California has mandated that by 2014 half of container-ship, passenger-ship and refrigerated-cargo-ship fleets must use local power while docked, a process called “cold-ironing.” Oakland is in the process of converting its port. More »
BP’s safety record before the sinking of the Deepwater Horizon made buying shares in the company’s North American unit an “imprudent investment,” workers say in a lawsuit claiming BP lost hundreds of millions in retirement funds because it invested too heavily in its own shares. More »
Legislation approved Sunday night in the Texas House could prompt the U.S. Environmental Protection Agency and other states to make similar rules. The governor hasn’t indicated whether he’ll sign the bill. More »
Cushing, Okla., has been the center of the oil market for decades, housing millions of barrels of the light, sweet crude that make up the world’s most actively traded oil contract. But that contract isn’t what it used to be. (Via W$J) More »
Try as it might to outrun market forces, China’s decision to hike electricity prices from June 1 shows that even the mighty mandarins in Beijing cannot ignore basic laws of supply and demand. (Via FT.com) More »
Oil dropped in New York, headed for its first monthly decline since August, on speculation fuel demand may falter amid a slowdown in the U.S. economic recovery and Europe’s continuing debt crisis. More »
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