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UPDATE 4-Coronavirus punishes Warren Buffett, as Berkshire Hathaway takes big writedown

Aug 8 Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett's conglomerate.

UPDATE 1-Problems plagued U.S. CO2 capture project before shutdown -document

Aug 6 A $1 billion project to harness carbon dioxide emissions from a Texas coal plant suffered chronic mechanical problems and routinely missed its targets before it was shut down this year, according to a report submitted by the project's owners to the U.S. Department of Energy.

Stock Quote, Energy, Aug 07 2020

Nobel-winning Mexican scientist calls for complete ban on fuel oil

MEXICO CITY, Aug 7 Dirty fuel oil widely used to generate electricity in Mexico should be completely banned, Mexican scientist Mario Molina said, citing its high sulfur content as a danger to both human health and the earth's atmosphere.

Energy, Aug 07 2020

UPDATE 2-U.S. natgas soars to December high in best week since 2009

(Adds latest prices) Aug 7 U.S. natural gas futures on Friday jumped to their highest since December after rising by the most in a week since 2009, as liquefied natural gas (LNG) exports increased and forecasts called for hot weather through late August. "The LNG market’s worst days appear to be behind it, with fewer cancellations in September expected to bring utilization back toward 60% before an even stronger recovery in October," said Daniel Myers, market analyst at Gelb

Energy, Aug 07 2020

Macquarie to start sale of Wheelabrator's UK waste-to-energy plants in Sept - sources

FRANKFURT/LONDON, Aug 7 Macquarie Infrastructure Partners (MIP) is aiming to kickstart the sale of waste management company Wheelabrator's power plants in the UK in September, two sources with knowledge of the matter said.

Utilities
Nextera Energy Inc $287.78 +1.76%
Dominion Energy Inc $80.62 +1.24%
Duke Energy Corp $86.61 +2.85%

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