Federal Court Rules On Climate Change In Favor Of Today’s Children
Judge Thomas Coffin of the United States Federal District Court in Eugene, Oregon, ruled on Friday in favor of twenty-one plaintiffs, ages 8 to 19, on behalf of future generations of Americans in a landmark constitutional climate change case brought against the Federal Government. The lawsuit claims that a government elected by the people and for the people has a duty to protect the natural systems required for the people?s survival, and alleges that the Federal Government is violating the Plaintiffs? constitutional and public trust rights by promoting the use of fossil fuels.
Deregulation 2.0: Europe And Japan Call For More Competition, Less Regulation In Utility Industry
As federal utility regulators in the United States focus myopically on preventing “the next Enron,” Europe and Japan are busy trying to build the next Google.
Billionaire Buys Bob Dylan Treasure Trove: ‘Before Him, Popular Music Was Largely Airy Candy’
George Kaiser previously joined with the University of Tulsa to acquire the Woody Guthrie archive.
S&P: 44 High Yield Downgrades In March, Though That’s A Big Improvement From February
Corporate downgrades continued last month, with S&P cutting ratings on 44 U.S. speculative-grade debt issuers while upgrading only 15, the ratings agency said today.
What Keeps Killing Electric Cars?
Electric vehicle’s shortcoming is the high cost and poor performance of the power pack, and developers have not addressed this.
Has the Tesla Model 3 Really Made Electric Cars Mainstream?
Since unveiling its most affordable vehicle yet last week, Tesla Motors has notched more than 325,000 reservations from excited fans of the all-electric carmaker, according to an announcement on Thursday. Ambitiously titled “The Week that Electric Vehicles Went Mainstream,” the note asserts that the Tesla Model 3 achieved this breakthrough in an unprecedented way.
Vietnam Tells China To Pull Its Oil Rig As New Prime Minister Takes Office
More developments from Vietnam broke Thursday when the country’s new Prime Minister Nguyen Xuan Phuc said in his inaugural speech, rather forcefully, that he would defend Vietnam’s sovereignty. In a speech televised in Vietnam, the new 61-year old PM vowed to continue with reforms and fight corruption, then raised his voice when he pledged to “firmly defend the country’s independence, sovereignty and territorial integrity.” He remarks were obviously aimed at China.
Tesla Model 3 Delivery Priority: Essentially, The Rich Go First
Model 3 may be intended to be a more affordable, mass-market car than Tesla’s current luxe range, but the company is putting current owners first in line to buy it for one very good reason: they’re wealthy. And that means they’re more likely to spring for the extra options that will bring more money in for the still unprofitable automaker.
Are Mergers All But Dead Under New Obama Rules?
The U.S. Justice Department today filed an anti-trust lawsuit aimed at preventing oil service company Halliburton Co. from taking over rival Baker Hughes in a deal valued at $34.6 billion. This comes in the wake of an announcement this week regarding Pfizer’s decision to call off its $152 billion merger with Allergan owning to new tax rules. Incidentally, the Pfizer merger was an example of the chilling effect U.S. Treasury rules had on mergers, where U.S. companies were trying to head overseas to avoid high U.S. taxes. In the past, the administration has attempted to block a range of mergers including Comcast’s purchase of Time Warner Cable, AT&T’s purchase of T-Mobile, and the merger between American Airlines and U.S. Airways.
Investors Who Jump Back Into Shale Hoping For Oil Prices To Rise Face A Rollercoaster Ride
Investors betting on a rebound in oil prices by investing in US shale producers risk throwing good money after bad, a new report claims.
Why Natural Gas Prices Should Double
Natural gas prices should double over the next year.
Tesla Model 3 Orders Wow Advocates, Skeptics Not So Much
Tesla’s Model 3 received an enormous number of reservation/orders when it was made available, but that confuses its long-term viability.
Illinois’ Nuclear Dilemma Embroils Famed Climate Scientist James Hansen
Illinois faces a peculiar dilemma in planning its clean energy future ? it?s going to lose its most important low-carbon energy source: nuclear energy. On Monday, a coalition of scientists and conservationists including famed climate scientist James Hansen sent an open letter to Illinois legislators asking them to stop this from happening.
The Top 10 Military Friendly Employers For 2016
Baku Energy Talks Overshadowed By Military Conflict
The Nagorno-Karabakh conflict has not yet developed into a proxy war for regional and external powers, however the fallout over Syria is shaping regional geopolitics. The overarching risk that the crisis creates strategic opportunities for external meddling that further risk escalating and internationalizing the conflict. This unresolved conflict is a bleak reminder of the inherent and potentially catastrophic geopolitical risks facing the oil and gas sector in the South Caucasus. Should the conflict escalate out of control, it could pose a physical security threat and operational risk to upstream and midstream energy infrastructure. Further escalation could have also a chilling effect on regional energy cooperation and foreign investment in the energy sector either as a result of low risk tolerance, sanctions, or government restrictions.
Action Against Halliburton Underlines DoJ’s Power Over M&A — And Antitrust Weakness Elsewhere
Along with the FTC, the DoJ has enjoyed a string of successes in blocking significant mergers and acquisitions or extracting concessions from companies in the midst of a major deal. However, it’s a rare bright spot for antitrust enforcers who have been unable for years to effectively strike at businesses that have exploited their market dominance or industries controlled by oligopolies.
Warren Resources CEO Warns Bankruptcy Could ‘Wipe Out’ 2nd-Lien Leveraged Loan Claims
Warren Resources today warned certain creditors—including those that recently exchanged into the company’s second-lien leveraged loans—that they could see their claims “completely wiped out” if an agreement is not reached on the terms of an out-of-court restructuring
Coal Baron Blankenship Gets Maximum Prison Term. Judge Says It’s About Respect For Law
Saying that she had given great consideration to the sentence and that she took no pleasure from handing it down, Judge Irene Berger said Wednesday that former coal baron Don Blankenship must spend a year in prison — the maximum allowed under the law for the misdemeanor conspiracy crime for
Chevron Forced To Stop LNG Exports From Its $54 billion Gorgon Project After One Shipment
Can you be cruel to a company valued on the New York Stock Exchange at $173 billion?
How To Turn Trash Into Fruit And Flowers And Make Brass
To the Future President of the United States
This article was originally published at Stratfor.com.
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