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Buffett may benefit as train lobby bids to weaken safety rule

2015-07-14 08:27:53| Railroads - Topix.net

Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key cog in the development of the vast North American shale oil fields. A series of oil train accidents, including the July 2013 explosion of a train carrying crude in Lac-Megantic, Quebec, that killed 47 people, led U.S. and Canadian regulators to announce sweeping safety rules in May. Among other things, U.S. oil trains are required to install new electronically controlled pneumatic brakes.

Tags: safety benefit rule train

Serbian govt invites bids for Telekom Srbija

2015-07-03 12:37:00| Telecompaper Headlines

(Telecompaper) Serbia's Privatization Agency has published a public invitation for non-binding bids for the state's stake in Telekom Srbija. The applicants must demonstrate that they have been a provider of mobile telecom services over the last three years. In addition, any bidders must have in three audited fiscal years average annual revenues related to telecom services exceeding EUR 500 million, raised total funds of at least EUR 500 million over the last 10 years, had assets under management of at least EUR 2 billion as of end 2014, pr was an investor in the last 10 years via a minimum equity shareholding of 10 percent in at least one telecom operator with annual revenues related to telecom services exceeding EUR 500 million in at least one given year of the investment period. Interested domestic or foreign entities fulfilling the conditions must submit to the agency a request for delivery of documentation for the first phase of the procedure by 23 July. The deadline for submitting non-binding offers is 2 August. After the Commission for carrying out the procedure short lists the bidders, the Agency shall invite them to participate in the second phase of the procedure.

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With 2015 energy plan, N.Y. bids become cleanest energy state in U.S

2015-06-29 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

EnergyWire: New York made a bold declaration about clean energy yesterday with a state energy plan that promises a host of policy efforts aimed at scrubbing the state of fossil fuels and advancing a future heavy on distributed generation and renewable energy. The much-anticipated document from Gov. Andrew Cuomo (D) lays out targets under the state's fast-moving "reforming the energy vision" (REV) for electricity and complementary programs for other areas. Taken together, the promised targets under those programs...

Tags: us state plan energy