President Barack Obama on Friday will urge Congress to act on his proposed $2 billion, 10-year Energy Security Trust to pay for clean energy transportation research, administration officials said.
At a speech planned at Argonne National Laboratory in suburban Chicago, Obama is to pitch the trust as a way to decrease consumer reliance on oil and ease the volatility of pump prices, the officials told reporters on condition of anonymity. The trust would be funded by new revenues from offshore oil and gas development.
Tesla Motors Inc., an electric carmaker which received $465 million in Energy Department loans, said the department approved its plan to repay its loans by 2017, five years ahead of schedule, Bloomberg reports.
WASHINGTON (AP) — Democratic Sen. Carl Levin of Michigan says he will not seek re-election in 2014. He says he wants to do his job as Senate Armed Services chairman and as an advocate for his home state "without the distraction of campaigning for re-election."
WASHINGTON (AP) — Firefighters and mechanics tried repeatedly to put out a battery fire aboard a Boeing 787 Dreamliner through smoke so thick they couldn't see the battery, according to documents released Thursday that portray the incident as more serious than previously described.
TOKYO (AP) — After four tumultuous years bookended by an unprecedented recall crisis and a return to the top of the global auto industry, Akio Toyoda is refashioning Toyota Motor Corp. into a leaner company that's more imbued with the venture spirit of founder Kiichiro Toyoda, his grandfather.
Zhejiang Geely Holding Group Co., owner of Volvo Car Corp., called on the Chinese government to expand subsidies for hybrid vehicles to meet its targets to expand electric vehicle use, Bloomberg reports.
Attorneys general in four Northeastern states announced they would petition the Nuclear Regulatory Commission for a new review of regulations governing nuclear waste storage, The Associated Press reports.
A panel of infrastructure experts in New Jersey criticized Gov. Chris Christie for remarks that suggested there was no evidence of a link between climate change and Hurricane Sandy, E&E Publishing reports.