QUICK NEWS, February 10: FEDERAL COAL LEASES COST TAXPAYERS $30BIL; CROWD-FUNDED SOLAR COMES TO CONNECTICUT; GROWTH COMING IN BIOFUELS
FEDERAL COAL LEASES COST TAXPAYERS $30BIL GAO Report Confirms Coal Leasing Program ‘Out of Date,’ Costs Taxpayers Nearly $30B
February 4, 2014 (EcoWatch)
“The U.S. Government Accountability Office (GAO) today released the result of its investigation into coal leasing practices at the Bureau of Land Management, which confirmed earlier reports that coal companies have taken advantage of a lax bidding process for leasing coal on publicly owned lands, resulting in nearly $30 billion in loss for U.S. taxpayers. Sen. Ed Markey (D-MA) echoed the Sierra Club, Greenpeace and other environmental and community advocacy groups in calling for a temporary suspension of the federal coal leasing program…Beyond lost revenue, selling publicly owned coal at such low rates amounts to a major fossil fuel subsidy, favoring coal at the expense of cleaner forms of energy…” click here for more
CROWD-FUNDED SOLAR COMES TO CONNECTICUT Mosaic And Connecticut Team Up On Crowd Funding Of Residential Solar
Michael Puttre, 6 February 2014 (Solar Industry)
"Solar project crowd funding pioneer Mosaic is expanding its activities into the residential solar sector. The company has partnered with Connecticut's Clean Energy Finance and Investment Authority (CEFIA) and Sungage Financial to package loans made to homeowners for building photovoltaic power systems into investment opportunities…CEFIA has provided an initial $5 million commitment to fund originations of the consumer loans. Participating solar installers serving the Connecticut market will be able to offer the loans to their customers. The loan product, developed by Sungage Financial, uses projected energy savings as the basis for the offering...[Investments] will be offered to investors with a 15-year term and expected yields of 4.7% to accredited investors through Mosaic…The Hampshire Foundation Inc., which has committed $1 million of its own funds, will also offer investment opportunities…” click here for more
GROWTH COMING IN BIOFUELS Biofuels for Transportation Markets; Ethanol, Biodiesel, Drop-In Biofuels, Biogas, and Biomass-Based Fuels for the Road Transportation Sector: Technology Assessments, Policy Issues, Supply Chain Analysis, and Global Demand Forecasts
1Q 2014 (Navigant Research)
“…The global biofuels industry is now on the verge of entering a new phase of development focused on advanced and drop-in biofuels…[B]iofuels derived from non-food feedstocks and biofuels that are drop-in-capable promise to significantly alter the petroleum industry landscape. Governments and industries are looking at ways to replace the whole barrel of oil by developing biofuels for all forms of transportation: road, aviation, and maritime…[But] biofuels are still challenged by issues such as feedstock access, supply chain infrastructure development, and achieving price parity with the well-established petroleum industry. Navigant Research forecasts that global biofuels consumption in the road transportation sector will grow from more than 32.4 billion gallons per year (BGPY) in 2013 to more than 51.1 BGPY in 2022…" click here for more
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