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China’s nuclear power ambitions sailing into troubled waters

China, nuclear energy

BEIJING (AP) — China’s ambitions to become a pioneer in nuclear energy are sailing into troubled waters. Two state-owned companies plan to develop floating nuclear reactors, a technology engineers have been considering since the 1970s for use by oil rigs or island communities. Beijing is racing Russia, which started developing its own in 2007, to get a unit into commercial ...

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Fracking Enters U.S. Presidential Race as an Independent

fracking for president

Today, in a dramatic announcement, Fracking launched an independent bid for the presidency. The announcement was made in a 60 second ad on social media.  Americans across the country viewed the video on mobile devices and computers – all made possible by the candidate’s work. Fracking – who was born near Hugoton, Kan., in 1947 – has been praised by ...

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Paradox nation: Norway, a climate leader making money on oil

Norway, offshore drilling

STAVANGER, Norway (AP) — Norway wants to get rid of gasoline-fueled cars, plans to become carbon neutral by 2030 and spends billions on helping poor countries reduce their carbon footprints. Meanwhile, it’s pushing ever farther into the Arctic Ocean in search of more oil and gas. “We know there is a paradox,” admits Vidar Helgesen, Norway’s climate and energy minister. ...

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Lower coal dust limit takes effect Monday in black lung push

black lung, coal dust

CHARLESTON, W.Va. (AP) — Coal mines nationwide are facing a more stringent limit on dust samples in an effort to reduce miners’ exposure to particles that can cause deadly black lung disease. On Monday, the U.S. Mine Safety and Health Administration is dropping the allowable respirable dust level from 2 milligrams per cubic meter to 1.5 milligrams per cubic meter ...

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Massacres leave 16 dead in neighboring Mexican states

MEXICO CITY (AP) — Two massacres have left at least 16 people dead in the neighboring Mexican states of Michoacan and Guerrero. A statement from the Michoacan state prosecutors’ office said nine burned bodies were found inside an SUV in the municipality of Cuitzeo in an area with pipelines run by state oil company Petroleos Mexicanos. Prosecutors said there were ...

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Cannon Mountain to reduce energy consumption by 30 percent

Cannon skiing new hampshire

FRANCONIA, N.H. (AP) — New Hampshire’s Cannon Mountain is undertaking several energy efficiency initiatives expected to reduce energy consumption at the ski area by about 30 percent. The conservation measures include replacement of Cannon’s main-trunk power line and upgrading the transformer; construction of a mid-mountain snowmaking booster pump house; installation of 388 snowmaking tower guns; and lighting and weatherization upgrades. ...

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Top 5 stories of the week July 23 – 30

Marcellus Top 5

It’s warm. It’s humid. The northern plains and the Midwest have had their fair share of storms the past couple of weeks. But it hasn’t stopped the energy news from rolling in. While it’s been fairly quite on the home front, politicians and policy makers have made headlines. With Donald Trump and Hillary Clinton wrestling to see who comes out ...

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US regulators: Still heavy risk in big bank loans

WASHINGTON (AP) — Federal regulators say risk remains heavy in large loans made by banks and other financial institutions, though lending standards have improved. The Federal Reserve and other agencies cite increasing risks in loans to oil and gas producers as oil prices have fallen. The steep decline in oil prices has hurt many energy companies. The amount of large ...

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Exxon reports smallest profit since 1999

Exxon's 1Q profit plunges 63 percent on lower oil prices

DALLAS (AP) — Lower oil prices continue to punish Exxon Mobil Corp., which reported its weakest quarterly profit in nearly 17 years. Exxon still earned $1.7 billion in the second quarter. It was, however, down 59 percent from a year ago, and per share income missed Wall Street expectations. The energy giant cited lower prices for oil and gas and ...

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Vermilion sues oil and gas companies over coastal damage

alligator, bayou

NEW ORLEANS (AP) — Vermilion Parish is suing dozens of oil and natural gas companies over damage the parish’s district attorney says drilling caused to the coast. District Attorney Keith Stutes filed the lawsuit Thursday in state court. Vermilion is the fourth parish to file suit against oil and gas companies over such damage claims. The suits accuse oil and ...

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