Already a big wind farm operator, Warren Buffett could push his investment into renewables up to $30 billion as he continues pouring more money and looking for more acquisitions for Berkshire Hathaway Energy, The Wall Street Journal reports.
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.
The head of the Internal Revenue Service has called on Congress to take up or abandon a package of tax break extensions and renewals by the end of November to avoid slowing tax refunds next year.
In a letter dated Monday to the chairmen and ranking members on the Senate and House tax-writing committees, Commissioner John A. Koskinen said a decision must be made by then to avoid "serious problems" for IRS and for filers.
While he did not call for passage of legislation, Koskinen's letter gives backers of the tax "extenders" bill pending in the Senate a new argument to use in calling a fast vote when lawmakers return to Washington next month.
CALUMET, Okla. (AP) — A decade ago, states offered wind-energy developers an open-armed embrace, envisioning a bright future for an industry that would offer cheap electricity, new jobs and steady income for large landowners, especially in rural areas with few other economic prospects.
To ensure the opportunity didn't slip away, lawmakers promised little or no regulation and generous tax breaks.
El Hierro, a part of Spain’s Canary Island chain, hopes to become the first island in the world to get all of its power from renewable energy, now that its Gorona del Viento wind and water turbine farm has started operation, NPR reports.
CHEYENNE, Wyo. (AP) — A proposal to export twice as much Wyoming wind power to Los Angeles as the amount of electricity generated by the Hoover Dam includes an engineering feat even more massive than that famous structure: Four chambers, each approaching the size of the Empire State Building, would be carved from an underground salt deposit to hold huge volumes of compressed air.
The caverns in central Utah would serve as a kind of massive battery on a scale never before seen, helping to overcome the fact that — even in Wyoming — wind doesn't blow all the time.
Democratic leaders in Appalachian states—Gov. Earl Ray Tomblin in West Virginia and Gov. Steve Beshear in Kentucky—are facing increasing pressure at home to refuse cooperation with the Environmental Protection Agency’s Clean Power Plan, E&E reports.
Opponents of the Obama administration plan to limit power plant carbon emissions started meeting a year and a half ago at the U.S. Chamber of Commerce headquarter to plot strategy to fight it, The New York Times reports.
The $1.3 trillion lost by investors in energy stocks since oil prices started to slide in June 2014 amounts to more than Mexico’s GDP, and hit pension funds as well as billionaires such as Carl Icahn, Bloomberg reports.
A rebound in China’s faltering stock market helped stabilize oil prices Tuesday, although traders told Reuters as a result of the continuing supply glut any recovery would only be temporary. U.S. benchmark crude rose 57 cents to settle at $45.74 a barrel on the Nymex, while in London, Brent nearly hit the $50 mark, gaining 47 cents to $49.99.
Strong performance by its California utilities and “growth opportunities” overseas helped Sempra Energy to a profit of $296 million in the second quarter, an increase of almost 10 percent, The Wall Street Journal reports.
Republican presidential hopefuls should be starting to lay out their “clear vision” of how they’d handle energy issues in the White House, said American Petroleum Institute President Jack Gerard, FuelFix reports.
Following disappointing results in July, Mexico has made adjustments to the terms of its offshore lease auction set for September, changing the required financial guarantees and also allowing companies to bid individually for some fields and as part of a group for others, The Wall Street Journal reports.
New efficiency standards being promoted by the Department of Energy would require that rechargeable batteries for devices such as cellphones, laptops and tablets hold their charge longer, cutting energy use by 11 percent, The Hill reports.