With 419 megawatts added to U.S. wind power capacity in the 3rd quarter, installations in the first nine months of 2014 – totalling 1,254 megawatts -- have surpassed what came on line in all of the year before, according to the American Wind Energy Association, Bloomberg reports.
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.
A senior official with the American Council for Capital Formation, which is funding “Unlock Crude Exports,” a new push to repeal the ban on shipping U.S. crude overseas, says doing so would allow the country to take full advantage of its energy boom, FuelFix reports.
The Environmental Protection Agency’s proposed rule to limit air pollution from refineries could have the opposite effect because it would force installation of new flaring systems instead of continuing the trend of reducing flaring, according to comments the American Petroleum Institute filed on the regulation, The Hill reports.
Oil was sliding again early Thursday after the Federal Reserve wound up its asset-purchase program and the Energy Information Administration reported the highest level of U.S. production since the 1980s. West Texas Intermediate crude for December delivery fell 81 cents to $81.39 a barrel in electronic trading on the Nymex, while in London Brent lost 86 cents to $86.26, Bloomberg reports.
Sen. Mary Landrieu, D-La., made a pointed reference to her influence as chair of the Senate Energy and Natural Resources Committee while Republican candidate Rob Maness emphasized his support for increased oil and gas drilling, during the final debate of the campaign before the state’s Nov. 4 “jungle primary,” The Times-Picayune reports.
Republican Senate candidate Scott Brown visited the Seabrook nuclear plant Wednesday, and later in a statement accused incumbent Sen. Jeanne Shaheen, D-N.H., of failing to support nuclear power, but she responded by saying nuclear energy is an important part of the fight against climate change, The Associated Press reports.
Osaka Gas Co. and Chubu Electric Power Co., which have contracted to buy gas from the proposed Freeport LNG terminal, will also supply $1.2 billion toward construction of the first unit, while $3.85 billion will come from Japanese banks, FuelFix reports.
Plaintiffs in a class action lawsuit against Exxon Mobil over a 2013 oil spill in Arkansas filed a motion in court this week demanding that the company make public documents about the maintenance and repair of the Pegasus pipeline, The Associated Press reports.
A spokesperson for the European Commission says a marathon negotiating session Wednesday failed to generate an agreement in the gas dispute between Russia and Ukraine, and talks are continuing Thursday, Reuters reports.
Iran may still be wrestling with finding a way to cut a deal with the West over its nuclear program, to ease biting sanctions, but falling oil prices have added even more pressure to the situation, The New York Times reports.