Chesapeake Energy Corp. has turned to a former ConocoPhillips CEO with a Marine background to serve as chairman of the cash-strapped company, as it looks it soothe shareholder concerns over the company’s finances. More »
There may be little reason to hope the Rio+20 meeting in Brazil this week will lead to major global action against climate change. World leaders have skipped it. The draft agreement the delegates from 190 countries have written is rightly criticized as weak. More »
Tokyo Electric Power Co. (9501)’s crippled Fukushima nuclear plant faces its second typhoon season since the March 11 disaster last year, raising the risk of further radiation leaks if storms thrash exposed pools of uranium fuel rods or tanks holding contaminated water. More »
Celebrities joined advocacy group Greenpeace International in seeking a ban on oil drilling and excessive fishing in Arctic waters that would scuttle plans by Exxon Mobil Corp. (XOM) and its Russian state-run rival OAO Rosneft to extract petroleum there. More »
Federal officials have approved a solar plant on an Indian reservation outside Las Vegas, marking the nation’s first commercial-grade solar energy project on tribal land and new territory for the Obama administration’s renewable energy agenda. More »
The committee that negotiated a proposed settlement of thousands of claims arising from the 2010 oil spill are explaining it to other plaintiff lawyers this week at presentations in Houston and elsewhere along the Gulf Coast. More »
Exxon Mobil Corp., Total SA, and Melrose Resources Plc are competing for a permit to explore for natural gas in the deep waters of the Black Sea off the Bulgarian coast as the country seeks to boost local output to one third of consumption. More »
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