"JPMorgan Chase developed schemes to sell electricity at falsely attractive prices in Michigan and California, according to The New York Times. The market manipulation could result in JPMorgan Chase receiving penalties from the Federal Energy Regulatory Commission."
Economy & Business
"BP made a record pre-tax profit in the first quarter of double its $9bn for the same period in 2012, the company announced on Tuesday, as a Norwegian regulator rebuked the company for a 2012 oil spill in the North Sea."
"Not far from Google’s headquarters in Mountain View, California, there’s a nondescript building that looks like it might be home to stealth startup. But if you walk in the front door, you won’t find cubicles or computers. You’ll find a secret bike shop where people like Robert Jimenez and Terry Mac twist wrenches and true tires all day long, rocking out to AC/DC and Pink Floyd. Then, if you slip into the back room, you’ll see them: 1,300 green, blue, red and yellow Google Bikes, stacked Santa’s workshop-style as far the eye can see."
Seattle-based InvestigateWest published a feature package last summer documenting illegal parkland conversions in Michigan, New York City, and Oklahoma. They could not cover all the other states — that was left for you to do, with the assistance of their database of some 40,000 federal grants under the Land and Water Conservation Fund.
Government rulemaking takes place with everything on the record in a public docket, right? Well ... actually not. EnergyWire reporter Mike Soraghan revealed in an April 12, 2013 story that presidential aide Heather Zichal met more than 20 times with industry groups lobbying on the proposed rule for fracking on federal lands.
"BP's largest new oil project in the Gulf, called Mad Dog Phase 2, sits atop a 4 billion barrel oil field. BP blames 'market conditions and industry inflation' for delay."
"CHARLESTON, W.Va. -- Scientists backed by a $15 million industry-funded research project are picking apart -- and trying to disprove -- a series of studies that found coalfield residents near mountaintop-removal mining operations face greater risks of serious illness and premature death."
"Rob Gillies and his team gather data on Nepal’s changing climate for a research project. They log temperatures, raindrops and snow. They pump the numbers into powerful computers and read the trend lines the computers spit out. Gillies sees the numbers in human terms, too. Global warming is likely to mean less water, putting crops and livestock in peril, along with nourishment for children who already don’t get enough to eat. That leaves the climate scientist with questions instruments can’t answer. About fairness. Justice. And life and death."
"WASHINGTON — The Supreme Court ruled on Wednesday that Nigerian plaintiffs who said foreign oil companies had been complicit in violating their human rights may not sue in American courts. The decision limited the sweep of a 1789 law that had been used to address human rights abuses abroad."