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

8 hours ago DieselGasoil Comments Off on PG&E bondholders propose bankruptcy exit plan worth up to $30 billion
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

PG&E to float $31 billion restructuring plan: Bloomberg

4 days ago DieselGasoil Comments Off on PG&E to float $31 billion restructuring plan: Bloomberg
FILE PHOTO: A PG&E truck carrying an American Flag drives past PG&E repair trucks in Paradise, California, U.S. November 21, 2018. REUTERS/Elijah Nouvelage/File Photo (Reuters) – Power producer PG&E Corp will propose a $31 billion bankruptcy restructuring plan that will include two funds worth a total of $34 billion to cover past and future wildfire Read More

PG&E settles California fire claims with local governments for $1 billion

1 week ago DieselGasoil Comments Off on PG&E settles California fire claims with local governments for $1 billion
SAN FRANCISCO (Reuters) – PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Read More

PG&E settles California fire claims with local governments for $1 bln

1 week ago DieselGasoil Comments Off on PG&E settles California fire claims with local governments for $1 bln
SAN FRANCISCO (Reuters) – PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the governments said on Tuesday. FILE PHOTO: PG&E crew work on power lines to repair damage caused by the Read More

Priests wear hard hats at first Notre Dame mass since fire

1 week ago DieselGasoil Comments Off on Priests wear hard hats at first Notre Dame mass since fire
Notre Dame in Paris held its first Mass since the fire which caused enormous damage to the cathedral’s roof and destroyed its spire. The gothic structure was at risk of being destroyed on 15 April when it was engulfed in a blaze, although its twin medieval bell towers and many of priceless artistic treasures were Read More

Refinery news roundup: Midwest refineries restart as flood waters recede; planned work ends

2 weeks ago DieselGasoil Comments Off on Refinery news roundup: Midwest refineries restart as flood waters recede; planned work ends
New York — The Midwest refining complex is getting back to normal as a particularly heavy turnaround season ends and flood waters recede after a spate of heavy rain impacted local operations. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now HollyFrontier restarted the 70,000 b/d East Plant of its Read More

Bayer to invest 5 billion euros in weedkiller research

2 weeks ago DieselGasoil Comments Off on Bayer to invest 5 billion euros in weedkiller research
FRANKFURT (Reuters) – Bayer, the German crop science and chemicals group reeling from U.S. litigation over claims its glyphosate pesticide causes cancer, said on Friday it would invest 5 billion euros ($5.64 billion) in weedkiller research. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Read More

Pence urges spending to repair well-worn U.S. national parks

2 weeks ago DieselGasoil Comments Off on Pence urges spending to repair well-worn U.S. national parks
OLD FAITHFUL, Wyo. (Reuters) – Against the backdrop of Yellowstone’s Old Faithful Geyser, U.S. Vice President Mike Pence on Thursday urged Congress to dedicate billions of dollars in federal energy revenues for repairs to aging facilities at America’s national parks. U.S. Vice President Mike Pence, flanked by wife Karen, Interior Secretary David Bernhardt and Yellowstone Read More

U.S. Forest Service aims to speed up logging, infrastructure projects

2 weeks ago DieselGasoil Comments Off on U.S. Forest Service aims to speed up logging, infrastructure projects
WASHINGTON (Reuters) – The U.S. Forest Service, which manages millions of acres of national forests and grasslands, on Wednesday proposed “bold” changes for how it carries out environmental reviews of logging, road building and mining projects on public land, a move that raised red flags for environmental groups. The U.S. Department of Agriculture’s Forest Service Read More

Renault’s priority is to strengthen Nissan alliance: chairman

2 weeks ago DieselGasoil Comments Off on Renault’s priority is to strengthen Nissan alliance: chairman
FILE PHOTO: Renault Chairman Jean-Dominique Senard attends a Renault, Nissan and Mitsubishi chiefs’ joint news conference in Yokohama, Japan, March 12, 2019. REUTERS/Kim Kyung-Hoon/File Photo PARIS (Reuters) – Renault sees the strengthening of its Nissan alliance as a priority after a project to merge with Fiat Chrysler failed last week, the French car maker’s chairman Read More