Energy

Ghana’s green energy projects await sign-off

Irishmen are playing an outsized role in reshaping Ghana’s energy sector. First, Tullow Oil, founded and chaired by Aidan Heavey, pioneered development of the country’s oil and gas reserves. Now, Mainstream Renewable Power, founded and chaired by Eddie O’Connor, is aiming to do the same for renewable energy. Mr O’Connor, like Mr Heavey a graduate of University College Dublin, has ...

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Nuclear agenda in Africa under spotlight, as Rosatom launches wind energy firm

Cape Town – Russia’s nuclear agenda in Africa came under the spotlight this week, after Rosatom announced the launch of a major wind energy subsidiary. Russia’s state-owned nuclear firm this month announced the formation a new wind energy subsidiary to manage 970 MW of new capacity being developed, but assured Fin24 this week that nuclear energy is still its core ...

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Troubled lines company Aurora Energy CEO Grady Cameron to get six-figure exit package

HAMISH MCNEILLY Last updated 13:05, September 22 2017 SUPPLIED Aurora Energy boss Grady Cameron’s exit package means he will make nearly $1 million in a year. Grady Cameron, chief executive of Otago lines company Aurora Energy, will receive a six-figure golden handshake. The exit package from the council-owned company, which came under fire for its power pole replacement, will take his remuneration for ...

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Alliant Energy’s Iowa energy company reaches partial settlement on pending rate review

CEDAR RAPIDS, Iowa, Sept. 21, 2017 /PRNewswire/ — Today, Alliant Energy’s Iowa energy company filed a proposed partial settlement agreement in its 2017 electric rate review.  This agreement creates cost certainty for customers and allows Alliant Energy to continue to advance cleaner energy, to strengthen the reliability of Iowa’s power grid and provide innovative customer solutions. “This collaborative process with ...

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Vancouver’s Renewable Energy Royalties looks at what the elimination of the international business activity program means

Given the announced intention of the B.C. government to eliminate the international business activity program, it seems unlikely Vancouver-based Renewable Energy Royalties will get the opportunity to become a member of the program, around for almost three decades, which offers income tax rebates for participants and brings new business to the province. In a sense, that’s a pity, because the ...

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Hefty fine for Calgary energy company charged in workplace accident

Calgary-based Husky Oil Operations Ltd., (TSX:HSE) has been fined $100,000 for an accident that injured a worker at its complex in Lloydminster, Sask. The Saskatchewan Ministry of Labour Relations and Workplace Safety says the company pleaded guilty Sept. 18 in Lloydminster provincial court to contravening a subsection of occupational health and safety regulations. That subsection deals with the failure to ...

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Overnight Energy: Court tosses fracking rule lawsuit

APPEALS COURT DISMISSES FRACKING LAWSUIT: A federal appeals court threw out a case Thursday over the Obama administration’s federal-land fracking rule. The three-judge panel of the Court of Appeals for the 10th Circuit ruled that since the Bureau of Land Management (BLM) is already working to repeal the rule on its own, it isn’t right to keep the lawsuit going. ...

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Financials and energy sectors boost TSX, Wall St. down on rate hike expectations

TORONTO – Rising energy and financials shares pushed Canada’s main stock index higher today as U.S. stock indexes veered lower on heightened interest rate hike expectations. The Toronto Stock Exchange’s S&P/TSX composite index climbed 65.32 points to 15,454.92. In New York, modest gains from a day earlier were wiped out as investors digested Wednesday’s news that the U.S. Federal Reserve ...

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