Oct 16 (Reuters) – A123 Systems, which had received
a $249 million grant from the U.S. government, filed for Chapter
11 bankruptcy protection on Tuesday, giving Republicans fresh
ammunition to attack the Obama administration’s subsidies for
The filing came after the lithium-ion battery maker’s $465
million rescue deal with Chinese auto parts supplier Wanxiang
Group collapsed, hobbled by “unanticipated and significant
challenges,” A123 said on its website.
WASHINGTON (Reuters) – Congressman Edward Markey has asked the Commerce Department for more details about companies applying to ship U.S. crude oil out of the country, after Royal Dutch Shell (RDSa.L: Quote, Profile, Research, Stock Buzz) confirmed last week it is seeking permission to export oil.
A rapid rise in U.S. oil and gas production from unconventional shale sources has led to questions about whether the United States should keep its newfound energy bounty to itself, or allow for more exports.
WASHINGTON, Oct 10 (Reuters) – U.S. Republican lawmakers on
Wednesday pressed the Obama administration for more information
about its decision to back, and then stop funding, a
now-bankrupt solar company, with a report now saying the company
may have been selling a faulty product.
The request from leaders of the Republican-led House Energy
and Commerce committee marked the latest probe of the
administration’s energy loan program, which has become a
lightning rod for critics after the high profile failure of
solar panel maker Solyndra.
WASHINGTON, Oct 9 (Reuters) – U.S. regulators are having a
tough time keeping pace with rapidly expanding shale oil and gas
development, according to a report from a government watchdog
released on Tuesday.
Legal limitations and a lack of key data have hampered the
Environmental Protection Agency’s oversight of shale production,
said the report from the Government Accountability Office,
Congress’ non-partisan investigative arm.
WASHINGTON (Reuters) – The U.S. federal budget fight might prevent a timely study of the country’s new energy bonanza, a senior official said, and stands in the way of data that could help ease volatility that is costly to energy companies and traders alike.
New production of shale gas in Pennsylvania and petroleum in the Dakotas is already shaping policy, but the country’s energy study agency is not collecting timely and thorough data from those reserves.
WASHINGTON (Reuters) – A year after the U.S. government raced to meet a deadline to finish loan agreements with dozens of clean energy companies, less than half the total money promised has been handed over.
Technical questions and companies’ own failures in hitting contractual milestones are behind some of the holdups.
WASHINGTON, Oct 2 (Reuters) – A year after the U.S.
government raced to meet a deadline to finish loan agreements
with dozens of clean energy companies, less than half the total
money promised has been handed over.
Technical questions and companies’ own failures in hitting
contractual milestones are behind some of the holdups.
WASHINGTON (Reuters) – The Obama administration on Monday once again delayed release of a report on expanding liquefied natural gas exports, likely pushing beyond the election a decision on the potentially contentious issue of sending U.S. gas abroad.
Commissioned by the Energy Department to examine the economic impact of LNG exports, the report by an unidentified third-party contractor is now expected to be completed by the end of the year.
WASHINGTON, Aug 14 (Reuters) – A prominent U.S. lawmaker on
Tuesday urged the U.S. government to take “aggressive action”
against the small South Pacific island nation of Tuvalu for
reflagging Iranian oil tankers.
Howard Berman, the top Democrat on the House Foreign Affairs
Committee, said Tuvalu had re-flagged 22 Iranian oil tankers and
continued to assist Iran despite warnings that it could face
CALGARY/WASHINGTON (Reuters) – The U.S. pipeline regulator raised the pressure on Enbridge Inc on Thursday over the latest spill on its U.S. oil pipeline network, demanding that it submit a plan to improve the safety of the entire 1,900 mile system before restarting a key Midwest line.
The U.S. Pipeline and Hazardous Materials Safety Administration said it added new conditions to this week’s corrective action order for the restart of Line 14 to address failures on that pipeline as well as a string of others in recent years on its U.S. system, part of the world’s longest network for moving oil and petroleum products.