Economy & Business

"FACT CHECK: More Us Drilling Didn't Drop Gas Price"

"WASHINGTON - It's the political cure-all for high gas prices: Drill here, drill now. But more U.S. drilling has not changed how deeply the gas pump drills into your wallet, math and history show.

A statistical analysis of 36 years of monthly, inflation-adjusted gasoline prices and U.S. domestic oil production by The Associated Press shows no statistical correlation between how much oil comes out of U.S. wells and the price at the pump."

Source: AP, 03/22/2012

"A Measured Rebuttal to China Over Solar Panels"

"The Commerce Department said on Tuesday that it would impose tariffs on solar panels imported from China after concluding that the Chinese government provided illegal export subsidies to manufacturers there. The tariffs were smaller, at 2.9 to 4.73 percent, than some American industry executives had expected."

Source: NY Times, 03/21/2012

"Natural-Gas Windfall Wanes"

"MANSFIELD, La.—The brilliant green artificial turf on high-school football fields here serves as a vivid symbol of the natural-gas boom that brought prosperity to this traditionally poor corner of northwest Louisiana.

But the foundation of this wealth has started to crumble. The price of natural gas has plunged to a 10-year low, prompting a flight of energy companies from gas fields across the country.

Source: Wall St. Journal, 03/15/2012

"Energy Dept. Oversight on Loans Is Inadequate, GAO Says"

"The Energy Department is mismanaging oversight of $34 billion in taxpayer-backed loans for green-energy and other projects, congressional auditors said Monday in a new report."

"The Government Accountability Office said it took Energy Department staff more than three months to come up with data on the status of applications for loan guarantees, leading auditors to question whether oversight of the program is timely or fair to companies seeking federal subsidies.

Source: Wash Post, 03/14/2012
April 19, 2012 to April 25, 2012

Sustainatopia 2012 - Miami

Sustainatopia is one of the world's largest events regarding social, financial and environmental responsibility. "Sustainatopia 2012" will include over 50 individual events in film, art, music, eco-fashion, food, design, authors’ series and parties at many locations throughout Miami. One of these, "Impact & Our Oceans" on April 23, is the first annual impact investment conference focused entirely on oceans.

"Two Years After BP Oil Spill, Executive Compensation Still Flowing"

"BP paid out $1.1 million worth of shares on Feb. 15 to former chief executive Tony Hayward under a three-year incentive plan, even though Hayward resigned in the wake of the massive Gulf of Mexico oil spill in 2010.

Hayward also earned $194,973 in fees in 2011 as a director of BP’s TNK-BP joint venture in Russia, according to the company’s annual report released Tuesday. The company’s stock price is down more than 20 percent since the spill.

Source: Wash Post, 03/08/2012

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