WASHINGTON (AP) — The Obama administration said Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy.
WASHINGTON (AP) — For the first time, the Obama administration is taking action against wind farms for killing eagles.
In a settlement announced Friday, Duke Energy will pay $1 million for killing 14 golden eagles over the past three years at two Wyoming wind farms. The company says it pleaded guilty to misdemeanor charges under the Migratory Bird Treaty Act.
A Massachusetts Institute of Technology report said Tesla Motors Model S sedan has a significantly higher chance of catching fire in a collision than gas-powered vehicles, undercutting CEO Elon Musk's assertions that the vehicles are less likely to catch fire, Bloomberg reports.
Consumer Reports said Tesla Motors Inc.'s electric Model S won its highest owner satisfaction ratings in seven years, though the survey was taken before three battery fires prompted a federal safety investigation, Bloomberg reports.
The Federal Energy Regulatory Commission said in a report that U.S. power companies added more than 500 megawatts of solar capacity and more than 100 megawatts of biomass power last month, Reuters reports.
LOS ANGELES (AP) — The National Highway Traffic Safety Administration, which is the government's auto safety watchdog, announced this week that it would investigate the Tesla Model S electric car after two of the vehicles struck road debris and caught fire. Tesla is cooperating with the investigation, which may or may not lead to a recall if NHTSA finds a safety defect.
At the Los Angeles Auto Show on Wednesday, NHTSA chief David Strickland answered questions about the investigation.
LOS ANGELES (AP) — A New Jersey energy company required by an unusual legal settlement to build an extensive network of electric car chargers throughout California has delivered just 10 percent of what it promised in the first year.
The power substation in San Jose where a sniper attack last year raised concern about the security of the country’s grid has been breached again, according to Pacific Gas and Electric, which said thieves cut through a fence and stole some equipment, The New York Times reports.
A corn ethanol plant at the Port of Indiana-Mount Vernon, which Valero Energy Corp. bought in March, has restarted, FuelFix reports. It is expected to boost the company’s output to 1.3 billion gallons a year, making Valero the country’s third-largest ethanol producer.
Oil looks set to finish out the week higher in the wake of another positive piece of data on the U.S. economy, news of an unexpected rise in consumer confidence. West Texas Intermediate crude for October delivery was up 66 cents to $95.21 a barrel on the Nymex, while in London Brent crude settled 35 cents higher to $102.81, Bloomberg reports.
Fighting in Tripoli may have been escalating, but in the east of Libya, the key oil port of Es Sider is once again getting a flow of crude from oilfields after exports there resumed last week following a one-year hiatus, an official told The Wall Street Journal.
Sen. Mary Landrieu, D-La., listed her parents’ home in New Orleans as her address in filing last week to qualify for the ballot in Louisiana, prompting some critics to question her residency status, The Washington Post reports.
Clean Air Act violations for the release of phosgene, methyl chloride and oleum at a West Virginia facility between 2006 and 2010 will cost DuPont $1.3 million in fines, the Environmental Protection Agency and the Justice Department said in announcing a settlement, The Hill reports.
A project to build a big $25 billion water tunnel system in Northern California poses water quality problems to the Sacramento-San Joaquin River Delta and a possible threat to smelt and salmon, the Environmental Protection Agency said in a letter accompanying comments posted online, the Los Angeles Times reports.