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€450m EIB loan 'will improve North Sea wind links'
02 February 2011The European Investment Bank (EIB) will loan €450 million ($620 million) to Dutch state-owned energy company TenneT Holding, to finance a transmission link in the Netherlands, which the bank says will connect offshore wind farms in the North Sea and create more efficient European electricity links.
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Utilities warn political opposition may undermine Obama's clean energy target
02 February 2011Utilities can get behind US President Barack Obama's proposed clean energy standard (CES), but the devil is in the details and the political obstacles may be insurmountable, executives said.
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EPA dismisses scare stories over power regulation
02 February 2011Rumours of the destructive impact of pending federal pollution and carbon regulations on the US power sector have been greatly exaggerated, according to a top Environmental Protection Agency (EPA) official.
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Indian firms outdo global average on carbon
02 February 2011Indian construction, automotive and telecommunications companies have a lower carbon intensity than the global average, according to HSBC. However, the bank found Indian firms in areas such as materials, resources and banking are no better than the global average.
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Obama calls for 80% clean energy by 2035 – but includes clean coal, gas and nuclear
27 January 2011President Obama set a goal of generating 80% of US electricity from clean energy sources by 2035 in his State of the Union address on Tuesday, but renewable energy advocates were dismayed by his inclusion of clean coal and nuclear power.
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Greening programme for private equity firms launched
27 January 2011Private equity firms looking to incorporate environmental performance in their investment decisions will soon have a new tool at their disposal.
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Success unlikely for Spanish solar legal challenge: lawyer
27 January 2011The Spanish solar industry's plans to pursue legal action over changes to the country's support for photovoltaic (PV) installations are unlikely to succeed, a Spanish lawyer has said.
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HSBC sets out oil sands policy, RAN unimpressed
27 January 2011HSBC has added language on oil sands to its policies governing lending to the energy sector – but the policy has left a leading pressure group unimpressed.
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Carbon Principles fail to slow US coal financing – RAN
27 January 2011The Carbon Principles have done nothing to slow down financing of US coal-fired power plants by the six banks that signed the voluntary agreement, according to a report by environment group Rainforest Action Network (RAN).
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Advanced biofuels projects win flurry of US loan guarantees
26 January 2011The US government is stepping up its support for advanced biofuels, with two federal agencies providing loan guarantees worth hundreds of millions, but the sector still faces funding and technology issues that are challenging its ability to scale-up operations.