EJToday: Top Headlines
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Don Montague is leading an innovative enterprise to collect wind energy with high-tech kites. Google money is backing him.
"German brewers have warned Chancellor Angela Merkel's government that any law allowing the controversial drilling technique known as fracking could damage the country's cherished beer industry."
"The Energy Department (DOE) on Friday approved a controversial application allowing liquefied natural-gas exports to nations that lack a free-trade agreement with the United States."
"U.S. taxpayers are footing the bill for overseas lobbying that promotes controversial biotech crops developed by U.S.-based Monsanto Co. and other seed makers, a report issued on Tuesday said."
"LONDON — The authorities on Tuesday raided the offices of several oil companies and an industry data provider as part of a broader inquiry by the European Commission into potential price manipulation."
"Farmers must pay Monsanto each time they plant the company’s genetically modified soybeans, the Supreme Court ruled Monday, rejecting an Indiana farmer’s argument that his unorthodox techniques did not violate the company’s patent."
"A domestic natural gas boom already has lowered U.S. energy prices while stoking fears of environmental disaster. Now U.S. producers are poised to ship vast quantities of gas overseas as energy companies seek permits for proposed export projects that could set off a renewed frenzy of fracking."
"Senator Tom Libous, a champion of fracking in the New York Legislature, is blocking a bill that would delay drilling for natural gas for at least two more years. Passage of the measure would harm the prospects of a real-estate company founded by Libous’s wife and run by a business partner and campaign donor."
"Natural gas has already been blamed for shuttering of coal plants and slowing wind and solar financing. Evidence suggests nuclear is also falling victim to the glut of cheap natural gas. The closure of a nuclear plant in Wisconsin Tuesday is exhibit A."
"President Obama's comments over the weekend about his looming decision on whether to expand natural gas exports are the clearest indication yet that the White House intends to greenlight broader global sales of U.S. natural gas, a prospect that has attracted strong backing in states that produce or process the fuel while drawing criticism from some environmentalists and from energy-intensive manufacturers concerned that energy costs would dramatically rise as a result."
"Scott Lee, an ardent fisherman from Oak Ridge, Tennessee, has an opinion as to whether Barack Obama should sell the federally chartered Tennessee Valley Authority to private investors: Don't do it."
Until recently the American food revolution seemed to have bypassed the Rustbelt region which rims the Great Lakes from Buffalo to Detroit. But an "interdependent web of chefs, butchers, farmers, millers, bakers and brewers" there are "cooking sustainably, supporting agriculture and raising families — all while making world-class food with a strong sense of place."
"JPMorgan Chase developed schemes to sell electricity at falsely attractive prices in Michigan and California, according to The New York Times. The market manipulation could result in JPMorgan Chase receiving penalties from the Federal Energy Regulatory Commission."
"BP made a record pre-tax profit in the first quarter of double its $9bn for the same period in 2012, the company announced on Tuesday, as a Norwegian regulator rebuked the company for a 2012 oil spill in the North Sea."