Any large corporation hates to admit when their assets have become uneconomic, but on February 22 Exxon Mobil disclosed that it had made the largest write-off of oil and gas reserves in modern history. The company erased from its books billions of dollars worth of potential oil and gas development in the Canadian oil sands, […]
During the campaign, Donald Trump frequently used the bankrupt solar company Solyndra as an example of failed government policies. The company took a loan from the federal government to make a novel solar product, and it was heavily hyped by then President Barack Obama. The company went belly up, however, and took down $500 million […]
One of the final acts of President Obama’s Interior Department was to wrap up a major review of the federal coal leasing program. The Obama administration imposed a three-year moratorium on new coal leases on federal land back in January 2016 and then began a massive reassessment. This was a high-profile effort for the President, […]
On December 20, technology companies and trade groups working in the energy business issued a white paper calling on utility companies to share data. The companies and trade groups included TechNet, SolarCity, SunRun, UtilityAPI, and the Silicon Valley Leadership Group. They say that traditional grid processes must be “reimagined” to deal with the growth in innovations […]
