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Mississippi order ends Southern clean coal effort

Bloomberg A seven-year, $7.5 billion effort to build a first-of-its-kind “clean coal” power plant in Mississippi is officially over. Mississippi regulators ordered utility owner Southern Co. to come up with a deal that’ll have the Kemper plant — once hailed by the Obama administration as the future of coal — running as a natural gas-fired generator instead. That ratified Southern’s ...

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President’s aide questions Venezuela oil ventures

Bloomberg Oil joint ventures that account for about 40 percent of Venezuela’s output are being thrown into question by the man advising President Nicolas Maduro in rewriting the constitution. “We’re going to change it,” Hermann Escarra, a constitutional lawyer who participated in the crafting of the country’s current charter and is advising Maduro on attempts to rewrite it, said on ...

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Top oil traders bet American shale is here to stay

Bloomberg The world’s biggest energy traders are betting shale oil production is here to stay. European trading houses from Trafigura Group Pte. to Mercuria Energy Group Ltd. and Vitol Group have invested in US infrastructure and struck supply deals to secure flows of shale oil and gas. The agreements show the traders see long-term opportunities in an industry that has ...

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