Tag Archives: Risk

UPDATE 1-Hong Kong protest leaders urge turnout for march, despite risk of arrest

UPDATE 1-Hong Kong protest leaders urge turnout for march, despite risk of arrestPro-democracy leaders called on Hong Kong’s citizens to join a Sunday anti-government march in spite of the risk of arrest, after police banned the rally which is seen as a test of the protest movement’s strength following months of unrest. Police declared the march illegal on Friday, citing concerns over public safety, and a court on Saturday said the destination of the march – the main railway interchange with mainland China – could be attacked and vandalised. Hardcore protesters have in recent weeks targeted mainland Chinese businesses, daubing them in graffiti and at times setting fires, while mainland Chinese living in Hong Kong have begun to express fears for their own safety.



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Hong Kong protest leaders urge turnout for march, despite risk of arrest

Hong Kong protest leaders urge turnout for march, despite risk of arrestPro-democracy leaders called on Hong Kong’s citizens to join a Sunday anti-government march in spite of the risk of arrest, after police banned the rally which is seen as a test of the protest movement’s strength following months of unrest. Police declared the march illegal on Friday, citing concerns over public safety, and a court on Saturday said the destination of the march – the main railway interchange with mainland China – could be attacked and vandalized. Hardcore protesters have in recent weeks targeted mainland Chinese businesses, daubing them in graffiti and at times setting fires, while mainland Chinese living in Hong Kong have begun to express fears for their own safety.



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Elizabeth Warren’s Fracking Proposal Has Shale Investors Weighing E&P Risk

Elizabeth Warren’s Fracking Proposal Has Shale Investors Weighing E&P Risk(Bloomberg) — The prospect of Elizabeth Warren becoming the 2020 Democratic presidential nominee, or the 46th president of the U.S., has energy investors worrying about risks to hydraulic fracturing.“What happens if Elizabeth Warren becomes president and bans fraccing?” was the most common question Sanford C. Bernstein received during recent marketing, analysts led by Bob Brackett said in note Tuesday. They don’t currently have a good answer.Concern on Wall Street has been rising along with Warren’s poll numbers, with sectors such as financials, health care and industrials as well as energy identified among those at risk from her policy proposals.In early September, Warren tweeted that she would ban fracking “everywhere” if she becomes president:READ MORE: The 2020 Democrats Agree on 7 Ways to Fight Climate ChangeThe former part of Warren’s plan would have a modest longer-term impact given the “mature state” of areas such as onshore Alaska or the federal Gulf of Mexico, according to Bernstein. However, a fracking ban would offer “much more immediate consequences,” and be “incredibly bullish for both global oil prices and U.S. natural gas prices.”Federal leasing changes could have the most impact on shale drillers such as EOG Resources Inc. and Devon Energy Corp., Brackett said. Kosmos Energy, Hess Corp., Apache Corp. and ConocoPhillips may have little to worry about from a fracking ban, however.Still, any impact from a Warren win may be short-lived. “We have a government with checks and balances,” Brackett noted, pointing to processes which have caused executive orders to be moderated. He also highlighted the ability of E&Ps to re-allocate capital to mitigate effects.And, as RBC Capital Markets wrote earlier this week, most of the sectors seen to be at high risk “are already deeply undervalued versus the broader market.”Canada ImplicationsThere may also be some beneficiaries. UBS analyst Lloyd Byrne recently identified Canadian producers such as Canadian Natural Resources Ltd. and Suncor Energy Inc. as likely to gain from curbs on drilling in U.S. federal acreage.Though at least one investment bank isn’t so certain Canada’s oil-patch will benefit from a Warren victory, given her and fellow presidential candidate Bernie Sanders haven’t been so friendly on their stance for pipeline projects. Energy investment bank Tudor Pickering Holt & Co. cited Warren’s opposition to Enbridge Inc.’s Line 3 oil pipeline replacement and expansion project, along with the mention of permits being revoked for TC Energy Corp.’s long-delayed Keystone XL oil pipeline.Also, Sanders is opposed to Enbridge’s Line 5 pipeline. “We’d caution the enthusiasm,” analysts from Tudor told clients in a note Wednesday.(Updates section on Canadian energy impact, adds tweet)To contact the reporter on this story: Michael Bellusci in Toronto at mbellusci2@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Morwenna Coniam, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



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Lights out? PG&E plans to shut off power for more than 800K customers in California to reduce wildfire risk

Lights out? PG&E plans to shut off power for more than 800K customers in California to reduce wildfire riskPacific Gas & Electric and Southern California Edison may shut off power for nearly a million customers in an effort to prevent wildfires.



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California wildfire risk prompts planned mass cutoff of PG&E power

California wildfire risk prompts planned mass cutoff of PG&E powerNearly 800,000 California homes and businesses can expect to lose electricity for up to several days from Wednesday, in a planned PG&E power shutdown of unprecedented scale due to heightened wildfire risks from high winds, the utility said. Pacific Gas & Electric Co, a unit of PG&E Corp, said on Tuesday it was extending a previously announced “public safety power shutoff” to 34 counties in northern and central California, marking the largest such precautionary outage the utility has undertaken to date. Power will be turned off to communities in stages, starting in northern California, just after 12:01 a.m. Wednesday, depending on the timing of high-wind conditions locally, PG&E said in a statement.



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John Bolton's firing frees Trump to tear up his Iran policy, and pursue an unprecedented meeting with its president — at the risk of angering his hardline backers

John Bolton's firing frees Trump to tear up his Iran policy, and pursue an unprecedented meeting with its president — at the risk of angering his hardline backersWith John Bolton out, Trump could pursue a meeting with Iran's Hassan Rouhani. But this could anger some of his supporters, like Israel allies.



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Top Biden backer warns he’s at risk of losing New Hampshire

Top Biden backer warns he’s at risk of losing New HampshireThe lion of the state Senate gives some blunt advice to the Democratic frontrunner.



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Cracks in Saudi-UAE coalition risk new war in Yemen

Cracks in Saudi-UAE coalition risk new war in YemenFighting between their allies in southern Yemen has opened a gaping wound in Saudi Arabia and the United Arab Emirates’ coalition against the country’s rebels. Last week saw a stunning escalation in the turmoil in the south, as Emirati warplanes blasted fighters loyal to Yemen’s internationally recognized president, Abed Rabbo Mansour Hadi — the man the coalition is supposed to be trying to restore to power.



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Risk of clashes at rally mobilizes Portland, Oregon, police

Risk of clashes at rally mobilizes Portland, Oregon, policePortland police are mobilizing to prevent clashes between out-of-state far-right groups planning a rally here and the homegrown anti-fascists who oppose them as America’s culture wars seep into this progressive haven. Saturday’s rally — and the violence it may bring — are a relatively new reality here, as an informal coalition of white nationalists, white supremacists and extreme-right militias hones its focus on Oregon’s largest city as a stand-in for everything it feels is wrong with the U.S. At the top of that list are the masked and black-clad anti-fascists who turn out to violently oppose right-wing demonstrators as soon as they set foot in town. “It’s Portlandia, and in the public mind it represents everything these (far-right) groups are against,” said Heidi Beirich, director of the Intelligence Project at the Southern Poverty Law Center, which tracks hate groups.



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REFILE-UPDATE 1-UK's May says greater risk of no Brexit the longer it takes to find compromise

REFILE-UPDATE 1-UK's May says greater risk of no Brexit the longer it takes to find compromiseBritish Prime Minister Theresa May said on Saturday that the longer it takes to find a compromise with the opposition Labour Party to secure a parliamentary majority for a Brexit deal, the less likely it is that Britain will leave the European Union. May has so far failed to secure backing for her negotiated agreement with Brussels as some Conservative lawmakers and Northern Ireland’s Democratic Unionist Party, which props up her minority government, have voted it down. “The fact is that on Brexit there are areas where the two main parties agree: we both want to end free movement, we both want to leave with a good deal, and we both want to protect jobs,” May said in comments released by her Downing Street office.



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