Abengoa SA, the renewable energy company that operates around the world, this week filed for bankruptcy protection in the United States. The Spanish energy company is now in talks with its bondholders and banks in an effort to agree on a restructuring plan for its more than $16.48 billion in debt. The company filed for Chapter 15 protection, the section of the U.S. bankruptcy code that handles cross-border insolvencies.
Republican presidential front-runner Donald Trump would oppose a carbon tax if elected to the White House, according to documents released yesterday by the American Energy Alliance, which offer the most detailed look at Trump’s energy policies to date. In addition to the carbon tax, the group asked candidates to comment on issues like whether they support continued tax subsidies for the energy industry, whether the renewable fuel standard should be discontinued and whether they would support expanded energy production on public lands.The AEA, the advocacy arm of the Institute for Energy Research, today published candidate questionnaires that it received from both Trump and his primary rival for the GOP presidential nod, Texas Sen. Ted Cruz.
Consumption of U.S. wind energy helped offset 6 percent of all the carbon dioxide emitted by the U.S. power sector last year, according to data released this morning by the American Wind Energy Association. AWEA officials, using a modeling tool developed by U.S. EPA, found that increased production of wind power, especially in the Southern Plains and Midwest, led to a record 132 million metric tons of CO2 reductions directly attributable to wind power.
For more than a century, Dawson Singletary’s family has grown tobacco, peanuts and cotton on a 530-acre farm amid the coastal flatlands of North Carolina. Now he’s making money from a different crop: solar panels. Singletary has leased 34 acres of his Bladen County farm to Strata Solar LLC for a 7-megawatt array, part of a growing wave of solar deals that are transforming U.S. farmland and boosting income for farmers.
fter a roster of leaders from different states peppered Exxon Mobil Corp. today with allegations of climate change fraud, the company shot back, saying politics were fueling those claims.
“The allegations leveled against Exxon Mobil again today are politically motivated and based on discredited reporting funded by activist organizations,” said Suzanne McCarron, Exxon Mobil’s vice president of public and government affairs. “We are actively assessing all legal options.”
Former Vice President Al Gore and New York Attorney General Eric Schneiderman today accused fossil fuel companies of committing fraud by lying about climate change science while they announced a multistate effort to hold companies accountable. Schneiderman (D) convened a coalition of state attorneys general here today, where they announced a multistate effort to tackle climate change, including further investigations into whether fossil fuel companies lied to investors and the public about the impacts of climate change.
Pennsylvania Gov. Tom Wolf (D) vetoed a bill that would have allowed the Republican-controlled Legislature to hold sway over the state’s Clean Power Plan compliance strategy. H.B. 1327, which was passed by lawmakers with the state budget earlier this month, included language granting either chamber of the General Assembly the ability to disapprove of the state Department of Environmental Protection’s efforts to meet federally required emissions cuts in the power sector.
U.S. EPA’s allies in state governments, the environmental community and industry are urging federal judges to reject the onslaught of legal challenges against the Obama administration’s Clean Power Plan. Tuesday marks a deadline set by the U.S. Court of Appeals for the District of Columbia Circuit for some of EPA’s backers to file their briefs as judges weigh the fate of the contentious regulation to curb power plants’ greenhouse gas emissions.
Right now, there’s an odd thing about solar in the United States (and elsewhere). It’s either really big — at the scale of massive solar farms with the capacity to generate tens or hundreds of millions of watts of electricity — or pretty small: on your rooftop, with maybe as little as 5 kilowatts, or thousand watts, of capacity. Solar has been growing extremely fast in these existing markets. But more and more, analysts say, there’s a middle-range market whose large potential is just becoming clear. It’s bigger than individual rooftop installations but smaller than vast solar farms. And it’s for a much broader and diverse range of people than fairly wealthy, suburban homeowners.
By the time summer rolls around, five wind turbines, each rising 600 feet, could be spinning in the Atlantic Ocean near Rhode Island. Two more could spring up off the coast of Virginia by late next year. America’s first offshore wind farms will arrive after more than a decade of fits and starts, and they could deliver a jolt of much-needed momentum to the struggling industry. Yet building the next, bigger offshore wind projects will require states stepping in to help defray the sky-high electricity costs and attract wary investors, analysts say. A handful of other East Coast wind farms are in the works, but none are likely to come online this decade without stronger clean energy policies, or better financial incentives.