SWARTHMORE, Pa. (AP) — Student activists at more than 200 colleges are trying a new tactic in hopes of slowing the pace of climate change: They are asking their schools to stop investing in fossil fuel companies
Electric car maker Tesla on Wednesday repaid the remaining balance on its $465 million Energy Department loan, the company and Secretary Ernest Moniz announced.
Moniz said in a statement that the $451.8 million repayment, made nine years early, "is the latest indication that the Energy Department’s portfolio of more than 30 loans is delivering big results for the American economy while costing far less than anticipated."
Tesla last week announced a stock and debt offering that it said would raise money to pay off the 2010 loan.
Tesla CEO Elon Musk praised Congress and the Obama administration for the loan made through the Advanced Technology Vehicle Manufacturing program, which was funded by the 2009 stimulus law. He also thanked American taxpayers. "I hope we did you proud," he said.
BEIJING (AP) — China's new leader Xi Jinping will confer with President Barack Obama next month in California, months earlier than expected, as both sides seek to stem a drift in relations, troubled by issues from cyberspying to North Korea.
A new report from the Congressional Budget Office said a carbon tax could bring in significant revenues and help reverse climate change at the cost of higher prices and lower incomes, The Hill reports.
The House Appropriations Committee proposed giving $24.3 billion to the subcommittee that finances the Interior Department, EPA and similar agencies, an 18-percent cut from fiscal 2013 levels, E&E News reports.
Senate Energy and Natural Resources Chairman Ron Wyden, D-Ore., and Ranking Member Lisa Murkowski, R-Alaska, called on the Forest Service to drop its plans to withhold funds from rural timber communities.