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Rio Tinto makes a recommended all cash offer for Alcan
Rio Tinto and Alcan today announced they have reached an agreement for Rio
Tinto to make an offer to acquire all of Alcan’s outstanding common shares for US$101 per common share in a recommended, all cash transaction. The offer represents a total equity consideration for Alcan of approximately US$38.1 billion.
The offer represents a premium of 65.5 [...]
EU Commission to Present Energy Plan
An energy crunch that chokes fuel supplies, dims the lights at homes and workplaces, and ravages Western economies may no longer be the stuff of 1970s history books. It could be a vision of the near future.
The 1970s oil crisis gave Western countries a glimpse of what life is like when the energy supply isn’t [...]
Wyo misses out on ‘clean coal’ subsidies
The U.S. Department of Energy announced its list of recipients for $1 billion in federal subsidies to utilities that want to invest in “advanced coal-based power” and coal-gasification projects — but none of them will involve Wyoming coal.
That comes as no surprise to Wyoming energy officials, who say that qualification for the investment tax credits [...]
Texans debate air quality amid coal expansion
Texans may consume more electricity than other Americans, but they’re suddenly debating the wisdom of doubling the number of coal-fired power plants in the state — plants critics say will worsen air quality and increase health risks.
The threat of more smog-forming emissions from 12,000 new megawatts of coal-fired generation on the books for Texas has [...]
