Following the trend of other failed “green” energy companies, Abound Solar, a solar panel firm announced Thursday it will file for bankruptcy.
Following the three-year anniversary on which the U.S. House passed a national cap-and-trade system that would have limited greenhouse gas emissions, a federal appeals court ruled Tuesday that the Environmental Protection Agency (EPA) is “unambiguously correct” in its legal rationale behind regulating greenhouse gases.
The Court of Appeals for the D.C. Circuit reinforced the EPA’s holding that emissions linked to climate change present a veritable risk to public health and welfare. The court also upheld the agency’s regulations on vehicles and new coal-production facilities while dismissing all challenges posed by businesses, industry groups, lawmakers, and other opponents of the new standards.
The U.S. government opens new area of the central Gulf of Mexico for drilling, amid controversy from environmentalists, who claim that the move will further damage a fragile ecosystem, and have filed a lawsuit hoping to prevent more drilling.
The Obama administration is utilizing the U.S. prison system to help bolster its green-energy agenda, while boosting foreign companies and funneling cash into the hands of Obama’s largest campaign donors, according to a startling new report by the Washington Free Beacon.
Federal Prison Industries, more commonly known as UNICOR, is a wholly owned corporation of the U.S. government that uses penal labor from the Federal Bureau of Prisons to produce various products and services. Established in 1934, the organization was designed as a voluntary vocational-training program for federal prisoners, but has recently gone into business providing green-energy technology to federal agencies.
Shell Oil Company’s chief U.S. official congratulated the White House for accepting the “strategic importance” of oil resources off the Alaskan coast, but asserted that overall tensions between President Obama and the oil industry prevail. “I think you see a lot and you hear a lot about it being a very stressed relationship, and that’s real,” Shell Oil Company President Marvin Odum affirmed Sunday in an interview with Platts Energy Week TV. “We should just be honest about the fact that that’s real.”