(Reuters) – Fisker Automotive Inc, which has not built a vehicle since July, has the potential to succeed and repay nearly $200 million in government loans if the “green” car maker is able to find the right “financial and strategic resources,” according to former CEO Henrik Fisker.
Problems with the parts suppliers, delays in regulatory approval and recalls of its flagship Karma plug-in hybrid sports car were among the issues that dogged the automaker over the last few years, Fisker plans to tell lawmakers during a congressional committee hearing later on Wednesday.
April 24 (Reuters) – Fisker Automotive Inc, which has not
built a vehicle since July, has the potential to succeed and
repay nearly $200 million in government loans if the “green” car
maker is able to find the right “financial and strategic
resources,” according to former CEO Henrik Fisker.
Problems with the parts suppliers, delays in regulatory
approval and recalls of its flagship Karma plug-in hybrid sports
car were among the issues that dogged the automaker over the
last few years, Fisker plans to tell lawmakers during a
congressional committee hearing later on Wednesday.
WASHINGTON, April 23 (Reuters) – The Obama administration
may be just weeks from announcing decisions on whether some of
more than a dozen companies will be allowed to export U.S.
natural gas, the chief executive of one of the applicant firms
said on Tuesday.
Thomas Farrell, the head of Dominion Resources,
expressed confidence that the Energy Department would move
forward on applications to export liquefied natural gas in the
WASHINGTON, April 15 (Reuters) – The Obama administration on
Monday renewed an interagency agreement that backs the
development of biofuels for the aviation industry and reiterated
its support for embattled federal renewable fuel targets.
U.S. Agriculture Secretary Tom Vilsack and Transportation
Secretary Ray LaHood signed a pact extending a program that has
worked with the private sector and rural communities to create
an alternative to fossil fuels for aviation.
WASHINGTON, April 12 (Reuters) – The chairman of the Senate
Energy and Natural Resources Committee on Friday questioned
whether the United States would be able to meet federal biofuel
targets and pledged to take a closer look at the mandate’s link
to gasoline prices.
Democrat Ron Wyden of Oregon said the panel plans to spend
“a lot of time” examining the nation’s renewable fuel mandate,
especially as it relates to the gasoline costs Americans pay at
WASHINGTON, April 10 (Reuters) – U.S. ethanol producers are
taking their case for protecting the nation’s biofuel mandate
directly to lawmakers this week, as the latest Congressional
push to revamp federal renewable fuel targets kicks off on
Growth Energy, a pro-ethanol trade group, said producers
from Illinois, Colorado, Iowa and other Midwestern states would
meet with their representatives in Congress to parry what they
called a “desperate” attempt by oil companies to stamp out
renewable fuel use.
WASHINGTON (Reuters) – President Barack Obama’s picks to lead energy and environmental policy face scrutiny this week as Senate panels try to tease out details of the administration’s agenda, which had been maligned by Republicans and some Democrats during Obama’s first four years.
Both nominees are Massachusetts natives with Washington experience. Nuclear physicist Ernest Moniz, Obama’s nominee for energy secretary, will appear before the Senate Committee on Energy and Natural Resources on Tuesday.
WASHINGTON (Reuters) – The U.S. Interior Department on Thursday laid out its latest requirements to enhance safety for offshore oil and gas drillers, as the government pushes companies to advance worker protections.
The new workplace safety rules build on a set of regulations implemented more than two years ago that mandated offshore operators submit detailed plans regarding their procedures for preventing worker accidents and other dangerous events.
WASHINGTON (Reuters) – A Senate committee on Thursday approved Sally Jewell’s nomination to lead the Interior Department, after the Obama administration struck a last-minute deal with a Republican senator over the construction of an emergency road for a remote town in Alaska.
With a vote of 19 to 3 in favor, Jewell’s nomination will now move on for consideration by the full Senate.
WASHINGTON, March 20 (Reuters) – Two senior Republican
senators on Wednesday joined the oil industry in warning that
the U.S. ethanol mandate could push up gasoline prices for
consumers ahead of the summer driving season.
The ethanol mandate requires increasing volumes of biofuels
to be blended into the U.S. fuel supply each year through 2022.
Refiners buy credits, or RINs, from producers of renewable fuels
to comply with the federal targets.