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News of the 07/30/2008

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Steelmaker ArcelorMittal's quarterly profit surges

  
ArcelorMittal SA, the world's largest steelmaker, saw its second quarter net profit surge 114 percent after it hiked steel prices due to higher costs for energy and iron ore.
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AdWatch: Obama dismissive of McCain in energy ad

  
TITLE: "Old Politics" LENGTH: 30 seconds.
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Contact secures additional Pohokura gas

  
Contact Energy has entered into a new gas sale agreement with OMV for the supply of an additional 32 petajoules of natural gas from the Pohokura gas field. This supply will commence at the completion of the existing arrangement with OMV, on 31 March 2012,
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Wall St seen starting higher as oil slips

  
NEW YORK (Reuters) - Stock index futures rose on Wednesday as oil prices slid for a second consecutive session, further easing fears about inflation and the impact of high energy prices on consumer spending.
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British Gas raises bills by up to 35%

  
The UK's biggest domestic energy supplier raises gas prices by 35% and electricity prices by 9%, with immediate effect.
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News of the 07/29/2008
    

Not to be out-greened

  
Harvard pledged this month to slash its greenhouse gas emissions by 30 percent by 2016. The University of New Hampshire became the first school in the nation this year to use landfill methane gas as its prime energy source. And the College of the Atlantic in Maine plans to open green dormitories with composting toilets in August.
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Bush returns to the rainbow

  
When in doubt, President Bush can always rely on the rainbow. At the end of speech about energy on Tuesday, Bush seemed to surprise his audience at a welding plant by inviting questions. Trouble is, he didn't really get any. That's rare.
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Today on the presidential campaign trail

  
IN THE HEADLINES McCain restates support for offshore oil drilling, taunts Obama as 'Dr. No' on energy ... Obama promises to move 'rapidly and vigorously' to improve the economy ... Melanoma survivor McCain has spot of skin removed from face and biopsied as precaution
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Patrick signs biofuels measure

  
Governor Deval Patrick signed biofuels legislation yesterday that he said will put Massachusetts at the forefront of the clean energy movement.
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NH Senate calls on Congress for more heating aid

  
The New Hampshire Senate has sent an urgent appeal to its congressional delegation, calling on them to support at least double the funds for home heating aid through the federal Low Income Home Energy Assistance Program.
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News of the 07/28/2008
    

Rising inflation hits German confidence

  
Consumer confidence in Europe's biggest economy slid to a more-than 5-year low as higher energy prices, growing fears of a recession and concern about the global economy needled German shoppers.
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South Korea to up alternative energy spending

  
SEOUL (Reuters) - South Korea plans to raise its investment in alternative energy development by 60 percent this year to $193 million, the government said on Monday, as the resource-hungry nation seeks to diversify its energy sources.
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Schneider Electric strengthens its position in renewable energy solutions with the acquisition of...

  
Rueil-Malmaison (France), July 28, 2008 – Schneider Electric (Euronext: SCHN) announced today that it has signed a definitive arrangement agreement with Xantrex Technology Inc. (Toronto Stock Exchange: XTX) providing for the acquisition by Schneider Elect
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Kraft Foods profit beats estimates

  
CHICAGO (Reuters) - Kraft Foods Inc posted higher-than-expected quarterly profit on Monday as price increases and hedging positions offset rising costs for energy and commodities like wheat.
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Warning Over Big Fuel Bill Hikes

  
The energy market needs urgent reform as millions of households face significant price rises in the near future, MPs have warned.
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