Bloomberg Spain’s Iberdrola SA is canceling a project in Mexico to build a $1.2 billion combined-cycle plant because it can’t secure a supply of natural gas, according to Mexican officials. The mayor of Tuxpan, Juan Antonio Aguilar, said in an interview that representatives of Iberdrola told him that it’s scrapping the project in his city because in nine months it …

Bloomberg Oil exploration shrank for a 14th straight week in US fields amid weak crude prices and skepticism about a recovery in energy demand. Drillers idled 10 oil rigs in onshore US fields this week, bringing the total to 189, according to data released by Baker Hughes Co. Despite this week’s rise in crude prices to a three-month high around …

Bloomberg As Europe prepares a multi-billion-dollar blitz to cut greenhouse gas emissions, a race is on to cash in on the green transformation of the nation with the region’s most polluting power plant. Poland, which currently relies on coal for more than 70% of its electricity generation, is stepping up efforts to replace the dirty fuel with renewable energy. As …