New York (CNNMoney) - Fisker Automotive, maker of the plug-in hybrid Fisker Karma luxury car, has laid off 75% of its workforce, keeping only a small core group of executives, the company said Friday.
Prior to the lay-offs Fisker had had about 200 employees.FULL STORY
San Francisco (CNN) - The Keystone XL pipeline controversy greeted President Barack Obama in San Francisco this week with activists outside one big-dollar fundraising event urging him to reject the energy project.
Although he didn’t mention Keystone specifically in his remarks at Ann and Gordon Getty’s Pacific Heights mansion on Wednesday night, Obama did allude to the tricky balance between protecting the environment and spurring economic growth.
(CNN) – Republicans pressed President Barack Obama again Saturday to approve the controversial proposed pipeline that would carry oil from Canada to the Gulf of Mexico.
U.S. Rep. Lee Terry of Nebraska said in the weekly Republican address the Keystone pipeline "is primed to give our economy a shot in the arm and make energy more affordable – and it won't cost the taxpayers a dime."
Washington (CNN) – Using revenue collected from drilling on public lands to fund alternative energy research will help Americans break their dependence on oil, President Barack Obama predicted in his weekly address on Saturday.
He was speaking in Lemont, Illinois, where on Friday he laid out his plan at a laboratory conducting green energy research.
Washington (CNN) – With climate change as one of his administration's top priorities and the decision on the controversial Keystone pipeline expected at any time, President Obama took his energy message to Chicago Friday.
The president pressed Congress to pass an energy proposal that the administration says would target two billion dollars over ten years to wean cars and trucks from fossil fuels to clean energy and create clean energy jobs.
Washington (CNN) - President Obama convened an unannounced energy-policy meeting at the White House on Thursday night with a group of leaders from the business, academic and green energy communities.
One participant characterized the off the record gathering as a chance for the president to talk with people who have different perspectives on energy issues, including the controversial process of natural gas development known as hydraulic fracturing, or 'fracking.'
(CNN) – Tapping two candidates with a strong mix of business and governmental experience for Cabinet posts, President Barack Obama is naming women to two of the potentially toughest jobs in Washington - director of the Office of Management and Budget, and administrator of the Environmental Protection Agency. He also named an MIT scientist with government experience as his nominee to be energy secretary.
Sylvia Mathews Burwell, who was nominated Monday for the OMB position, is the head of the Walmart Foundation, the retail chain's charitable organization. If confirmed by the Senate, she would assume a Cabinet-rank position as head of the White House agency that has the herculean task of advising the president on budget matters.FULL STORY
(CNN) - Van Jones, a former green jobs official in the Obama administration and a CNN contributor, said Friday that if the controversial Keystone oil pipeline is constructed under President Barack Obama's watch, it could become part of his legacy.
"Now it's the 'Obama Pipeline' and it leaks," he said, posing the hypothetical situation of a spill along its 1,700-mile length.
(CNNMoney) - The State Department said Friday that the Keystone pipeline expansion should have no significant effect on the environment along its proposed route, but stopped short of saying whether or not the controversial pipeline should be approved.
If the company behind the pipeline, TransCanada, follows all the rules, its "construction and normal operation" of the pipeline should pose no major risks, the State Department said in its draft environmental impact statement. That statement is now open for a 45-day public comment period, after which the Obama administration will make its decision about the pipeline.FULL STORY