The plan is part of Biden’s broader effort to rapidly transition the U.S. economy to net zero greenhouse gas emissions to fight climate change. New Delhi: The administration of U.S. President Joe Biden said on Monday that it has set a goal to vastly expand the nation’s offshore wind energy capacity in the coming decade […]
Bipartisan Legislation Would Strengthen Federal Incentives for Carbon Capture Removal and Storage – Essential for Addressing Climate Change
Today, the Senate introduced the Carbon Capture, Utilization, and Storage Tax Credit Amendments Act. This legislation would enable carbon capture, utilization, and storage (CCUS) and direct air capture (DAC) projects to access necessary federal incentives for reducing CO2 emissions. The bill would enhance the 45Q tax credit for CCUS and DAC by extending the commence […]
Billionaire takes on Elon Musk in electric vehicle vs hydrogen debate
Iron ore billionaire Andrew Forrest is taking on Tesla Inc. CEO Elon Musk in his quest to promote green hydrogen as a game changer in the clean-energy transition. Forrest, the founder of Fortescue Metals Group Ltd., doubled down this week on his criticism of Musk’s view that hydrogen cars are “mind-bogglingly stupid.” In a speech […]
Biden’s solar dreams collide with outrage over China’s ‘genocide’
President Joe Biden’s White House is trying to reconcile his desire to ratchet up U.S. renewable power generation with his outrage over alleged Chinese human rights abuses in Xinjiang, a major supplier of a key component in solar panels…Read More…
Pilot Co. CEO Urges Congress to Support EV Charging Investment
Tells U.S. House committee that truck stops, travel plazas best positioned to operate EV charging stations, speed transition to alternative fuels. The CEO of Pilot Co. testified this week before the House Transportation and Infrastructure Committee that, with the right policy framework and incentive structure, fuel retailers provide the best opportunity for advancing alternative fuels, […]
U.S. looks to Canada for minerals to build electric vehicles -documents
On Thursday, the U.S. Department of Commerce is hosting a closed-door virtual meeting with miners and battery manufacturers to discuss ways to boost Canadian production of EV materials. The move comes as demand for electrified transportation is set to surge over the next decade. By Ernest Scheyder and Jeff Lewis The U.S. government is working […]
2 ETFs Set To Gain As U.S. Attention Turns To Infrastructure Spending
The Biden administration’s $1.9-trillion American Rescue Plan has been signed into law. Now, green energy-focused infrastructure development is likely to occupy an important part of President Joseph Biden’s next steps in 2021. The proposals by the administration will likely have a price tag of around at least $2 trillion. This deficit-financed program is expected to […]
Biden’s Solar Dreams Collide With His Scorn for China ‘Genocide’
Bloomberg – President Joe Biden’s White House is trying to reconcile his desire to ratchet up U.S. renewable power generation with his outrage over alleged Chinese human-rights abuses in Xinjiang, a major supplier of a key component in solar panels. Factories in Xinjiang, a western region of China that’s home to the oppressed Uyghur minority, […]
Korea’s LG to invest $4.5 billion in its US battery business
The Korean company, which has a joint venture with U.S. automaker General Motors, said the investment will help create 10,000 jobs, including subcontractors. NEW YORK – LG Energy Solution says it will invest more than $4.5 billion in its U.S. battery production business by 2025 as automakers ramp up production of electric vehicles. The Korean […]
Everything Hot Is ‘Unwinding’ in $21 Billion of Clean-Power ETFs
One of the hottest trades in the $5.9 trillion U.S. ETF market is cooling fast. The $20.7 billion clean-energy sector has been bleeding cash, with one prominent green product — the $3.7 billion Invesco Solar exchange-traded fund (U.S. ticker: TAN) — on course for a seventh week of investor exits, equaling the longest run of […]