[Top News] from [REUTERS]
[Green Business]
WASHINGTON
Fri Jan 8, 2010 11:59am EST
Obama to announce clean tech jobs effort - W.House
WASHINGTON (Reuters) - President Barack Obama will announce funding to promote clean technology manufacturing jobs in remarks expected later on Friday, the White House said.
The money will go to projects including solar, wind and energy management, a White House spokesman said.
Obama is scheduled to make a statement about the economy at 2:40 p.m. (1940 GMT).
A Labor Department report showing unexpected U.S. job losses in December has boosted pressure on the administration to step up job-creation efforts.
(Reporting by Emily Kaiser; Editing by James Dalgleish)
[Green Business]
Alister Bull
WASHINGTON
Fri Jan 8, 2010 2:41pm EST
Obama awards $2.3 bln clean energy tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama will unveil a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as fresh data showed that the country's unemployment remains stuck in the double digits.
The White House said the credit, from funds already earmarked under a $787 billion stimulus package Obama signed last February, 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 on Friday served as a reminder that labor market conditions remain grim. U.S. unemployment was unchanged at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
Obama is due to make the announcement at 3 p.m. (2000 GMT) at the White House.
"The Recovery Act awards I am announcing today 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 will say in his remarks, according to a White House statement.
Climate change, alongside healthcare and financial regulation reform, is a core goal of Obama's White House.
But all require support from Congress, where his Democratic Party may suffer a setback in November mid-term elections unless he can start to push the jobless figures down.
The clean energy tax credits have been granted to 183 projects around the country involved in technologies that include solar, wind, efficiency and energy management projects.
"Building a robust clean energy sector is how we will create the jobs of the future," Obama will say.
The White House credits Recovery Act stimulus money with helping prevent the deepest U.S. recession in 70 years from getting much worse, and has renewed its push to boost job creation, which many analysts say warrants more public spending.
Obama held a jobs summit and met with bankers last month to boost lending to small businesses in the hope that this would encourage them to hire more workers.
In addition, the House of Representatives has approved an additional $155 billion jobs package to boost hiring, although the Senate has yet to take up its version of this legislation and will first tackle Obama's signature healthcare reforms.
(Reporting by Alister Bull; Editing by Doina Chiacu)
[Green Business]
WASHINGTON
Fri Jan 8, 2010 3:59pm EST
Factbox: New U.S. clean energy manufacturing tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama Friday awarded $2.3 billion in tax credits, which will be matched by as much as $5.4 billion in private sector funding, to help create clean energy manufacturing jobs.
The funding will provide a 30 percent tax credit for investments in 183 manufacturing facilities that make clean energy products in 43 states.
Qualifying manufacturing facilities include the production of a wide range of clean energy products:
* Solar, wind, geothermal, or other renewable energy equipment.
* Electric grids and storage for renewables.
* Fuel cells and microturbines.
* Energy storage systems for electric or hybrid vehicles.
* Carbon dioxide capture and sequestration equipment.
* Equipment for refining or blending renewable fuels.
* Equipment for energy conservation, including lighting and smart grid technologies.
* Plug-in electric vehicles or their components, such as electric motors, generators, and power control units.
* Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Treasury Department.
The criteria used to select winning projects was based on:
* Greatest domestic job creation (direct and indirect).
* Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest cost of energy.
* Greatest potential for technological innovation and commercial deployment.
* Shortest project time from certification to completion.
(Reporting by Tom Doggett, editing by Eric Walsh)
[Green Business]
LOS ANGELES
Fri Jan 8, 2010 6:56pm EST
Factbox: Clean energy companies gain new tax credits
LOS ANGELES (Reuters) - U.S. President Barack Obama on Friday awarded $2.3 billion in tax credits to renewable energy companies to help create clean energy jobs.
The credits will be matched by as much as $5.4 billion in private sector funding and provide for investments in more than 180 manufacturing facilities.
Qualifying companies and their requested tax credits include the following:
Solar power industry
Hemlock Semiconductor Corp: $141.9 million
Wacker Polysilicon North America LLC: $128.5 million
Miasole: $101 million
SolarWorld Industries America Inc: $82.2 million
CaliSolar Inc: $51.6 million
DuPont: $50.7 million
Nanosolar: $43.5 million
First Solar: $16 million
SunPower Corp: $10.8 million
Suntech Power Holdings Co Ltd: $2 million
BP Solar: $11.7 million
AE Polysilicon: $44.9 million
Wind industry
Vestas: $51.8 million
Siemens: $35.8 million
Nordex USA Inc: $22 million
Other sectors:
Cree Inc, lighting: $39 million
United Technologies Corp, industrial: $110 million
Alstom Inc, nuclear: $65.7 million
Texas Instruments Inc, buildings: $51.5 million
Volkswagen Group of America, auto: $150 million
(Reporting by Laura Isensee)
[Green Business]
Alister Bull
WASHINGTON
Sun Jan 10, 2010 11:03am EST
Obama awards $2.3 billion clean energy tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.
Obama said the credit, from funds earmarked under a $787 billion stimulus package he signed last February, would create 17,000 U.S. jobs and be matched by an additional $5 billion in private capital.
"Building a robust clean energy sector is how we will create the jobs of the future, jobs that pay well and can't be outsourced," Obama said.
"This initiative is good for middle-class families. It is good for our security. It is good for our planet," he said.
High unemployment is one of Obama's most pressing domestic challenges and a monthly payroll report released on Friday served as a reminder labor market conditions remain grim. U.S. unemployment was unchanged at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
"The jobs numbers that were released by the Labor Department this morning are a reminder that the road to recovery is never straight," Obama said.
Climate change, alongside healthcare and financial regulation reform, is a core goal of Obama's White House.
All require support from Congress, where his Democratic Party may suffer a setback in November congressional elections unless he can start to push the jobless figures down.
The tax credits have been granted to 183 projects across the country involved in technologies that include solar, wind and other initiatives to improve energy efficiency.
On top of the employment resulting directly from the tax credit, Obama said it would lead to "tens of thousands" of additional new jobs.
The White House says the stimulus money has helped prevent the deepest U.S. recession in 70 years from getting much worse, and has renewed its push to boost job creation, which many analysts say warrants more public spending.
Obama held a jobs summit and met with bankers last month to boost lending to small businesses in the hope that would encourage them to hire more workers.
In addition, the House of Representatives has approved an additional $155 billion jobs package to boost hiring, although the Senate has yet to take up its version of the legislation and will first tackle Obama's signature healthcare reforms.
"We have to continue to explore every avenue to accelerate the return to hiring," he said.
Companies that will benefit from the clean energy tax credit include Itron Inc, based in Liberty Lake, Washington, PPG Industries, Inc, based in Pittsburgh, and TPI Composites, Inc, based in Scottsdale, Arizona.
(Reporting by Alister Bull; Editing by Peter Cooney)
[Green Business]
WASHINGTON
Fri Jan 8, 2010 11:59am EST
Obama to announce clean tech jobs effort - W.House
WASHINGTON (Reuters) - President Barack Obama will announce funding to promote clean technology manufacturing jobs in remarks expected later on Friday, the White House said.
The money will go to projects including solar, wind and energy management, a White House spokesman said.
Obama is scheduled to make a statement about the economy at 2:40 p.m. (1940 GMT).
A Labor Department report showing unexpected U.S. job losses in December has boosted pressure on the administration to step up job-creation efforts.
(Reporting by Emily Kaiser; Editing by James Dalgleish)
[Green Business]
Alister Bull
WASHINGTON
Fri Jan 8, 2010 2:41pm EST
Obama awards $2.3 bln clean energy tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama will unveil a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as fresh data showed that the country's unemployment remains stuck in the double digits.
The White House said the credit, from funds already earmarked under a $787 billion stimulus package Obama signed last February, 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 on Friday served as a reminder that labor market conditions remain grim. U.S. unemployment was unchanged at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
Obama is due to make the announcement at 3 p.m. (2000 GMT) at the White House.
"The Recovery Act awards I am announcing today 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 will say in his remarks, according to a White House statement.
Climate change, alongside healthcare and financial regulation reform, is a core goal of Obama's White House.
But all require support from Congress, where his Democratic Party may suffer a setback in November mid-term elections unless he can start to push the jobless figures down.
The clean energy tax credits have been granted to 183 projects around the country involved in technologies that include solar, wind, efficiency and energy management projects.
"Building a robust clean energy sector is how we will create the jobs of the future," Obama will say.
The White House credits Recovery Act stimulus money with helping prevent the deepest U.S. recession in 70 years from getting much worse, and has renewed its push to boost job creation, which many analysts say warrants more public spending.
Obama held a jobs summit and met with bankers last month to boost lending to small businesses in the hope that this would encourage them to hire more workers.
In addition, the House of Representatives has approved an additional $155 billion jobs package to boost hiring, although the Senate has yet to take up its version of this legislation and will first tackle Obama's signature healthcare reforms.
(Reporting by Alister Bull; Editing by Doina Chiacu)
[Green Business]
WASHINGTON
Fri Jan 8, 2010 3:59pm EST
Factbox: New U.S. clean energy manufacturing tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama Friday awarded $2.3 billion in tax credits, which will be matched by as much as $5.4 billion in private sector funding, to help create clean energy manufacturing jobs.
The funding will provide a 30 percent tax credit for investments in 183 manufacturing facilities that make clean energy products in 43 states.
Qualifying manufacturing facilities include the production of a wide range of clean energy products:
* Solar, wind, geothermal, or other renewable energy equipment.
* Electric grids and storage for renewables.
* Fuel cells and microturbines.
* Energy storage systems for electric or hybrid vehicles.
* Carbon dioxide capture and sequestration equipment.
* Equipment for refining or blending renewable fuels.
* Equipment for energy conservation, including lighting and smart grid technologies.
* Plug-in electric vehicles or their components, such as electric motors, generators, and power control units.
* Other advanced energy property designed to reduce greenhouse gas emissions may also be eligible as determined by the Treasury Department.
The criteria used to select winning projects was based on:
* Greatest domestic job creation (direct and indirect).
* Greatest net impact in avoiding or reducing air pollutants or emissions of greenhouse gases; lowest cost of energy.
* Greatest potential for technological innovation and commercial deployment.
* Shortest project time from certification to completion.
(Reporting by Tom Doggett, editing by Eric Walsh)
[Green Business]
LOS ANGELES
Fri Jan 8, 2010 6:56pm EST
Factbox: Clean energy companies gain new tax credits
LOS ANGELES (Reuters) - U.S. President Barack Obama on Friday awarded $2.3 billion in tax credits to renewable energy companies to help create clean energy jobs.
The credits will be matched by as much as $5.4 billion in private sector funding and provide for investments in more than 180 manufacturing facilities.
Qualifying companies and their requested tax credits include the following:
Solar power industry
Hemlock Semiconductor Corp: $141.9 million
Wacker Polysilicon North America LLC: $128.5 million
Miasole: $101 million
SolarWorld Industries America Inc: $82.2 million
CaliSolar Inc: $51.6 million
DuPont: $50.7 million
Nanosolar: $43.5 million
First Solar: $16 million
SunPower Corp: $10.8 million
Suntech Power Holdings Co Ltd: $2 million
BP Solar: $11.7 million
AE Polysilicon: $44.9 million
Wind industry
Vestas: $51.8 million
Siemens: $35.8 million
Nordex USA Inc: $22 million
Other sectors:
Cree Inc, lighting: $39 million
United Technologies Corp, industrial: $110 million
Alstom Inc, nuclear: $65.7 million
Texas Instruments Inc, buildings: $51.5 million
Volkswagen Group of America, auto: $150 million
(Reporting by Laura Isensee)
[Green Business]
Alister Bull
WASHINGTON
Sun Jan 10, 2010 11:03am EST
Obama awards $2.3 billion clean energy tax credits
WASHINGTON (Reuters) - U.S. President Barack Obama unveiled a $2.3 billion tax credit on Friday to boost jobs by promoting clean energy, as new data showed the country's unemployment rate remained stuck in the double digits.
Obama said the credit, from funds earmarked under a $787 billion stimulus package he signed last February, would create 17,000 U.S. jobs and be matched by an additional $5 billion in private capital.
"Building a robust clean energy sector is how we will create the jobs of the future, jobs that pay well and can't be outsourced," Obama said.
"This initiative is good for middle-class families. It is good for our security. It is good for our planet," he said.
High unemployment is one of Obama's most pressing domestic challenges and a monthly payroll report released on Friday served as a reminder labor market conditions remain grim. U.S. unemployment was unchanged at 10 percent in December, while businesses unexpectedly shed 85,000 jobs.
"The jobs numbers that were released by the Labor Department this morning are a reminder that the road to recovery is never straight," Obama said.
Climate change, alongside healthcare and financial regulation reform, is a core goal of Obama's White House.
All require support from Congress, where his Democratic Party may suffer a setback in November congressional elections unless he can start to push the jobless figures down.
The tax credits have been granted to 183 projects across the country involved in technologies that include solar, wind and other initiatives to improve energy efficiency.
On top of the employment resulting directly from the tax credit, Obama said it would lead to "tens of thousands" of additional new jobs.
The White House says the stimulus money has helped prevent the deepest U.S. recession in 70 years from getting much worse, and has renewed its push to boost job creation, which many analysts say warrants more public spending.
Obama held a jobs summit and met with bankers last month to boost lending to small businesses in the hope that would encourage them to hire more workers.
In addition, the House of Representatives has approved an additional $155 billion jobs package to boost hiring, although the Senate has yet to take up its version of the legislation and will first tackle Obama's signature healthcare reforms.
"We have to continue to explore every avenue to accelerate the return to hiring," he said.
Companies that will benefit from the clean energy tax credit include Itron Inc, based in Liberty Lake, Washington, PPG Industries, Inc, based in Pittsburgh, and TPI Composites, Inc, based in Scottsdale, Arizona.
(Reporting by Alister Bull; Editing by Peter Cooney)
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