Iberdrola uses blockchain to ensure renewable energy supply

Major utility provider Iberdrola has used blockchain technology to “guarantee” that the energy it supplies to its customers comes from 100 percent renewable sources. Using blockchain, Kutxabank was able track the origin of energy supplies, in real time, “from the generation asset to the point of consumption.” Blockchain technology is starting to become an important tool for many industries, including the cryptocurrency sector. For its part, Iberdrola said that blockchain technology was a way of


Major utility provider Iberdrola has used blockchain technology to “guarantee” that the energy it supplies to its customers comes from 100 percent renewable sources. Using blockchain, Kutxabank was able track the origin of energy supplies, in real time, “from the generation asset to the point of consumption.” Blockchain technology is starting to become an important tool for many industries, including the cryptocurrency sector. For its part, Iberdrola said that blockchain technology was a way of
Iberdrola uses blockchain to ensure renewable energy supply Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, technology, supplies, supply, energy, renewable, records, ensure, kutxabank, blockchain, parties, transaction, used, uses, iberdrola


Iberdrola uses blockchain to ensure renewable energy supply

Major utility provider Iberdrola has used blockchain technology to “guarantee” that the energy it supplies to its customers comes from 100 percent renewable sources.

In an announcement Monday, the firm said that it had undertaken an “experiment” with the financial entity Kutxabank. Using blockchain, Kutxabank was able track the origin of energy supplies, in real time, “from the generation asset to the point of consumption.”

The energy was produced at wind farms and a hydroelectricity plant, and used at the headquarters of Kutxabank, in the Basque Country, and Cajasur in Andalusia. Cajasur belongs to the Kutxabank Group.

Blockchain technology is starting to become an important tool for many industries, including the cryptocurrency sector.

Broadly speaking, it refers to a tamper-proof, distributed digital ledger that records transactions.

Instead of different parties involved in a transaction keeping their own records — which could potentially differ and cause confusion — blockchain creates one “master” record. This cannot be changed once a transaction has been recorded.

As technology giant IBM notes: “All parties must give consensus before a new transaction is added to the network.”

For its part, Iberdrola said that blockchain technology was a way of allocating “which assets will supply energy to a specific point of consumption.”

It added that its initiative meant that renewable energy certification processes were sped up and automated, with certification “given a greater degree of traceability.”

The transaction was more secure and transparent because it was “permanently registered on the platform so that both parties can audit the results.”


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: anmar frangoul
Keywords: news, cnbc, companies, technology, supplies, supply, energy, renewable, records, ensure, kutxabank, blockchain, parties, transaction, used, uses, iberdrola


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Abu Dhabi renewables leader chooses wind energy for its first North American investment

The Abu Dhabi Future Energy Company, also known as Masdar, has acquired stakes in two U.S. wind farms in what will be its first-ever foray into the North American market. The company, a subsidiary of Emirati investment vehicle Mubadala Development Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group’s interest in wind farms in Texas and New Mexico. While the exact dollar value of the deal has not been disclosed, Masdar’s leadership described it as


The Abu Dhabi Future Energy Company, also known as Masdar, has acquired stakes in two U.S. wind farms in what will be its first-ever foray into the North American market. The company, a subsidiary of Emirati investment vehicle Mubadala Development Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group’s interest in wind farms in Texas and New Mexico. While the exact dollar value of the deal has not been disclosed, Masdar’s leadership described it as
Abu Dhabi renewables leader chooses wind energy for its first North American investment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: natasha turak, enel green power
Keywords: news, cnbc, companies, abu, saw, wind, turbines, world, texas, project, dhabi, leader, north, investment, mw, company, american, renewables, chooses, energy


Abu Dhabi renewables leader chooses wind energy for its first North American investment

The Abu Dhabi Future Energy Company, also known as Masdar, has acquired stakes in two U.S. wind farms in what will be its first-ever foray into the North American market.

The company, a subsidiary of Emirati investment vehicle Mubadala Development Company, on Tuesday announced its share purchase agreement to buy British developer John Laing Group’s interest in wind farms in Texas and New Mexico. While the exact dollar value of the deal has not been disclosed, Masdar’s leadership described it as being “north of $100 million.”

The 149 megawatt (MW) Rocksprings project in Texas is home to 53 of General Electric’s 2.3MW wind turbines and 16 of its 1.72MW turbines in Val Verde County, while the Sterling project in New Mexico’s Lea County has a total installed capacity of 29.9MW provided by 13 of General Electric’s 2.3MW turbines.

Masdar Chief Executive Mohamed Jameel Al Ramahi spoke to CNBC’s Dan Murphy about the move Tuesday while at Abu Dhabi’s Sustainability Week, calling the U.S. “a very important market not only for Masdar but the renewable energy world.” Last year’s conference by the same name saw $15 billion worth of deals announced.

Indeed, America saw a record 6.3 percent of its electricity generated from wind in 2017, and is home to “one of the largest and fastest-growing wind markets in the world,” according to the U.S. Department of Energy. The country installed over 7,000 MW of wind energy capacity in 2017, according to data from the Global Wind Energy Council, putting it behind only China in terms of new installations.


Company: cnbc, Activity: cnbc, Date: 2019-01-15  Authors: natasha turak, enel green power
Keywords: news, cnbc, companies, abu, saw, wind, turbines, world, texas, project, dhabi, leader, north, investment, mw, company, american, renewables, chooses, energy


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OPEC Secretary General Mohammed Barkindo worried about trade war

OPEC Secretary General Mohammed Barkindo is largely optimistic over prospects of achieving a balanced oil market in 2019. “We are concerned with the lingering trade disputes,” Barkindo told CNBC’s Hadley Gamble while at the Atlantic Council Global Energy Forum in Abu Dhabi Sunday. “Any measures that may impact or constrain trade may likely impact on growth and by extension on demand for energy. China is the world’s largest importer of crude, and its purchases constituted 18.6 percent of total cr


OPEC Secretary General Mohammed Barkindo is largely optimistic over prospects of achieving a balanced oil market in 2019. “We are concerned with the lingering trade disputes,” Barkindo told CNBC’s Hadley Gamble while at the Atlantic Council Global Energy Forum in Abu Dhabi Sunday. “Any measures that may impact or constrain trade may likely impact on growth and by extension on demand for energy. China is the world’s largest importer of crude, and its purchases constituted 18.6 percent of total cr
OPEC Secretary General Mohammed Barkindo worried about trade war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak, aron m sprecher, bloomberg via getty images
Keywords: news, cnbc, companies, trade, energy, opec, largest, general, growth, markets, chinas, demand, mohammed, barkindo, global, china, worried, war, secretary, worlds


OPEC Secretary General Mohammed Barkindo worried about trade war

OPEC Secretary General Mohammed Barkindo is largely optimistic over prospects of achieving a balanced oil market in 2019. But if one thing keeps him awake at night, it’s the U.S.-China trade war’s potential to disrupt growth in major Asian markets that import the highest proportion of the world’s crude.

“We are concerned with the lingering trade disputes,” Barkindo told CNBC’s Hadley Gamble while at the Atlantic Council Global Energy Forum in Abu Dhabi Sunday. “The synchronized growth that we have witnessed since the last global financial crisis that has taken this long was also due largely to the growth in international trade.”

“Any measures that may impact or constrain trade may likely impact on growth and by extension on demand for energy. At the moment, outside the U.S., China and India remain the brightest spots in terms of demand for energy. So you can imagine our concern of the lingering negotiations.”

China is the world’s largest importer of crude, and its purchases constituted 18.6 percent of total crude imports in 2017. India’s booming growth is set to see it overtake China as the country with the world’s largest demand for oil by 2024, according to a recent report by energy consultancy Wood Mackenzie. But if a trade war severely hit China’s growth, it would send shockwaves through the rest of Asia and threaten crucial sources of income for OPEC’s producers.

Already, U.S. tariff pressure and dampened domestic demand have started to manifest themselves in China’s economic forecasts. Reuters reported last week, citing sources with knowledge of China’s economic policy, that the country is planning to set a lower growth target of 6 percent to 6.5 percent in 2019, compared with last year’s target of “around” 6.5 percent.

Three days of trade talks between President Donald Trump administration officials and their Chinese counterparts in Beijing wrapped up last week, resulting in improved sentiment across Asian markets on increased hopes of a deal. Tensions between the world’s two largest economies escalated last year, putting global stock markets on edge. The U.S. announced tariffs on $250 billion worth of Chinese goods, while Beijing countered with its own.

At the end of last year, the Asian Development Bank said that developing Asia would meet its growth forecasts for 2019, but warned of the downside risks from rising trade protectionism. Despite the worries, Barkindo struck a hopeful tone.

“We remain cautiously optimistic that they’ll be able to overcome some of the difficulties, on the premise that both the U.S. and China want these issues resolved,” he said.

—Reuters and CNBC’s Everett Rosenfeld contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak, aron m sprecher, bloomberg via getty images
Keywords: news, cnbc, companies, trade, energy, opec, largest, general, growth, markets, chinas, demand, mohammed, barkindo, global, china, worried, war, secretary, worlds


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Saudi energy minister: Russia moving ‘slower than I’d like’ on oil cuts

Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some. “We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. Russia was more reluctant to cut its output, as its growth is heavily depende


Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some. “We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. Russia was more reluctant to cut its output, as its growth is heavily depende
Saudi energy minister: Russia moving ‘slower than I’d like’ on oil cuts Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak
Keywords: news, cnbc, companies, id, slower, moving, output, cut, theyve, energy, russia, barrels, told, oil, saudi, opec, cuts, weve, minister


Saudi energy minister: Russia moving 'slower than I'd like' on oil cuts

Saudi Arabia’s energy minister said Sunday he’s positive OPEC and partnered nations will meet their production cut commitments to balance oil markets in 2019, despite what he described as a slower than anticipated pace by some.

“We’ve already done it, we’ve done enough,” Saudi Energy Minister Khalid al-Falih told CNBC on Sunday in Abu Dhabi, when asked what OPEC’s largest producer would do to balance markets this year. “Not only the kingdom but other countries, we’ve heard from the Emirates, I’ve talked repeatedly to my colleagues in Iraq, they’ve already taken action,” he told CNBC’s Hadley Gamble.

He then mentioned the performance of the largest non-OPEC producer that’s partnered with the cartel on cuts: “Russia has started, slower than I’d like, but they’ve started, and I am sure as they did as in 2017 they’ll catch up and be a positive contributor to re-balancing the market.”

OPEC members, along with several other countries, in December agreed on output cuts totaling 1.2 million barrels per day in order to stem a sinking market and support their own export-dependent economies. “OPEC plus” refers to the group’s cooperation with the non-OPEC producers like Russia and other former Soviet states, as well as Mexico. Russia was more reluctant to cut its output, as its growth is heavily dependent on robust crude exports.

Russia has initially let the Saudis shoulder the bulk of output cuts. The top OPEC ally, which in late 2016 began a cooperation agreement with Riyadh to stabilize oil prices, has often said that $60 per barrel is enough to meet its economic needs. Moscow in December said it would cut production by 50,000 to 60,000 barrels a day in January, while Saudi pledged a cut of 900,000 barrels.


Company: cnbc, Activity: cnbc, Date: 2019-01-13  Authors: natasha turak
Keywords: news, cnbc, companies, id, slower, moving, output, cut, theyve, energy, russia, barrels, told, oil, saudi, opec, cuts, weve, minister


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Abu Dhabi’s Mubadala has its eye on North American shale

While North American shale may be competition for OPEC members, some crude-exporting countries in the Arabian Gulf are simultaneously taking advantage of the commodity’s ability to fuel lucrative investments beyond oil. For the United Arab Emirates’ Musabbeh al-Kaabi, chief executive of Abu Dhabi’s Mubadala Petroleum and Petrochemicals, the shale revolution has the made North American gas and petrochemicals industry very attractive, bringing competitively-priced gas feedstock to the market. The


While North American shale may be competition for OPEC members, some crude-exporting countries in the Arabian Gulf are simultaneously taking advantage of the commodity’s ability to fuel lucrative investments beyond oil. For the United Arab Emirates’ Musabbeh al-Kaabi, chief executive of Abu Dhabi’s Mubadala Petroleum and Petrochemicals, the shale revolution has the made North American gas and petrochemicals industry very attractive, bringing competitively-priced gas feedstock to the market. The
Abu Dhabi’s Mubadala has its eye on North American shale Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: natasha turak
Keywords: news, cnbc, companies, abu, petrochemicals, north, investments, feedstock, american, alkaabi, energy, producers, gas, shale, mubadala, dhabis, big, eye


Abu Dhabi's Mubadala has its eye on North American shale

While North American shale may be competition for OPEC members, some crude-exporting countries in the Arabian Gulf are simultaneously taking advantage of the commodity’s ability to fuel lucrative investments beyond oil.

For the United Arab Emirates’ Musabbeh al-Kaabi, chief executive of Abu Dhabi’s Mubadala Petroleum and Petrochemicals, the shale revolution has the made North American gas and petrochemicals industry very attractive, bringing competitively-priced gas feedstock to the market.

The petrochemicals firm is a major component of Mubadala Investment Company, Abu Dhabi’s state-owned holding company. It operates as a sovereign wealth fund with assets of more than $226 billion, and is aimed at diversifying the emirate’s economy.

“We as an investor made big investments in the last 18 months, north of $12 billion dollars, and some of these big investments are happening in North America,” al-Kaabi told CNBC’s Hadley Gamble during the Atlantic Council Energy Forum in Abu Dhabi.

This was for two simple reasons, the CEO said. “It is a big market and it is enjoying a highly competitive feedstock. So we like the business in that part of the world because of these two reasons.” Feedstock refers to raw material, such as natural gas, used in petrochemical production. Gas dominate’s the company’s business, and al-Kaabi has previously highlighted North America as the focus of a strategic shift when it comes to petrochemicals thanks to the shale revolution.

“Other parts of global energy I would say, the energy industry, the price would be set by the high cost producers going forward,” al-Kaabi added. “And who are the high cost producers nowadays? The shale producers. And we will keep monitoring what is happening in that part of the world.”


Company: cnbc, Activity: cnbc, Date: 2019-01-12  Authors: natasha turak
Keywords: news, cnbc, companies, abu, petrochemicals, north, investments, feedstock, american, alkaabi, energy, producers, gas, shale, mubadala, dhabis, big, eye


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Vestas reaches 100-gigawatt wind turbine installation landmark

Danish wind energy business Vestas says it has become the first company to install 100 gigawatts (GW) of wind turbines. In an announcement Wednesday, the firm said it reached the milestone in late 2018, when it installed a V110-2.0 MW turbine at MidAmerican Energy’s Wind XI project in Iowa. Vestas installed its first turbine, in Denmark, in 1979. The wind industry added more than 52 GW of new wind power in 2017, according to the Global Wind Energy Council. China maintained its position as a wind


Danish wind energy business Vestas says it has become the first company to install 100 gigawatts (GW) of wind turbines. In an announcement Wednesday, the firm said it reached the milestone in late 2018, when it installed a V110-2.0 MW turbine at MidAmerican Energy’s Wind XI project in Iowa. Vestas installed its first turbine, in Denmark, in 1979. The wind industry added more than 52 GW of new wind power in 2017, according to the Global Wind Energy Council. China maintained its position as a wind
Vestas reaches 100-gigawatt wind turbine installation landmark Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: anmar frangoul, john turp, moment, getty images
Keywords: news, cnbc, companies, xi, landmark, vestas, energy, milestone, capacity, wind, 100gigawatt, gw, mw, turbine, installed, installation, reaches


Vestas reaches 100-gigawatt wind turbine installation landmark

Danish wind energy business Vestas says it has become the first company to install 100 gigawatts (GW) of wind turbines.

In an announcement Wednesday, the firm said it reached the milestone in late 2018, when it installed a V110-2.0 MW turbine at MidAmerican Energy’s Wind XI project in Iowa. The Wind XI facility is set to have a capacity of 2,000 MW and will be made up of “multiple sites in Iowa.”

Vestas installed its first turbine, in Denmark, in 1979. It has gone on to install more than 66,000 in roughly 80 countries. The company’s biggest turbine is currently the V150-4.2 MW.

The Vestas CEO, Anders Runevad, said in a statement Wednesday that reaching the 100 GW milestone had “required continuous innovation, strong commitment and great execution from all Vestas’ employees.”

The wind industry added more than 52 GW of new wind power in 2017, according to the Global Wind Energy Council.

China maintained its position as a wind energy powerhouse, installing 19.7 GW, while the European Union added 15.6 GW of capacity. The U.S. installed a little over 7 GW of capacity.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: anmar frangoul, john turp, moment, getty images
Keywords: news, cnbc, companies, xi, landmark, vestas, energy, milestone, capacity, wind, 100gigawatt, gw, mw, turbine, installed, installation, reaches


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Entrepreneurs dedicated to energy access

Operational support and, potentially, local support, to set up workable distribution pilots or facilitate national or international scale-up. Publicity to raise the entrepreneur’s profile and make the project more attractive to potential investors and partners. “We’re convinced that combined expertise and means are the key to growing the energy access sector. This winner’s solution solves that problem by deploying mini-grids.” Mucho Mangoes buys mangoes and bananas from surrounding farmers to re


Operational support and, potentially, local support, to set up workable distribution pilots or facilitate national or international scale-up. Publicity to raise the entrepreneur’s profile and make the project more attractive to potential investors and partners. “We’re convinced that combined expertise and means are the key to growing the energy access sector. This winner’s solution solves that problem by deploying mini-grids.” Mucho Mangoes buys mangoes and bananas from surrounding farmers to re
Entrepreneurs dedicated to energy access Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09
Keywords: news, cnbc, companies, kenya, business, winners, local, entrepreneurs, energy, solarpowered, smart, access, women, dedicated, solution, support, mangoes


Entrepreneurs dedicated to energy access

After being evaluated on six stringent criteria, five winners will receive support and coaching, based on their needs and the partners’ respective abilities and resources.

Strategy consulting to map out sustainable business models or win and retain customers.

Operational support and, potentially, local support, to set up workable distribution pilots or facilitate national or international scale-up.

Publicity to raise the entrepreneur’s profile and make the project more attractive to potential investors and partners.

Funding of up to $50,000 per winner.

“We’re convinced that combined expertise and means are the key to growing the energy access sector. We have to be able to get people together, help drive local development and promote innovation, while fulfilling the promise to nurture profitable ideas that can be reproduced,” adds Florian Temime.

Applications were accepted from June 27 to July 29, 2018. Five winners were announced from among the many entries:

AGSOL, active in Kenya, Tanzania and Zambia, which develops and markets smart solar-powered farm equipment. “Women in these countries spend two hours a day milling grain by hand or carrying 10 to 20 kilograms of grain to a mill. These small electric machines are set up in villages; the women can stay put and create a local micro-business.”

Kivu Green Energy, which has been successfully operating a mini-grid in the Democratic Republic of the Congo since 2017. “The country’s geography is such that cities of 200,000 people may not be connected to a grid. This winner’s solution solves that problem by deploying mini-grids.”

Mucho Mangoes in Kenya, which has devised solar drying solutions to limit post-harvest waste. Mucho Mangoes buys mangoes and bananas from surrounding farmers to resell dried mangoes and banana flour to local stores. “We really fell for this tiny, very local company, whose enthusiastic CEO’s smart approach to dealing with the problem made us all want to support him!”

Solar Freeze in Kenya, which offers solar-powered cold storage units. “Not only does the entrepreneur’s business model lend itself to creating business activity via micro-franchising, his technology lessens dependence on seasonal markets, while cutting waste.”

Sunny Irrigation in Kenya, which makes smart solar pumps that come with sensors to optimize their use. “This solution addresses an often-overlooked target, namely smallholders with less than an acre of cropland. By offering small-scale irrigation, this company fills a real gap.”

Says Florian Temime in conclusion: “Some winners are really bowled over when they hear the news. That means we made the right choice and will help them realize their entrepreneurial dream. That’s also a success and a point of pride for us!”


Company: cnbc, Activity: cnbc, Date: 2019-01-09
Keywords: news, cnbc, companies, kenya, business, winners, local, entrepreneurs, energy, solarpowered, smart, access, women, dedicated, solution, support, mangoes


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Trump nominates acting EPA head, an ex-coal lobbyist, to run agency

U.S. President Donald Trump on Wednesday nominated acting EPA chief Andrew Wheeler to run the agency permanently, the White House said, placing a former energy lobbyist at the helm of the nation’s top environmental regulator. The widely anticipated nomination provides Trump another avid supporter of his deregulatory and pro-fossil fuels agenda, but without the constant criticism over alleged mismanagement that plagued Wheeler’s predecessor, Scott Pruitt. The U.S. Senate, which is led by Trump’s


U.S. President Donald Trump on Wednesday nominated acting EPA chief Andrew Wheeler to run the agency permanently, the White House said, placing a former energy lobbyist at the helm of the nation’s top environmental regulator. The widely anticipated nomination provides Trump another avid supporter of his deregulatory and pro-fossil fuels agenda, but without the constant criticism over alleged mismanagement that plagued Wheeler’s predecessor, Scott Pruitt. The U.S. Senate, which is led by Trump’s
Trump nominates acting EPA head, an ex-coal lobbyist, to run agency Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: ting shen
Keywords: news, cnbc, companies, acting, agency, excoal, pruitt, trump, white, nations, lobbyist, nominates, epa, energy, wheelers, wheeler, head, run, senate


Trump nominates acting EPA head, an ex-coal lobbyist, to run agency

U.S. President Donald Trump on Wednesday nominated acting EPA chief Andrew Wheeler to run the agency permanently, the White House said, placing a former energy lobbyist at the helm of the nation’s top environmental regulator.

The widely anticipated nomination provides Trump another avid supporter of his deregulatory and pro-fossil fuels agenda, but without the constant criticism over alleged mismanagement that plagued Wheeler’s predecessor, Scott Pruitt.

Wheeler took the reins at the Environmental Protection Agency on an interim basis in July after Pruitt resigned amid a slew of controversies that included his high spending on first-class travel, round-the-clock security, and office equipment.

Wheeler, 54, has overseen a number of deregulatory efforts since Pruitt’s departure, including proposals weakening Obama-era rules limiting carbon and mercury emissions from power plants, and an initiative to lift a summertime ban on higher ethanol blends of gasoline that was enacted to curb smog.

In November, Trump announced during a Medal of Freedom ceremony at the White House that he had made up his mind to make Wheeler permanent, saying he had been doing a “fantastic job.”

The U.S. Senate, which is led by Trump’s fellow Republicans, is expected to approve Wheeler’s nomination.

Wheeler worked at the EPA in the 1990s and later in the Senate under Republican Senator James Inhofe of Oklahoma, a skeptic of mainstream climate science, before moving to the private sector as a lobbyist and consultant.

He has said he is “not at all ashamed” of his lobbying for Murray Energy Corp, the nation’s leading underground coal mining company, the focus of criticism by environmentalists.

Wheeler had also lobbied for utility Xcel Energy Inc and consulted for biofuels industry group Growth Energy, agricultural merchant and biofuels producer Archer Daniels Midland Co and International Paper Co.

Wheeler has said the EPA under his leadership would take the same course as under Pruitt, prioritizing cleaning up industrial Superfund sites, areas contaminated by hazardous waste and identified by the EPA as a candidate for cleanup, and financing investments in water infrastructure.


Company: cnbc, Activity: cnbc, Date: 2019-01-09  Authors: ting shen
Keywords: news, cnbc, companies, acting, agency, excoal, pruitt, trump, white, nations, lobbyist, nominates, epa, energy, wheelers, wheeler, head, run, senate


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Europe is fast-becoming a natural gas battleground for Russia and the US

With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market — and political battleground — for the world’s largest energy exporters, particularly when it comes to natural gas. Russia has long been the dominant source and supplier of natural gas to Europe’s mass market but the U.S. is looking to challenge Russia by stepping up its imports of U.S. liquefied natural gas (LNG) — gas which is super-cooled to liquid form — making it easi


With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market — and political battleground — for the world’s largest energy exporters, particularly when it comes to natural gas. Russia has long been the dominant source and supplier of natural gas to Europe’s mass market but the U.S. is looking to challenge Russia by stepping up its imports of U.S. liquefied natural gas (LNG) — gas which is super-cooled to liquid form — making it easi
Europe is fast-becoming a natural gas battleground for Russia and the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: holly ellyatt, donat sorokin, tass, getty images, picture alliance, bloomberg
Keywords: news, cnbc, companies, russia, president, natural, gas, market, eu, energy, supply, trade, fastbecoming, lng, europe, battleground, went


Europe is fast-becoming a natural gas battleground for Russia and the US

With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market — and political battleground — for the world’s largest energy exporters, particularly when it comes to natural gas.

Russia has long been the dominant source and supplier of natural gas to Europe’s mass market but the U.S. is looking to challenge Russia by stepping up its imports of U.S. liquefied natural gas (LNG) — gas which is super-cooled to liquid form — making it easier and safer to store and transport.

Europe certainly appears keen to wean itself off Russian gas, and all the geopolitical implications that reliance entails, while making overtures to the U.S. Last July, European Commission President Jean-Claude Juncker and President Donald Trump agreed to strengthen U.S.-EU strategic cooperation with respect to energy and the EU said it would import more LNG from the U.S. “to diversify and render its energy supply more secure.”

Twenty-four percent of U.S. LNG went to the EU in October 2018, a month which saw the largest volume ever of EU-U.S. trade in LNG of almost 0.6 billion cubic meters. In the whole of 2017, only 10 percent of U.S. LNG exports went to the EU. The Commission, the EU’s executive arm, expects U.S. gas exports to the region could double by 2022 and has vaunted the construction of LNG terminals across Europe.

“The fact is that U.S. LNG, if priced competitively, can play and increasing role in EU gas supply, enhancing diversification and EU energy security,” the EU said in a document detailing the state of EU-U.S. LNG trade in late November.


Company: cnbc, Activity: cnbc, Date: 2019-01-08  Authors: holly ellyatt, donat sorokin, tass, getty images, picture alliance, bloomberg
Keywords: news, cnbc, companies, russia, president, natural, gas, market, eu, energy, supply, trade, fastbecoming, lng, europe, battleground, went


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Here’s how to play the hottest sector in the stock market so far in 2019

The energy sector is leading the S&P in the first few trading sessions of 2019, up nearly 7 percent as crude oil has rallied back to within striking distance of the $50 mark. The XLE, which closely tracks the energy sector, is up nearly 15 percent since the market bottoms on December 24. Since Exxon is such a big component of the ETF, Nadig warns that any type of company-specific headline could sway the group in one way or the other. To play the energy space more evenly, Nadig recommended lookin


The energy sector is leading the S&P in the first few trading sessions of 2019, up nearly 7 percent as crude oil has rallied back to within striking distance of the $50 mark. The XLE, which closely tracks the energy sector, is up nearly 15 percent since the market bottoms on December 24. Since Exxon is such a big component of the ETF, Nadig warns that any type of company-specific headline could sway the group in one way or the other. To play the energy space more evenly, Nadig recommended lookin
Here’s how to play the hottest sector in the stock market so far in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: amanda diaz
Keywords: news, cnbc, companies, nadig, stock, rye, sector, market, far, 2019, heres, etf, play, exposure, equal, energy, xle, weight, hottest


Here's how to play the hottest sector in the stock market so far in 2019

Talk about kicking off the new year with some good energy.

After getting pummeled in the last few months of 2018, energy stocks are suddenly soaring.

The energy sector is leading the S&P in the first few trading sessions of 2019, up nearly 7 percent as crude oil has rallied back to within striking distance of the $50 mark. The S&P 500 is up just 2 percent in the same time period.

If you want to get in on the energy rally, one expert says there are two ways you can do it using exchange traded funds.

“The easy button here is XLE, the energy select sector SPDR, it’s about $17 billion. It has great exposure to 30 core energy names market cap weighting,” Dave Nadig, managing director of ETF.com said Monday on CNBC’s “ETF Edge.”

The XLE, which closely tracks the energy sector, is up nearly 15 percent since the market bottoms on December 24. Its top holdings, which make up more than 50 percent of the ETF, include Exxon Mobil, Chevron, ConocPhilips and Schlumberger.

Since Exxon is such a big component of the ETF, Nadig warns that any type of company-specific headline could sway the group in one way or the other. To play the energy space more evenly, Nadig recommended looking at the RYE equal weight energy ETF.

“[The RYE] is an equal weight alternative to [the XLE]. It’s the same core names…so your top 10 exposure is about 35 percent. It’s a lot more broadly exposed. It means that you’re going to catch some of that small cap effect,” he added. Some of the highest ranked names in that ETF include Newfield Exporation, Diamondback Energy, Valero and Phillips 66.

Since equal weight ETFs allocate a portfolio equally – no matter how large or small the stock is – it could be more suseptable to volatility. Meaning when the market sees a sharp swing in one way or the other, the equal weighted ETFs tend to follow suit.

“We tend to see in any equal weighted strategy that smaller or mid-cap exposure tends to give a little more juice on the upside,” said Nadig.

The XLE and RYE were up more than 1 and 2 percent respectively on Monday.


Company: cnbc, Activity: cnbc, Date: 2019-01-07  Authors: amanda diaz
Keywords: news, cnbc, companies, nadig, stock, rye, sector, market, far, 2019, heres, etf, play, exposure, equal, energy, xle, weight, hottest


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