Welcome To The Ram Power Corp HUB On AGORACOM
Edit this title from the Fast Facts Section
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio



KWG Partners With Massive Chinese Railway Company To Study Rail Solution For The Ring Of Fire

  • KWG and China Railway Company have signed a Confidentiality and Non-Disclosure Agreement
  • Includes a three-year standstill provision, to enable the scoping and engineering data of KWG subsidiary Canada Chrome Corporation to be made available for examination and analysis by FSDI
  • Parties intend to explore the possibility of a negotiated transaction between them for Chinese firm to undertake a feasibility study for KWG
  • WATCH BNN Interview With Frank Smeenk

Hub On AGORACOM / Corporate Profile / Read Release

Message: Positive Outlook

Rank: [?]
Vice President
Points: [?]
Rating: [?]
Votes: 33 Score: 3.7
  • Currently 3.8/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Positive Outlook

posted on Nov 05, 10 09:49AM

" Recent midterm elections confirm positive outlook for geothermal development. The rejection of a bill in California that would have suspended its climate law provides that there is public support for clean energy and in particular geothermal energy in the state.

Following the recent midterm elections in the United States, the U.S. Geothermal Energy Associations states that it believes, “the midterm election results show a positive outlook for geothermal energy. Both at the federal and state levels, there will be continued support for the policies and programs needed to expand geothermal production in the United States.

Republicans taking control of the House will likely increase support for action on extending tax credits – a top priority for the geothermal industry. The House Republicans energy blueprint, the American Energy Act, proposes making the renewable production tax credit permanent which is important for continued growth. Senate Majority Leader Harry Reid proposed similar legislation in a previous Congress. The on-again, off-again history of renewable tax incentives undermines investment in new geothermal projects and their supporting manufacturing, drilling, and construction industries. In addition, the new House of Representatives is anticipated to provide strong oversight of agency processes and support streamlining of areas of persistent bureaucratic delay. Reducing bureaucratic delays can only help move new geothermal projects forward.

In both the House and Senate, key geothermal supporters won re-election, several by significant margins. We believe this reflects that their efforts to support more clean, domestic geothermal power production was recognized by their constituents.

At the state level, the election results also brought positive developments. In California voters rejected Proposition 23—which would have suspended the state’s historical climate law. Not only does this demonstrate public support for action on climate change, but it means there will be a strong market for clean, reliable geothermal power in California where geothermal continues to be the leading renewable power provider.”

Source: Statement by GEA via Renewable Energy World"


New Message

Please login to post a reply


AGORACOM Twitter. Follow our small but powerful market tips .. Follow and Prosper

President's D.D.

New feature: Hub Presidents can add important links here.