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US President Barack Obama announced a transportation infrastructure spending plan to expand and renew US roads, railways and runways. Obama is also proposing a long-term framework to reform and expand our nation’s investment in transportation infrastructure. The plan envisions a front-loaded $50-billion investment in the first year.
President Obama today announced nearly $4 billion in combined federal and private sector energy upgrades to buildings over the next 2 years. The new commitments were announced by President Obama and former President Clinton along with representatives from more than 60 organizations as part of the Better Buildings Challenge.
Among the transportation-related elements of US President Barack Obama’s new climate action plan, which he is outlining today in a speech at Georgetown University, is the development of new fuel economy standards for heavy-duty vehicles post-2018. Earlier post.). Providing a toolkit for climate resilience. Energy Efficiency.
At a meeting with a bipartisan group of governors from around the country, President Barack Obama yesterday laid out three measures intended to work in concert to boost biofuels production and reduce US dependence on petroleum. President Obama. Renewable Fuels Standard (RFS2). Earlier post.)
In a statement livecast on the Internet by the White House, President Barack Obama said that neither of the restructuring plans submitted by GM and Chrysler “ goes far enough to warrant substantial new investment. ”. President Obama. President Obama. Earlier post.). The US government has no interest in running GM.
Separately, California’s Proposition 1B finances projects to reduce diesel emissions from freight transportation. The Department of Transportation, for instance, typically funds diesel retrofits at $45 million annually through its Congestion Mitigation and Air Quality Improvement program. In addition, $7.1
This program was signed into law by President Bush in 2008 and then awarded under the Obama administration in the years that followed. The Department first offered loans to Tesla and other auto manufacturers in June 2009, when car companies couldn’t get other financing and many people questioned whether the industry would survive.
a federal mileage fee—as a way to reform financing of the US transportation infrastructure. The recommendation is part of the final report issued by the National Surface Transportation Infrastructure Financing Commission, “ Paying Our Way: A New Framework for Transportation Finance ”. The nation faces a crisis. Paying our Way”.
US President Barack Obama has established a Biofuels Interagency Working Group, to be co-chaired by the Secretaries of Agriculture and Energy and the Administrator of the Environmental Protection Agency, to further the research, development and commercialization of biofuels.
Panda Power Funds has financed the 1,124 megawatt Panda “Hummel Station” power plant—one of the largest coal-to-natural gas power conversion projects in the United States. The plant will be located at the site of the retired Sunbury coal-fired power plant near Shamokin Dam in Snyder County, Pennsylvania.
Green Car Congress attended the Renewable Energy Finance Forum - Wall Street (REFF-Wall Street) conference (23-24 June) sponsored by Euromoney Energy Events and the American Council on Renewable Energy (ACORE). Renewable energy projects are frequently financed with project rather than corporate finance. by Bill Cooke.
The new Obama Administration proposal to increase fuel efficiency standards for cars and light trucks to an average 54.5 By law, these excises are the primary revenue source for financing road, bridge and transit projects. The less motor fuel used by drivers, the less revenue generated for improvements financed through the HTF.
In a deal brokered by the city’s newly commissioned Citizens Environmental Task Force, Exxon/Mobil, owners of the Exxon/Mobil Refinery in the City of Torrance agreed today to fund a bond that will make low cost financing of solar energy systems for home and apartment owners. Task Force Funding.
Although overshadowed by the announcement on denial of a Presidential Permit to build the Keystone XL pipeline ( earlier post ), on Friday, the Obama administration also on Friday announced and highlighted a number of actions to sustain and advance nuclear energy in the US.
Charging infrastructure financing: Unlocking Up $4.5 Loan guarantees can be an important tool to commercialize innovative technologies because these projects may be unable to obtain full commercial financing due to the perceived risks associated with technology that has never been deployed at commercial scale in the United States.
President Obama today transmitted the proposed $3.8-trillion Select EERE Programs and Financing (US$ millions). trillion FY 2011 Budget to the US Congress. The President’s 2011 Budget provides $28.354 billion for the Department of Energy (DOE) in discretionary budget authority—an 8.9% increase over FY 2009 actuals and a 7.4%
Finance structures would be created and funded by developed countries, encouraging developing countries and emerging economies to minimize future emissions and adapt to future effects of climate change. degrees Celsius. I think we’re going to have a pretty good sense of what countries are doing.
Novus is working with an Oregon lender, Old West Federal Credit Union, to finance the project. Since the start of the Obama Administration, USDA has invested $765 million in nine biorefineries that have produced 150.1 USDA hopes to finalize loan terms with Novus and Old West by summer. million gallons of advanced biofuels.
In his State of the Union speech Tuesday night, President Obama proposed “ we use some of our oil and gas revenues to fund an Energy Security Trust that will drive new research and technology to shift our cars and trucks off oil for good. John Larson (D-CT-1) introduced H.R. 3416: America’s Energy Security Trust Fund Act.
of vehicle sales), far below levels required to meet the Obama administration’s goal of one million PEVs on the road by 2015. Making loans and financing more accessible for PEV buyers. Despite extensive government programs and incentives, PEV sales in the US reached only ~53,000 in 2012 (0.3%
In October, President Obama issued a memorandum to executive departments and agencies directing agencies with federal laboratories to accelerate technology transfer and commercialization of research, and to take steps to increase partnerships between businesses and laboratories.
Establish state and local programs for financing of efficiency measures, which may use repayment on utility bills or on property tax bills (the capital could be provided by institutional investors). Make all cost-effective efficiency improvements to federal buildings, using private financing and public funds. Energy 2030.
The Obama Administration is awarding $8 billion in three conditional loan commitments for the development of innovative, advanced vehicle technologies: $5.9 billion in loans through 2011 to help finance numerous engineering advances to traditional internal combustion engines and electrified vehicles. billion for Ford Motor Company; $1.6
The assessment comes on the heels of a national climate action plan announced by President Obama. As an acceptable condition for US government support for public financing of new coal plants overseas. Earlier post.). The US Energy Information Administration (EIA) estimates that in 2011, the United States emitted 5.5 metric gigatons.
President Obama and Prime Minister Singh launched the US-India Partnership to Advance Clean Energy (PACE) in November 2009 to accelerate the transition to high performing, low emissions, and energy secure economies. The Joint Clean Energy Research and Development Center is part of the US-India Partnership to Advance Clean Energy.
Tuesday night, President Obama will speak to the nation about the Gulf catastrophe. Tuesday night President Obama will address our nation. The missing piece we dream President Obama will follow up with is an emergency-response roadmap to a world where increasingly scarce and costly oil is used only when needed.
The 15 th Congress, also known as the 15 th Conference of Parties, or COP 15, was initially intended to be a largely procedural summit, with many major negotiating points settled and most environmental ministers prepared to sign a binding emissions treaty that contained specific emissions targets as well as commitments to financing structures.
The Obama Administration’s recent extension of the offshore oil-drilling moratorium through 2011 has also renewed investor interest in on-shore oil reserves. CCS still faces great uncertainty, however, regarding its commercial viability, public financing levels, enabling policies and potential markets for captured CO 2.
To establish policy recommendations and financing options for reducing black carbon/diesel sources across the Arctic region. Benefits of reducing soot in the Arctic. In a presentation at the 242 nd National Meeting & Exposition of the American Chemical Society (ACS), Mark Z.
Who grinned--and who grimaced--while looking over the Chevy Bolt EV 200-mile electric car? And, why did Tesla Motors sue a German supplier that worked on the development of its Model X? This is our look back at the Week In Reverse--right here at Green Car Reports--for the week ending on Friday, January 22, 2016.
So far, President Barack Obama has announced no new federaleffort to promote the fuel, and federal funding for hydrogen fortransportation use in the 2009 budget dropped to $177.7 Tax Credits Instead, Obama backed tax credits of as much as $7,500 inthe stimulus package approved in February for buyers of plug-incars. “We
Establishing a new program to finance planning, design, and construction of high-speed rail. The existing transportation reauthorization act, which is financed by the Highway Trust Fund, expires on 30 September 2009. The current user fees generate only enough revenue to finance a $35.1 Highway account balance. Source: DOT.
My new solar system only needs to be 2 kilowatts now instead of 4 – which is good because solar’s still too damn expensive and the process for putting AB 811 financing in place is taking too damn long, (and that’s another Greenius post that I’m still working on).
And as if on cue, the White House announced last week that President Barack Obama on Wednesday will visit Solyndra. . “Clearly it’s a goal of ours to be a hub of clean- and green-tech, and Tesla and Solyndra are two big players in that arena.&#. Some doubts left.
The taxpayer is financing the American automakers’ survival and their future. President Obama has stated a commitment to 1 million plug-in cars by 2015. Tags: biofuels nissan GM zev mandate cafe standards barack obama battery electric car. However, the power relationships have shifted somewhat. Will we get our money’s worth?
We know that Secretary of Energy Moniz recently admitted that the Obama administration’s ambitious and encouraging goal of one million EVs on American roads by 2015 is unattainable. Volkswagen would like to see federal financing support for establishing fast charging networks in urban areas and interstate corridors.
Since President Obama signed ARRA into law in February, grants totaling more than $7.2 Material is being financed and procured through the New York Power Authority. billion have been made available for transit improvements throughout the US. The DOT is making $48.1 TIGGER will fund the labor portion of the project only.
The first conditional loan commitments reached as part of the Department of Energy’s Advanced Technology Vehicles Manufacturing programme has been awarded by the Obama administration. Ford’s award will help finance a number of engineering advances to traditional internal combustion engines and electrified vehicles.
I introduced myself to Linda Cessna, the lead staff member, and someone I’ve been corresponding with since last year about the City’s participation in the the new solar financing program, AB 811. Linda is the Deputy Community Development Director of the City of Torrance and the staff liaison with the commission.
That’s right my friends, while others are cutting back, downsizing, slowing down and pulling back, your Creative Greenius is not only Ready to Go, I’m already going, baby, and I’m moving at Obama speed. Using AB 811 To Finance Solar PV Installation : Finding the Green to Green the Grid, House By House.
News Heard on the Street Obamas First 100 Days Weekend Europe WSJ. The way Obama and the radical left who have highjacked congress are going, we will not doubt have a gasoline and energy crisis before Obama’s 1st term ends. This is the 21st century and I would like to have my flying car now.
Obama Tilts to CIA on Memos 1. Obama Calls for Simpler Tax Code 185 comments 2. Home World U.S. Opinion: Glenn Harlan Reynolds: Tax Day Becomes Protest Day 2. Hong Kong Joins Global Ark Regatta 3. AT&T Chief Presses for iPhone Subscriber Content Read Preview 4. Highflying Financier Faces Questions 5. Pirates Vs. the Rest of Us 2.
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!
automakers in their own market. The Promise China announced new efforts early this month to become one of the world’s top manufacturers of hybrid and electric cars within the next three years, which could mean a significant challenge to the electric car efforts undertaken by struggling U.S.
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