Indiana regulators have given ArcelorMittal permission to dispose of more than 2 million tons of steel-making waste in a landfill at the company’s sprawling complex along Lake Michigan. The decision comes more than two years after ArcelorMittal requested a permit for the restricted waste landfill.
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Broadwind to supply wind towers to Spanish firm
Broadwind Energy said its Tower Tech Inc. unit would supply structural wind towers to Spain’s Gamesa Corporacion Tecnologica for installation in wind sites in the United States.
Tower Tech, which makes heavy wind towers, expects to deliver these towers to Gamesa’s U.S. unit Gamesa Technology Corp during the fourth quarter, the company said in a statement. Get the full story »
U.S. gasoline prices fall, thanks to cheaper oil
U.S. gasoline prices fell to the lowest level in three weeks due to lower crude oil costs, the Energy Department said Tuesday.
The national price for regular unleaded gasoline dropped 3.1 cents over the last week to $2.73 a gallon, the department’s Energy Information Administration said in its weekly survey of service stations.
While drivers are still paying 11 cents more a gallon than a year ago, the pump price is down sharply from the record $4.11 reached two years ago. Get the full story »
Deadline for FutureGen deal extended by 60 days
The U.S. Department of Energy has extended a deadline to work out a deal to build the FutureGen coal power plant in eastern Illinois. The agency said Wednesday that an agreement that expired this week between it and the FutureGen Alliance to work out financial and other details has been extended by 60 days.
BP could be ripe for takeover
From CNN | BP’s stock price has fallen far enough for the oil company to become an attractive takeover target for its biggest rivals, according to industry analysts.
BP’s stock finished at $28.88 Wednesday, a plunge of more than 50% from its close of $60.09 on April 19, the day before its leased oil rig, the Deepwater Horizon, exploded and sank in the Gulf of Mexico, killing 11 workers. On Thursday, shares were up more than 3%.
Fred Lucas of JPMorgan believes that investors have overdone it in dumping the stock, cheapening it to an attractive value for buyers – meaning potential parent companies, not just individual investors. Get the full story »
Greenpeace targets Costco’s seafood
Greenpeace launched on Tuesday a Web site accusing Costco Wholesale Corp. of a “lack of transparency” in labeling seafood.
Greenpeace said Costco markets itself as a supporter of sustainable seafood but sells 15 of the 22 seafood species listed “red,” or at risk of extinction, by the International Union for the Conservation of Nature and Natural Resources. Those species include Chilean sea bass and orange roughy. Get the full story »
BP: CEO Hayward not resigning
BP was forced to defend its chief executive on Monday after Russia’s deputy PM said he expected Tony Hayward to resign soon, while a tropical storm threatened oil spill cleanup efforts in the Gulf of Mexico.
BP said Hayward remained CEO and no change was under discussion after Igor Sechin said he expected Hayward to resign and that Russian officials would be told the name of his successor in Moscow on Monday. Get the full story »
BP’s oil spill costs hit $2.65B
BP said Monday it has spent about $2.65 billion responding to the massive oil disaster in the Gulf of Mexico. The price tag includes “the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs,” the company said on its website.
Gulf oyster shortage hits Red Lobster’s menu
The Gulf oil spill is forcing the removal of oysters from Red Lobster’s menu.
A Franklin, La., processing plant that provided Darden Restaurants with oysters for its Red Lobster chain shut down last week because it was unable to maintain its supply. AmeriPure Processing Co.’s co-owner and founder said the closure could last through October. Get the full story »
EPA pushes back enforcement of lead paint rules
The U.S. Environmental Protection Agency has delayed until Oct. 1 the date by which contractors must be certified to safely remodel homes built before 1978 that may contain lead paint.
The Lead Renovation, Repair and Painting Rule, which involved specific safety precautions and criteria for contractor certification, took effect April 22. The agency has faced criticism for more than a year from remodelers’ trade groups that argued there was not adequate time to get firms certified.
Get the full story »
Ford aims to reinvent Explorer, recapture sales
Ford Motor Co. is counting on a leaner and greener makeover of its Explorer to find new buyers for a once hot-selling sport utility vehicle that powered the automaker’s profits a decade ago. Get the full story »
June 18, 2010 at 4:02 p.m.
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Filed under: Chicago executives, Energy, Environment, Policy, Politics Embattled BP CEO removed from spill oversight
BP removed Chief Executive Tony Hayward from day-to-day oversight of the Gulf oil spill crisis a day after he was pummeled by lawmakers in an appearance on Capitol Hill, the company’s chairman said Friday.
Carl-Henric Svanberg told Britain’s Sky News television that Hayward “is now handing over the operations, the daily operations to [BP Managing Director] Bob Dudley,” overshadowing news that after many setbacks BP was finally making real progress in siponing and burning off oil from the underwater gusher. Get the full story »
Coast Guard says BP relief wells ahead of schedule
Reuters | BP Plc is ahead of schedule on drilling a pair of relief wells to
eventually stop its gushing oil leak in the Gulf of Mexico, but the top
U.S. official overseeing the spill response said on Thursday the company
still expects to finish them in August.
Meanwhile BP said that its dual oil-handling system collected 14,750
barrels of oil and burned off another 3,850 barrels on Wednesday.
Kevin Costner builds machine; BP comes
Actor Kevin Costner testified on the Gulf oil spill last week before the House Science and Technology Committee. (AFP/Getty Images)
From ABC News | As part of its growing arsenal to fight the Gulf oil spill, BP has contracted with actor Kevin Costner and Ocean Therapy Solutions to uses their centrifuge machines that separate oil from the water.
Get the full story: abcnews.com
Ikea to start pulling incandescent bulbs in August
Associated Press | Home furnishings retailer Ikea plans to start
pulling incandescent light bulbs from its U.S. stores starting in
August.
Ikea says that it hopes to have all incandescent bulbs
out of its U.S. stores by Jan. 1, in favor of other longer-lasting
bulbs.
