Energy costs hit Corus
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Anglo-Dutch steelmaker Corus reports a 32% drop in first-half earnings as higher raw material and energy costs bite.
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The cost of decommissioning ageing nuclear plants has soared by 12 billion pounds to 73 billion over the past few years, a report said Wednesday.
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The steel group Corus today announced pre-tax profits of Â£163m for the six months to the end of June - its first interim profits since its formation in 1999.
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One of Britain's biggest power companies has announced price hikes of 17.2% for gas and 12.7% for electricity in a move set to hit more than four million households. via Grantham Today
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Corus is orded to pay over Â£3m in fines and costs for the 2001 explosion which killed three workers at its Port Talbot plant.
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Ivanhoe Energy is making discoveries, but its valuation is sky high.
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After a mostly mild winter that helped push energy prices down, NStar electric customers finally will reap some delayed benefit starting July 1, with new rates saving average residential customers $5 a month through December.
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Investors will eye the release next week of third-quarter results for Anglo-Dutch steel firm Corus as it faces rival takeover bids from Brazil's CSN and India's Tata Steel.
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Anglo-Dutch steelmaker Corus has reported a profit for the first time since it was formed in 1999. Surging steel prices have helped the company lift earnings, and it has cut jobs and sold a number of businesses.
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Attempts by competing Indian and Brazilian steelmakers to acquire the Anglo-Dutch steel producer Corus Group developed into a full-fledged bidding war today.
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UK energy consumers are facing higher gas and power bills after Ofgem passed plans for spending on infrastructure.
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CORUS, the Anglo-Dutch steel-maker, today hit a landmark point in its recovery as it revealed it had achieved its first profitable six months since its creation from the merger of British Steel and Dutch firm Royal Hoogovens in 1999.
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Record amounts of electricity were  consumed this week as temperatures plunged across much of the  East Coast and consumers turned up their thermostats to heat  homes and businesses, several utilities reported.
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Years before most knew about green energy, Iceland was tapping into its geysers and volcanoes. With gas at $8 a gallon, renewables now provide almost all heating and electricity. And advocates can see a country free of fossil fuel use by 2050.
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A shortage of natural gas besets the state's most populous area. In rural outposts, energy costs spike.
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As talk of building new power plants rises sharply, a new fleet of coal-fired power plants and a revival of nuclear construction are both looking tougher due to rising costs.
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Surging oil prices are a mixed blessing for the environment, experts say. Clean renewable energy and recycling are getting a major boost from 100-dollar-a-barrel crude -- but so are coal, a massive contributor to global warming, and nuclear power, which remains shadowed by safety concerns.