Environment Water

  • The business of water

    Patrick Decker, Xylem President & CEO, discusses Xylem's place in the water infrastructure business and how a potential Brexit would impact the company.

  • NEW DELHI, June 16- India's monsoon is expected to dump above-average rainfall on the South Asian nation after two years of drought, cutting its use of diesel for irrigation pumps and generators over the third quarter and potentially rejuvenating exports of the oil product. India's weather office has forecast above-average rains in the four-month season...

  • KARIBA, Zimbabwe, June 15- Zimbabwe, which endured power cuts almost daily last year, is on track to start generating additional power supplies at its Kariba hydro plant in December 2017, a senior government official said on Wednesday. Power cuts in Zimbabwe last year often lasted 18 hours a day after output at Kariba slumped due to low dam water levels.

  • GOMA, Democratic Republic of Congo, June 14- C hina's Sinohydro and China Railway Group will finance a $660 million hydroelectric plant in southeastern Democratic Republic of Congo which is being built to reduce the copper-mining region's power deficit. Sicomines is the mining side of a $6 billion minerals-for-infrastructure deal signed in 2007, under...

  • SAN FRANCISCO, June 13- The California Public Employees' Retirement System recently bought a stake in a private Indiana toll road with a troubled history, one sign of how popular infrastructure investments have become among U.S. pension funds. Infrastructure- such as roads, bridges, rail, airports, water storage, utilities, and pipelines- has long been favored by...

  • LONDON, June 13- China Three Gorges, which operates the world's largest hydropower plant on China's Yangtze river, will buy German offshore wind park Meerwind from U.S. buyout firm Blackstone, the companies said on Monday. The deal, signed during a visit by German Chancellor Angela Merkel to China, has German government approval despite growing controversy over...

  • FRANKFURT/ LONDON, June 9- China Three Gorges is in exclusive talks to buy German offshore wind park Meerwind as it seeks to expand beyond hydropower, sources close to the matter told Reuters. The Chinese group, which operates the world's largest hydropower plant on China's Yangtze river but is having to contend with an increasingly saturated domestic hydro...

  • NAIROBI, June 8- A nationwide blackout that hit Kenya on Tuesday was caused by a monkey tripping a transformer at a hydropower plant, leading to the loss of more than 180 megawatts from the grid, power producer Kenya Electricity Generating Company said. Power distributor Kenya Power and KenGen said electricity supply was knocked out at 11.30 a.m. local time after...

  • WASHINGTON, May 31- The U.S. Supreme Court dealt a setback to federal authorities on environmental law by ruling on Tuesday that property owners can challenge the government over the need for costly permits under a water protection statute in a Minnesota peat mine dispute. The court decided 8-0 in favor of North Dakota- based Hawkes Co Inc, which challenged a U.S....

  • WASHINGTON, May 31- A unanimous U.S. Supreme Court on Tuesday ruled that property owners can challenge the federal government in court over the need for costly permits under a water protection law in a case involving a company's plans for a Minnesota peat mine. The court ruled 8-0 in favor of North Dakota- based Hawkes Co Inc, which challenged a U.S. Army Corps of...

  • Betting on water

    Deane Dray, RBC Capital Markets, discusses the performance of water company, Xylem

  • Wynn Resorts Chairman and CEO Steve Wynn.

    The Las Vegas casino magnate is proposing an extravagant water paradise in drought-stricken Nevada.

  • A 'bathtub ring' surrounds Lake Mead near Hoover Dam, which impounds the Colorado River at the Arizona-Nevada border, on March 30, 2016

    Lake Mead, the largest U.S. reservoir, has declined to its lowest level since it was first filled during the 1930s, according to The Desert Sun.

  • SANTIAGO, May 13- A team of scientists will determine if salmon producers dumping tons of dead fish into the Pacific contributed to a massive "red tide" that is wreaking havoc among fishermen in southern Chile, the government said on Friday. The red tide- an algal bloom that turns the sea water red and makes seafood toxic- is a common, naturally recurring phenomenon in...

  • Gulf of Mexico forced Royal Dutch Shell on Thursday to shut in all wells that flow to its Brutus platform, federal regulators said. The sheen is near Shell's Glider Field, a group of four subsea wells whose production flows through a subsea manifold to the Brutus platform, which sits in water with a depth of 2,900 feet. Brutus began operation in 2001 and was designed...

  • CARACAS, May 9- Venezuela's socialist government has extended a two-day workweek for public sector employees for another two weeks because of a drought that has sapped hydroelectric power generation in the OPEC country. Maduro's rivals have called the shortened workweek foolhardy, arguing that sending employees home will not solve the power crunch and...

  • LOS ANGELES, May 6- San Francisco Public Utilities Commission next week will issue $240 million in wastewater revenue "green" bonds, the first infrastructure municipal bonds to meet specific criteria under a new environmental standard for water projects. The commission is planning a competitive sale of $308 million of revenue bonds, of which $240 million...

  • UK's Royal Research Ship could have been called 'Boaty McBoatface'

    More than 124 thousand people voted for the ship to be called 'Boaty McBoatface.'

  • FLINT, Mich., May 4- President Barack Obama sipped filtered water in Flint, Michigan, on Wednesday and assured angry residents that their children would be fine in the long term despite the "complete screw-up" that contaminated their drinking water with lead. Flint, with a population of about 100,000, was under control of a state-appointed emergency manager in...

  • FLINT, Mich., May 4- President Barack Obama sipped filtered water in Flint, Michigan, on Wednesday and assured parents that children over 6 years old could do the same during a visit to a city still reeling from a scandal over lead-poisoned drinking water. "The water around this table was Flint water that was filtered," Obama said during a meeting with regulators as he...