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- The Daily Five: Thursday, 2 October, 2008October 2
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The Senate votes overwhelmingly to send nuclear power technology to India; U.S. carmakers take a beating; and China embraces algae-based biofuels.
Senate approves nuclear deal with India: The United States Senate overwhelmingly approved a measure late Wednesday which will provide nuclear power technology to India. The bill is controversial, due to India’s continuing refusal to sign the Nuclear Proliferation Treaty. Under terms of the agreement, U.S. companies would be allowed to compete for billions of dollars in Indian civilian nuclear power contracts. In exchange for the technology, India will agree to international monitoring, and to refrain from a resumption of nuclear weapon testing. (CNN)
Ford’s US sales drop 34 pct, GM down 16 pct: U.S. automakers took a drubbing in September, with Ford reporting a drop of 34 percent over this time last year. Chrysler followed with a 33 percent slowdown, while GM clocked losses in sales volume of 16 percent. Analysts attribute the dramatic slowdown to ti
- The Daily Five: Wednesday, 1 October, 2008October 1
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That $25 billion automaker bailout will be coming with a few strings. And researchers announce a new kind of solar cell which achieves 40.8 percent efficiency.
Detroit Bailout Loans On The Road To Approval, With Condition Attached - Car Makers Meet 35 MPG By 2020: The $25 billion dollars approved by the Senate this weekend to help modernize U.S. carmakers is coming with some strings. Automakers will be expected to deliver an average fleet fuel economy of 35 miles a gallon by 2020 under the deal. While that’s 40 percent higher than current standards, 35 MPG vehicles have been available since the mid-1980s. (Treehugger)
Solar Cell Sets World Efficiency Record At 40.8 Percent: Solar cells are getting better. A team at the U.S. Department of Energy’s National Renewable Energy Laboratory has managed to juice more power from a solar cell than ever before. The new photovoltaic cell converts 40.8 percent of
- The Daily Five: Tuesday, 30 September, 2008September 30
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Gulf Coast gas stations are still reporting spot gasoline shortages; your TV may become obsolete next year; and the Blade Runner doubles as both bus and train
No quick end to gas shortage in Southeast: Spotty gasoline shortages continue throughout the southeastern United States, fallout from the double punch of Hurricanes Gustav and Ike. Retailers in Nashville, Atlanta, and Charlotte continue to report supply problems — the result of shuttered or damaged Texas refineries that could take another several week to get back to full capacity. Meanwhile, oil prices took a sharp drop Monday on fears of weak demand and a sputtering U.S. economy. Light, sweet crude closed down $10.52 to $96.36 a barrel Monday, off over 10 percent from the previous close. (USA Today and MSNBC)
2 First U.S. carbon auction brings states $39 mln: The first stateside carbon auction raised some $39 million dollars toward rene
- The Daily Five: Monday, 29 September, 2008September 29
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A busy few days for environmental legislation in Washington; West Coast Green showcases the latest in CleanTech; and scooter sales really take off in 2007.
House Approves Clean Energy Tax Credits, But New Version Could Stall: Senate Majority Leader Harry Reid implored his counterparts in the House not to make changes to a tricky Renewable Energy Bill, but Representatives went ahead and approved their own version, anyway. That has the fate of the massive bill again up in the air. While the House and Senate measures are in broad agreement, the House chose to strip language including incentives for environmentally questionable oil shale and tar sands development and coal-to-gas schemes. Uncertainty over passage of the bill has already caused cancellation of planned wind, solar, and biofuels projects. (Earth2Tech)
US Congress passes 25 bln loan guarantees to automakers: The U.S. Senate last night passed a $25 billion package of loan guarantees fo
- The Daily Five: Thursday, 25 September, 2008September 25
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Solar stocks rebound on the prospect of continued tax breaks; Chrysler shows off a radical electric concept car; and Dell gets a little bit greener.
Solar stocks enjoy rally as tax breaks renewed: Solar stocks came roaring back on Wednesday, the day after U.S. Senate negotiators renewed an $18 billion package encouraging renewable energy development. Shares of SunPower Corp rose 12.7 percent to close at $98.60. Evergreen Solar was also up 14.5% to $6.58 a share. The measure is expected to yield 440,000 permanent jobs in the United States and generate $232 billion in new investment. (Reuters)
Chrysler’s GEM Previews ‘Peapod’ Electric Car: Chrysler surprised the automotive market by their announcement this week that it plans to produce an electric car by 2010. With the cat out of the bag, company officials are starting to show off a highly revised version of its GEM “Peapod” electric car. The Peapod has already been given a new name: the GreenEcoMobility concept. The air