Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.
(Bloomberg) — PG&E Corp., the California utility giant forced into bankruptcy by two years of devastating wildfires, is carrying out the biggest planned blackout yet to keep power lines from sparking more blazes. Cutoffs began overnight Wednesday, with the first phase impacting about 513,000 customers.The company began cutting electricity as part of an orchestrated shutoff that will eventually plunge almost 800,000 customers into darkness across Northern California, including parts of Napa Valley and Oakland.The shutoff is a key strategy for preventing its power lines from sparking another deadly — and costly — conflagration. It’s largely unprecedented. Never before have California …read more […]
Royal Dutch Shell’s chief executive took aim beyond the energy sector to call on leaders of other industries including aviation, shipping and steel to jointly draw up plans to tackle greenhouse gas emissions. Ben van Beurden also warned on Wednesday that energy companies that do not collaborate in the fight against climate change under the 2015 Paris agreement risk going out of business. “Climate change is the biggest challenge facing the energy industry, but the energy industry isn’t the biggest challenge for the world trying to tackle climate change,” van Beurden told the Oil & Money conference. …read more […]
Chinese video surveillance company Hikvision will only suffer a limited, short-term hit after being blacklisted by the U.S. government and will strive to get the ban lifted, its general manager said on Wednesday.
Some The Supreme Cannabis Company, Inc. (TSE:FIRE) shareholders may be a little concerned to see that the Founder… …read more […]
Oil rose on Wednesday following media reports that China was open to agreeing a partial trade deal with the United States, while unrest in OPEC members Iraq and Ecuador also supported prices.
Today we’re going to take a look at the well-established HCA Healthcare, Inc. (NYSE:HCA). The company’s stock received… …read more […]
U.S. stock index futures jumped on Wednesday after latest media reports eased concerns over escalating tensions between the United States and China ahead of high-level trade talks starting Thursday.
The boss of Britain’s biggest telecoms provider BT on Wednesday set out plans to improve the company’s relationship with customers with new superfast services, more technical support and a return of its brand to the high street.
Top news and what to watch in the markets on Wednesday, October 9, 2019. …read more […]
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of… …read more […]
The Trump administration’s effort to cut red tape and speed up major energy projects has backfired in the case of the three biggest U.S. pipelines now planned or under construction.
Hundreds of thousands of California homes and businesses started to lose electric power early Wednesday as part of an unprecedented effort by Pacific Gas and Electric Co. to prevent wildfires, the utility said. Nearly 800,000 northern and central California homes and businesses can expect to lose electricity for up to several days, starting on Wednesday, PG&E said. State investigators determined in May that PG&E transmission lines had caused last year’s Camp Fire. …read more […]
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far… …read more […]
Legendary fund manager Li Lu (who Charlie Munger backed) once said, ‘The biggest investment risk is not the volatility… …read more […]
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