Bloomberg Simec Atlantis Energy Ltd., a renewable energy developer, plans to extend its tidal stream project in Scotland by adding two new turbines. The MeyGen facility currently has a capacity of 6MWs, and the extension will bring it to 10MWs. It’s partially funded by a $19mn support package from the European Commission. Atlantis is trying to bring costs down by ...

Bloomberg With new pipelines unlikely to come online anytime soon, analysts at Royal Bank of Canada (RBC) are floating a new idea to ease Alberta’s crude oil bottlenecks: Give producers a temporary respite from making royalty payments. Suspending the average 5 percent royalty that Alberta’s oil producers pay to the province in the form of cash or barrels of crude ...

Bloomberg China plans to deepen its foreign-exchange markets to encourage both domestic and overseas players to trade and borrow external currencies more onshore, in the latest step towards fostering a global role for its financial system. The China Foreign Exchange Trade System (CFETS), an arm of the central bank, plans to develop swaps involving overseas currencies — such as between ...