• Russia’s government denounced projects led by Exxon Mobil and Royal Dutch Shell for breaching environmental rules, as President Vladimir Putin seeks tighter control of the oil and gas industry.
• Shares of Drax, owner of Britain’s largest electricity plant, had their biggest ever two-day drop after Goldman Sachs said earnings may decline and added the stock to a list of strong sells.
• Alkane Energy, a UK producer of electricity from biogas and coal mine methane, narrowed its loss in the first half after the company opened new plants and electricity prices rose.
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