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Tag Archives: Green Energy

Communities bypass utilities to save money, push green power

ALBANY, N.Y. (AP) — Some New York communities are changing the way their residents buy electricity under an initiative designed to save people money while promoting locally-produced, renewable energy. New York is the seventh state to allow community choice aggregation, which lets cities, towns and villages form energy-buying groups that automatically enroll all residents and small businesses. Instead of buying ...

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Cuomo: 112,000 energy efficiency projects done since 2012

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ALBANY, N.Y. (AP) — Some 112,000 homes, hospitals, schools and commercial buildings in New York state have completed or begun energy efficiency projects through state programs intended to encourage clean energy. Gov. Andrew Cuomo announced the total on Wednesday. It includes 90,000 homes and 22,000 apartment buildings, hospitals, schools and commercial sites. All told, the projects will save consumers $341 ...

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Obama seeks $10-per-barrel oil tax to fund clean transport

In his latest effort to fight climate change, the Obama Administration announced plans to tax oil companies $10 dollars for every barrel produced. (Image: Joe Crimmings via Flickr)

WASHINGTON —President Barack Obama wants oil companies to pay a $10 fee for every barrel of oil to help fund investments in clean transportation that fight climate change. Obama will formalize the proposal Tuesday when he releases his final budget request to Congress. The $10-per-barrel fee is expected to be dead on arrival for the Republicans who control Congress and ...

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Desperately seeking strategy, utilities lost in low-carbon world

PARIS – European utilities executives meeting at the Paris Climate Conference know they are part of the problem. What they have not yet figured out is how to make money by being part of the solution to climate change. For decades, power plants owned by the likes of RWE, Enel and EDF have been among Europe’s worst polluters. When governments ...

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Bill Gates in Paris to launch global clean energy fund

PARIS — Bill Gates and a powerful coalition of top Silicon Valley thinkers, leaders and philanthropists will announce on Monday two initiatives created to spend tens of billions of dollars in the next five years to develop clean energy technology in efforts to fight global warming. Along with the 10-campus University of California system — with its three national energy ...

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Ballot board splits clean energy plan

COLUMBUS — A state panel on Tuesday doubled the amount of work that backers of a $14 billion borrowing proposal for green energy projects must do to get on the ballot. The Ohio Ballot Board, by a 3-1 party-line vote, determined that the proposed Ohio Clean Energy Initiative would change two sections of the state constitution, which would require those ...

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Silverstein: Natural gas will give the industry the ‘oomph’ it needs

Renewable energy creates jobs and helps minimize air pollutants, but the growth of America’s energy sector is hinged on good ol’ oil and gas, according to Forbes columnist Ken Silverstein. “If the United States is to see the 3.6 percent growth in annual output, the oomph will come from the increase in oil and natural gas production,” Silverstein writes. “Ironic, ...

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Hong Kong regulator probes Hanergy for market manipulation

HONG KONG – Chinese green energy firm Hanergy, whose shares plunged nearly 50 percent on Wednesday, is under investigation by Hong Kong’s market watchdog for alleged market manipulation, a source familiar with the situation told Reuters. The source said the Securities and Futures Commission (SFC) had been investigating Hanergy Thin Film Power Group for several weeks. “They’re being investigated over ...

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Energy Pipeline: Colorado investors look favorably to both traditional and green energy

While 73 percent of Colorado high-net-worth investors support fracking of shale deposits to develop oil and gas resources, 86 percent of them agree that the U.S. should invest in programs to increase energy efficiency, according to Morgan Stanley’s Investor Pulse Poll. High-net-worth investors are individuals who have investable assets exceeding $100,000. Morgan Stanley conducted the survey in late 2014 to ...

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Pa. Gov. Wolf’s budget to boost green energy on back of fossil fuels

green energy

Gov. Tom Wolf is looking to borrow money to inject millions of dollars in subsidies and grants into Pennsylvania’s renewable energy industry. In his proposed $30 billion budget for the 2015-16 fiscal year, Wolf would fund several energy initiatives by issuing $675 million in bonds. He would pay the interest on the bond money with $55 million from a proposed ...

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