Wanxiang Group, the Chinese auto parts company that bought bankrupt Fisker Automotive, has signed a lease for a facility to build Fisker electric cars in Riverside County, the Los Angeles Times reports.
The decline in SunEdison's stock price over the past three weeks has cost the company $5 billion in capitalization, following a report of a bigger-than-expected loss in the second quarter and the disappointing performance for its second yieldco, the St. Louis Post-Dispatch reports.
U.S. wind power generation grew 8 percent to 66 gigawatts in 2014, reversing the previous year's slump in a surge that drove the lowest-ever costs for wind energy nationwide, the U.S. Energy Department reported Monday. Critics, however, dismissed it as part of the Obama administration's "PR effort" to promote its climate plan.
A $1.6 million grant from the California Air Resources Board will help Los Angeles set up a vehicle sharing program for low income neighborhoods, where 80 out of 100 will run on plug-in power, National Journal reports.
NEW YORK (AP) — Even as the tumble in oil prices pummels the industry, one small -- and perhaps surprising -- group of energy stock funds has held up better than its peers: those investing in solar, wind and other alternative-energy sources.
It's an unexpected bright spot because alternative-energy stocks have long been known as some of the riskiest in an area that's already prone to big swings. The group has historically shown flashes of promise, only to plummet in disappointment. Alternative-energy stocks also have oftentimes struggled when the price of oil was falling. The S&P Global Clean Energy index plunged 66 percent in 2008, more than the broad stock market or the price of oil.
NEW YORK (AP) — A string of deals involving rooftop solar companies has shown both the appeal and potential of the business — and limits to investor enthusiasm.
SunRun, the San Francisco-based solar financing pioneer, raised $250 million in an initial public offering Wednesday, but shares fell 13 percent. Late last month SunEdison bought the rooftop installer Vivint Solar for $2.2 billion, but SunEdison shares have fallen 28 percent since.
The stocks of U.S. petroleum products increased last week, the Energy Information Administration reported, although the million barrel rise in crude stocks was less than analysts’ expected, while the jump in gasoline stocks exceeded predictions, according to Reuters.
Earthjustice filed court papers Tuesday on behalf of several environmental and health groups seeking to intervene to defend the Environmental Protection Agency’s lower ozone limits from a lawsuit brought by coal company Murray Energy, The Hill reports.
State Department climate envoy Todd Stern told a news conference that he’s thinking about the upside, not the downside, heading into a critical global conference on climate change policy that starts Monday, National Journal reports.
The plan for coal producer Walter Energy to emerge from bankruptcy is being fought by unions and the firm’s retired workers in Alabama, but a court Tuesday approved the company’s move to auction off assets, Reuters reports.
Acting to lower its credit rating for Pemex, Moody’s Investors Service pointed to the firm’s increasing debt and declining earnings, although Mexico’s national oil company responded by saying the move brings the agency in line with other ratings firms, The Wall Street Journal reports.
The White House and the billionaire conservative Koch brothers have been allies recently in moves to liberalize the nation’s criminal justice laws, but they are disagreeing over one measure that would require proof of suspects knowingly engaging in unlawful conduct, The New York Times reports, noting that such a move is alarming environmentalists.
According to a report released this week by the U.N. Office for Disaster Risk Reduction, weather-related disasters have caused more than 600,000 deaths and trillions of dollars in damages over the past 20 years, The New York Times reports.
A market-based approach for cutting vehicles’ greenhouse gas emissions—which could include mileage-based driver fees or emissions trading—is the goal as Connecticut, Delaware, New York, Rhode Island, Vermont, and the District of Columbia announced an agreement to work together on the issue, Reuters reports.