Tagged: Energy

Northeast to buy NStar

Northeast Utilities, a Connecticut-based energy supplier, announced that it will purchase Boston-based NStar for $4.3 billion in stock. The merger will form a company with 3.5 million electric and gas customers in Massachusetts, Connecticut, and southern New Hampshire. SMG finance lecturer and an energy risk-management expert Mark Williams comments on the deal. “Northeast Utlilities announcement to […]

Shake-up at BP

Just days before he will become BP’s new CEO, Bob Dudley has already begun to shake-up senior management. BP announced that upstream chief Andy Inglis will leave the company. In a statement, BP also announced that the company will create a safety division to “oversee and audit the company’s operations around the world.” Kenneth Freeman, […]

Americans and oil

A new poll reports reports that Americans are “deeply concerned” about energy but “unwilling to pay higher gasoline prices to help develop new fuel sources.”  Professor Cutler Cleveland, director of the Center for Energy and Environmental Studies, says this attitude defies our experience since 1970 as we’ve gone to war over oil, experienced major oil […]

Copenhagen boycott ended

Poor nations ended their boycott of the global environment talks in Copenhagen on being assured rich countries aren’t softening their commitments to cutting greenhouse gases.  Professor Adil Najam, director of the Pardee Center for the Study of the Longer-Range Future, is with a delegation of BU students at the Copenhagen talks.  Najam, an author of […]

“Hidden” costs of energy

The National Academy of Sciences’ National Research Council reports that there’s about $120 billion in “hidden costs” – including environmental and public health damage — from energy production and consumption every year.  Professor Ian Sue Wing of the BU Center for Energy and Environmental Studies was a member of the NRC committee which conducted the study. […]