ENERGY (MSM)
By Chris Prentice NEW YORK (Reuters) – U.S. government delays in rolling out renewable fuels policy have stymied some $13.7 billion in investments and have prevented advanced biofuels companies from meeting mandated target volumes, according to an industry group analysis. The U.S. Environmental Protection Agency’s (EPA) slow rulemaking on the Renewable Fuel Standard program over the past two years has “chilled” an influx of capital needed to boost commercial production,
By Nichola Groom LOS ANGELES (Reuters) – Tesla Motors Inc’s plan to generate new revenue by repackaging electric car batteries as home and business power storage systems faces stiff competition for both customers and the government subsidies that are critical to the market’s growth. At the unveiling of its suite of storage battery systems on Thursday, Tesla Chief Executive Elon Musk said at a company event near Los Angeles the
Oil and natural gas producer Chevron Corp reported a 43 percent drop in quarterly profit on Friday, though results beat analysts’ expectations as cost cuts and robust refining margins helped offset the impact of tumbling crude prices. The help from refining operations mirrored results at large, integrated peers such as Exxon Mobil Corp and Royal Dutch Shell , which tend to lean on their refining divisions for profit during times
(Reuters) – Oil and natural gas producer Chevron Corp posted a 43 percent drop in quarterly profit on Friday due to low oil prices .
The Tesla Powerwall can store power from solar panels, from the electricity grid at night when it is typically cheaper, and provide a secure backup in the case of a power outage. “The goal is complete transformation of the entire energy infrastructure of the world, to completely sustainable zero carbon,” Musk told reporters shortly before unveiling the Powerwall in a stylish warehouse space outside Los Angeles. All the power for
By Nichola Groom and Paul Lienert LOS ANGELES (Reuters) – Tesla Motors Inc on Thursday unveiled Tesla Energy – storage systems or batteries for homes, companies and utilities that will expand its business beyond electric vehicles and tap into a fast-growing area of the energy industry. Chief Executive Elon Musk said the company’s goal was to “fundamentally change the way the world uses energy on an extreme scale.” He introduced
WASHINGTON (AP) — The chairman of the House Oversight Committee is criticizing what he calls “glaring management failures” at the Environmental Protection Agency, following a report that EPA officials promoted a senior employee even though he had been accused of sexual harassment and allowed other employees to continue working at the agency after admitting they watched pornography on the job.
The average national price of a regular gallon of gasoline has jumped 13 cents in the past two weeks to $2.58. Industry analyst Trilby Lundberg said Sunday that higher crude oil prices caused the run-up …
By Henning Gloystein and Aaron Sheldrick SINGAPORE/TOKYO (Reuters) – One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialized nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative. Solar power is set to become profitable in Japan as early as this quarter, according to
TOKYO (AP) — Japanese police arrested a man who admitted to landing a drone with low level radioactive sand on the roof of the prime minister’s office to protest the government’s nuclear energy policy, officials said Saturday.
