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Governors' Wind Energy Coalition How an Oil Company Becomes a Renewables Company Source: By Nathaniel Bullard, Bloomberg • Posted: Thursday, May 6, 2021 Equinor’s first-quarter results illustrate the possibilities—and challenges—lying ahead for businesses trying to get out of the fossil game. Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the same time, some of the majors increased their energy transition commitments: as my Bloomberg Intelligence co...

By Nathaniel Bullard (Bloomberg) — Last week a raft of oil majors released their first-quarter results, with companies like Royal Dutch Shell Plc showing a return to pre-pandemic profit levels. At the same time, some of the majors increased their energy transition commitments: as my Bloomberg Intelligence colleagues Salih Yilmaz and Will Hares noted on Twitter, Spanish firm Repsol SA devoted 40% of its capital expenditure to low-carbon projects, and France’s Total SE stated plans to increase its renewable energy capacity five-fold over the next four years. There are energy-transitio...

Mumbai: India has been ordered to return $1.2 billion to Cairn Energy Plc after administration lost arbitration proceedings in a tax dispute. An international arbitration tribunal ruled that the tax claim was not a valid demand and asked the government to repay the funds withheld along with interest to Cairn, people with knowledge of the matter said, asking not to be identified citing rules on speaking to the media. India had seized dividend, tax refund and sale of shares due to the Scottish oil explorer to partly recover the dues. India can appeal. A spokeswoman for the tax department did no...

by Bloomberg |Wednesday, December 23, 2020 India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi's administration lost arbitration proceedings in a tax dispute. (Bloomberg) -- India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi’s administration lost arbitration proceedings in a tax dispute, its second defeat since September over such levies. An international arbitration tribunal ruled that India’s tax claim was not valid and asked the government to repay the funds, along with interes...

India Asked To Pay $1.2 Billion To Cairn After Arbitration Loss An international arbitration tribunal ruled that the tax claim was not a valid demand and asked the government to repay the funds withheld along with interest to Cairn. Updated: December 23, 2020 3:05 pm IST Cairn Energy surged as much as 45% in early London trading, its biggest intraday gain in almost 17 years. India has been ordered to return over $1.2 billion to Cairn Energy Plc after Prime Minister Narendra Modi's administration lost arbitration proceedings in a tax dispute, its second defeat over levies. An international...