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To: Wharf Rat who wrote (1079949)	7/24/2018 12:30:44 PM
From: Wharf Rat	Respond to of 1578560

Another Major Oil Player Invests in Clean Energ Rotterdam-based Vitol partners on a €200 million fund focused on European renewable projects. Emma Foehringer Merchant July 23, 2018 Vitol and Low Carbon's new fund will invest in wind projects to start Photo Credit: Shutterstock.com Oil and gas trader Vitol and renewables investor Low Carbon announced they’re partnering on a €200 million (about $234 million) fund to invest in renewable energy generation throughout Europe. Vitol’s commitment is the latest in a growing roster of fossil-fuel-centric companies showing confidence in clean energy through financial commitments. Among oil and gas majors, Shell has invested in solar developers like Silicon Ranch and storage company sonnen, Total has acquired energy efficiency company GreenFlex and invested in energy storage company Ionic Materials, and Engie has bought electric charging company EVBox. It’s worth noting that much of this appetite has come from Europe, whereas U.S. oil and gas giants have been more hesitant to drop money into renewables projects. The new fund, VLC Renewables, follows that trend. Vitol and Low Carbon are both based in Europe and the fund’s investments will initially center on that region, though the fund will be based in New Jersey. While Vitol and Low Carbon’s fund will first focus on wind projects both on and offshore, it may later expand in scope and financial commitment. The two companies also said they would invest in projects at different stages of development. Though Vitol made the initial investment, third-party funders may later be able to contribute. “As a major participant in Europe’s power markets and as a significant investor in energy infrastructure worldwide, Vitol is keen to build a portfolio of renewable investments to complement its existing activities,” said Simon Hale, investment director at Vitol, in a statement. The two companies already partnered in February of last year on a £250 million (about $327 million) investment in energy storage and distributed generation in the U.K. Hale said their latest commitment indicates the potential for offshore wind to “create a platform of scale” and Vitol's belief that the company can add value to the industry. “We see that challenge facing electricity markets, and we are also evolving our business model to adapt to this future,” he told Bloomberg. It’s certainly a shift from Vitol’s core business. The company is the world’s largest oil trader and deals in fuels such as crude, gasoline, fuel oil and liquid natural gas. The company says it supplies 3.6 million barrels of crude and other feedstocks to global refiners every day. Though the renewables fund represents a vote of confidence from Vitol after a "challenging year" in 2017, it's not giving up its traditional business. The company also recently announced a partnership with Peabody Energy Corp. to invest a total $20 million in a U.K.-based startup called Arq that developed a technology to turn coal into an oil product. According to the company, its investments value it over $500 million. That partnership was also launched in the name of the diversification. “The oil industry needs this as the energy industry becomes more diversified and competitive with renewables,” said Arq’s founder and CEO Julian McIntyre. Vitol’s Mike Muller, who in June joined the company from Shell, said Arq's technology “provides the opportunity for refiners and fuel customers alike to diversify into a new and cost-effective source of supply." greentechmedia.com

To: Wharf Rat who wrote (1079949)	7/24/2018 1:24:39 PM
From: locogringo	Read Replies (2) \| Respond to of 1578560

The guy is just brilliant!! You freaks are no match for him at all!! Rush just told his audience about this! He turned it around 180 degrees on the DIMMS! TOO FUNNY!! Trump claims Russia is planning to meddle to help DEMOCRATS win the November elections because he has been 'tough' on Putin Trump swings from calling Russian election interference a 'hoax' to predicting it will happen again This time he warns Moscow will side with Democrats because he has been too tough on the Kremlin During last week's post-summit press conference, Vladimir Putin acknowledged that he wanted Trump to win the 2016 election Trump avoided challenging him publicly about his government's meddling *White House has expelled Russian agents, closed Russian diplomatic buildings, hit Russian oligarchs with economic sanctions and attacked Moscow's ally Syria Donald Trump said Tuesday that he believes Russia will work overtime to oppose Republicans in November's midterm congressional elections, despite Vladimir Putin's admisson last week that he wanted Trump to win in 2016. 'I’m very concerned that Russia will be fighting very hard to have an impact on the upcoming Election,' Trump tweeted. 'Based on the fact that no President has been tougher on Russia than me, they will be pushing very hard for the Democrats. They definitely don’t want Trump!' Original Article