January 2017

Global growth to rise as political earthquakes ironically unearth brighter outlook

Mood at World Economic Forum 2017 to be mixture of anticipation and anxiety The political earthquakes of 2016 have upended conventional thinking about the global economy and have ironically brightened the outlook, according to new analysis released today at the World Economic Forum in Davos by IHS Markit. “In 2017, the global economy will see

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Report: Anti-pipeline movement could cripple US electricity grid by 2030

Denying pipeline expansions will raise electric rates, cut jobs and jeopardize US energy security A new report released today by Consumer Energy Alliance (CEA) found that rejecting pipeline infrastructure would remove almost one-third of US electricity generation capacity by 2030, dangerously raising electric rates nationwide, especially for poverty-stricken households. The report, titled “Families, Communities and Finances:

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Africa’s first grid-connected biogas plant powers up

Biogas plant meets power needs of 5,000-6,000 rural homes By Geoffrey Kamadi NAIVASHA, Kenya, Jan 10 (Thomson Reuters Foundation) – A commercial farm in Kenya has become Africa’s first electricity producer powered by biogas to sell surplus electricity to the national grid, cutting the carbon emissions associated with oil-powered generation. The Gorge Farm Energy Park in

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Opinion: Volatility and cyclicality in oil prices – will this time be different?

Worst of the oil prices is over, but instability will characterise recovery  By John Kemp LONDON, Jan 13 (Reuters) – Extreme volatility and strong cyclicality have been the defining characteristics of oil prices and the industry since the first modern oil well was drilled in Pennsylvania in 1859. Oil prices are much more volatile than

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U.S. State Department nominee Rex Tillerson fights climate deposition

U.S. State Department nominee Tillerson fights climate deposition By Emily Flitter NEW YORK, Jan 13 (Reuters) – Rex Tillerson, the former oil executive under consideration for U.S. secretary of state, is trying to avoid giving testimony in a federal lawsuit over climate change, according to a lawyer for a group of teenagers who filed the

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