WASHINGTON (Reuters) – The U.S. Energy Department on Wednesday unveiled a plan for up to $4 billion in loan aid for renewable energy companies to help rejuvenate a program that faced harsh political attacks over past failures of federally subsidized projects.
The Obama administration’s draft plan would provide loan guarantees for innovative projects that limit or avoid greenhouse gas emissions.
WASHINGTON, April 16 (Reuters) – The U.S. Energy Department
on Wednesday unveiled a plan for up to $4 billion in loan aid
for renewable energy companies to help rejuvenate a program that
faced harsh political attacks over past failures of federally
The Obama administration’s draft plan would provide loan
guarantees for innovative projects that limit or avoid
greenhouse gas emissions.
WASHINGTON, April 14 (Reuters) – The U.S. Energy Department
on Monday renewed ConocoPhillips’ permit allowing the
company to export liquefied natural gas from Alaska to all
The approval was largely expected, as the U.S. government
has long allowed LNG exports from Alaska’s Kenai terminal,
issuing its first permit allowing the shipments in 1967.
WASHINGTON, April 7 (Reuters) – Federal judges on Monday
pressed the Obama administration to explain delays that have
plagued its implementation of the U.S. biofuel mandate, as the
government attempted to fend off an oil industry challenge to
renewable fuel use targets.
In a case before the U.S. Court of Appeals for Washington
D.C., the American Petroleum Institute and the American Fuel and
Petrochemical Manufacturers argued the 2013 biofuel use targets
should be thrown out because the administration acted
“arbitrarily and capriciously” when it issued the targets nearly
nine months after its legislative deadline.
WASHINGTON, April 4 (Reuters) – Republican lawmakers said on
Friday over regulation has prevented a shale oil boom in
California and if eased, could boost production in the state and
reduce its dependence on foreign energy.
With more than an estimated 15 billion barrels of oil,
according to the U.S. Energy Information Administration,
California’s Monterey shale formation is twice as large as North
Dakota’s Bakken formation. That state has risen to become the
second-largest U.S. oil producer in recent years, behind Texas.
WASHINGTON, April 2 (Reuters) – The Obama administration
said on Wednesday it has revised its review process for advanced
vehicle loans, hoping to jump-start a stalled program that still
has more $16 billion in available funding.
The Department of Energy (DOE) sent a letter to the Motor
and Equipment Manufacturers Association on Wednesday to clarify
that a wide range of component makers would be eligible for
loans through the program, as well as outlining measures to
improve communication with applicants and speed up reviews.
WASHINGTON, March 31 (Reuters) – The U.S. environmental
regulator has raised concerns that a federal review of Sempra
Energy’s proposed liquefied natural gas export project
did not include an assessment of the potential effects of more
natural gas drilling.
The Environmental Protection Agency issued its finding
earlier this month. It urged the Federal Energy Regulatory
Commission to weigh indirect greenhouse gas emissions and other
environmental effects that would flow from the increase in gas
drilling needed to support exports from the Cameron plant in
WASHINGTON, March 28 (Reuters) – The U.S. Energy Department
will soon issue a plan to offer loan aid for renewable energy
projects, Energy Secretary Ernest Moniz said on Friday, doubling
down on investments that have drawn intense criticism over past
government-backed business flops.
A department loan program funded by the 2009 economic
stimulus law that backed solar, wind and geothermal projects was
widely attacked by Republicans after the high-profile failure of
solar panel manufacturer Solyndra.
WASHINGTON (Reuters) – U.S. energy markets cannot absorb the levels of biofuels required by law to be blended into the fuel supply in 2014, Environmental Protection Agency head Gina McCarthy said on Thursday, defending a controversial proposal to slash the target for this year.
The EPA is working on final 2014 biofuel use targets after issuing a proposal in November that slashed federal requirements for ethanol in U.S. fuel supplies.
WASHINGTON, March 25 (Reuters) – The U.S. shale gas boom
should be used to rein in Russian influence on American allies
in Europe and on Ukraine, a key senator said on Tuesday, as
lawmakers weighed changes to export policy to take into account
a shifting geopolitical landscape.
European worries about the security of energy supplies have
skyrocketed since Russian forces seized control of the Crimean
peninsula from Ukraine this month. Moscow has in years past cut
gas supplies during regional disputes.