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Energy, most read: Golden Pass LNG project gets positive draft EIS; SunEdison shares sink to new low

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Energy, most read: Golden Pass LNG project gets positive draft EIS; SunEdison shares sink to new low

SNL Energy presents the most readstories for the week ended April 1.

1. Golden PassLNG export project gets positive draft EIS from FERC

FERC staff issued a positive draft environmental impact statementfor the Golden Pass LNG export project in Jefferson County, Texas, on March 25."We conclude that, if constructed and operated in accordance with applicablelaws and regulations, Golden Pass' proposed mitigation, and our recommendationspresented … the project would result in some adverse environmental impact; however,those impacts would not be significant," stated the draft environmental impactstatement, or EIS.

2. SunEdison sharessink to new low after yieldco warns of bankruptcy

SunEdison Inc.shares sank to a 52-week low on March 29 after it was reported the SEC is investigatingthe company's cash disclosures and an affiliate warned that the project developercould be headed for bankruptcy. The one-two punch drove SunEdison'sstock price down 60% to 50 cents per share at 11:30 a.m. ET on March 29. The company'sunsecured convertible notes that mature in 2020 were trading for about 4 cents onthe dollar, according to S&P Global Market Intelligence.

3. Climate activistslook past Clean Power Plan in tussle with wounded coal sector

Before the Clean Power Plan even has a chance to inflict fulldamage on the woundedcoal sector, activists intent on moving past fossil fuels are setting goals beyondthe federal carbon plan. Bruce Nilles, senior director of the SierraClub's Beyond Coal campaign, is aiming for zero generation of electricity from fossilfuels by 2030.

4. Attorneys generalvow to investigate companies over climate disclosures

A coalition of attorneys general from 19 states and the U.S.Virgin Islands have pledged to work together to combat climate change, includingby potentially investigating whether fossil fuel producers have misled investorson climate-related investment and planning impacts.

5. Q2'16 internationalcoking coal benchmark reverses course to settle higher

Driven in part by the foreign currency exchange market, the second-quarter2016 international coking coal benchmark reversed course after falling for six consecutivequarters to rise in line with analyst expectations. Doyle Trading Consultantsconfirmed the settlement between AngloAmerican Plc and NipponSteel & Sumitomo Metal Corp.