The 48th quarterly carbon auction of the Regional Greenhouse Gas Initiative, the nation’s first mandatory cap-and-trade program to cut power sector emissions, sold more than 16.3 million carbon allowances at a clearing price of $5.75. The auction generated about $93.9 million, bringing the total proceeds to nearly $3.6 billion. The clearing price was slightly higher…...
The New York State Board on Electric Generation Siting and the Environment on June 3 granted a permit, allowing Alle-Catt Wind Energy LLC, a subsidiary of Invenergy LLC, to construct a 340-megawatt wind generating facility in Allegany, Cattaraugus, and Wyoming counties. The $454 million facility, spanning about 30,000 acres, is expected to generate up to…...
U.S. biomass-based diesel imports increased by 26 percent in 2019 to more than 27,000 barrels per day after three consecutive years of decline, according to a June 2 report from the U.S. Energy Information Administration. Production of biomass-based diesel, which refers to biodiesel and renewable diesel, is largely driven by federal and state policies as…...