A Los Angeles-based husband-wife independent filmmaking team said Tuesday they have exceeded their fundraising goal and will continue with production of a pro-hydraulic fracturing (fracking) documentary film, FrackNation, to combat an upcoming sequel to the Oscar-nominated anti-fracking film Gasland by activist Josh Fox. The couple, however, will continue to fundraise for their project, they said.
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Linda Lay Says Husband Committed No Crimes
The widow of Enron Corp. founder Kenneth Lay stated in a court filing in Houston Friday that her husband never committed any crimes, and she is entitled to keep all of the property and money that the government is seeking from his estate.
Diversification Leads Moody’s to Cut Peoples’ Ratings
Citing concerns about increased leverage and business risk associated with the company’s diversification strategy, Moody’s Investors Service on Monday downgraded the ratings of Peoples Energy Corp. and the long-term ratings of the securities issued by its utility subsidiaries, Peoples Gas Light and Coke Co. and North Shore Gas Co. The ratings agency added that the rating outlooks are negative. The utilities’ short-term ratings were not under review.