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Transocean to give shareholders $1 billion while trying to cap its responsibility for Gulf spill at $27 million

May 18, 2010 by Joseph Romm
with 179 views
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Transocean, Ltd., the giant oil contractor that leased its Deepwater Horizon rig to BP, held a “closed-door meeting” with shareholders Friday, “just days after” executives appeared before Congress to explain the company’s role in the massive Gulf of Mexico oil spill.  As ThinkProgress noted, the meeting took place at the... [read more]

Shareholders: Tell the truth about fracking

March 7, 2010 by Marc Gunther
with 401 views
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No form of energy–not solar, wind, hydropower, obviously not coal or oil–comes without environmental tradeoffs. One promising new energy source–a vast supplies of natural gas, trapped in shale deep beneath the earth’s surface–is getting renewed scrutiny these days, and for good reason. While natural gas is often called a “bridge” to a... [read more]

Customers Might Prefer to Be Shareholders in New Nuclear Plant Construction

September 9, 2009 by Rod Adams
with 101 views
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Over the past several days, I have read a number of stories about the political and legal challenges that companies like Southern Co., FPL, and CPS are facing as they attempt to roll some of the costs of efforts to expand their nuclear plant capacity into their current rate structure. In most cases the numbers are quite small - CPS, for... [read more]