Page 18 - Loan Program Office News Today

Futures rebound from overnight rout with all eyes on Powell speech (SPY +0.1%). Weekly jobless claims rise less than expected despite weather impact. Here is the current market situation from CNN Money European markets are mixed. The CAC 40 is higher by 0.35%, while the FTSE 100 is leading the DAX lower. They are down 0.54% and 0.22% respectively. What Is Moving the Markets Here are the headlines moving the markets. The $1 Trillion Electric Vehicle Boom Is Just Getting Started In 1894, chemi...

February 4, 2021 In the summer of 2010, Nina Eichacker was an intern at the US Department of Energy, analyzing the successes and failures of energy projects that received DOE funding. She didn’t realize that a high-profile failure was brewing right under her nose, and would soon put the department’s loan program—one of the government’s biggest pots of money for clean energy innovation—on ice. Ten years later, Eichacker is among the economists urging the Biden administration to revital...

Senate panel advances Granholms energy secretary nomination The Senate Committee on Energy and Natural Resources voted 13-4 to send Granholms nomination to the full Senate for consideration, and one of the panels top Republicans predicted she has the votes there to win confirmation.  The former two-term governor breezed through last weeks hearing before the panel with relatively little pushback on her record, garnering praise for her grasp of energy issues. But two Republican senators Wedne...

Thursday, January 28, 2021 With Democrats taking over the White House and the Senate, many eyes are on climate change and the role that the federal government can take to combat it. A variety of proposals have been floated about the best way for Congress to enact legislation to help in the fight against climate change, but certain actions can be taken immediately. One such action is to deploy $40 billion in loan capacity that was previously allocated to the Department of Energy as par...

Trump energy chief says he has positioned US to begin meeting Biden climate goals Print this article President Trump’s energy secretary, Dan Brouillette, says he supports the incoming Biden administration’s plans to accelerate investments in clean energy and electric vehicles to combat climate change. While Trump is known for promoting fossil fuel development and questioning climate change science, Brouillette, his understated energy secretary, has been quietly working to develop technolog...

by Jim Lane (Biofuels Digest)  The $1.4 trillion spending package includes appropriation for Fiscal Year 2021, the COVID stimulus package, extensions of popular tax credits that otherwise expired on December 31st, and the Energy Act of 2020, a $35B version of a larger energy bill that has been drifting around in Congress since 2016. … As Fuels America noted, “the new omnibus appropriations and COVID-19 relief package extends key tax provisions for low-carbon biofuels and explicitly authori...

In Washington, a huge year-end spending package passed Congress yesterday. The $1.4 trillion spending package includes appropriation for Fiscal Year 2021, the COVID stimulus package, extensions of popular tax credits that otherwise expired on December 31st, and the Energy Act of 2020, a $35B version of a larger energy bill that has been drifting around in Congress since 2016.  At the White House, the President criticized the bill for wasteful provisions and for insufficient COVID stimulus and ...