Puerto Rico should rely on solar panels on all capable rooftops, airports, brownfields and industrial areas in order to reach its clean-energy goals of using 60% renewable energy by 2040, as the island does not have enough space for large-scale solar farms or wind generators, according to a preliminary study from the Department of Energy and the Federal Emergency Management Agency. The study also found that smaller, spread-out renewable energy resources tend to recover more quickly from hurricanes than the island’s current power system, which is 97% based on fossil fuel generation. (The Associated Press)
Energy Secretary Jennifer Granholm told reporters that President Joe Biden would veto legislation that would require the federal government to draft up a plan for increasing the percentage of federal lands being leased for oil and gas production in order to draw any oil from the Strategic Petroleum Reserve, a message that comes as House Republicans are expected to consider the bill this week. (The Hill)
Tesla Inc. Chief Executive Elon Musk testified in federal court that he could have sold shares of SpaceX to secure enough funding to take Tesla private in 2018 — a deal that never materialized — as the executive faces a certified class-action lawsuit in San Francisco. Shareholders allege that Musk’s 2018 tweets, where he claimed he had “funding secured” to take Tesla private, were reckless and false and ended up costing them significant amounts of money when trading in the company was temporarily halted and impacted share prices for weeks. (CNBC)
GOP lawmakers voted en masse against Biden’s signature bill. But roughly two-thirds of green-energy projects announced since it became law are going to Republican-held congressional districts, a POLITICO analysis found.
Fulfilling President Biden’s goal of deploying 30 gigawatts of offshore wind by 2030 would require the rapid scale-up of a domestic supply chain and at least $22.4 billion in infrastructure investments, a new report has found.
Freeport LNG, the second-largest U.S. liquefied natural gas exporter, on Monday said it had completed repairs to its Texas plant and asked U.S. regulators for permission to take early steps to restart the fire-idled facility.
The Texas oil and natural gas industry paid a record $24.7 billion in taxes and royalties last year, far exceeding the previous annual high of $16 billion set in 2019, according to the Texas Oil and Gas Association.
A long-brewing plan to save 3,500 acres of forest outside Atlanta has suddenly become entangled in the national debate over police conduct after an environmental activist was killed on part of the property that’s been selected for a police training center.
The share of bank finance going to renewable energy rather than fossil fuels has little changed in six years, raising questions about how fast lenders are pushing energy clients to become greener, according to research published Tuesday.