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China to cut solar, wind power prices as project costs fall

  Bloomberg China is reducing the amount of money it pays to newly completed solar and wind power generators for their electricity, in order to reflect declines in construction costs, the country’s price regulator and economic planner said on Monday. The nation will cut tariffs paid to solar farms by as much as 19 percent in 2017 from this year’s ...

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Algeria to rejuvenate aging oil wells

  RHOURD NOUSS / Reuters Algeria has launched a programme to rejuvenate its ageing oil and gas wells and boost production as part of efforts to address a crash in oil earnings, a senior Sonatrach manager told Reuters. Low prices have slashed the OPEC member’s energy earnings roughly in half, with revenues expected at about $35 billion in 2016 compared ...

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Israel Oks ‘Facebook law’ against web incitement

  Bloomberg Israeli courts could demand that companies such as Facebook Inc. remove content deemed as incitement, under a bill that that will head for parliamentary approval amid concerns about free speech. The law would give Israel the tools “to have content liable to lead to murder and terror removed immediately,” Public Security Minister Gilad Erdan said via text message ...

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