American Petroleum Institute President Jack Gerard said he believes President Barack Obama will approve the Keystone XL Pipeline this year, after another environmental-impact study of the proposal is complete.
Renewable energy companies moved a step closer to accessing a tax financing structure that’s worth more than $350 billion as the American Petroleum Institute said it would back Congressional plans to expand the program.
More than half the U.S. states with laws requiring utilities to buy renewable energy are considering ways to pare back those mandates after a plunge in natural gas prices brought on by technology that boosted supply.
Aug. 28 (Bloomberg) -- Jack Gerard, president of the American Petroleum Institute, Carlos Gutierrez, vice chairman of the institutional clients group at Citigroup Inc., Leonard Cali, senior vice president of external and legislative affairs at AT&T Inc., and Robert Litan, director of research at Bloomberg Government, talk about the U.S. regulatory environment. They speak at the Republican National Convention in Tampa, Florida, as part of the Bloomberg/2012 Tampa Host Committee Economic Development Series. Bloomberg's Michael Riley moderates the panel. (Source: Bloomberg)
JinkoSolar Holding Co. and First Solar Inc. were among solar companies that surged after four U.S. senators introduced legislation that would let renewable- energy projects qualify for a tax-advantaged corporate structure currently used by oil, natural gas and pipeline projects.