Tesla Motors Inc. is developing a "fleet" business model: A new finance arm of the company is offering a leasing program to enable small and medium size businesses to get tax deductions on the electric vehicles, The Wall Street Journal reports.
PHOENIX (AP) — Just a day after adopting a $9.23 billion state budget, the Arizona House and Senate gave final approval Tuesday to a pair of tax cuts for manufacturers, including one that would give a multi-million-dollar tax credit to the world's biggest corporation to install and run a solar facility.
The Legislature approved Senate Bill 1413, pushed by Gov. Jan Brewer, eliminating sales taxes on electricity purchased by manufacturers and mining smelters. It is expected to cost the state general fund $17 million a year. Brewer called for the elimination of the tax in her State of the State address in January, saying it was needed to make Arizona more competitive and draw new manufacturing to the state.
Officials with the Bureau of Ocean Energy Management got an earful about possible effects of offshore wind turbines on fishing, at a meeting Tuesday on Long Island to discuss possible lease sales for wind farms in the region, Newsday reports.
DETROIT (AP) — General Motors says it's investing $449 million in two Detroit-area factories to build the next generation Chevrolet Volt hybrid electric car.
The company says the investment eventually will bring a second shift at the Detroit assembly plant that makes the Volt and other cars. But it wouldn't say how many jobs would be added or when the people would be hired. The plant now employs about 1,600 on a single shift.
The expansion of solar and wind power will be slowed in Germany, as Chancellor Angela Merkel's cabinet has approved a reform of the country's renewable energy law in a bid to slow increases in the cost of electricity, Reuters reports.
ANNAPOLIS, Md. (AP) — Gov. Martin O'Malley says he still has misgivings about a bill to set a 13-month moratorium on the development of tall wind turbines within 56 miles of the U.S. Naval Air Station Patuxent River base in southern Maryland.
O'Malley wouldn't say Monday if he would veto legislation that has been sent to his desk. But the governor, who is a strong supporter of wind energy, says, "I have yet to conclude that windmills are quite the threat to Naval air radar that those advocating for this ban have concluded."
China invested $54 billion in clean energy in 2013 and remains at the top of the global table for spending in the sector, far outstripping U.S. spending of $36.7 billion, according to Pew Charitable Trusts, Bloomberg reports.
Although sand and water are the primary substances used in fracking, an Environmental Protection Agency analysis of data from FracFocus.org found that nearly 700 chemical additives appear as well, according to The Hill.
Republicans with a college degree are more likely to say that the threat posed by climate change is exaggerated, while Democrats with higher education are more concerned about the issue, according to a Gallup poll, National Journal reports.
Possible GOP presidential contender Rick Santorum told North Carolina lawmakers Thursday that President Obama’s moves to regulate power plant emissions reflect a “quasi-religious” zeal to close coal-fired plants, The Associated Press reports.
Under pressure from Democrats, Republican and the White House to step down, Rafael Moure-Eraso has resigned as chairman of the U.S. Chemical Safety Board, although the CSB said he would remain a member until mid-April, National Journal reports.
A budget amendment from Sen. John Barrasso, R-Wyo., which some say is a referendum on opposition to the Environmental Protection Agency’s proposed Waters of the U.S. rule, was approved on a 59-40 vote, E&E reports.