Daily Wrap Up for July 16 - Energy

on July 16 2009 6:21 PM

Senate debates climate bill impact on American jobs

The U.S. Senate Committee on Environment and Public Works held a hearing Thursday about the impact on American jobs of the American Clean Energy and Security Act. Republicans claimed the bill will cause a loss of more than 2 million jobs and relocate them abroad, while Democrats said the bill will spur green jobs in America.

Natural gas stockpiles increase below forecasts

U.S. stockpiles of natural gas rose 90 billion cubic feet on the week ended July 10, the Department of Energy reported today. The results were below the 92 Bcf analysts expected but bigger than the five-year average increase of 88 billion, according to Bloomberg estimates.

U.S. and China to collaborate on buildings efficiency

During the last days of his visit to China, U.S. Energy Secretary Steven Chu did not say the Asian country had committed to reductions in carbon emissions but said he was greatly encouraged by what he saw on the trip, Bloomberg reported.

The U.S. and China agreed to develop energy efficient building designs. They also agreed to develop a joint Clean Energy Research Center that will focus on building energy efficiency, clean coal including carbon capture and storage, and clean vehicles.

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