In an attempt to stay relevant in the low carbon economy of the future, some leading oil and gas stakeholders have been ramping up their investments in renewable energy. BP is among that group, and the company just sank $200 million into a major solar energy deal with the company Lightsource. The new investment is especially noteworthy for the sharp contrast it makes with BP’s previous attempts to move “beyond petroleum.” [node:read-more:link]
Agriculture Secretary Sonny Perdue reiterated Tuesday that President Donald Trump will keep his support for the Renewable Fuel Standard, but said changes are needed to help the oil-refining industry deal with what is seen as speculation in the market for renewable fuel credits. [node:read-more:link]
Design is the first practical floating solar hydrogen-generating device to perform water electrolysis without pumps or membranes; could lead to low-cost, sustainable hydrogen production [node:read-more:link]
Illinois' taxing model for wind energy companies is touted as one of the best in the country, bringing in $30.4 million in property taxes in 2016, according to economic experts. Barton DeLacy, a tax expert from Chicago, said that the Illinois system is a good model that is very close to the value he gives to wind farms and is much more consistent than in other states. [node:read-more:link]
The U.S. renewable energy industry expressed relief after a compromise Republican tax bill preserved key tax credits that had been at risk of being removed, but it raised concerns about a provision that may threaten investment in the sector.The final tax bill retains the production and investment tax credits for wind and solar energy that have spurred investment in the fast-growth industries. It also eliminates the alternative minimum tax, which would have reduced the value of those credits. [node:read-more:link]
California and Washington state joined five nations on the Pacific coast of the Americas on Tuesday to agree to step up the use of a price on carbon dioxide emissions as a central economic policy to slow climate change.The U.S. states were acting in defiance of President Donald Trump who says he doubts that man-made greenhouse gas emissions from burning fossil fuels are the prime cause of global warming and plans to quit the 2015 Paris climate accord. [node:read-more:link]
Scientists have been looking for solutions to the food waste problem, and now researchers at Cornell University in Ithaca, New York, think they've hit upon a possible fix. They say that by making use of a pair of simple chemical processes — hydrothermal liquefaction and anaerobic digestion — we could turn food waste into environmentally friendly biofuel. [node:read-more:link]
One of the world’s biggest financial services companies is both dumping investments and ending insurance for controversial US oil pipelines, taking fossil fuel divestment to a new level.Axa is also quadrupling its divestment from coal businesses and increasing its green investments fivefold by 2020. [node:read-more:link]
The highway billboard at the entrance to town still displays a giant campaign photograph of President Trump, who handily won the election across industrial Ohio. But a revolt is brewing here in East Liverpool over Mr. Trump’s move to slow down the federal government’s policing of air and water pollution.The City Council moved unanimously last month to send a protest letter to the Environmental Protection Agency about a hazardous waste incinerator near downtown. Since Mr. Trump took office, the E.P.A. [node:read-more:link]
As another fevered push to open the pristine Arctic National Wildlife Refuge to energy exploration collapsed on the Senate floor in December 2005, Ted Stevens, then the powerful and wily Republican senator from Alaska, declared it “the saddest day of my life.” At that moment, it looked as though the decades-long fight over drilling in 1.5 million acres of the remote refuge could finally be at an end. Republicans essentially gave up for the remainder of the George W. [node:read-more:link]
