California’s epic drought is pushing Big Oil to solve a problem it’s struggled with for decades: what to do with the billions of gallons of wastewater that gush out of wells every year.
Golden State drillers have pumped much of that liquid back underground into disposal wells. Now, amid a four-year dry spell, more companies are looking to recycle their water or sell it to parched farms as the industry tries to get ahead of environmental lawsuits and new regulations.
The trend could have implications for oil patches across the country. With fracking boosting the industry’s thirst for water, companies have run into conflicts from Texas to Colorado to Pennsylvania. California could be an incubator for conservation efforts that have so far failed to gain traction elsewhere in the U.S.
California will remain in the stranglehold of drought at least until September, even as a climate system in the tropical Pacific Ocean that would have brought rainfall to the parched state appears to be weakening, according to the National Oceanic and Atmospheric Administration’s monthly climate update released yesterday.
Weather watchers had been hoping that an El Niño, which occurs when an area of the tropical Pacific Ocean warms by at least 0.5 degrees Celsius above normal, would bring moisture to the West Coast
A whopping 80 percent of survey respondents expressed a willingness to pay at least something to better maintain and improve California’s infrastructure, including paying increased gas and property taxes. Where respondents varied was on how much and by what method everyone should pay. 21 percent of survey takers felt tying who pays to who uses the infrastructure would be the most fair.
Radioactive isotopes from Japans Fukushima nuclear disaster turned up in bluefin tuna caught off California in August, a new study reports. The 15 fish that were tested contained 10 times the background levels of radioactive cesium, including a short-lived isotope that the fish must have absorbed while swimming in contaminated waters near Japan before migrating east across the Pacific.
The first rule is...
…we once again get a reminder that life in the real economy, there were people can not just print their way out of trouble, practical issues such as reality still matter.
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Tagged banks, business, california, cuts, Depression, economic crisis, economy, financial crisis, financial institutions, money, Recession, small business, taxes
|California Clean Energy Manufacturers Will Receive $30 million
|The California Energy Commission today released the applications for the Clean Energy Business Financing Program (CEBFP), making available more than $30 million in low-interest loans to eligible California clean energy manufacturing businesses. The CEBFP will use American Recovery and Reinvestment Act (Recovery Act), State Energy Program (SEP) funds for 2.75 percent interest rate loans to private companies to reduce energy use, increase renewable energy generation, and create and retain California jobs.
“These loans for small business clean energy manufacturers will create jobs and upgrade our aging infrastructure,” said Governor Schwarzenegger. “California is paving the way for a new economic foundation for the 21st century, showing once again that what benefits the environment can also benefit the economy.”
Loans to qualifying applicants will range from $50,000 to a maximum of $5 million and may be used to expand or retool existing facilities for the manufacturing of eligible energy efficiency or renewable energy products, components, systems and technologies. Loan funds are also available to successful applicants for projects generating either new production or expanded production of biomethane gas from biomass that is direct-injected into natural gas transmission lines.
“What these clean energy entrepreneurs require is affordable capital – private and public funding that keeps jobs and manufacturing in California and strengthens the state’s economy,” said California Energy Commission Chairman Karen Douglas. “These low interest loans will help manufacturers to produce their renewable or energy-efficient products, benefiting Californians and recouping some of our state’s lost manufacturing jobs.”