• 5 minutes Rage Without Proof: Maduro Accuses U.S. Official Of Plotting Venezuela Invasion
  • 11 minutes IEA Sees Global Oil Supply Tightening More Quickly In 2019
  • 14 minutes Paris Is Burning Over Climate Change Taxes -- Is America Next?
  • 7 hours U.S. Senate Advances Resolution To End Military Support For Saudis In Yemen
  • 7 hours Waste-to-Energy Chugging Along
  • 8 mins Alberta govt to construct another WCS processing refinery
  • 5 mins Let's Just Block the Sun, Shall We?
  • 11 hours Venezuela continues to sink in misery
  • 12 hours What will the future hold for nations dependent on high oil prices.
  • 6 hours Regular Gas dropped to $2.21 per gallon today
  • 1 day Zohr Giant Gas Field Increases Production Six-Fold
  • 15 hours Contradictory: Euro Zone Takes Step To Deeper Integration, Key Issues Unresolved
  • 20 hours UK Power and loss of power stations
  • 1 day Global Economy-Bad Days Are coming
  • 3 hours Sane Take on the Russia-Ukraine Case
  • 1 day No, The U.S. Is Not A Net Exporter Of Crude Oil
  • 20 hours EPA To Roll Back Carbon Rule On New Coal Plants
  • 1 hour Sleeping Hydrocarbon Giant
Alt Text

The Solar Tech Flying Under The Radar

Though Tesla’s Solar Roof tiles…

Alt Text

Will Mexico Choose Oil Over Clean Energy?

Just days after Andrés Manuel…

Environmental Finance

Environmental Finance

Environmental Finance is still the only independent global magazine offering comprehensive coverage of the financial impact of environmental issues on the business community.  Leading industry…

More Info

Trending Discussions

Exelon to Invest $5 Billion in Clean Energy

US utility Exelon is to invest nearly $5 billion in low-carbon energy projects starting this year, as part of plans to cut carbon dioxide emissions by more than 15 million tonnes a year by 2020.

The Chicago-based company will spend close to $5 billion on energy-efficiency and smart grid programmes, renewable energy projects and increasing output at Exelon’s nuclear plants. Most of the investments will be made in Pennsylvania and Illinois, where the majority of its customers are based.

The firm said it is already half way to reaching its 2020 goal, having reduced, offset or displaced almost 8 million tonnes of carbon dioxide equivalent.

Its plans are part of a broader strategy, dubbed Exelon 2020, which is expected to result in new equipment orders, engineering and construction contracts, and professional and technical service agreements. These investments also aim to support thousands of jobs, both at Exelon and its more than 5,000 suppliers.

Chairman and CEO of Exelon, John Rowe, said: “We are committed to a clean and secure energy supply at the lowest cost to the communities and customers we serve and the markets in which we operate.”

“The question facing the United States is not whether it should reduce air pollution and carbon emissions, but how to do so affordably, especially in light of current economic conditions. The pending suite of [Environmental Protection Agency] regulations will help drive the transition to a cleaner energy future.”

Some of the key initiatives under the Exelon 2020 programme include shutting down four carbon-intensive power generation units that run on coal, gas and oil. Combined, the units account for 933MW of generating capacity.

Exelon will also increase output from its nuclear fleet which has grown by 100MW to more than 17GW since 2008, but planned expansions through 2017 could add up to 1,500MW of capacity.

By. Tatei Montejo

Source: Environmental Finance




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News