These are some of the stories we’ve been following this week.
- U.S. shale oil and gas production has dipped significantly as oil prices have fallen. However, some experts believe the industry may have reached bottom and will begin increasing production again soon.
- A water treatment plant, set up in response to the Gold King Mine contamination, recently leaked contaminants into the nearby river. The leak was not large enough to be a danger to drinking water.
- A hearing on the Duke Energy coal ash settlement was delayed so the utility and the North Carolina Department of Environmental Quality could continue negotiating fines levied against Duke Energy over its role in the coal ash spill.
- Startups in India are looking for new ways to raise capital.
- The Environmental Protection Agency stated that earthquakes in north Texas could be caused by hydraulic fracturing operations.
- A resident in East Chicago is suing the mayor and the city over high levels of lead and arsenic found around her home. The contamination is located around the West Calumet Housing Project, and officials are working to relocate residents.
- The U.S. State Department has put a temporary stop on EB-1 visa applications from China and India. The visas have been in high demand, and countries are allowed to receive only seven percent of the approximately 40,000 EB-1 visas available every year. Both China and India have reached their limit.
- In the first month since the “Brexit” vote, in which Great Britain voted to leave the European Union, house prices dipped only slightly. Some economists had expected a large drop following the vote.
- For the first time in months, existing home sales declined in the United States.
- Real estate agents in Fresno, California are warning clients that the area’s water is possibly contaminated. Residents are worried the potential contamination will hurt their chances of selling their homes in the future.
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