A coalition of more than 580 renewable energy companies, business groups and environmental advocates is urging Congress to move quickly to extend expired or expiring tax incentives, warning that failure to do so would stifle investment in low-carbon energy and risk American jobs.
In a letter sent Monday to House Speaker John Boehner, R-Ohio, House Minority Leader Nancy Pelosi, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and Senate Minority Leader Harry Reid, D-Nev., the groups made the case that the credits were necessary to provide market certainty to benefit the economy and the environment.
PROVIDENCE, R.I. (AP) — The nation's first offshore wind farm has experienced safety and welding problems, and regulators are closely monitoring construction, according to the regulatory agency that issued a permit for the work.
Deepwater Wind is building a five-turbine wind farm off Block Island and began construction in July. Inspection reports about the initial weeks of construction identified "numerous" health and safety issues.
Three of New Jersey’s Democratic lawmakers – Sens. Robert Menendez and Cory Booker, alongside Rep. Frank Pallone – have written to the state’s Republican Gov. Chris Christie, urging him to get moving to implement the state’s law to promote offshore wind programs, NJ Spotlight reports.
More than half the output of the new 200-megawatt Logan’s Gap wind facility operated by Pattern Energy Group will be purchased by Wal-Mart, in what a company executive is calling “a significant leap forward on our renewable energy journey,” Fortune reports.
New Jersey regulators have failed to back offshore wind projects, but wind power supporters are hoping the Interior Department's intention to sell some 344,000 acres in leases off the coast will change that, Platts reports.
Calling it a “major step in standing up a sustainable offshore wind program,” Interior Secretary Sally Jewell Wednesday announced a Nov. 9 sale of nearly 344,000 acres of leases in the Atlantic off the coast of New Jersey, The Associated Press reports.
If wind power is to play a role in helping Pennsylvania meet obligations under the Environmental Protection Agency’s Clean Power Plan, the state will have to tackle a number of obstacles including sorting out energy tax credits and credit trading rules, the Pittsburgh Tribune-Review reports.
At Monday’s groundbreaking ceremony for a $225 million wind energy transmission line, Gov. Dennis Daugaard, R-S.D., said energy companies, landowners and legislators should cooperate to boost similar projects in the state, the Argus Leader reports.
Sunday night saw a new record output of 11,467 megawatts of power from wind farms in Texas, according to the Electric Reliability Council of Texas, which reported negative power prices as demand dipped Monday morning, Platts reports.
A report commissioned by the Pebble Partnership—conducted fully independently, according to its author, former Defense Secretary William Cohen—says the Environmental Protection Agency did not use the "fairest and most appropriate process" when it ruled against the proposed mining project in Alaska, The Hill reports.
OPEC’s Secretary-General told a London conference Tuesday that investments in oil projects will fall by $130 billion this year, which will mean less production in the future and a return to higher crude prices within two years, The Wall Street Journal reports.
A projection from OPEC’s Secretary General of substantial spending cuts by oil producers around the world sent prices soaring Tuesday. West Texas Intermediate crude for November delivery jumped $2.27, or 4.9 percent, to $48.53 a barrel on the Nymex, while in London, Brent zoomed $2.67, or 5.4 percent, higher to $51.92, Marketwatch reports.
IHS Energy says companies drilling for oil in North America will have much less protection against lower prices in the future: their moves to hedge production in 2016 cover only 11 percent of their production, FuelFix reports.
Arthur McDonald, who, alongside Takaaki Kajita, won the Nobel prize for physics Tuesday for his work with neutrinos, says the processes his team observed on the Sun “are very similar to the processes people are investigating on Earth to develop nuclear fusion reactors,” The Financial Times reports.
ValueAct Capital Management—an activist investor known for aggressively pushing management to boost shareholder value—said in a regulatory filing that it intends to bring a number of issues up with the management and board of oil field services company Baker Hughes, FuelFix reports.
A study by two economists for the Nevada Policy Research Institute found that NV Energy’s proposed new natural gas-fired plant would cost customers money and be a drag on the state’s economy, the Las Vegas Review-Journal reports.