PENONOME, Panama (AP) — Former U.S. President Bill Clinton is talking up the potential of renewable energy to shield developing countries from the effects of climate change.
Clinton visited Central America's biggest wind farm Tuesday. The electricity project in western Panama is scheduled to open next year with the capacity to produce about 6 percent to 8 percent of Panama's energy needs.
Facing criticism that the International Energy Agency has underestimated growth in the renewable sector, chief Fatih Birol said Tuesday that the IEA has been “completely right” in its forecasts for hydroelectric and wind generation, but may have fallen short when it came to solar, Platts reports.
Cost cutting is the order of the day at SunEdison rather than rapid expansion, CEO Ahmad Chatila told investors on a call Tuesday, as the company reported a net loss of $284 million in the third quarter, FuelFix reports.
RES America Developments and U.S. Wind Inc. have paid a total of $1.8 million for offshore wind leases in a Bureau of Ocean Energy Management auction covering nearly 344,000 acres off the New Jersey coast, The Hill reports.
Major solar projects, if sited in the wrong locations in deserts like the Mojave, have the potential to do serious environmental damage, according to warnings from groups like the Sierra Club and Nature Conservancy, the Las Vegas Sun reports.
The Energy Department has recommended approving Clean Line Energy’s $2.5 billion dollar Plains & Eastern Clean Line transmission project that would bring wind energy from Oklahoma east through Arkansas into Tennessee, FuelFix reports.
LOS ANGELES (AP) — The luxury electric car market may be small, but it's lucrative enough to get another jolt — this time from a mysterious startup that says it wants to re-imagine how people interact with their autos.
The startup's name is Faraday Future, and it has been hunting for a place to build what it says will be a $1 billion manufacturing plant for a new line of cars. Four states are contenders and the company says to expect an announcement within weeks.
BEIJING (AP) — China has changed course and emerged as a leader in curbing greenhouse gas emissions six years after it was accused of obstructing the last high-level climate talks in Copenhagen.
Heading into this month's Paris meeting, the world's biggest source of climate-changing gases has yet to accept binding limits. But it has invested in solar, wind and hydro power to clean up its smog-choked cities and curb surging demand for imported oil and gas. That contributed last year to a surprise fall in coal consumption.
If Eversource Energy and partner Hydro-Quebec win a contract to supply clean energy to New England, they may use it to help finance the $1.6 billion project to build the Northern Pass transmission line to bring electricity from Canada south across the border, the Boston Globe 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.
The last group of creditors has signed onto the Chapter 11 bankruptcy plan from Energy Future Holdings, and the company plans to lay out the settlement plan before a federal judge Wednesday, Reuters reports.
The Carbon Tracker Initiative warned Tuesday that fossil fuel companies could face $2.2 trillion in stranded assets over the next decade if policy changes fueled by climate change fears make their planned oil and natural gas projects uneconomic, Platts reports.
Oil prices jumped more than 2.5 percent Tuesday on fears that escalating Middle East tensions—after Turkey shot down a Russian warplane—would disrupt supplies. U.S. benchmark crude for January delivery gained $1.12, or 2.7 percent, to settle at $42.87 on the Nymex, while in London, Brent was $1.29 higher to $46.12, The Wall Street Journal reports.
The paperwork for the Northeast Energy Direct project—Kinder Morgan's $5 billion pipeline to move natural gas from the Marcellus Shale to the Northeast—has advanced from pre-filing to full application status at the Federal Energy Regulatory Commission, E&E reports.
The U.S. Chamber of Commerce and other industry groups warn that if the 9th Circuit Court of Appeals doesn't overturn the ruling last December that Teck Metals may be responsible for the cost of cleaning up contamination drifting from its smelter in British Columbia, it could cause “massive liability,” E&E reports.
The Interior Department’s decision to include North Myrtle Beach in studies to determine whether wind leases should be sold off the South Carolina coast has the head of the local Chamber of Commerce excited, The State reports.
Eighty-eight House members, nearly all Republicans, are asking Appropriations Committee Chairman Hal Rogers, R-Ky, to make defunding the Environmental Protection Agency’s new water rule a top priority, The Hill reports.