Economy & Business

"Investors group will vent its displeasure during AGM by voting against £4.6m remuneration package for chief executive"

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"A substantial pay revolt will be mounted by shareholders at the annual general meeting of BP on Thursday following the board decision to give more than £4m remuneration to chief executive, Bob Dudley, despite a depressed stock price.

A group of investors will vote in protest against acceptance of this part of the company's remuneration report, emboldened by a negative recommendation from the shareholder advisory body Pirc.

"The Treasury Department's $9 billion renewable energy grant program supported as many as 75,000 jobs each year it was available, according to a new report from the Department of Energy that counters Republican criticism of the grant-in-lieu-of-tax-credit effort."

"Natural-gas companies are taking concerns about looming Interior Department 'fracking' regulations to the White House with efforts that include a meeting between a major producer and the Obama administration’s top regulatory official."

"For the past 10 years, California has struggled with huge budget deficits and wrenching cuts. Suddenly, however, the state is poised to raise billions from an unusual new source: the proceeds from its landmark global warming law."

"Department of Energy invested millions to develop cutting-edge technology to power electric vehicles, but that know-how is now in foreign hands"

"'The failure of the U.S. nuclear power program ranks as the largest managerial disaster in business history, a disaster on a monumental scale.' The rant of an antinuclear activist? Hardly. It was the first sentence of an in-depth story in a conservative business magazine, Forbes.  In 1985."

"For the first time, the federal government on Thursday released an estimate of the number of so-called green jobs in the United States economy, saying that 3.1 million people are employed in the production of goods and services that benefit the environment."

"WASHINGTON - It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.

A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump."