Five Energy Stories Worth Reading Today (2/13/12)

Here are five recommended reads for today (2/13/12)

  1. The Guardian reports, “Opponents of the Keystone XL tar sands pipeline set themselves a new challenge on Monday – to gather 500,000 signatures in a single day – and block Congress from reviving the project.”
  2. According to Stephen Lacey of Climate Progress, “Even with a few countries pulling back on government support of the industry because of fiscal troubles, 2011 was still a huge year for deployment [in Europe] —with wind and solar alone representing almost 70% of new capacity.” Lacey adds, “That’s almost a 10-fold increase over deployment in 2000, when only 3.5 GW of renewable energy projects were installed,” and that “renewable electricity sources will meet 34% of demand in Europe by 2020, with 25 of 27 countries to surpass their targets beforehand.”
  3. On Friday, the White House released an independent report “on the DOE Loan Guarantee programs confirm[ing] that the loan portfolio as a whole is expected to perform well and holds less than the amount of risk envisioned by Congress when it created and funded the program.”
  4. The Wall Street Journal reports: “As natural gas prices continue to drop, the recent nationwide boom in drilling is slowing… In recent weeks, several companies have announced plans to cut gas production around the nation, but experts say the low prices are also opening up new markets.”
  5. According to Time Magazine’s Ecocentric blog, “India is poised to exceed its target” of having “20,000 megawatts of solar energy by 2020.” Also, “In the last year, funding for solar projects in India increased seven-fold, from $0.6 billion in 2010 to $4.2 billion in 2011, a new Bloomberg New Energy Finance report said.”