June 11 (Reuters) – As the U.S. Environmental Protection
Agency rolls out tough new rules designed to slash power plant
emissions, Consol Energy Inc is showcasing its
transformation from a coal miner to a producer of
cleaner-burning natural gas.
Founded when Abraham Lincoln was president, Consol was once
one of the world’s largest coal producers, with a niche natural
gas operation. Last year it sold five large coal mines to Murray
Energy Corp as part of a plan to flip that dynamic on its head.
June 10 (Reuters) – Chevron Corp plans to nearly
double its donation to Nigerian social projects over the next
five years, part of a choreographed plan to improve the local
economy and bolster the company’s supply chain in the African
country, its second-largest source of crude oil.
Chevron is donating $40 million to the Niger Delta
Partnership Initiative (NDPI), a nonprofit it helped form in
2010 with $50 million in seed money. The second round of funding
will make NDPI the largest recipient of Chevron donations in the
company’s history, executives said.