Ayesha's Feed
Dec 1, 2012

Chinese bid for A123 may raise security risks: Senators

WASHINGTON (Reuters) – A Chinese company’s attempt to take over government-backed battery maker A123 raises serious national security concerns, a bipartisan group of lawmakers said this week, adding to growing congressional opposition to the deal.

China’s Wanxiang Group Corp is currently competing with U.S.-based Johnson Controls Inc to buy bankrupt A123, which makes lithium ion batteries for electric cars.

Nov 30, 2012

US launches new project to develop electric-vehicle batteries

WASHINGTON, Nov 30 (Reuters) – The Obama administration
launched a fresh $120-million research project Friday, aimed at
developing cheaper batteries for electric vehicles, a sector
that has faltered despite billions of dollars of prior
government investment.

The Energy Department will dole out the money over five
years to establish a research hub for batteries and energy
storage, backed by five national laboratories, five Midwestern
universities and four private firms.

Nov 29, 2012

US must assess fracking when weighing natgas exports-Sierra Club

WASHINGTON, Nov 29 (Reuters) – The Obama administration has
the tools to carry out a more extensive environmental review of
the effects of expanding U.S. natural gas exports, but has so
far refused to do so, the Sierra Club said in report released on
Thursday.

The environmental group is pushing the administration to
assess the impact of drilling as the Energy Department weighs
whether to allow more liquefied natural gas exports – a debate
that so far has centered mostly on economic arguments.

Nov 28, 2012

U.S. should allow LNG exports to go forward – senators

WASHINGTON, Nov 28 (Reuters) – The U.S. government should
allow companies to export surplus natural gas, the top
Republican on the Senate energy committee said on Wednesday in a
high-profile endorsement of the controversial issue.

Senator Lisa Murkowski of Alaska said LNG exports would
allow U.S. producers to take advantage of higher prices for gas
in places like Japan while spurring more domestic production.

Nov 19, 2012

US LNG export study by NERA consulting -sources

WASHINGTON, Nov 19 (Reuters) – A highly anticipated report
being produced for the U.S. Department of Energy on the economic
consequences of exporting U.S. natural gas, is being conducted
by NERA Economic Consulting, industry sources said.

The Energy Department has not revealed the identity of the
contractor it hired to conduct an analysis of liquefied natural
gas exports.

Nov 16, 2012

Battery maker A123 got US funds as it sought bankruptcy

WASHINGTON, Nov 16 (Reuters) – The Obama administration
provided struggling battery maker A123 Systems Inc
with nearly $1 million on the day it filed for bankruptcy, the
company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric
cars, filed for Chapter 11 bankruptcy protection last month
after a rescue deal with Chinese auto parts supplier Wanxiang
Group fell apart.

Nov 16, 2012

Exclusive: U.S. gave A123 $1 million as it filed bankruptcy

WASHINGTON (Reuters) – The Obama administration provided struggling battery maker A123 Systems Inc with nearly $1 million on the day it filed for bankruptcy, the company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese auto parts supplier Wanxiang Group fell apart.

Nov 16, 2012

U.S. gave A123 $1 mln as it filed bankruptcy

WASHINGTON, Nov 16 (Reuters) – The Obama administration
provided struggling battery maker A123 Systems Inc
with nearly $1 million on the day it filed for bankruptcy, the
company told lawmakers investigating its government grant.

The company, which makes lithium ion batteries for electric
cars, filed for Chapter 11 bankruptcy protection last month
after a rescue deal with Chinese auto parts supplier Wanxiang
Group fell apart.

Nov 14, 2012

US decision on LNG exports will not be “outsourced” -Energy Dept

WASHINGTON, Nov 14 (Reuters) – The Obama administration will
not base its decision on whether to expand natural gas exports
solely on a long-awaited external study on the economic effects
of sending gas abroad, an Energy Department official said
Wednesday.

Chris Smith, Deputy Assistant Secretary for Oil and Natural
Gas at the Energy Department, said the government-commissioned
report, expected by the end of the year, will be only one factor
the department will consider as it weighs allowing additional
gas exports.

Nov 13, 2012

New U.S. LNG export approvals face long wait – Cheniere Energy

WASHINGTON, Nov 13 (Reuters) – The United States will not
fully permit additional liquefied natural gas export projects
before late 2013 or 2014, a Cheniere Energy Inc
executive said on Tuesday.

Regardless of how soon the Obama administration makes a
decision on expanding exports, it will likely take 12 to 18
months for companies to make it through the complicated
permitting process at the Federal Energy Regulatory Commission
(FERC), said Davis Thames, president of marketing at Cheniere.

    • About Ayesha

      "A Howard University graduate, I began my career at Reuters as an intern covering hotels and airlines in New York. I now work in Washington D.C. covering energy policy and regulations."
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