The risk of mortgage default is one-third lower for people with energy efficient homes, according to a recent study. Energy efficient homes can save up to $250 per month, Alic writes, an amount that for many households could be the difference between foreclosure and mortgage repayment.
Fisker Automotive's failure to repay a Department of Energy loan Monday is a blemish on the department's push to promote clean energy through public-private partnerships. Is it a sign of a broader policy failure, or do individual shortcomings distract from broader success?
Statoil could be sitting on between 40 million and 150 million recoverable barrels of oil equivalent in the North Sea, the company announced last week. The 40-150 million recoverable barrels estimate is still under a “high degree of uncertainty”, Statoil said, with additional appraisals ongoing to confirm the findings.
BP's largest new oil project in the Gulf, called Mad Dog Phase 2, sits atop a 4 billion barrel oil field. BP blames 'market conditions and industry inflation' for delay.
ABB $1 billion purchase of inverter maker Power-One signals its desire to cash in on the boom in solar-panel installations – without investing in solar panels themselves.
Members of the US House of Representatives last week proposed legislation that would open up more areas for oil drillers offshore, Graeber writes. Lawmakers say getting more work done in the Gulf of Mexico would ensure energy independence.
Planetary carbon dioxide concentrations are the highest they've been in the past 800,000 years, an ignominious milestone for Earth Day 2013. Still, the world is making some progress toward addressing global warming.
Most efforts to address carbon emissions focus on preventing them from entering the atmosphere in the first place. But how to get rid of CO2 already there? Start-ups are developing prototype air-capture systems.
We have talked about the concept of ‘energy security’ so much that it no longer means anything, Holland writes. It is time to retire the term.
The Keystone XL pipeline debate comes to a head in Grand Island, Neb., as the State Department holds a public hearing on the Canada-Texas pipeline. If the passionate, opposing sides agree on anything, it's that the Keystone XL pipeline debate is about more than just a pipeline.
States, not Congress, are taking the lead on climate change laws – from a new cap-and-trade program in California to widespread adoption of renewable electricity standards. Moves to weaken those standards aren't gaining traction in state capitals.
GE's acquisition of a Lufkin significantly boosts GE’s oil and gas portfolio, which was worth $15.2 billion of its total $147 billion in revenues for 2012, Alic writes. Over the past three years, GE’s oil and gas segment has realized annual growth of 16 percent due to an ambitious acquisition drive.
Clean energy growth worldwide has stalled despite significant gains in electric vehicles and renewable power, and financing has slowed, according to separate studies released Wednesday. Is increased government funding the answer for clean energy, or should private business play a bigger part?