Five Energy Stories Worth Reading Today (4/12/12)

Here are five recommended reads for today (4/12/12)

  1. Forbes reports, “BrightSource Energy, the California solar thermal power plant builder backed by GoogleNRG Energy,Morgan Stanley and other heavy-hitters, abruptly pulled its initial public offering on the eve of its planned debut Thursday, citing ‘adverse market conditions.’”
  2. According to Climate Progress, “In the first three-and-a-half months of 2012, groups including Americans for Prosperity, American Petroleum Institute, Crossroads GPS, and American Energy Alliance have spent $16,750,000 on energy attack ads. The total amounts to more than $56 million, including the American Clean Coal Coalition’s pledge of $40 million on ads promoting coal.”
  3. CleanTechnica reports: “Cape Wind– developer of the largest offshore US wind power project development proposed to date, as well as the most hotly contested– today announced that it’s selected the joint venture team of Cal Dive International, Cashman Equipment Corp and Flatiron Construction to build America’s first offshore wind farm in Nantucket Sound. The announcement is the second piece of good news regarding the massive 130-turbine, 468 MW Cape Wind project to come out recently.”
  4. According to the BBC, “The US has regained top spot from China as the biggest investor in clean energy in 2011…[the] US invested more than $48bn (£30bn) in the sector, up from $34bn in 2010.”
  5. A new study by the Center for American Progress finds that “there simply is no evidence” that renewable energy standards “are hurting consumers by driving up rates,” as some fossil fuel advocates falsely claim.