Economy & Business

Short on Cash and Know-How, U.S. Geothermal Industry Stumbles"

Dramatic drops in the stock prices of some publicly traded geothermal energy companies in the last year or so have resulted from a variety of factors. Some companies lacking expertise have done a poor job of developing the geothermal reserves they hold. Some are having trouble getting the capital they need. And in the end, most of the best geothermal reserves in the U.S. may already be taken.

Source: Greenwire, 07/13/2011

"Economists Find Flaws in Federal Estimate of Climate Damage"

"A new report concludes that each ton of carbon dioxide emitted in the atmosphere inflicts as much as $900 in environmental harm - almost 45 times the amount the federal government uses when setting regulations. The gap, advocates say, disguises the true value of emissions reductions."

Source: Daily Climate, 07/13/2011
January 16, 2012 to January 19, 2012

World Future Energy Summit in Abu Dhabi

Every year, WFES gathers world leaders, international policy makers, industry leaders, investors, experts, academia, intellectuals and journalists to find practical and sustainable solutions for today's energy security, climate change challenges and the advancement of clean technology. The upcoming 5th edition of the event in Abu Dhabi will promote innovation and investment opportunities surrounding alternative energy, clean technology and environment.

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.

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