Economy & Business

"Talks between the US and EU over the wide-ranging TTIP trade deal are likely to grind to a halt, according to France's trade minister."

"The U.S. Supreme Court on Monday declined a request from shareholders seeking to revive their class action lawsuit against BP claiming the British oil company misrepresented its safety procedures prior to the 2010 Gulf of Mexico oil spill."

"The Dutch chapter of the environmental activist group Greenpeace leaked on Monday what it called a trove of documents from the talks over a proposed trade deal between the European Union and the United States."

"Halliburton and Baker Hughes, two major oil services companies, have called off their planned $35 billion merger, citing difficulties in obtaining approval from regulators as well as sharply lower energy prices."

"Colorado, which gets 60 percent of its electricity from coal-burning power plants, has set some of the more ambitious greenhouse gas reduction targets in the United States. It wants to cut emissions from its power plants 38 percent by 2030. ... One of the immediate problems of the target-setters, however, is that the state lacks plans from its fastest-growing, most energy-hungry users: owners of indoor marijuana farms."

"The Canadian affiliate of ExxonMobil, the world’s largest publicly traded multinational oil and gas corporation, has known for decades that its operations were causing environmental damage and contributing to climate change, according to newly-released documents from a Calgary museum."

"The worst oil crash in a generation has cost Exxon Mobil Corp. the gold-plated credit rating it had held since the Great Depression."

"Texas lost another seven rigs actively drilling for oil in the past week, leaving just 351 oil rigs left nationwide as the energy sector continues to shed jobs by the thousands."