TEHRAN, Iran (AP) — A former head of Iran's central bank was elected Sunday to head a 13-nation bloc of gas-producing countries as Tehran looks beyond its sanctions-hit crude oil sales to bring in vital revenue and explore new energy markets.
Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi asked Energy Secretary Ernest Moniz to move ahead with a bilateral agreement on the development of methane hydrates during Moniz's visit to Japan, Platts reports.
The problems in Ukraine are unlikely to trigger faster action by the Obama administration on natural gas exports, a White House spokesman appeared to indicate Friday, as he noted that supplies in Europe are at higher-than-normal levels because of the mild winter there, according to Reuters.
Public Service Enterprise Group plans to spend $12 billion over five years on capital projects to improve reliability, hoping to increase the earnings of its utility business, The Wall Street Journal reports.
Weather-related rail bottlenecks in Chicago are causing higher prices and lower supplies of ethanol on the East coast, while Midwest plants are cutting production because of a shortage of rail cars, an industry representative told a U.S. Surface Transportation Board panel, Platts reports.
Investors will challenge corporations during the upcoming proxy season to make more environmental commitments, according to nonprofit Ceres, which has compiled a list of resolutions up for votes, E&E reports.
Saying President Obama's proposed "climate resilience fund" will help communities prepare better for severe weather might win it bipartisan support, according to Sen. Brian Schatz, D-Hawaii, National Journal reports.