Economy & Business

Feds and Private Sector Funding Major Solar Panel Projects

Project Amp, expected to lead to the installation of photovoltaic solar panels on about 750 industrial buildings in 28 states, would feed enough energy to the grid to power 90,000-100,000 homes. Taking a different approach, Google and a company called SolarCity are teaming up to spur installation of solar panels to power individual homes, committing $280 million to the project.

"Tepco Quells Push by Shareholders to End Nuclear Program"

"The operator of the stricken Fukushima Daiichi nuclear plant met with angry shareholders on Tuesday, offering profuse apologies as hecklers shouted abuse from a rowdy floor. But a motion that would have forced the company to abandon its nuclear program was defeated."

Source: NY Times, 06/29/2011

"Drilling Down: Insiders Sound an Alarm Amid a Natural Gas Rush"

"Natural gas companies have been placing enormous bets on the wells they are drilling, saying they will deliver big profits and provide a vast new source of energy for the United States. ... [But documents show industry analysts voicing] skepticism about lofty forecasts and question whether companies are intentionally, and even illegally, overstating the productivity of their wells and the size of their reserves."

Source: NY Times, 06/27/2011

US, Allies Tap Oil Reserves To Offset Mideast Turmoil, High Gas Prices

"Wary of a new surge in gas prices, the Obama administration said Thursday it is selling off 30 million barrels of oil from the country’s emergency reserves as part of a broader international response to lost oil supplies caused by turmoil in the Middle East and North Africa, particularly Libya."

Source: AP, 06/24/2011

Pa. Radio Host Says Criticism of Shale Fracking Got Him Fired

Robert Foltz, host of the "Let's Talk" show on WMBS in Uniontown for 10 years, told the Pittsburgh Post-Gazette he was fired just moments after a local municipal official said on his show that drilling for gas in the Marcellus shale formation had contaminated the local groundwater supply with bromine.

"U.S. Is Falling Behind in the Business of 'Green'"

"With Congress deeply divided over whether climate change is real or if the country should use less fossil fuel, efforts in the United States have paled in comparison [to enterprises in countries ranging from the U.K. to China aimed at reducing carbon emissions]. That slow start is ceding job growth and profits to companies overseas that now profitably export their goods and expertise to the United States."

Source: NY Times, 06/14/2011


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