In what’s become a larger-than-life drama, natural gas is the energy growth engine for the next 20 years, and hydraulic fracturing in North America is the driver, according to ExxonMobil’s Paul Greenwood, vice president for Americas gas marketing, in keynote remarks at a gas industry meeting in Los Angeles Tuesday.
Drama
Articles from Drama
Proxy Firms Recommend El Paso Fire Auditor, Replace CFO
El Paso Corp.’s annual shareholder meeting on Thursday in Houston may not have the drama of last year’s meeting, but it’s up in the air whether shareholders follow the advice of two major proxy advisory firms, which are recommending shareholders fire the company’s auditor, replace the chief financial officer, and withhold votes for some of the directors.
Portland General Electric Fights Off Stigma Left by Enron
While the Chapter 11 Enron Corp. bankruptcy drama with tens of billions of dollar at stake ever-so slowly unfolds in a New York City bankruptcy court, in the Pacific Northwest Portland General Electric (PGE), the only utility owned by Enron, operates with solid financial footing, but an increasingly shaky political foundation that is testing the $2 billion utility’s mettle. PGE has reached out to state lawmakers in an attempt to hold off city officials who are trying to force a municipal takeover of the utility.