Fiona Harvey The Source: Energy investment hit; cap-and-trade; oil price rises above $58; a natural gas crisis looming

On Energy Source today:

The credit crunch hits energy companies’ investment, and the fight against climate change

US carbon cap-and-trade – more data on its effects

Devon Reports Net Loss of $4bn in First Quarter

Areva’s Finnish nuclear power plant carries on

Elsewhere:

Oil Rises Above $58 on Speculation That Bank Crisis Is Ending (Bloomberg)

Weathering the storm: making it through a natural-gas crisis (The Oil Drum)

Interest in Enel Green Power stake sale (Reuters)

Centrica, EDF Curb Credit as Corporate Failures Mount (Bloomberg)

Philippines’ Galoc field halts output due to typhoon (Reuters)