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Blackstone Invests $3 Billion in Invenergy for Clean Energy

This post was originally published on this site(Bloomberg) Blackstone Inc. is adding to its bets on sustainability and climate change, with a $3 billion investment in clean energy and infrastructure-focused Invenergy. Blackstone’s infrastructure group will take a minority stake in the renewable energy developer, with Invenergy and Canadian pension fund Caisse de dépôt et placement du […]

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Exxon rejects union’s modified proposal in Texas refinery lockout -official

This post was originally published on this siteHOUSTON, Jan 6 (Reuters) – Exxon Mobil Corp (XOM.N) on Thursday rejected a proposal by the United Steelworkers union (USW) to end an eight-month lockout of about 600 workers at the company’s Beaumont, Texas, refinery, the company said. The union’s proposed modifications to contract language do not meet the company’s

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Oil Set for Third Weekly Advance as Market Tightens on Outages

This post was originally published on this siteJan 7, 2022 (Bloomberg) Oil was poised for a third weekly gain as demand remained resilient while supplies are frayed across the OPEC+ coalition and beyond. Futures increased again on Friday to trade near $80 a barrel in New York, bringing this week’s increase to almost 7%. Kazakhstan’s biggest

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Alleged Permian Ponzi Scheme Funded Jet, Bahamas Property Purchases

This post was originally published on this site(Bloomberg) The shale industry is no stranger to accusations of promising more oil than it could deliver and spending shareholders’ money unwisely, but one group of alleged Ponzi schemers in Texas took that to a whole new level.The U.S. Securities and Exchange Commission this week sued Heartland Group Ventures LLC,

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