Fedex Begins A Solar Power Installation At New Jersey Facility; EU Changes Biofuels Target Limit; Penn West Sells $1.3B In Assets - Energy Minute for October 24, 2012

SOURCE: 3BL Media, LLC

DESCRIPTION:

FedEx has broken ground for a large solar installation at its Newark, New Jersey facility. The project will cover 3.5 acres, and will supply 15 percent of the facility’s power needs at a lower cost than the energy currently provided from the grid.

The European Union has announced a radical shift in its biofuels policy. The organization now proposes to limit the amount of transport fuels from food crops that would count toward a 2020 renewable energy target to no more than 5 percent of the total energy used in the transport sector in 2020. That represents the current amount of food crop-based biofuels used in EU transport fuels. The Commission originally proposed a target of 10 percent.

Penn West, one of Canada’s largest oil and gas producers, has lined up buyers for $1.3 billion worth of Canadian oil and gas assets. The Calgary-based company will use the proceeds to cut debt.

For more information on these and other stories, go to 3blmedia.com

Video Source: FedEx Begins a Solar Power Installation at New Jersey Facility; EU Changes Biofuels Target Limit; Penn West Sells $1.3B in Assets

Tweet me: .@FedEx Begins A #Solar Power Installation in NJ; EU Changes #Biofuels Target Limit; Penn West Sells $1.3B In Assets http://3bl.me/63d48s

KEYWORDS: FedEx, European Union, Penn West Petroleum, The Energy Minute, Solar, biofuels, Energy, Canada, 3bl Media, Energy Minute

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here