NEW YORK (AP) — General Electric Co. posted strong third quarter results, issued an upbeat forecast for the fourth quarter and said U.S. industrial activity is at its highest level since the financial crisis.
CEO Jeff Immelt said there is uncertainty in the global economy, but that nations around the world are still going ahead with large infrastructure projects and companies are buying equipment.
A bill aimed at blocking Tesla Motors Inc. from making direct sales to customers in Michigan has cleared the state's legislature, and its fate now lies with Republican Gov. Rick Snyder who can deliberate until Oct. 21, Automotive News reports.
The European Commission approved a two-year delay of deadlines for its green energy funding program, allowing participants more time to make final decisions on renewable investment and implementation but likely delaying already-approved projects including Europe's first commercial carbon capture project, Reuters reports.
The International Civil Aviation Organization is considering a new set of safety recommendations aimed at limiting fire risks from plane shipments of lithium batteries, though officials wouldn't detail specifics to The Wall Street Journal. The decision-making arm of the organization will discuss the plans later this month.
The International Energy Agency said renewable energy will lead the way to meet surging power demand in Africa, projecting renewable energy and hydropower will supply close to half of the continent's power by 2040, Bloomberg reports.
Investors looking for better dividend payments are starting to put money into yieldcos – spinoffs of alternative energy companies that own assets like solar farms and wind farms, Reuters reports, noting that more than 900 actively managed mutual funds now have some of the shares in their portfolios.
Comments from Saudi oil minister Ali al-Naimi that OPEC would not cut production “whatever the price is,” triggered a fresh slide Monday. U.S. benchmark crude dropped 3.3 percent, or $1.87, to $55.26 a barrel on the Nymex, while in London Brent fell 2 percent to $60.11, Reuters reports.
Energy Secretary Ernest Moniz should not support legislation introduced by Sen. John Hoeven, R-N.D., to speed up approvals of LNG exports, a coalition of 114 environmental groups said in a letter Monday, The Hill reports.
For illegal waste disposal and causing a landslide that diverted streams, shale gas driller Vantage Energy Appalachia LLC has been ordered to pay a penalty of $999,900 by the Pennsylvania Department of Environmental Protection, the Pittsburgh Post-Gazette reports.
Arizona Corporation Commissioners didn’t approve, but didn’t object to plans for Arizona Public Service Co. to spend $28.5 million to put free solar on the roofs of 1,500 customers in order to test west-facing solar panels and voltage regulators, The Arizona Republic reports.
With continued mild weather and the fear of frigid cold receding, natural gas prices slumped 31 cents to the lowest level in nearly two years, at $3.144 per million British thermal units, FuelFix reports.
In Wyoming, Republican state Rep. John Patton is introducing legislation to upend a ban on using Next Generation Science Standards, the teaching of climate change science, seeking to leave the matter up to the state Board of Education to decide, National Journal reports.
The sale of Morgan Stanley’s oil trading and storage business to Russian oil giant Rosneft has been scuppered by failure to win approval from U.S. regulators, the companies announced Monday, The Wall Street Journal reports.
Joe Rodota, whose Forward Observer operation has worked environmental issues for years out in California – most recently in support of legislation banning single-use plastic bags – has had an office in Washington D.C. for the past two years, although he declined to tell E&E about his clients there.
Meteorologist Bob Simpson, who died last week aged 102, pushed for establishment of the National Hurricane Center in Miami, helped develop the Saffir-Simpson scale of hurricane intensity in use today, and also founded a Hawaiian observatory where carbon measurements were refined, among other accomplishments, The Washington Post reports.
Tokyo Electric Power Co., the operator of the ruined Fukushima Dai-ichi nuclear plant, says it has managed to remove fuel rods from the vulnerable No. 4 reactor building, and they are being placed in an undamaged storage pool, The New York Times reports.