ENERGY (MSM)
By Timothy Gardner WASHINGTON (Reuters) – The White House has secured more than $4 billion to boost clean energy and fight climate change from foundations, institutional investors and philanthropies, doubling a goal set in February, administration officials said. Vice President Joe Biden told a conference on clean energy at the White House on Tuesday that a “staggering” number of long-term jobs can be created in the sector “if we make
Columbia University researchers discover a new source of alternative energy by harnessing the power of evaporation and soil bacteria spores.
By Susanna Twidale LONDON (Reuters) – The European Union is collectively on track to achieve its goal of sourcing a fifth of its energy from renewables by 2020, although Britain, the Netherlands and Luxembourg are currently lagging behind, the European Commission said on Tuesday. Renewable energy is expected to have accounted for 15.3 percent of total energy consumption in the EU last year, the Commission said, setting the bloc on
The White House has pushed foundations, institutional investors and philanthropies to commit more than $4 billion to clean energy projects and help fight climate change, doubling a goal set in February, officials said. The administration issued a call to action early in the year asking them to make commitments on clean energy innovation, and “we’ve seen a really overwhelming response,” White House senior adviser Brian Deese told reporters in a
Chevron Corp has evacuated some workers not essential to oil production from its Gulf of Mexico operations as a low-pressure storm system moves through the basin, but output has not been affected, the company said on Monday. Royal Dutch Shell on Monday said it was still evacuating so-called non-essential workers ahead of the storm, such as cooks and maids, with no production impact from the weather. Chevron is the No.
U.S. oil companies were closely watching a large tropical disturbance in the southern Gulf of Mexico, but were not changing operations despite the system’s 70 percent chance of developing into a tropical cyclone over the next 48 hours, according the U.S. National Hurricane Center. Leading oil producer in the U.S.-regulated Gulf of Mexico Shell Oil Co, the U.S. arm of Royal Dutch Shell, said it was monitoring the storm on
Egyptian cable maker El Sewedy Electric said on Sunday it had entered into an agreement to develop a 50 megawatt solar energy power plant in the Upper Egypt region. El Sewedy formed the Egyptian Company for Solar Energy Development, a subsidiary that it will invest about $75 million in, which will be in charge of developing, funding, owning and running the power plant, the cable maker said in a statement
U.S. officials have rejected Exxon Mobil Corp.’s request to reconsider a $1 million penalty imposed against the oil giant over a 63,000-gallon crude spill into Montana’s Yellowstone River. The U.S. Department …
By Jose Elías Rodríguez (Reuters) – A 1940 clip of the Tacoma Narrows suspension bridge in the United States stretching like chewing gum in a gale captured the imagination of a Spanish engineering student who became obsessed with how he could turn that chaos into power. Twelve years later, David Yanez is part of a team inspired by the motion that collapsed the bridge to create a bladeless wind turbine
Oil prices steadied on Thursday as a bullish report from the International Energy Agency (IEA) agency balanced a gloomy outlook from the World Bank, which cut its global economic growth forecast. IEA, which coordinates energy policy for industrial nations, raised its projection for global oil demand growth in 2015 by 280,000 barrels per day (bpd) to 1.40 million bpd, bringing demand this year to almost 94 million bpd. The agency
