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.
Barack Obama’s Paris promise to join other countries in doubling support for energy innovation and research may be harder for Republicans to fight than other moves to come out of the global climate conference, E&E reports.
One estimate says the climate talks taking place in Paris will emit the equivalent of 300,000 tons of carbon dioxide—although the French government has promised to offset the total with an investment in the United Nations Adaptation Fund, National Journal reports.
With its members’ net worth of $350 billion, the Breakthrough Energy Coalition co-founded by philanthropist Bill Gates could well attract attention from investors who haven’t looked seriously at clean energy projects before, E&E reports.
With low oil prices expected to keep drilling depressed next year, Schlumberger—the biggest global provider of oil field services—said Tuesday it will cut jobs beyond the 20,000 already axed this year, resulting in a charge of $350 million in the fourth quarter, Reuters reports.
Expectations that OPEC would continue to press ahead with record production weighed against prospects of a U.S. stockpile drop in the oil markets Tuesday. U.S. benchmark crude gained 20 cents to settle at $41.85 a barrel on the Nymex, while in London, Brent lost 17 cents to $44.44, Reuters reports.
A day after Kinder Morgan moved to take half ownership of debt-ridden Natural Gas Pipeline Company of America, its credit outlook was shifted to negative by Moody’s, signaling a possible future downgrade, FuelFix reports.
America’s Renewable Future has started running ads charging that Republican presidential candidate and blending mandate opponent Sen. Ted Cruz “backs policies that threaten rural Iowa and thousands of jobs,” The Hill reports.
Major oil companies like Royal Dutch Shell and BP have joined environmental groups in backing carbon tax proposals, but their motivation lies in the boost such plans would give to their natural gas business, The Wall Street Journal reports.