The Sabah Government is sticking to its decision against building a coal- fired power plant in Lahad Datu.
State Tourism, Culture and Environment Minister Datuk Masidi Manjum said the government could not afford the environmental risks of such a facility close to key pristine conservation areas.
“We are aware of the argument that coal-fired plants in the [...]

Members of the Rockefeller family, descended from the founder of what is now Exxon Mobil Corp., want the oil giant to split the roles of chairman and CEO and to put more focus on renewable energy.
The family members, who describe themselves as the company’s longest continuous shareholders, say they are concerned that the Irving, Texas-based [...]

A new survey from Public Agenda and the publication Foreign Affairs finds U.S. dependence on foreign oil a top national security concern for Americans.
The sixth edition of the Confidence in Foreign Policy Index, which tracks attitudes on over 110 items related to foreign policy, shows about 60 percent of Americans think reducing energy dependence would [...]

Cheniere Energy, Inc. today announced the opening of its Sabine Pass LNG receiving terminal and interconnecting Creole Trail Pipeline with an on-site ceremony in Cameron Parish, Louisiana.
“The opening of the Sabine Pass LNG terminal and pipeline represents a milestone event for the company,” said Charif Souki, chairman and CEO, Cheniere. “It is the culmination of [...]

Universal Uranium Ltd. has terminated the option agreement dated February 10, 2006 with Artillery Peak Uranium Corp. Pursuant to the terms of the Agreement, the Company had the option to earn and acquire a 100% interest in Artillery Peak Uranium Corp.’s 86 lode mining claims totalling 1776.85 acres located 186 kilometres northwest of Phoenix, Arizona.
The [...]

The government has agreed to grant a demand from mining company Rio Tinto for a fixed-rate tax facility for its US$3 billion nickel project in Sulawesi, providing leeway for other mining giants to receive similar privileges.
Chairman of the Investment Coordinating Board Muhammad Luthfi told reporters Monday the government had agreed to provide the company with [...]

A new arrangement in the mining bill which limits land for mining use may not spook potential mining investors, as long as the government provides legal certainty for the future of operations, an association says.
Indonesian Mining Association (IMA) executive director Priyo Pribadi Soemarno told The Jakarta Post on Monday that investors should not see the [...]

China Coal Energy, the country’s No. 2 coal producer, is exploring investments in Australia and Indonesia while it doubles spending to ramp up production and feed the world’s largest coal market.
China Coal, the country’s largest coal producer after Shenhua Energy, also expected to export about as much of the hydrocarbon this year as it did [...]

Indonesia plans to limit the area that metal and coal miners can explore to prevent domination by a few companies, a legislator said on Monday, a move analysts said could hurt already poor levels of investment.
Indonesia has some of the world’s largest deposits of coal, copper, tin, nickel and gold, and is keen to earn [...]

West Canyon Energy Corp., a Houston-based energy exploration and production company focused on high impact energy prospects in the continental United States, announced today that it has signed a Letter of Intent to acquire one-hundred percent (100%) working interest, in the Spring Creek Prospect.
On March 25, 2008 we entered into a letter of intent [...]