West Texas Intermediate for March delivery reached $64.09 per barrel in early trading today amid forecasts for a 2.25-million-barrel drop in US crude stockpiles last week.
McDonald's will use only packaging made from recycled, renewable or certified sources by 2025. The company also has pledged to use only fiber-based packaging that has no ties to deforestation by 2020.
The 122 companies worldwide that have joined RE100's 100% renewables pledge increased their renewable energy power purchase agreements fourfold in 2016 to 2017, "reshaping the energy market through their global investment decisions and accelerating a zero emissions economy," according to the nonprofit. It added that 88% of its member companies cited economics as their main reason for transitioning to renewables.
San Antonio-based private equity firm EnCap Flatrock Midstream closed its fourth investment fund at $3.25 billion, above its $3 billion target. EnCap will invest the money in midstream companies that operate energy infrastructure including pipelines and storage tanks.
The Bureau of Ocean Energy Management was forced to postpone a series of public meetings on offshore drilling that were scheduled for this week in the wake of the government shutdown.
North Carolina Gov. Roy Cooper vowed to sue the Trump administration if his state is not removed from a proposed offshore drilling program. "By exempting Florida, the Trump administration has admitted that offshore drilling is a threat to coastal economies and tourism," Cooper said.
Maryland's Eastern Shore could generate enough electricity from offshore wind to power the entire state, while also improving Maryland's economy, creating well-paying jobs and protecting the environment, writes William Chambers, president and CEO of the Salisbury Area Chamber of Commerce. "Coastal resiliency, local jobs, increased investments in economic development, manufacturing, protecting wildlife and future generations of Marylanders: This is a promising clean energy solution," he writes.
Deepwater Wind's hybrid Revolution Wind project would infuse $250 million into the Massachusetts economy and create hundreds of jobs, notes New Bedford Mayor Jon Mitchell. He has asked state officials to select the project under a request for proposals, the winners of which will be unveiled Thursday.
Avangrid Renewables filed new documents on Friday that would reduce its proposed North Ridge Wind Energy Project in New York from 40 turbines to 27 turbines. Communications Manager Paul Copleman said technological advances and improved data would allow Avangrid Renewables to realize the same capacity for the project using fewer turbines.
Vestas Wind Systems has won a contract to supply CAPEC Green Energy with V112 3.45-megawatt turbines for a 52-MW project under development in Kazakhstan, said the companies. "Kazakhstan has great wind energy potential, and we are determined to contribute to the overall growth of renewable energy production in the country," said President of Vestas Central Europe and Group Senior Vice President Nils de Baar.
- Page 1