The U.S. Export-Import (Ex-Im) bank has given XCoal Energy & Resources, a coal-exporting firm, a $90 million loan guarantee. The decision has drawn the ire of environmentalists across the country.
Methane gas has bubbled up at three residential water wells and two streams in Bradford Country, Pennsylvania.
FirstEnergy Corp. shares rose nearly 2% in midday trading Thursday after the company said it will shut down six coal-fired power plants by September 1, 2012.
BP plc and Sempra Energy have announced plans to make a combined investment of $1 billion dollars to develop two wind farms.
Exelon Corporation has announced that its power plant operations subsidiary Exelon Power has brought a wind farm online in Michigan.
Japan-based Mitsui & Co., Ltd (MITSY.PK), one of the largest global “sogo shoshas (general trading companies)” in the world, has bought a $12-million stake in Tres Amigas, a continental grid interconnection which eventually aims to tie together the nation’s three major electricity networks, the Western Interconnection, the Eastern Interconnection, and the Texas Interconnection. It will do this while simultaneously integrating a wide array of renewable energy sources like solar and wind.
Rep. Dave Reichert (R-WA) and Earl Blumenauer (D-OR) have introduced legislation aimed at extending the Production Tax Credit, or PTC.