A recent increase in U.S. inflation is driven primarily by rising commodity prices globally, and is unlikely to persist, Federal Reserve Chairman Ben Bernanke said on Monday. The comments stood in sharp contrast to a string of U.S. central bank officials, some of whom have argued the time is coming for the Fed to begin tightening monetary policy. Earlier...
Two important announcements involving renewable energy made on the opening day of U.S. President Barack Obama’s official visit to Brazil, both directly relevant to Brazil’s successful sugarcane ethanol industry, are encouraging signs that Brazil and the U.S. are on a path to achieve free, unobstructed trade for clean, renewable biofuels....
Surging oil prices are deepening a split inside the Federal Reserve, blurring the likely direction of U.S. monetary policy and making next week’s policy meeting all the more contentious. The sharp rise in energy costs, precipitated by a wave of pro-democracy uprisings across the Arab world, could affect the economy in different ways, by retarding...
Global oil prices could exceed $110 a barrel if political unrest in Egypt continues, a member of Kuwait’s Supreme Petroleum Council said on Sunday. Oil prices have spiked due to tension in Egypt. Brent crude hit $100 per barrel for the first time since 2008 on fears instability could spread through the Middle East, which together with North Africa...
Daniel A. Weekley has been promoted to vice president-Government Affairs for Dominion. Weekley is responsible for the company’s federal, state and local government relations. He reports to Robert M. Blue, senior vice president-Law, Public Policy & Environment, and is based in Richmond. “Dan brings with him experience across almost all...
Masdar, Abu Dhabi’s multi-faceted initiative advancing the development and deployment of renewable energy and clean technologies, today announced it is significantly boosting its online social media efforts to facilitate and enhance worldwide dialogue, discussion and collaboration about the issues emerging from the fourth annual World Future Energy...
The Young Future Energy Leaders (YFEL), a program of the Masdar Institute, committed to raising awareness and engaging students and young professionals in the renewable energy and sustainability fields, announces its program and sponsors for 2011. Growing support from the private sector, including local companies such as Emirates Nuclear Energy Company...
Research and Markets has announced the addition of the “Indian Oil & Gas Sector Analysis” report to their offering. India is gaining strategic importance globally owing to impressive growth pattern and market attractiveness. The country is the worlds fifth-biggest energy consumer and continues to grow rapidly. With increasing demand...
Research and Markets has announced the addition of GlobalData’s new report “Biomass Power Market Outlook in the United States (US) to 2020 – Capacity, Generation, Regulations, Major Power Plants, and Key Companies” to their offering. Our renewable energy offering, Biomass Power Market Outlook in United States (US) to 2020 –...
Emera Incorporated and Algonquin Power & Utilities Corp. announced that effective today they are closing their acquisition of the California-based electricity distribution and related generation assets of NV Energy, Inc.. Total consideration for this transaction is $131,789,563 USD, subject to final adjustments. Emera and APUC own and operate these...