Italy May Sell Eni Stake To Pay Off National Debt

Italy could soon sell its stake in Eni to pay down debts, a source close to the matter told reporters on Monday. The price of the stake in Eni has yet to be determined, and officials from Rome have declined to comment on the proposal. The Italian Treasury owns 4.34 percent of Eni. “The idea is to get as much as possible as soon as possible, to cut the public debt causing the least possible political impact,” the source said. Italy’s financial goal for 2017 involved raising 3.4 billion euros to pay off public debt, an amount totaling to 130…

Nigeria To Back OPEC Extension If Conditions Are Favorable

Nigeria would back an extension of OPEC’s production cut deal to the end of 2018 “as long as the right terms are on the table” relative to Abuja’s planned economic recovery, Oil Minister Emmanuel Ibe Kachikwu said, according to a report by Reuters. “There isn’t any reason to change what is a winning formula,” Kachikwu said, adding “there is a consensus to extend. The issue will be the duration.” So far, the bloc and ten other producers have agreed to extend the agreement through next March.…

Uncertainty Builds As Speculation Rocks Venezuelan Bond Market

Bonds sold by the Venezuelan government and its state-owned oil company PDVSA moved in opposite directions on Monday as speculation about an upcoming default grew. President Nicolas Maduro’s regime may default on sovereign bond payments in order to continue servicing debt owed by PDVSA, Reuters reports. Caracas plans to host its creditors for a special meeting next week to discuss the details of a debt restructuring plan for $60 billion in bonds. “Some people thought that the refinancing announcement is only going to affect the Republic…

House Tax Bill Prefers Fossil Fuels Over Green Energy

So far, the House tax bill, passed wholly by the Republican party, picks the winners and losers in the energy industry. Wind power and other green energy actors are the losers in this new economic model, according to leading economic analysis. Oil, gas, and nuclear power are proffered, on the other hand, making either energy source preferred to hydropower or any of its green cousins. “It’s a dirty tax deal for dirty energy,” Jeff Tittel, of the New Jersey Sierra Club, told ABC News. “Trump’s tax bill is a clear assault on renewable energy…

House Tax Bill Prefers Fossil Fuels Over Green Energy

So far, the House tax bill, passed wholly by the Republican party, picks the winners and losers in the energy industry. Wind power and other green energy actors are the losers in this new economic model, according to leading economic analysis. Oil, gas, and nuclear power are proffered, on the other hand, making either energy source preferred to hydropower or any of its green cousins. “It’s a dirty tax deal for dirty energy,” Jeff Tittel, of the New Jersey Sierra Club, told ABC News. “Trump’s tax bill is a clear assault on renewable energy…

House Tax Bill Prefers Fossil Fuels Over Green Energy

So far, the House tax bill, passed wholly by the Republican party, picks the winners and losers in the energy industry. Wind power and other green energy actors are the losers in this new economic model, according to leading economic analysis. Oil, gas, and nuclear power are proffered, on the other hand, making either energy source preferred to hydropower or any of its green cousins. “It’s a dirty tax deal for dirty energy,” Jeff Tittel, of the New Jersey Sierra Club, told ABC News. “Trump’s tax bill is a clear assault on renewable energy…

House Tax Bill Prefers Fossil Fuels Over Green Energy

So far, the House tax bill, passed wholly by the Republican party, picks the winners and losers in the energy industry. Wind power and other green energy actors are the losers in this new economic model, according to leading economic analysis. Oil, gas, and nuclear power are proffered, on the other hand, making either energy source preferred to hydropower or any of its green cousins. “It’s a dirty tax deal for dirty energy,” Jeff Tittel, of the New Jersey Sierra Club, told ABC News. “Trump’s tax bill is a clear assault on renewable energy…

Enbridge Line 3 Faces Dakota Access-Style Opposition

Enbridge’s Line 3 pipeline should progress as planned, despite the intense scrutiny it faces in Minnesota as an oil and gas project, according to new reports emerging from the area. “A lot of the people here are from Standing Rock, and learned a lot about what happens when people stand together, and the power of that, and the creation of a global movement,” says Tara Zhaabowekwe Houska in a Makwa Camp video. The Standing Rock Sioux tribe resisted efforts by Energy Transfer Partners to build a pipeline without a proper environmental…

Enbridge Line 3 Faces Dakota Access-Style Opposition

Enbridge’s Line 3 pipeline should progress as planned, despite the intense scrutiny it faces in Minnesota as an oil and gas project, according to new reports emerging from the area. “A lot of the people here are from Standing Rock, and learned a lot about what happens when people stand together, and the power of that, and the creation of a global movement,” says Tara Zhaabowekwe Houska in a Makwa Camp video. The Standing Rock Sioux tribe resisted efforts by Energy Transfer Partners to build a pipeline without a proper environmental…

Enbridge Line 3 Faces Dakota Access-Style Opposition

Enbridge’s Line 3 pipeline should progress as planned, despite the intense scrutiny it faces in Minnesota as an oil and gas project, according to new reports emerging from the area. “A lot of the people here are from Standing Rock, and learned a lot about what happens when people stand together, and the power of that, and the creation of a global movement,” says Tara Zhaabowekwe Houska in a Makwa Camp video. The Standing Rock Sioux tribe resisted efforts by Energy Transfer Partners to build a pipeline without a proper environmental…