Despite Tesla Motors CEO Elon Musk's assertion that there won't be a recall of the company's electric Model S sedan after three recent fires, federal regulators will have the final say, Bloomberg reports.
Public high-voltage electric vehicle charger networks are expanding nationwide, but the price remains higher than the price of home charging and is often more expensive per mile than average gasoline prices, The New York Times reports.
DETROIT (AP) — Investors in the Tesla electric car company stemmed the bleeding a bit Friday. But it was still an abysmal few days, marred by another fire in a Model S and earnings results that many found disappointing.
Energy Department officials failed to acknowledge during an audit this summer that they knew government-backed electric car charger company Ecotality was headed into difficulty, Inspector General Gregory H. Friedman said Tuesday.
San Francisco-based Ecotality in August publicly disclosed that it was running out of cash and would not meet the terms of a $115 million charger installation and data project funded by the 2009 economic stimulus law. The company declared bankruptcy in September.
Before it failed, the company installed all of the residential chargers and 4,000 of the 5,000 commercial chargers it was supposed to.
Friedman said in a report that the department knew as early as May that Ecotality would not meet its installation goals, which prompted officials to order the company to explain how it would complete the project. The officials did not tell him about that order, however, when they responded to concerns he raised about the project in July.
Institutional investors handling $24 trillion in assets – more than 340 of them – say leaders attending the U.N. climate summit next week should encourage cleaner energy through carbon taxes or cap-and-trade policies, Reuters reports, and the groups leading the call have elaborated in a report.
The Department of Housing and Urban Development has a $1 billion pot to be split among communities that come up with the best ideas to handle damage from extreme weather in the National Disaster Resilience Competition, E&E reports.
From its present estimate of $5.4 billion, the cost of building the long-delayed Keystone XL pipeline could end up at $10 billion, CEO Russ Girling told The Wall Street Journal in an interview, six years after the company first submitted its permit application for the project.
If Republicans win control of the Senate in November elections, Sen. Mitch McConnell, R-Ky., who’d be in line to become Majority Leader, has promised “the Keystone pipeline will be voted on the floor,” The Hill reports.
Oxfam America has filed suit to force the Securities and Exchange Commission to finish a long-delayed rule that would force mining companies and energy companies to disclose their payments to foreign governments, National Journal reports.
Democratic Sen. Mary Landrieu’s opponent in the tight Louisiana Senate race, Republican Rep. Bill Cassidy, says Landrieu’s support for Rhea Suh to become head of fish, wildlife and parks in the Interior Department – who is now leaving the government to take over the Natural Resources Defense Council – is part of “the mosaic” that suggests the incumbent “carries water for the president but not for us,” E&E reports.
With a push from the strong dollar – trading at a six-year high against the Japanese yen – alongside increasing supplies, oil tumbled Thursday. West Texas Intermediate crude for October delivery dropped $1.35, or 1.4 percent, to $93.07 a barrel on the Nymex, while in London November Brent lost 1.3 percent, or $1.27 to settle at $97.70, Bloomberg reports.
Two studies released this week found that fracking was not responsible for contaminating water in Pennsylvania and Texas, but the jury is still out on a case near Pavillion, Wyo., experts told the Casper Star-Tribune.
With the oil boom in North Dakota straining roads, schools, housing and emergency services, Republicans in the state have come up with a plan to spend $800 million to try and address some of the problems, The Associated Press reports.
Strategies used by manufacturers in the past to defend putting poisonous lead in products are being used by the fossil fuel industry now to derail the fight against climate change, Professors David Rosner and Gerald Markowitz said at an event put on by the Bicameral Task Force on Climate Change, National Journal reports.