Tuesday, October 1, 2024

Renewable Developer SunEdison’s CEO, CFO Sued by Shareholder for “Building a House of Cards”

From the St. Louis Business Journal A disgruntled SunEdison shareholder has filed a lawsuit against the Maryland Heights-based renewable energy developer, alleging the company’s seemingly bright future was “built on a house of cards.” The suit, filed Monday in U.S. District Court for the Eastern District of Missouri by shareholder Dina Horowitz, names SunEdison President and CEO Ahmad Chatila and CFO Brian Wuebbels as defendants. The suit, which seeks class-action

Cabot Oil & Gas Corporation Announces New Directors

Cabot Oil & Gas Corporation (COG) today announced the election of Ms. Dorothy M. Ables and Mr. Robert S. Boswell to its Board of Directors, effective immediately.  The addition of Ms. Ables and Mr. Boswell to the Board will bring the total to seven directors, with six qualifying as independent directors. Ms. Ables is Chief Administrative Officer of Spectra Energy

The Real Numbers On Energy Subsidies

Story by Michael Lynch of Forbes Critics of subsidies for renewable energy are usually met with the retort that the oil industry gets trillions subsidies, as in this article, which claims that these subsidies amount to $5.3 trillion a year. That estimate is based on three major mistakes: it’s the entire energy industry, not oil; the estimate includes externalities, which are not

Crude Oil Storage – December 2, 2015

December 2, 2015 CRUDE OIL INVENTORY/’000 bbls (Week Ended 11/27/15) Current: 489,424 Actual Build/(Withdrawal): 1,177 Economist Average Estimate: (679) Previous: 488,247 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Rig Counts Fall by Double Digits for the Second Week – Oil & Gas 360® Baker Hughes Industries (ticker: BHI) released its weekly rig counts two

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