Energy & Fuel

"A Record Buyout Turns Sour for Investors"

The Texas utility formerly known as TXU seems to be turning out a big bust for investors. It's a story that goes back to the political and economic failure of the Bush-era plan to build hundreds of coal-fired electric plants -- and the fact that the go-go pace of natural gas drilling has pushed the price of that commodity down for the long term.

"Struck at the peak of the buyout boom five years ago, the $45 billion acquisition of the Texas energy giant TXU — the biggest leveraged buyout in history — has been a painful investment for its private equity owners.

Source: NY Times, 02/29/2012

Chevy Volt 'Punching Bag' as GOP Slams Obama on Green-Energy Subsidies

"Move over, Solyndra. Conservatives opposed to the Obama administration's spending on clean energy have a new whipping boy.

The electric Chevrolet Volt is the new focus of angry conservative blog posts, testy congressional hearings and joking videos. And Republican presidential candidates Mitt Romney and Newt Gingrich have taken shots at the car's puny sales and size, with Gingrich jeering, 'You can't put a gun rack on a Volt.'

Source: Greenwire, 02/29/2012

"TransCanada Renewing Request to Build Keystone Pipeline"

"TransCanada said Monday that it would reapply for a permit to build the Keystone XL pipeline from Canadian oil sands formations in Alberta to refineries on the Gulf of Mexico, assuring that the fiercely contested project will remain a source of political heat throughout the presidential campaign.

Source: NY Times, 02/28/2012

"Texas Becomes a Battleground in Keystone Xl Pipeline Controversy"

"AUSTIN -- The politically volatile Keystone XL pipeline is becoming embroiled in a widening controversy in Texas as supporters tout the promise of jobs and other economic benefits while increasingly vocal opponents say the project would trample property rights and endanger water supplies in East Texas."

Source: Ft. Worth Star-Telegram, 02/24/2012

"Military's Alt Energy Programs Draw Republicans' Ire"

"Suspicion is growing among Republican lawmakers that the Defense Department's efforts to move to renewable energy are more about politics than they are about saving lives and boosting security, as officials claim. The Pentagon's green push -- including outfitting Marines and soldiers with solar gear, testing aircraft and ships on biofuels and building renewable power plants at bases -- won supporters from both sides of the aisle over the past year as leaders drew a clear line between the technologies and military might."

Source: Greenwire, 02/24/2012


Subscribe to RSS - Energy & Fuel