Economy & Business

WTO Finds China Rare Earth Export Restrictions Found Unfair

"When the World Trade Organization ruled this week that China must again start exporting rare earth elements key to manufacturing high tech and defense products, traders and the markets that need the materials rejoiced. But less happy were the Chinese who claim complying will hurt the environment."

Source: Intl Business Times, 03/28/2014

"ExxonMobil Agrees to Report Carbon Stranded Asset Risk"

"In response to a shareholder resolution, ExxonMobil, the largest U.S. energy company, for the first time has agreed to publish a Carbon Asset Risk report on the company website. The report will show investors how ExxonMobil plans for a future where market forces and climate regulations will make some of its oil and gas reserves unburnable."

Source: ENS, 03/25/2014

"In Shift, Exxon Mobil to Report on Risks to Its Fossil Fuel Assets"

"Energy companies have been under increasing pressure from shareholder activists in recent years to warn investors of the risks that stricter limits on carbon emissions would place on their business. On Thursday, a shareholder group said that it had won its biggest prize yet, when Exxon Mobil became the first oil and gas producer to agree to publish that information by the end of the month."

Source: NY Times, 03/21/2014

Biggest Lease Holder in Canada’s Oil Sands Is the Koch Brothers

"You might expect the biggest lease owner in Canada's oil sands, or tar sands, to be one of the international oil giants, like Exxon Mobil or Royal Dutch Shell. But that isn't the case. The biggest lease holder in the northern Alberta oil sands is a subsidiary of Koch Industries, the privately-owned cornerstone of the fortune of conservative Koch brothers Charles and David."

Source: Wash Post, 03/21/2014

"E-Mails Show Close Ties Between Duke, NC Regulators"

"Internal emails between staff at North Carolina's environmental agency suggest state regulators were coordinating with Duke Energy before intervening in efforts by citizens groups trying to sue the company over groundwater pollution leeching from its coal ash dumps."

Source: AP, 03/14/2014

"Duke CEO: All Customers Pay for Coal Ash Cleanup"

"CHARLOTTE, N.C. -- Duke Energy's CEO says while the company and its shareholders will pay to clean up a coal ash spill in the Dan River, its customers will shoulder the costs of closing the rest of the utility's coal ash ponds across North Carolina."

Source: AP, 03/10/2014

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