Five Energy Stories Worth Reading Today (4/17/12)

Here are five recommended reads for today (4/17/12)

  1. According to Renewable Energy World, “Two American solar heavyweights built on overseas manufacturing are scaling back operations in an effort to keep up with a shifting landscape. On Monday, San Jose, Calif.-based SunPower announced it was closing a 125-MW capacity manufacturing facility in the Philippines and pushing some of those operations to its 575-MW Fab 2 facility also in the Philippines. The company’s 600-MW plant in Malaysia remains its biggest operation.”
  2. Grist reports: “Rex Tillerson, the chief executive of ExxonMobil, got a 21 percent bump in his compensation. Percentage-wise, it’s a smaller increase, but that 21 percent brings his total pay package up to about $35 million. His raise — worth a bit over $6 million — could pay for more than 150 employees at a respectable $40,000 a year, but please, let’s keep talking about how it’s environmental regulation that will ‘kill jobs.’”
  3. According to Bloomberg: “Wind-power capacity will more than double by 2016 as growing installations in newer markets such as India and Brazil counter weakness in the U.S… World capacity will reach 493 gigawatts in 2016, from 238 gigawatts in 2011, the Global Wind Energy Council said in an e- mailed report today. Installations will jump 8 percent a year on average to 59 gigawatts during 2016, from 41 gigawatts in 2011.”
  4. Energy Boom reports: “The United States Environmental Protection Agency (EPA) has released its 17th annual greenhouse gas inventory, and the results are concerning, especially for climate scientists that are clamouring for a reduction in carbon emissions. According to the EPA, greenhouse gas emissions rose 3.2% in 2010.  This follows two years of emissions reduction by the world’s second largest emitter.”
  5. According to DeSmogBlog, the oil-industry-funded Institute for Energy Research has launched an offensive aimed at saving oil industry tax breaks. DeSmogBlog adds: “While their name might have you believe otherwise, the group is little more than an industry-funded propaganda machine, hell-bent on insuring that the desires of the dirty energy industry continue to be fulfilled within the halls of Congress. ‘Energy research’ has almost nothing to do with the group’s activities.”