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‘Alberta firms in dire state need aid soon’

Bloomberg Alberta Energy Minister Sonya Savage said the Canadian government needs to release its aid package for the country’s energy industry soon as companies struggle with the Covid-19 pandemic and oil-price crisis. The package may include liquidity for companies and measures to help speed up the cleanup of old wells, Savage saidduring an online presentation. Bill Morneau, the federal finance ...

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Hydrogen power plants get backing from German firms

Bloomberg Uniper SE and Siemens AG said they will develop a hydrogen business in an effort to slash fossil-fuel pollution from industrial processes. Uniper’s Chief Executive Officer Andreas Schierenbeck said his utility will seek to gradually replace coal and natural gas with hydrogen at some of its power generation plants. It will also adapt its gas pipelines and storage sites ...

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Power, coal forecast cut as virus forces workers to stay home

Bloomberg US coal production will fall even more sharply than expected this year as the coronavirus forces businesses to close down, dragging down demand for electricity. Mines will supply about 537 million tons of coal this year, down 22% from 690 million tons last year, the US Energy Information Administration (EIA) said. A month ago, before lockdown orders took effect ...

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