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Treasury fines ExxonMobil $2 million for violating Russia sanctions while Tillerson was CEO

Treasury fines Exxon Mobil for violating Russia sanctionsThe Treasury Department said Thursday it is fining Exxon Mobil Corp. $2 million for violating sanctions related to Russia in 2014, when Secretary of State Rex Tillerson was CEO of the company.

In May of that year, the presidents of Exxon Mobil's U.S. subsidiaries signed eight legal documents related to oil and gas projects in Russia with Igor Sechin, head of Russian oil giant Rosneft, the Treasury said. Sechin had personally been sanctioned by Treasury's Office of Foreign Assets Control following Russia's incursion into Ukraine.

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Feds Suspect Russians Behind Cyber-Attacks on Power Plants

Wolf Creek Nuclear PlantRussia is suspected to be behind recent hacker intrusions at American power plants, including at least one nuclear facility, two U.S. officials told NBC News.

Investigators cannot definitively pin the new probing attacks, which did not affect plant controls, on Moscow. They haven't ruled out the possibility some other country's hackers, mimicking the Russians, are responsible for the breaches, the officials said.

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Panda Power: China just built a solar farm shaped like a giant panda

Panda Power in ChinaLast week, Panda Green Energy Group Limited flipped the switch on the world’s most adorable solar panel facility.

The group announced last Friday that its Panda Power Plant was officially connected to the grid in Datong Shanxi, China. While a photo of the plant has been difficult to find, a past artist rendering shows panels in the shape of a bright-eyed, smiling Giant Panda. (Po, from Kung Fu Panda, is that you?)

The design of the plant was possible using black single crystalline silicon solar cells from a Chinese company and white thin-film solar cells supplied by First Solar in the U.S.

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Energy giants seek role in Qatar's gas expansion

Energy giants wamt share of Qatar gasThree of the West's biggest energy corporations are lobbying Qatar to take part in a huge expansion of its gas production, handing Doha an unintended but timely boost in the Gulf dispute.

The chief executives of ExxonMobil, Royal Dutch Shell and France's Total all met Qatar's Emir Sheikh Tamim bin Hamad Al Thani in Doha before it announced a plan on Tuesday to raise output of liquefied natural gas (LNG) by 30 percent.

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U.S. labor report, Paris decision backlash send oil prices lower

Oil prices fall after paris accord withdrawalPerceived weakness on the margins of the U.S. labor sector and the reaction to the U.S. exit from the Paris climate deal hammered crude oil prices early Friday.

U.S. President Donald Trump announced Thursday afternoon his country would start the process of leaving the Paris climate accord, or possibly reconfigure commitments to the agreement. The president said the international agreement put the U.S. economy, the world's largest, at a disadvantage, leaving "taxpayers to absorb the cost in terms of lost jobs, lower wages, shuttered factories, and vastly diminished economic production."

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Three Mile Island nuclear plant will close in 2 years, owner says

three mile island nuclear plant to close in 2019The owner of Three Mile Island, site of the United States' worst commercial nuclear power accident, says it will shut down the plant in 2019 without a financial rescue from Pennsylvania.

Exelon Corp. said Monday's announcement comes after five years of losses on the power plant and its recent failure in an auction to sell Three Mile Island's power into the regional grid.

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Tunnel collapses at Hanford Nuclear Reservation; no radiation released

Tunnel Collapse at Hanford Nuclear reservationHundreds of workers were told to take cover at the Hanford Nuclear Reservation after a tunnel full of highly contaminated materials collapsed Tuesday. But officials say no radiation was released, and no workers were hurt.

Officials say a collapsed patch of ground above the tunnel was larger than first believed. The U.S. Department of Energy said the collapse covered about 400 square feet (37.1 square meters) instead of the 16 square feet (1.4 square meters) first reported.

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