Cohen Says Trump Stayed Involved in Moscow Tower Project During Campaign

Michael Cohen told special counsel Robert Mueller he lied to Congress to play down President Trump’s involvement during the 2016 campaign in efforts to build a Trump Tower in Moscow, raising the pressure on his former boss as investigators probe his business relationship with Russia. In a surprise court hearing Thursday, Mr. Cohen pleaded guilty…

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The only nuclear power project in the U.S. ponders its fate

Owners of a troubled, over-budget nuclear power project in Georgia will decide today whether to cancel the ongoing construction of two new reactors. Why it matters: The expansion of Southern Company’s Vogtle site is the only nuclear power project underway in the country. Its demise would be a major blow to the industry that has…

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French energy giant Total quits lucrative Iran gas project

French energy giant Total confirmed it is withdrawing from a multibillion-dollar gas project in Iran after it failed to obtain a waiver from US sanctions. Total signed a deal worth $4.8bn in July 2017 to develop a field off Iran’s southern coast as the lead partner alongside the China National Petroleum Corporation (CNPC) and Iran’s Petropars.…

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WPP to Be Anchor Tenant for New Toronto Waterfront Project

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South Carolina Fights U.S. Plan to Abandon Nuclear Project Employing 1,800

The U.S. Energy Department says it is spending $1.2 million a day on a partially built South Carolina nuclear facility that it wants to abandon due to soaring costs. Congress has continued funding construction of the plant, which would be used to dispose of surplus weapons-grade plutonium, despite a series of reviews casting doubt on…

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Petronas Nears Deal to Invest in $31 Billion Canada Project

Malaysia’s Petroliam Nasional Bhd. agreed to take a 25 percent stake in a proposed liquefied natural gas project in Canada led by Royal Dutch Shell Plc, marking one of the strongest signals yet that the long-awaited facility will actually be built. The Canadian unit of Shell will hold a 40 percent stake, while subsidiaries of…

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Canada Is Likely to Buy Full Trans Mountain Pipeline Project

Canada is likely to buy Kinder Morgan Canada Ltd.’s Trans Mountain oil pipeline and its controversial expansion project in a bid to ensure it gets built amid fierce opposition, according to a person familiar with the talks. Buying the pipeline outright has become increasingly likely and is now the most probable option for the Canadian…

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Kushners, Needing Funds for N.J. Project, Got Web-Lender Loan

The company owned by the family of presidential son-in-law Jared Kushner says Jersey City, New Jersey, a Democratic stronghold, is blocking its plan to build two towers because of politics and hinted a lawsuit is possible. Behind the fight there’s another struggle: paying for the project. The Kushners obtained temporary funds from a web-based lender…

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