Nov. 16, 2010 at 3:39 p.m.
Filed under:
Autos,
Environment,
Green
By Reuters
A model stands next to Chevrolet's new Volt at the Orange County Auto Show on Oct. 7, 2010. (Mark Ralston/AFP/Getty Images)
General Motors is stepping up production of its new Chevrolet Volt electric vehicle to try to meet “huge demand,” a top executive said on Tuesday.
Speaking at an event where the Volt was named Motor Trend magazine’s 2011 Car of the Year, GM product chief Tom Stephens said: “If you look at where we were originally, in terms of what we thought the volume would be, we have stepped it up.”
Stephens declined to give a new production forecast. Most recently, GM, the world’s No. 2 automaker, had said it planned to build 10,000 Volts in 2011 and 45,000 in 2012. Get the full story »
Nov. 16, 2010 at 1:48 p.m.
Filed under:
Energy,
Green
By Dow Jones Newswires-Wall Street Journal
Exelon Corp. said it plans to invest nearly $5 billion in clean-energy products by 2015, part of a broader plan to cut its carbon footprint.
The biggest owner of nuclear plants in the U.S. by number of reactors said it plans to begin investments this year in projects such as energy-efficiency programs, renewable-energy investments and increased output at its nuclear plants. Get the full story »
Nov. 15, 2010 at 4:15 p.m.
Filed under:
Autos,
Environment
By Associated Press
The chief executive of Nissan Motor Co. says the automaker’s alliance with Renault could produce 500,000 electric vehicles a year globally by 2013. Get the full story »
Nov. 15, 2010 at 10:00 a.m.
Filed under:
Autos,
Environment,
Technology
By Mary Jane Grandinetti
Ford has chosen Chicago as one of the initial markets for its electric Focus, due to hit showrooms late next year.
Ford based the rollout markets on commuting patterns and hybrid purchase trends, among other criteria. The other first markets are Atlanta; Austin and Houston, Texas; Boston; Chicago; Denver; Detroit; Los Angeles; San Francisco; San Diego; New York; Orlando, Fla.; Phoenix and Tucson, Ariz.; Portland, Ore.; Raleigh/Durham, N.C.; Richmond, Va.; Seattle; and Washington, D.C.
The Focus Electric will be powered by a 23 kWh lithium-ion battery with a system that uses a liquid heating and cooling system to maximize battery life and driving range. Get the full story »
Nov. 11, 2010 at 11:16 a.m.
Filed under:
Autos,
Environment
By Reuters
A 2011 Chevrolet Volt charges at a station in Rochester, Mich., , October 10, 2010. (Rashaun Rucker/Detroit Free Press/MCT)
General Electric Co. plans to buy 25,000 electric vehicles from makers including General Motors over the next five years, in a move it said could spark demand for the charging equipment it sells.
The largest U.S. conglomerate aims to swap out half its fleet of 30,000 cars — used by sales people and technicians, for instance — with electric vehicles and to start shifting customers who lease fleets of vehicles over as well.
GE, which over the past five years has made a major push into green businesses, said Thursday it hopes the move will speed acceptance of electric cars by getting more of them on road more quickly and prompting investment in the equipment that users will need to charge them. Get the full story »
Nov. 9, 2010 at 5:08 p.m.
Filed under:
Energy,
Environment
By Associated Press
Former BP chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill and the media frenzy it spawned, and said the firm came close to financial disaster as its credit sources evaporated. Get the full story »
Nov. 9, 2010 at 2:13 p.m.
Filed under:
Energy,
Environment,
Green,
Housing
By Associated Press
The White House unveiled a new Home Energy Score federal program Tuesday that will allow people to determine how energy-efficient their homes are.
It was one of several energy initiatives that Vice President Joe Biden announced at a White House event Tuesday. Get the full story »
Nov. 9, 2010 at 8:19 a.m.
Filed under:
Energy,
Entertainment,
Green
By Julie Wernau
For every megawatt of wind power developed in Illinois, 17 manufacturing jobs are created, according to a new study by the Environmental Law & Policy Center in Chicago.
The study, which identified more than 100 Illinois companies that are in the wind industry supply chain, did not identify how many the jobs created are in Illinois, but found that Illinois is fast becoming a hub for the nation’s wind power. Get the full story »
Nov. 8, 2010 at 4:41 p.m.
Filed under:
Environment,
Policy
By Reuters
The U.S. Gulf region must repair not only the damage from the BP oil spill but also that caused by decades of environmental abuse, Environmental Protection Agency Administrator Lisa Jackson said on Monday. Get the full story »
Nov. 5, 2010 at 11:18 a.m.
Filed under:
Energy,
Environment,
M&A,
Stock activity
By Reuters
Shares in BP gained on Friday, with traders citing talk that Exxon Mobil was considering a bid for the oil company.
By 10:29 a.m. EDT, BP shares were up 1.1 percent at 450 pence, having hit an intraday high of 451.35 pence on the rumor. Get the full story »
Nov. 2, 2010 at 4:01 p.m.
Filed under:
Energy,
Environment
By Reuters
Toxic chemicals at levels high enough to kill sea animals extended deep underwater soon after the BP oil spill, U.S. researchers reported Tuesday.
They found evidence of the chemicals as deep as 3,300 feet
and as far away as 8 miles in May, and said the spread likely worsened as more oil spilled. Get the full story »
Nov. 2, 2010 at 3:01 p.m.
Filed under:
Energy,
Environment,
Green,
Updated
By Reuters
Intercontinental Exchange Inc. is shedding some 40 employees from its U.S. environment bourse Chicago Climate Exchange (CCX) by the end of the year, with further cuts in 2011, ICE’s chief financial officer said. “We had about 66 people when we bought the company. I think we’ll be closer to 25 by the end of the year. And then we’ll reduce further into the first quarter,” Scott Hill told a conference call following a company earnings update this week.
The futures exchange group reported a stronger-than-expected 15 percent rise in quarterly profit on Monday.
Industry sources told Reuters in August that ICE had started to make layoffs at CCX in July due to the lack of U.S. action on climate change. Get the full story »
Oct. 29, 2010 at 3:09 p.m.
Filed under:
Energy,
Environment,
Investigations
By Reuters
A New Orleans federal judge overseeing litigation on the Deepwater Horizon drilling disaster signed an order to release materials Halliburton used in the cementing job on BP’s blown-out Macondo well to federal investigators. Get the full story »
Oct. 29, 2010 at 6:28 a.m.
Filed under:
Autos,
Earnings,
Environment,
Green
By Associated Press
Japanese automakers Honda and Mazda posted hefty profits despite a strengthening yen as the global recovery and government incentives for green cars drove sales higher.
Oct. 27, 2010 at 12:57 p.m.
Filed under:
Autos,
Environment,
Green,
Technology
By Dow Jones Newswires-Wall Street Journal
A well-known auto industry forecasting firm on Wednesday suggested that the heavily promoted battery-powered vehicles about to appear are headed for a much slower takeoff then some auto makers and industry analysts expect.
In a new study, J.D. Power & Associates said sales of electric cars are likely to remain low for several years and won’t make up more than a small slice of the global market even 10 years down the road. Get the full story »
