EPA’s current estimate of the completion time for a draft of its study of the risks posed by hydraulic fracturing (“fracking”) to drinking water is now projected by the agency to be developed in early 2015. This is based on comments in a letter originating from EPA’s Region 8 office stating that the study on the risks posed by fracking to drinking water won’t reach draft final form until “early 2015”. [Region 8 Letter]
It looks like a pretty solid national jobs report for June, with the 288,000 positions that were added exceeding the hiring rate over the year’s first five months and unemployment dipping to 6.1 percent. That’s a good story. There’s an even better one deeper in the Labor Department data: The oil and natural gas industry and its supporting… Keep reading →
For corporations, taking into account issues of Environment and Social sustainability is becoming increasingly important. PwC, a professional services firm, held a webcast this week to discuss trends relating to ESG (Environment, Social, and Governance). The panelists discussed both the current state of ESG in corporations as well as the zeitgeist of the future business… Keep reading →
The energy sector has heated up in recent years as natural gas drilling technology has resulted in increased supply and the power sector has revolutionized in the face of monitoring and mobile technology that boosts the promises of smart grids. Firms are hiring, investments are going ahead at both the national and international level, and the industry is attracting attention as consumer technology advances filter into the “industrial internet.”
Recognizing its role in promoting the future of the industrial internet, the Department of Energy launched a manufacturing initiative it claims will help boost the prospects of the clean economy. The Clean Energy Manufacturing Initiative is small by comparison to the controversial payouts under the stimulus in the first Obama administration, but it signals a sustained commitment by the White House to the concept of a revitalized manufacturing sector driven by cleantech. Keep reading →
What gets measured gets managed is one of the truisms of the contemporary business environment, particularly as tools for collecting and analyzing data continue to proliferate across sectors. And as more companies include “sustainability metrics” in their self-measurement tools, the sector is seeing increased management and investor attention.
Major service providers, like the global accounting and consulting firm PwC, are seeing the change on the ground at firms and rushing to guarantee they are able to help their clients manage the newly visible risks and opportunities that come with these novel and increasingly detailed data sets. Keep reading →
Generally driven by a bump in generation asset and renewables transactions, mergers and acquisitions more than doubled in the fourth quarter of 2012 over the same period in 2011 for a whopping 116% increase, according to the PwC U.S. quarterly report North American Power Deals: Q4 2012.
Here are some takeaways from the report: Keep reading →
Traders on the floor of the New York Stock Exchange March 21, 2012 just after the opening bell.
There seem to be few limits to the number of risks that can circle any new energy project, whether it be an oil well or an efficiency-boosting technology designed for the home. From politics to privacy to financing to a lack of metrics, the obstacles often inhibit needed investment in the US and abroad as infrastructure ages while global demand grows. Keep reading →
US venture capital investments in cleantech rose 12% in 2011 despite strong headwinds from slow global economic growth, political deadlock in Congress and Europe’s debt crisis, according to the MoneyTree report released today by PwC and the National Venture Capital Association.
Both dollars and deal volume increased in 2011, bringing the year’s total to the highest level ever recorded at $4.3 billion across 323 deals, compared with $3.8 billion going into 289 deals in 2010. Keep reading →
Clean energy remains the new kid on the block for an energy sector dominated by fossil fuels for electricity generation both currently and for years to come. As the sector develops along with newly emerging technologies and falling costs, venture capitalists and other early-stage investors have seen enormous potential.
That potential has been regularly stymied to date by a number of factors, ranging from the specific like the financial crisis to the heavily regulated nature of an industry with reliability as its primary goal. Keep reading →