Lagos — A New York attorney general has filed a lawsuit against Exxon Mobil Corp accusing it of misleading investors about the risks of climate change regulations to its business- the trial holds today. The trial will begin before Justice Barry Ostrager in Manhattan Supreme Court and will last up to three weeks. A report by…
Lagos — The Minister of Mines and Steel Development, Mr Olamilekan Adegbite, says the ministry is adopting strategies to organise artisanal miners into cooperatives to enable them benefit from various government programmes, especially in areas of training on safer mining practices and accessing funding. A statement by Mrs Idowu Jokpeyibo on behalf of the ministry`s Director…
Kaduna — The management of Kaduna Electric has announced the resolution of “the disquiet occasioned by the action of one of the in-house unions”. Workers of electricity distribution company had last week shutdown the headquarters of the company, its area and outstation offices in Kaduna State as they protested alleged non-payment of salaries and non-remittance of…
Houston — Oil rose above $60 a barrel on Wednesday after government data showed a surprise draw in U.S. crude stocks and as the prospect of deeper output cuts by OPEC and its allies offered support. U.S. crude stocks fell by 1.7 million barrels last week as refineries hiked crude runs by 429,000 barrels per day…
Accra – The United States has canceled $190 million in grants to Ghana under the “Power Africa” initiative in response to the Ghanaian government’s termination of a contract with a private utility provider, the U.S. embassy said. The Millenium Challenge Corporation (MCC), a U.S. government foreign assistance agency, agreed in 2014 to provide $498 million in…
New York — Biofuels groups have filed a petition in the U.S. court of appeals in Washington against the Environmental Protection Agency, challenging the agency’s process for granting refineries exemptions to the nation’s biofuel blending mandates, the groups said Wednesday. The petition, filed by groups such as the Renewable Fuels Association, the American Coalition for Ethanol,…
Amsterdam — Japanese carmaker Honda has brought forward a goal to only sell electric and hybrid cars in Europe by three years to 2022, a leading company executive said on Wednesday. Last month, Honda said it would phase out all diesel vehicle sales in Europe by 2021 in favour of electrified vehicles. The carmaker had said…
Six French and Ugandan campaign groups have asked a French court to order energy major Total to disclose how it is addressing the human and environmental impact of a Ugandan oil field, green group Friends of the Earth said on Wednesday. Total said on Wednesday it had no immediate comment on the groups’ legal application,…
The China Development Bank (CDB) has signed a $629 million financing facility to accelerate the completion of the Lekki Deep Seaport project, which started in 2011. The loan was secured from the Chinese bank after China Harbour Engineering Company (CHEC), which owns majority shares in the project, signed a 45-year concessionary agreement with Lekki Port…
GE (GE.com) Will Modernize Seven GE LM6000PC Aeroderivative Gas Turbines and Install Its Asset Performance Management (APM) Digital Solution at Dangote Cement Plants in Obajana and Ibese, Nigeria;Contract Includes Service Agreement Extension for Additional 50,000 Operating Hours for Each of the Seven GE LM6000PC Aeroderivative Gas Turbines; GE’s APM Digital Solution Will Help Reduce Unplanned…