U.S., China seek clean energy: Obama
President Barack Obama held the first day of talks with a Chinese delegation in Washington D.C. to address economic issues including energy related topics. During remarks on Monday, Obama said China and the United States have an interest in creating clean and secure energy sources, according to the Associated Press. He added that neither country profits from a dependence on foreign oil. He also said neither any will be able to fight climate change unless they work together.
Duncan Energy profit jumps 74%
Duncan Energy Partners LP, a natural gas firm, said its net profit for the second quarter increased 74 percent to $23.2 million or 40 cents per unit, compared to $13.3 million or 32 cents per unit in the same quarter a year ago. The increase was due to an acquisition of assets from another energy firm, the company said.
Four states get over $54 Million for clean and efficient energy
The U.S. Department of Energy announced funds from the stimulus package for energy efficiency and renewable energy programs. States receiving funds include Nevada with $13.9 Million, Rhode Island with $9.5 million, Wisconsin with $22.1 million and Vermont with $8.8 million. The funds are aimed at boosting each state's economy, creating jobs and ultimately contributing to a national goal set by President Obama's administration to reduce dependence on foreign oil.