Saturday, October 27, 2012
Solar Energy - FedEx Solar Installation in NJ; EU Biofuels Target; Penn West Sells Assets- Energy Min 10/24/12
FedEx has broken ground for a large solar installation at its Newark, New Jersey facility. The project will cover 3.5 acres, and will supply 15 percent of the facility's power needs at a lower cost than the energy currently provided from the grid. The European Union has announced a radical shift in its biofuels policy. The organization now proposes to limit the amount of transport fuels from food crops that would count toward a 2020 renewable energy target to no more than 5 percent of the total energy used in the transport sector in 2020. That represents the current amount of food crop-based biofuels used in EU transport fuels. The Commission originally proposed a target of 10 percent. Penn West, one of Canada's largest oil and gas producers, has lined up buyers for $1.3 billion worth of Canadian oil and gas assets. The Calgary-based company will use the proceeds to cut debt. For more information on these and other stories, go to www.csrminute.com. The Energy Minute is produced for 3BL Media by Video4Good www.video4good.com
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