Obama awards $2.3B in clean energy credits
It said in a statement the credit, from funds earmarked under an emergency $787 billion stimulus package Obama signed in February 2009, would create 17,000 new U.S. jobs and would be matched by an additional $5 billion in private capital.
High unemployment is one Obama's most pressing domestic challenges and a monthly payroll report released earlier served a reminder that labor market conditions are still grim. U.S. unemployment remained stuck at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
"The Recovery Act awards I am announcing will help close the clean energy gap that has grown between America and other nations while creating good jobs, reducing our carbon emissions and increasing our energy security," Obama said.
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As Maine debates 145-mile electric line, energy giant with billions at stake is absent
BANGOR - As Maine regulators are deciding whether to approve the construction of a $1 billion transmission line across much of western Maine, the Canadian hydroelectric utility poised to make billions of dollars from the project has been absent from the process.
This has left both opponents and supporters of the line arguing about how much available energy the utility has to send through a completed line, and whether that energy will help fulfill the mission of the project: fighting climate change.
And while the utility has avoided making its case before regulators, which requires submitting to cross-examination and discovery, it has…
