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Enron redux: Shell bilked California in energy crisis, judge

2016-04-16 00:07:21| Energy - Topix.net

Fifteen years after blackouts swept the state, a Federal Energy Regulatory Commission judge has found that a division of Shell Oil engaged in fraud and market manipulation during California's energy crisis, with company traders joking on tape about burning the evidence if they were ever caught. The tentative decision, which must be approved by the FERC board, holds Shell and Spanish energy company Iberdrola liable for $1.1 billion in ill-gotten profits, money that could be refunded to Californians if the decision stands.

Tags: california energy judge shell

2008 Financial Crisis Redux?

2016-02-23 17:05:00| National Real Estate Investor

Steady Investor It's hard to blame investors for fearing the worst. The 2008 financial crisis is still fairly fresh in our memories and it's tempting to apply the same logic. read more

Tags: financial crisis redux financial crisis

Rotary redux: Mazda unveils rotary-powered RX-VISION concept

2015-10-28 09:55:31| Green Car Congress

Tags: concept mazda rotary unveils

Chris Kelly: New Jersey landfill redux?

2015-10-11 10:50:10| Waste Management - Topix.net

The landfill opened in the late 1980s and, over the next quarter-century, piled up a mountain of out-of-state trash. Permitted to accept 10,000 tons of mostly New York and New Jersey garbage daily, it dwarfed the communities in its shadow and warned interstate travelers to choose another exit.

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