Following the example set by New York and Connecticut, several states are looking into working with banks dedicated to financing clean energy projects in an effort to limit some of the potential financial risks associated with clean energy investment, E&E reports.
Chinese-backed firms Wanxiang Group and Hybrid Tech Holdings are preparing for an auction next week for the assets of bankrupt electric-car manufacturer Fisker Automotive, including its 18 patents, Bloomberg reports.
The proposed 500-mile SuedLink transmission line proposal in Germany is to connect wind turbines in the north to southern users, but developers must overcome opposition along the route, The New York Times reports.
PORTLAND, Ore. (AP) — A Seattle company is being given the green light to develop plans to build the West Coast's first offshore wind energy farm — five floating turbines off Oregon's Coos Bay, federal and state officials said Wednesday.
The 30-megawatt pilot project was announced at a press conference by Gov. John Kitzhaber, U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management Director Tommy Beaudreau.
Though offshore wind farms are an expensive source of energy, proponents say they could bring clean, efficient electricity, create new jobs and stimulate the economy.
KINGSTON, Jamaica (AP) — Caribbean politicians and renewable power experts gathered Tuesday on British billionaire Richard Branson's private isle to discuss ways of transitioning to clean energy in an effort to spur small island nations to slash their dependence on fossil fuels and prepare for the impacts of climate change.
Branson, the CEO and founder of the Virgin Group of companies, is hosting a three-day meeting of political and business leaders at Necker Island, his home in the British Virgin Islands where he has developed an exclusive eco-resort showcasing renewable energy technology.
The event is organized by the Carbon War Room, a nonprofit company Branson co-founded to promote cutbacks in greenhouse-gas emissions through smart private enterprise. It hopes to help small islands become carbon-neutral by accelerating commercial investment. Political delegations from 13 countries and territories, including several heads of state, are attending along with representatives from dozens of companies and multinational organizations.
The GOP chorus denouncing the Environmental Protection Agency move to lower the ozone standard was joined by House Majority Leader Rep. Kevin McCarthy, R-Calif., senior figures on the House Energy and Commerce Committee, as well as Sen. John Thune, R-S.D., who is chairman of the Republican Senate caucus, The Hill reports.
Ahead of the OPEC meeting in Vienna, oil prices recovered Wednesday from earlier drops triggered by word of a greater-than-expected increase in U.S. crude inventories as well as a comment from Saudi Arabia's oil minister that there would be no need for a production cut. West Texas Intermediate crude for January delivery slipped just 3 cents to $74.06 a barrel on the Nymex, while in London Brent was 5 cents lower to $78.28, Bloomberg reports.
Freeport LNG has closed on financing deals – from Japanese sources -- for two of three planned liquefaction trains at its export facility, and should begin construction on its plant in Quintana, Texas this week, with operation projected to start in 2018, FuelFix reports.
Uranium prices are on track for an 18 percent increase in 2014, which would be the first annual gain for the energy commodity in four years and make it the best performing category in the sector, Bloomberg reports.
Nearly all of the claims dealt with through the settlement process after the 2010 BP Gulf of Mexico spill were handled correctly, according to a third party audit released Tuesday by claims administrator Patrick Juneau, The Times-Picayune reports.
The legal fight over the Environmental Protection Agency’s Waters of the U.S. rule could revolve around what’s meant by the words “adjacent” and “neighboring,” as well as how the regulation defines a flood plain, E&E reports.
After a shareholder lawsuit filed to stop the $2.86 billion merger announced in June between C&J Energy Services and the fracking business of Nabors Industries, a judge in Delaware Tuesday ordered a 30-day suspension to allow for competing offers, but C&J said it would appeal, FuelFix reports.
Oncor’s proposal to install battery storage across the grid in Texas is coming in for criticism from a state lawmaker – Republican State Sen. Troy Fraser said his support for the $5.2 billion project came before he realized an increase in transmission rates would be part of the package, The Dallas Morning News reports.
Speaking about the failure of Google’s renewable energy project RE<C, two engineers, writing in IEE Spectrum recently, said trying to fight climate change using only existing technologies like wind and solar energy won’t work, Fox News reports.