financetom
Business
financetom
/
Business
/
Market Chatter: Google to Rework $200 Million Chile Data Center Project Amid Environmental Concerns
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: Google to Rework $200 Million Chile Data Center Project Amid Environmental Concerns
Sep 17, 2024 8:13 AM

10:58 AM EDT, 09/17/2024 (MT Newswires) -- Alphabet's (GOOG, GOOGL) Google ( GOOG ) will go back to the drawing board regarding plans to construct a $200 million data center in Chile's capital, which have sparked environment concerns, Reuters reported Tuesday.

Google ( GOOG ) "will not continue with the process of requesting permits for the project to install a data center in the Cerrillos neighborhood, as originally submitted and approved in 2020," the report quoted the company as having informed Chile's environmental regulator.

"In due course, a new process will begin from scratch for a project that will use air-cooled technology at this very location," the company said in a statement, according to the report.

The project has sparked worries among residents and local officials over the possible impact on Santiago's aquifer, as the data servers will require huge volumes of water for cooling, the report said.

Google ( GOOG ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 161.22, Change: +2.23, Percent Change: +1.40

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Alkermes Says Potential Narcolepsy Drug Improves Wakefulness in Phase 1b Study
Alkermes Says Potential Narcolepsy Drug Improves Wakefulness in Phase 1b Study
Apr 9, 2024
08:49 AM EDT, 04/09/2024 (MT Newswires) -- Alkermes ( ALKS ) said Tuesday that its phase 1b study of ALKS 2680, a once-daily potential treatment for narcolepsy, showed enhanced wakefulness in patients with narcolepsy type 2 and idiopathic hypersomnia. ALKS 2680 showed clinically meaningful and statistically significant improvements in mean sleep latency compared with placebo across all doses tested in...
Pfizer's RSV Vaccine Meets Primary Endpoints in Study of Participants Under 60 Years; Seeks Expanded Access
Pfizer's RSV Vaccine Meets Primary Endpoints in Study of Participants Under 60 Years; Seeks Expanded Access
Apr 9, 2024
08:49 AM EDT, 04/09/2024 (MT Newswires) -- Pfizer ( PFE ) said key data from an ongoing phase 3 clinical trial of its Abrysvo vaccine, which the pharmaceutical giant is developing for the treatment of respiratory syncytial virus, or RSV, met endpoints and it's going to seek wider access for the shot. The study evaluating a single dose of the...
Oil Prices Steady Early Tuesday as Geopolitical Concerns Ease Amid Tight Supply
Oil Prices Steady Early Tuesday as Geopolitical Concerns Ease Amid Tight Supply
Apr 9, 2024
08:45 AM EDT, 04/09/2024 (MT Newswires) -- Oil prices were mostly steady early on Tuesday following two losing sessions as supply remains tight even as Middle East tensions ease slightly. West Texas Intermediate crude for May delivery was last seen down US$0.16 to US$86.27 per barrel. while June Brent crude, the global benchmark, was up US$0.02 to US$90.40. The geopolitical...
Sector Update: Consumer
Sector Update: Consumer
Apr 9, 2024
08:48 AM EDT, 04/09/2024 (MT Newswires) -- Consumer stocks were edging higher premarket Tuesday, with the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund (XLY) each slightly higher recently. Norwegian Cruise Line Holdings ( NCLH ) was 0.2% higher after it disclosed a new order for eight ships to be built by Italy's Fincantieri,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved