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Part of Elon Musk’s $15B tax bill will likely end up helping the fossil fuel industry

Teslarati

As per a report from The Environmental and Energy Study Institute , direct subsidies to the fossil fuel industry in the United States amount to a whopping $20 billion per year, about 80% of which go towards oil and gas. The remaining 20% is allocated for coal. Conservative estimates put U.S.

Tax 145
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US and China Presidents Announce US-China Electric Vehicles Initiative, Six Other Measures to Strengthen Cooperation Between the Countries on Energy Issues

Green Car Congress

The US-China Electric Vehicles Initiative builds on the first-ever US-China Electric Vehicle Forum in September 2009. The two leaders emphasized their countries’ strong shared interest in accelerating the deployment of electric vehicles in order to reduce oil dependence, cut greenhouse gas emissions and promote economic growth.

China 281
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Texas Clean Energy Project signs long-term CO2 offtake agreement with Whiting Petroleum for enhanced oil recovery; 90% CO2 capture from IGCC coal polygen plant

Green Car Congress

The TCEP would integrate coal gasification, combined-cycle power generation, CO 2 capture, and. We now have sales commitments in place for all three of TCEP’s main commercial products—electric power, urea for fertilizer, and CO 2 for enhanced oil recovery—and that is obviously key to getting this project underway.

Coal 186
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MIT Report Finds Natural Gas Has Significant Potential to Displace Coal, Reducing Greenhouse Gas Emissions; Role in Transportation More Limited

Green Car Congress

Natural gas will play a leading role in reducing greenhouse-gas emissions over the next several decades, largely by replacing older, inefficient coal plants with highly efficient combined-cycle gas generation, according to a major new interim report out from MIT.

MIT 240
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Tesoro and Savage form JV for crude-by-rail unloading and marine loading facility at Port of Vancouver USA

Green Car Congress

Tesoro Corporation subsidiary Tesoro Refining & Marketing Company LLC and Savage Companies have formed a joint venture to develop and to operate a new 120,000 barrel-per-day (bpd) crude-by-rail unloading and marine loading facility at the Port of Vancouver, Wash., subject to approval by regulatory agencies and Port Commissioners.

Mariner 210
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Mirant and RRI Energy to Merge to Create GenOn Energy; Second-Largest Independent Power Producer in US

Green Car Congress

Mirant Corporation and RRI Energy, Inc. have entered into a definitive agreement to create GenOn Energy, which will be the second-largest independent power producer in the United States (behind Exelon), with approximately 24,700 megawatts (MW) of electric generating capacity and a pro forma market capitalization of $3.1

Energy 186
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How Will EV Charging Powered by Renewable Energy Create a Greener World

Driivz

Renewables provide a less expensive and eco-friendly energy source as a means to handle the growing pressure on the grid caused by multiple factors including extreme temperature fluctuations driving up demand for more electric heating and cooling. For solar, individual photovoltaic cells transform sunlight directly into electricity.