U.S. Department of Energy | The Georgia Star News

Biden Admin Cuts $85 Million Check to Boost Production of Green Appliance Despite Cratering Demand

August 9, 2024 Georgia Star News Staff

The Biden administration is deploying roughly $85 million to boost production of a green appliance despite plummeting consumer demand, according to a Wednesday press release from the U.S. Department of Energy (DOE).

The White House on Wednesday announced nearly $85 million in grants for four producers of electric heat pumps, the DOE wrote in a statement. The announcement comes despite cratering demand for the electric appliance, with total U.S. shipments of the product falling 16 percent in 2023 despite the federal tax credit being raised from $300 to $2,000 in January 2023, according to a study from the University of California Berkeley’s Haas School of Business.

Federal Judge Pauses Biden’s Partial Liquefied Natural Gas Export Ban

July 6, 2024 The Center Square

A federal judge on Monday temporarily blocked the Biden administration’s ban on new exports of liquified natural gas exports to non-free trade agreement countries.

Judge James Cain Jr. of the Western District of Louisiana issued a preliminary injunction against the U.S. Department of Energy’s partial LNG export ban after more than a dozen states sued, arguing the ban was illegal.

Airlines Launch Effort Backing Green Jet Fuel Tax Credit that Could Raise Food Prices for Americans

April 30, 2024 Georgia Star News Staff

A coalition of major airlines has formed a group supporting a tax credit pushed by President Joe Biden that experts say could jack up food prices.

More than 40 companies, including Boeing, American Airlines, JetBlue and United as well as ethanol trade groups, are pushing the federal government to “expand” existing tax credits for “sustainable aviation fuel” (SAF) and to pass legislation to increase the fuel’s availability, Axios reported. Corn-based ethanol is a common component in SAF and experts previously told the Daily Caller News Foundation that increasing the demand for corn by incentivizing its use in jet fuel could indirectly raise food costs for Americans.

Biden Admin Gives Ford, Foreign Company Whopping $9 Billion Loan for EV Plants

June 23, 2023 Georgia Star News Staff

The U.S. Department of Energy (DOE) on Thursday announced a conditional loan of up to $9.2 billion to a joint electric vehicle venture between Ford and Korean battery maker SK On.

When combined with state subsidies offered to the joint venture, known as BlueOval SK, the record-breaking loan means that taxpayers will be financing nearly the entire $11.4 billion investment by Ford and SK, according to Blomberg. The loan is the latest in a series of increasingly large offers from the DOE’s Loan Program Office (LPO), which had its lending authority surge to $400 billion — more than 10 times the $33 billion it has issued since 2009 —following the passage of President Joe Biden’s signature climate law, the Inflation Reduction Act.

Rep. Austin Scott Meets with Taiwanese Ambassador as Rep. Drew Ferguson Lambasts Biden for Oil Relations with Communist China

July 25, 2022July 25, 2022 Addison Basurto

U.S. Representatives Austin Scott (R-GA-08) and Drew Ferguson (GA-03) were among the delegation of American officials that met the Taiwanese Ambassador to the United States Hsiao Bi-khim at a China Task Force roundtable on Thursday.

Rep. Scott took the opportunity to express his frustration at the Biden administration for its stance on energy and the ruling Chinese Communist Party (CCP) of the People’s Republic of China (PRC).

University of Kansas Researcher Convicted of Secretly Working for China

April 10, 2022April 9, 2022 Georgia Star News Staff

On Thursday, a researcher with the University of Kansas was convicted of covering up illegal work he was doing on behalf of China while living in the United States.

According to ABC News, U.S. District Judge Julie Robinson is still weighing a motion to have the case against Feng Tao of Lawrence, Kansas dismissed. Robinson asked Tao’s lawyers to submit in writing their arguments for dismissal. Until then, the trial will proceed accordingly.

U.S. Energy Department Spent over $1 Billion on Failed Carbon-Cutting Projects

January 17, 2022 Admin

Over the last decade, the United States Department of Energy (DOE) spent $1.1 billion on various projects that attempted to reduce carbon emissions through the practice of carbon capture and storage (CCS), only for the vast majority of these projects to either fail or be cancelled.

According to the Daily Caller, the waste of taxpayer money was revealed in a Government Accountability Office (GAO) report that was released in December. The report revealed that the DOE had invested $684 million in eight different CCS projects that focused on coal, only for seven of them to be cancelled, while only a single facility remained in operation. The remaining $438 million was spent on three industrial CCS facilities; of these three, two were successful while one was cancelled.

Oil and Gas Production to Account for 68 Percent of Energy Consumption Over Next Two Decades

October 28, 2020October 27, 2020 The Center Square

Over the next two decades, oil and gas production is projected to account for 68 percent of energy consumption in the U.S. and will play a key role in the energy transition to a low carbon future, according to a new report published by the U.S. Department of Energy.

Natural gas is increasingly powering plants to produce electricity, but oil and natural gas are revitalizing the U.S. petrochemical industry, growing the liquefied natural gas industry, and boosting high-tech materials, the report states.

Tag: U.S. Department of Energy