a bright spot’ in recovering economy

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The national oil and gas boom may have created a quarter of the jobs U.S. employers have added to payrolls since the economic downturn began six years ago, former Federal Reserve Chairman Ben Bernanke said Friday.
Solar panels are installed in Arlington, Ariz.  (AP Photo/Ross D. Franklin, File)

European green energy fears losing investments on ‘weak’ targets

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Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy in 2030.