A paper published by the Energy Policy Institute at Chicago found that a 2005 California subsidy program aimed at reducing power consumption was successful at cutting usage in low-income areas but had little impact on behavior in wealthier coastal areas, E&E reports.
New efficiency standards being promoted by the Department of Energy would require that rechargeable batteries for devices such as cellphones, laptops and tablets hold their charge longer, cutting energy use by 11 percent, The Hill reports.
A Tesla executive plans to argue at an auto industry conference this week that the government should leave – or perhaps even tighten – its standards for vehicle efficiency, The Wall Street Journal reports.
The Department of Energy has agreed to rework its proposed efficiency standards for walk-in freezers and coolers, according to the Air-Conditioning, Heating and Refrigeration Institute, which says it has reached a settlement with the DOE over the issue, The Hill reports.
An Air Force contract on energy savings that costs $19 million may not be giving the military its money’s worth, according to a report from the Pentagon’s Inspector General, the Air Force Times reports.
NEW YORK (AP) — Home efficiency measures such as installing new windows or replacing insulation deliver such a small fraction of their promised energy savings that they may not save any money over the long run, according to the surprising conclusion of a University of Chicago study.
The study, which used data from a random sample of 30,000 low-income Michigan households that were eligible for an Energy Department home weatherization program, found that the projected energy savings were 2.5 times greater than actual savings. As a result, energy bills didn't decline nearly enough to eventually pay for the initial cost of the upgrades.
New standards for fuel efficiency in trucks -– aimed at cutting back their greenhouse gas emissions -- will be made public Friday by the Environmental Protection Agency and the Department of Transportation, The New York Times reports.
A report commissioned by the Pebble Partnership—conducted fully independently, according to its author, former Defense Secretary William Cohen—says the Environmental Protection Agency did not use the "fairest and most appropriate process" when it ruled against the proposed mining project in Alaska, The Hill reports.
OPEC’s Secretary-General told a London conference Tuesday that investments in oil projects will fall by $130 billion this year, which will mean less production in the future and a return to higher crude prices within two years, The Wall Street Journal reports.
A projection from OPEC’s Secretary General of substantial spending cuts by oil producers around the world sent prices soaring Tuesday. West Texas Intermediate crude for November delivery jumped $2.27, or 4.9 percent, to $48.53 a barrel on the Nymex, while in London, Brent zoomed $2.67, or 5.4 percent, higher to $51.92, Marketwatch reports.
IHS Energy says companies drilling for oil in North America will have much less protection against lower prices in the future: their moves to hedge production in 2016 cover only 11 percent of their production, FuelFix reports.
Arthur McDonald, who, alongside Takaaki Kajita, won the Nobel prize for physics Tuesday for his work with neutrinos, says the processes his team observed on the Sun “are very similar to the processes people are investigating on Earth to develop nuclear fusion reactors,” The Financial Times reports.
ValueAct Capital Management—an activist investor known for aggressively pushing management to boost shareholder value—said in a regulatory filing that it intends to bring a number of issues up with the management and board of oil field services company Baker Hughes, FuelFix reports.
A study by two economists for the Nevada Policy Research Institute found that NV Energy’s proposed new natural gas-fired plant would cost customers money and be a drag on the state’s economy, the Las Vegas Review-Journal reports.