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Exclusive: Investors with $34 trillion demand urgent climate change action

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LONDON (Reuters) – Investors managing more than $34 trillion in assets, nearly half the world’s invested capital, are demanding urgent action from governments on climate change, piling pressure on leaders of the world’s 20 biggest economies meeting this week. FILE PHOTO: A commuter walks along Waterloo Bridge, which is being blocked by climate change activists, Read More

Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)

4 hours ago DieselGasoil Comments Off on Palestinians bring out flags & DONKEYS to show disdain for Trump’s Mideast conference (PHOTO, VIDEO)
Palestinians in the Israeli-occupied West Bank marched and clashed with police to protest a US-brokered conference in Bahrain, where business delegations from the Middle East and beyond discuss Washington’s plan for Palestine. Thousands took to the streets to condemn the conference, which began in the city of Manama on Tuesday with a workshop dubbed ‘Peace Read More

PG&E bondholders propose bankruptcy exit plan worth up to $30 billion

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SAN FRANCISCO (Reuters) – A committee of bondholders of PG&E Corp’s utility unit on Tuesday proposed a bankruptcy reorganization plan that would inject up to $30 billion to help the California power provider emerge from Chapter 11 and pay off its liability from wildfires. FILE PHOTO: A PG&E truck carrying an American Flag drives past Read More

Essential Energy Services Provides a Patent Litigation Update

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CALGARY, Alberta, June 25, 2019 (GLOBE NEWSWIRE) — Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) provides an update with regards to the patent litigation. As previously disclosed, on April 25, 2019, the Federal Court of Appeal released its decision (the “Appeal Decision”) dismissing the appeal filed by Packers Plus Energy Services Inc. Read More

Gold soars to six-year high as trade, as Iran tensions mount

8 hours ago DieselGasoil Comments Off on Gold soars to six-year high as trade, as Iran tensions mount
NEW YORK (Reuters) – Gold soared to almost a six-year high on Tuesday on escalating U.S.-Iran tensions and U.S.-Sino trade anxiety, leading traders to pile into safe-haven government debt and to snap up the yen and Swiss franc at the expense of the dollar. FILE PHOTO: Traders work on the main trading floor after the Read More

International Petroleum Corporation announces commencement of drilling program in Malaysia

8 hours ago DieselGasoil Comments Off on International Petroleum Corporation announces commencement of drilling program in Malaysia
TORONTO, June 25, 2019 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce that it has commenced drilling of the first well in a planned multi-well drilling program on Block PM307, located offshore Peninsular Malaysia. IPC is the operator of Block PM307 and holds a 75% working interest, with Read More

Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling

9 hours ago DieselGasoil Comments Off on Japan’s Suntory joins rival Coca Cola to push Vietnam on plastic recycling
TOKYO (Reuters) – Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system. FILE PHOTO: The logo of Suntory is seen at the Suntory Musashino Brewery in Read More

U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex

13 hours ago DieselGasoil Comments Off on U.S. Well Services, Inc. Enters into Exclusive Electric Motor Purchase Agreement with AmeriMex
HOUSTON, June 25, 2019 (GLOBE NEWSWIRE) — U.S. Well Services, Inc. (NASDAQ: USWS) today announced that it has entered into an agreement with AmeriMex Motor & Controls, LLC. (“AmeriMex”), a subsidiary of Industrial Service Solutions. Under the terms of the agreement, AmeriMex will provide electric motors exclusively to USWS as it relates to electric hydraulic Read More

Slack: Why is this loss-making tech firm worth $20bn?

18 hours ago DieselGasoil Comments Off on Slack: Why is this loss-making tech firm worth $20bn?
Another tech start-up made a blockbuster debut on the US stock market last week, with shares in Slack ending the week more than 40% higher. That values the Silicon Valley-based business at $20bn, not bad for a messaging app that was only publicly released in 2014 and has never turned a profit. So why were Read More