Amidst the growing population and the resultant energy demand, India is increasingly looking to diversify its energy resources. Renewable sources of energy are being tapped continuously and another source has recently been added to its vast repertoire, the industrial and urban waste. Considered useless until recently, technology has made it possible to extract energy efficiently [...]
Romney Energy Plan Would Expand Offshore Oil Drilling and on US Land
August 22, 2012 By Leave a Comment
The gloves are off, as we are just a few short months before the presidential election. This week, Mitt Romney plans to unveil an energy plan Thursday morning in Hobbs, N.M., that would allow states more control over the development of energy resources on federal lands within their borders, as well as aggressively expand offshore [...]
SEC to Require Rare Earth Purchase Accountability
August 22, 2012 By Leave a Comment
Apple Inc. (AAPL), Boeing Co. (BA) and thousands of other U.S.-listed manufacturers must scrutinize their purchases of four metals to make sure they don’t help fund human-rights abuses in Africa, according to a Securities and Exchange Commission rule adopted yesterday.
$250 Million Earmarked for India Renewable Energy Projects
March 29, 2012 By Leave a Comment
Despite record recent growth, India’s renewable energy industry remains underserved, largely due to the lack of available long-term funding availability from financial institutions. The Board of Directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has approved $250 million in financing to help India’s infrastructure lender increase its renewable energy [...]
Senate Wants to Keep Oil Subsidies Despite Record Oil Company Profits
March 29, 2012 By 1 Comment
The Senate voted against another chance to eliminate tax breaks from oil companies and apply those funds to extend renewable energy tax incentives and to reduce the US deficit. In a 51-47 vote, Sen. Robert Menendez’s (D-NJ) bill was voted down. Obama made the case for repealing the oil company subsidies, and instead routing the [...]
Total Energy Discovers Source of Offshore Gas Leak
March 29, 2012 By Leave a Comment
Energy giant Total has located the source of a gas leak on an offshore oil platform in the North Sea, the company told CNN on Thursday. The leak is not underwater, but is on the deck level of the well head platform.
