Environmental Capital provides daily news and analysis of the business of the environment. It tracks how growing green concern, particularly over climate change, is roiling established industries and spurring new ones – and how that shift is affecting investors, consumers and the planet.
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Green Ink: California Drilling
Posted on August 27, 2008
Gustav has oil markets nervous and sent crude above $117, Bloomberg reports, and $110 looks like the new floor during hurricane season. What is Big Oil doing? BP is redoubling efforts in a mature market like Norway, where at least the investment climate is friendly, while ConocoPhilips is unloading its gas stations to focus on the bigger money upstream, both in the WSJ (sub reqd.). Keep an eye on oil-natural gas spread: Despite the recent decline in oil prices, the price differential is wider than its been for 8 years, in the WSJ (sub reqd.).Energy is stealing into the limelight in Denver. Gri...
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