One Super Bad Day For Fossil Fuels: Siemens Cuts Workforce, Keystone Oil Pipeline Leaks
Fossil fuel stakeholders got a double dose of bad news yesterday. In the morning Siemens announced it would drop thousands from its power and gas operations, partly due to a drop in demand for oil and gas turbines. Around the same time, TransCanada sent out word that its that Keystone tar sands oil pipeline sprang an underground leak in South Dakota.