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Marathon OilCorporation announced that its Droshky development in the deepwater Gulf of Mexico has begun production on time and under budget. This marks the first new deepwater production since the Obama Administration halted drilling after the Deepwater Horizon accident.
In an speech at Argonne National Laboratory today, President Obama called on Congress to establish a new Energy Security Trust (EST) to invest in critical, breakthrough research focused on developing cost-effective transportation alternatives. —President Obama. Oil dependence is one of the greatest threats to U.S.
In a speech at Andrews Air Force Base today, President Obama said that the Environmental Protection Agency (EPA) and the Deport of Transportation (DOT) will sign the joint final rule establishing greenhouse gas emission standards and corporate average fuel economy standards for light-duty vehicles for model years 2012-2016 tomorrow.
AT&T has placed 5,000 alternative-fuel vehicles (AFVs) on US roads since the company embarked on a 10-year commitment of up to $565 million to deploy approximately 15,000 alternative fuel vehicles through 2018, including one of the largest US corporate commitments to compressed natural gas (CNG) vehicles to date. Earlier post.)
Barack Obama (D-Ill.) Barack Obama on Energy Independence Remarks of Senator Barack Obama Governor's Ethanol Coalition Washington, DC Feb. 28, 2006 In this year's State of the Union address, President Bush told us that it was time to get serious about America's addiction to foreign oil.
and Syntroleum Corporation. a renewable oil and bioproducts company, will help Dynamic Fuels fulfill the contract, which the Navy and the US Department of Agriculture (USDA) report is the single largest purchase of biofuel in US government history. Solazyme, Inc., The fuel will be delivered to the U.S. Navy in May 2012.
Eligible entities include Indian tribes, State or local governments, corporations, farmer co-ops, agricultural producer associations, higher education institutions, rural electric co-ops, public power entities or consortiums of any of the above. million loan guarantee to build a refined alga oil commercial facility.
TransCanada Corporation, saying it was “ disappointed ” by the decision on Wednesday to deny the Presidential Permit for Keystone XL ( " src=" ">, also said it remains fully committed to the construction of the pipeline. Ninety-nine percent of our oil exports currently flow to the United States. —Minister Oliver.
The US Department of Energy (DOE) announced 16 major US employers and two stakeholder groups have joined the Workplace Charging Challenge ( earlier post ), while another 3 US corporations have joined the National Clean Fleets Partnership. National Clean Fleets Partnership.
TransCanada Corporation has informed the US Department of State (DOS) that it plans to file a Presidential Permit application (cross-border permit) in the near future for the Keystone XL Project from the US/Canada border in Montana to Steele City, Nebraska. The approximate cost is US$2.3 Cross-border Project.
Funds from USDA’s Commodity Credit Corporation (CCC) will assist the effort. The Farm-to-Fleet initiative we are announcing today is important to advancing a commercial market for advanced biofuel, which will give us an alternative fuel source and help lessen our dependence on foreign oil. —Navy Secretary Ray Mabus.
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. The US-China Electric Vehicles Initiative builds on the first-ever US-China Electric Vehicle Forum in September 2009.
The Obama Administration has made a goal of developing cost-effective deployment of CCS within 10 years, with an objective of bringing 5 to 10 commercial demonstration projects online by 2016. Archer Daniels Midland Corporation (Decatur, Ill.)-The The selections announced today are expected to capture and store 6.5
The study— Analysis of Policies to Reduce Oil Consumption and Greenhouse-Gas Emissions from the US Transportation Sector —finds that reducing CO 2 emissions from the transportation sector 14% below 2005 levels by 2020 may require fuel prices above $8/gallon by 2020. million barrels per day, relative to 2008 levels.
The proposal builds upon the core principles President Obama announced in May for a harmonized national policy intended to reduce fuel consumption and greenhouse gas (GHG) emissions for all new cars and trucks sold in the US.( Earlier post.). The proposal and information about how to submit comments are here for EPA and here for NHTSA.
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. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry.
Freightliner Custom Chassis Corporation; Ohio State University; Oak Ridge National Laboratory; Purdue University; and the University of Michigan. In the United States, freight hauling by truck accounts for more than 15% of our oil use, and nearly 60% in China. The multidisciplinary consortium includes Cummins Inc.;
DOT’s National Highway Traffic Safety Administration (NHTSA) is proposing Corporate Average Fuel Economy (CAFE) standards under the Energy Policy and Conservation Act (EPCA), as amended by the Energy Independence and Security Act (EISA), and EPA is proposing national greenhouse gas (GHG) emissions standards under the Clean Air.
Since President Obama signed ARRA into law in February, grants totaling more than $7.2 Greater Lafayette Public Transportation Corporation, Indiana: $2,180,000. Delaware Transit Corporation, Delaware: $1,500,000. billion have been made available for transit improvements throughout the US. The DOT is making $48.1
Veteran automakers, oil companies, and federal and state governments have been both the prime movers and obstacles to plug-in cars in the past and they remain so today. President Obama has stated a commitment to 1 million plug-in cars by 2015. The open question is what forces will drive the process and therefore at what pace.
This is not much different from diesel and gasoline which are produced from refining and cleaning crude oil (a process which heavily involves the use of hydrogen). He was previously Vice President of Corporate Venturing at Rolls-Royce plc. On the 1 st of May 2014, the California Energy Commission announced that it will invest $46.6
In an earlier rulemaking, NHTSA reformed the corporate average fuel economy (CAFE) standards with a size-based standard based on footprint. Low-friction lubricants: low viscosity and advanced low friction lubricants oils are now available with improved performance and better lubrication. Data: Preliminary Regulatory Impact Analysis.
News | Markets | Technology | Personal Finance | Small Business | CNN.com RSS Newsletters Video Home Fortune 500 Technology Investing Management Rankings Andy Grove on battery power To wean itself from imported oil, the U.S. More from Fortune Obama exclusive: Business needs to work with me 28 top companies: Theyre hiring! To keep U.S.
President Obama made the announcement on August 6th in Elkhart, Indiana, during a speech in which he discussed a national investment in electric drive vehicles and component manufacturing facilities. “The Dewey, Allison Transmission Chairman and CEO. Congressman Steve Buyer. Assistance on the state level included, through Gov.
US President Barack Obama announced fuel efficiency and greenhouse gas emission standards for medium- and heavy-duty vehicles. Under the new program, trucks and buses built in 2014 through 2018 will reduce oil consumption by a projected 530 million barrels and greenhouse gas (GHG) pollution by approximately 270 million metric tons.
. “In 25 years from now, millions of buildings … will be constructed to serve as both ‘power plants’ and habitats,&# says writer and economist Jeremy Rifkin, who has advised governments and corporations on tackling climate change and energy security. Oil is the alternative. Alternative is no longer an alternative.
Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. Drilling oil and gas wells requires a lot of money. For companies that have seen their revenues vanish because of collapsing oil prices, access to credit is obviously critically important. billion in 2014.
At an event in Washington, President Obama announced that the Smart Manufacturing Leadership Coalition (SMLC) will lead the new Smart Manufacturing Innovation Institute, in partnership with the Department of Energy. The Smart Manufacturing Innovation Institute is the ninth manufacturing hub awarded by the Obama Administration.
Dr. Paul addressed a positive change—the days of increasing US oil consumption may be over. “ We reached peak oil consumption in the US in 2008 and the same is true in the EU and Japan. ” M barrels/day of oil within the next 10 years ”. Renewable energy projects are frequently financed with project rather than corporate finance.
Early Days in the Obama Administration An Address I'd Like to Hear Global Warming Solutions Included in Transportatio. Millions of EVs and PHEVs would expand the sale of electricity as an alternative to oil. No more Big OIL - think of the extra money stimulating the economy! Here we go again.or Carbon trading vs t.
He knows that fracking California just helps put the unneeded nail in the coffin and that our current national orgy of oil production is the climate’s sodom and Gomorrah. Waxman knows that the Canadian tar sands are game over for the climate. Fair enough, Henry. Go in peace.
Trump has always pushed for more oil drilling and fewer regulations, left the Paris Agreement in his first term as president, says he hates “windmills,” promised to scrap offshore wind on “day one” if he won the 2024 election, and calls climate change a “scam.” Corporations are also key players. 1 in the US for both solar and wind.
Under President Obama, the EPA set the first federal greenhouse gas standard for cars. President Biden has made it clear that he intends to strengthen environmental regulations across the board, and his administration is expected to reinstate the Obama-era emissions standards, and possibly go beyond them.
However, the CEO of the nation’s largest EV company, whose personal and corporate mission is supposedly to ensure a transition to sustainable transport, is still backing a ticket that routinely lies about EVs and would subsidize polluting gas vehicles. Read More : Trump says he’ll end the EV mandate. The only problem: there isn’t one.
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