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Who ‘owns’ the Moon 50 years after mankind’s 1st ‘giant leap’

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Humans first set foot on the Moon half a century ago, but it remains largely unexplored and uncolonized to this day, and humankind cannot agree on how to do business there. After all, who “owns” the Moon? Fifty years after Neil Armstrong made “one small step” on the surface of the Moon on July 20, Read More

The number of electric utility rate cases increased in 2018

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July 19, 2019 Source: U.S. Energy Information Administration, based on data from S&P Global Rate Case Database and the University of Texas, Austin Energy Institute In 2018, 89 utilities—or nearly half of all major U.S. electric utilities—tried to change electricity rates by filing rate cases with state regulatory commissions; this number was the largest number Read More

EDF could shut power output at Golfech nuclear plant due to hot weather

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FILE PHOTO: View of the cooling towers at the Golfech nuclear plant on the edge of the Garonne river between Agen and Toulouse, southwestern France. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – French utility EDF could shut down production at its 2,600 megawatt capacity Golfech nuclear power plant in the south of France from Tuesday July Read More

Latest hot spell set to deepen drought pain in France

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PARIS (Reuters) – Hot weather in France next week is expected to prolong drought conditions that have impacted several sectors including nuclear power generation and farming, and led to restrictions on water use in 61 administrative regions. FILE PHOTO: A corn field affected by drought is pictured in Montbert near Nantes, France July 16, 2019. Read More

Senators grill Facebook on its plans for Libra cryptocurrency

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WASHINGTON (Reuters) – Facebook Inc is “delusional” to believe people will trust it with their money, a U.S. senator said on Tuesday as lawmakers from both sides of the aisle grilled the social media company on its plans for a digital currency at a hearing on Tuesday. David Marcus, head of Facebook’s Calibra (digital wallet Read More

U.S. offshore oil production remains cut by 58% – U.S. government

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FILE PHOTO: Crews clear debris from Highway 23 during Hurricane Barry in Plaquemines Parish, Louisiana, U.S. July 14, 2019. REUTERS/Jonathan Bachman HOUSTON (Reuters) – About 58%, or 1.1 million barrels per day (bpd), of crude oil production in the U.S.-regulated areas of the Gulf of Mexico remains shut in the wake of Tropical Storm Barry, Read More

Out of the shadows: Australia’s finance regulator told to be more ‘forceful’

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SYDNEY (Reuters) – Australia’s prudential regulator should become less “discreet” and be given more power, including the ability to veto corporate boardroom hires, a government report said, in a sign oversight bodies are being dragged into a banking sector clean-up. The Australian Prudential Regulation Authority (APRA) may need more resources and an expanded armory of Read More

Oil down for a second day as U.S. Gulf of Mexico output returns

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TOKYO (Reuters) – Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U.S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November Read More

U.S. Gulf of Mexico oil, gas producers begin restarting after Barry

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HOUSTON (Reuters) – U.S. oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the U.S. offshore drilling regulator said. There was 1.3 million barrels per day (bpd) of oil production off line in the U.S.-regulated areas of the Gulf Read More