Repealing the wind energy Production Tax Credit phaseout would harm rural economies, result in the loss of some 60,000 jobs and at least $25 billion in investments and undermine the federal government's credibility, according to TPI Composites President and American Wind Energy Association Board Member Steve Lockard. Lockard said he expects the Senate to prevent the rollback from advancing.
The new stadium for the NFL's Atlanta Falcons is being billed as the "most sustainable sports venue in the world." The stadium uses 47% less water than standard structures and has LED lighting, 4,000 solar panels and EV charging stations -- features that helped lead to its LEED Platinum certification.
The Dairy Sustainability Framework is rolling out additional reporting metrics to encourage progress on local priorities. The new metrics cover soil health, product safety, waste, rural economies and market development.
Houston-based offshore driller Talos Energy agreed to take over Louisiana-based Stone Energy. The combined company will trade on the New York Stock Exchange under the "TALO" ticker.
Shale driller Bill Barrett will sell its assets in Colorado's Uinta Basin for about $110 million, choosing to focus on the Denver-Julesburg Basin. Bill Barrett's Uinta assets produced 2,300 barrels of oil equivalent per day on average in the third quarter and are estimated to contain reserves of 12 million barrels of oil equivalent.
Oil exploration and production will still need roughnecks, but the job is becoming more technical and electronic over time, says Scott Desmarais of McKinsey. Some high-risk, manual labor might become automated, but there will remain a need for many types of human activity, says Jon Krome of BHP Billiton.
Energy Secretary Rick Perry's proposed rulemaking favoring nuclear and coal-burning power plants "would raise costs for millions of American families and make it harder for American businesses to compete," said Michael Steel, a spokesman for the Affordable Energy Coalition, which counts the American Wind Energy Association among its members. Steel pledges that the coalition will educate consumers and government officials on the consequences of the proposal.
Energy companies would be wise to consider wind or solar power sources instead of coal or nuclear, according to an analysis from Lazard Ltd. "In some scenarios the full-lifecycle costs of building and operating renewables-based projects have dropped below the operating costs alone of conventional generation technologies such as coal or nuclear," Lazard found.
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