Energy Update
The U.K. proposed to end an assistance program for small-scale renewable energy projects as part of a drive to cut the costs to consumers of subsidizing clean technologies.
There is a stark disparity between the falling costs for renewable energy solutions for electricity customers and the rising $1 trillion budget that U.S. utilities will spend on new infrastructure over the next 15 years. The potential for utility over-investment on its side of the meter, and the potential for over-capacity on both sides of the meter, suggest that demand flexibility must be embraced by both parties, according to analysts at Rocky Mountain Institute.
Aug 27 (Reuters) - Diversified U.S. miner and energy producer Freeport-McMoran Inc said it would lower its capital budget for mining in 2016 by 25 percent, or $700 million, as commodity prices continue to weaken.
In an important “model of collaboration” between the U.S. and Mexico, the first ever cross-border wind farm has been officially inaugurated in Tecate, Baja California. Customers of San Diego Gas & Electric (SDG&E) will be the beneficiaries of a pioneering partnership that has been in the making for nearly two years.
The national security argument for lifting the US' long-standing restrictions on oil exports appears to be making some headway, as Herman Wang explains.
Gary Gentile asks if the risks associated with ultra-deepwater oil production endeavors are properly disclosed to shareholders.
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