The Asian Development Bank says it has signed a loan agreement with a Chinese company for waste-to-energy projects to reduce the environmental impact of agricultural and municipal waste disposal. The ADB said in a statement Monday that four loans of up to $200 million will be provided to two units of China Everbright International Limited […]
ADB to Help China Create Energy From Waste
Armenia, Iran Build Joint Power Plant
Armenia and Iran have begun building a joint hydroelectric power plant along their countries’ shared border. Armenian President Serzh Sarkisian and members of an Iranian delegation led by Iran’s energy minister, Majid Namjoo, attended a groundbreaking ceremony for the plant Thursday on the Arax River, near the southern Armenian town of Meghri. The construction of […]
Armenia, Iran Build Joint Power Plant
Armenia and Iran have begun building a joint hydroelectric power plant along their countries’ shared border. Armenian President Serzh Sarkisian and members of an Iranian delegation led by Iran’s energy minister, Majid Namjoo, attended a groundbreaking ceremony for the plant Thursday on the Aras River, near the southern Armenian town of Meghri. The construction of […]
ADB to Help Turn Trash to Energy in Philippines
Mountains of garbage could soon become a valuable source of energy in the Philippines, where waste management has long posed a serious environmental concern. The Asian Development Bank says it is teaming up with Procter and Gamble to consider “waste-to-energy” plants that could generate up to two megawatts of power using trash from homes and […]
Obama Calls for End to Oil Company Subsidies
U.S. President Barack Obama has called for an end to tax subsidies for oil companies, saying the firms are making record profits while Americans are struggling with rising fuel costs. At the White House Thursday, the president said Congress can either vote to spend billions of dollars more on oil subsidies that keep the country […]
Obama Defends Energy Policies, Approves Segment of Oil Pipeline
U.S. President Barack Obama ordered his government Thursday to quickly approve construction of a segment of a controversial oil pipeline, but warned the country’s motorists that global tensions are likely to keep gasoline prices high. Speaking at an industrial site in the oil hub of Cushing, Oklahoma, Mr. Obama said he had directed government agencies […]
Rising Gas Prices Fuel Obama’s Western Road Trip
U.S. President Barack Obama is swinging into action, trying to rally support for his energy policies as rising oil prices take an ever deeper bite out of the average American’s paychecks. Mr. Obama embarked on a two-day, four-state tour Wednesday to promote his efforts to make the United States less dependant on foreign oil and […]
Rising Gas Prices Fuel Obama’s Western Road Trip
U.S. President Barack Obama is swinging into action, trying to rally support for his energy policies as rising oil prices take an ever deeper bite out of the average American’s paychecks. Mr. Obama embarked on a two-day, four-state tour Wednesday to promote his efforts to make the United States less dependant on foreign oil and […]
Obama Drills Rivals on Energy Policy; Says US Cannot be ‘Held Hostage’
U.S. President Barack Obama is slamming his political rivals, accusing them of pursuing a backward energy policy that will leave the country at the mercy of the rest of the world. Mr. Obama spoke to community college students near Washington Thursday, at a time when many Americans have seen fast rising gasoline prices. Several Republican […]
Obama Drills Rivals on Energy Policy; Says US Cannot be ‘Held Hostage’
U.S. President Barack Obama is slamming his political rivals, accusing them of pursuing a backward energy policy that will leave the country at the mercy of the rest of the world. Mr. Obama spoke to community college students near Washington Thursday, at a time when many Americans have seen fast rising gasoline prices. Several Republican […]