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Investment Giants Urge Texas to End Most Flaring of Natural Gas

(Bloomberg) — Investors managing more than $2 trillion are calling on Texas regulators to ban the routine burning of natural gas from shale fields, arguing that the energy industry hasn’t moved quickly enough to curb the controversial practice.AllianceBernstein, California State Teachers’ Retirement System and Legal & General Investment Management said they support eliminating gas flaring by 2025, according to a letter to the Texas Railroad Commission, which oversees oil and gas in the state.“Actions of leading operators demonstrate the financial and technical viability of ending routine flaring,” the fund managers said in the letter, which was seen by Bloomberg. “It …read more […]

Mining & Metals

Appia (OTC: APAAF) Confirms High-Grade REE, Uranium and Gallium Mineralization from Ermacre, Oldman and Hawker Zones, Alces Lake Property and Announces Flow-Through Financing

Toronto, Ontario–( September 3, 2020) –  Appia Energy Corp. (CSE: API) (OTCQB: APAAF) (FSE: A0I.F) (FSE: A0I.MU) (FSE: A0I.BE) (the “Company” or “Appia”) is pleased to announce the assay surface sample results from the recently completed Phase […]

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Tesla Rout Extends to Fourth Day, Longest Streak Since March

(Bloomberg) — Tesla Inc. fell another 5.9% in premarket trading Friday, heading for its first four-day losing streak since pandemic fears were at their height in mid-March.The electric-vehicle maker’s ongoing rout came as U.S. tech stocks fell for a second day. Thursday’s plunge sent the Nasdaq 100 Stock Index tumbling 5.2%, its biggest decline since March 16. That erased about $730 billion of value from the high-flying benchmark, which prior to Thursday’s decline had gained 78% from its March lows.The index had previously gained in 11 of 13 sessions, hitting fresh records almost daily. Tesla had added nearly 500% this …read more […]

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Factbox: Fully loaded supertanker catches fire off Sri Lanka

One of its 23 crew is missing and presumed dead. The 299,986 dead weight tonne (dwt) very large crude carrier (VLCC) tanker has a total capacity 340,104 cubic meters, or about 300,000 tonnes. The 333-meter long double-hulled supertanker was built in 2000 by Mitsui Ichihara Engineering & Shipbuilding in Japan. …read more […]