These are some of the stories we’ve been following this week.
- BP continues to cut its global workforce as oil prices continue to plummet. The price of oil has dropped 75% in the last 18 months, reaching a 12-year low of about $30 a barrel.
Coal ash impoundment, courtesy of USFWS/Steven Alexander, CC BY 2.0.
- Two Kentucky utility companies will spend millions closing coal ash ponds throughout the state to meet federal environmental requirements.
- A Los Angeles City Council member wants SoCalGas to relocate other residents who might be affected by the massive methane leak affecting the Porter Ranch community. He submitted a motion in court requesting the utility company move people from three additional neighborhoods.
- Canada might have just experienced the world’s largest earthquake caused by fracking. On January 12, a magnitude 4.8 quake was reported near fracking operations in northern Alberta.
- Oklahoma residents have sued a dozen companies they allege caused earthquakes with their wastewater disposal wells associated with hydraulic fracturing practices.
- The National Law Review debunked five common misconceptions about the EB-5 Immigrant Investor Program.
- These unique maps give a new perspective on differing property values across the country.
- A Wisconsin mall was over-assessed in property value by $6 million in 2009. The City of Racine and other tax authorities will have to refund $432,000 in taxes.
- A majority of real estate agents surveyed expect Dubai property values to dip this year.
- RealtyTrac has reported that 2015 annual total foreclosure filings for U.S. properties were the lowest since 2006. It was the second consecutive year with an annual foreclosure rate less than 1% of all U.S. housing units.
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