Alternative Energy

Shareholders Sue Solar Firm Backed by Billions in U.S. Funds

Three former employees describe a pervasive culture of illegality at the Spanish solar company Abengoa

A renewable energy company that has received billions in U.S. taxpayer support despite federal investigations and former employees’ allegations of illegal business practices is in dire financial straits as shareholders allege securities fraud and investors drive down its stock price.

Foreign Firm Funding U.S. Green Groups Tied to State-Owned Russian Oil Company

Executives at a Bermudan firm funneling money to U.S. environmentalists run investment funds with Russian tycoons

A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin’s inner circle.

EPA Sets Biofuel Supply Requirements to Decrease Fossil Fuel Reliance

Oil and gas industry say the agency is trying to make a ‘broken’ system work

The Environmental Protection Agency will require oil refiners to blend 16.55 billion gallons of renewable fuels into the nation’s gasoline supply this year as part of its efforts to spur new fuel technology and decrease fossil fuel dependence.

Former Reagan Energy Official Criticizes Obama Approach

William Perry Pendley says Reagan wouldn’t be surprised by the progress of fracking

Ronald Reagan, Alternative Energy, FrackingA former energy official for President Ronald Reagan argued Monday that a return to the former president’s human-centric environmental philosophy would secure a safer and more prosperous future than the current administration’s policies.

Cut the Credits

Pompeo: End all energy tax credits

Rep. Mike Pompeo (R., Kan.) has introduced a bill to repeal all federal energy tax credits, calling them bad energy policy and a roadblock to lower energy rates for consumers.

Congress Extends
Eagle-Killing Wind Incentive

Wind energy production tax credits receive reprieve in fiscal cliff deal

Congress extended wind energy tax credits worth billions of dollars in the last-minute deal hammered out by Congress to avoid the fiscal cliff, a move decried by free market organizations as “corporate welfare.”