Walter Energy Inc. has announced an acquisition proposal and exclusivity agreement with Western Coal Corp. It has also agreed to acquire a 19.8% stake in Western Coal from Audley Capital.
Williams has acquired 85,800 acres of core Bakken shale from private owners for US$ 925 million, and expects to invest a further US$ 300 million developing the assets.
The head of the Australian Geothermal Energy Association has called for more funding for the geothermal industry in line with the grants received by the solar and clean coal industry.
The UK is on target to meet its target of deriving 15% of its generated power from renewable sources by 2020 according to a report by The National Grid.