Share:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to email this to a friend (Opens in new window) Image by Justin Gould / WNY News Now.JAMESTOWN – A $150,000 Clean Energy Communities grant will allow Chautauqua County to implement three clean energy projects this year.County officials say the grant projects include purchasing three Chevrolet Bolt electric vehicles to replace existing gasoline vehicles, installation of two electric vehicle charging stations for use by public facilities staff and converting to LED lighting at the Jamestown Airport’s Oak Hill Road tunnel, as well as the conversion of parking lot lighting at the DPF’s Falconer Shop to LEDs.Because electric vehicles and LED lights are substantially more energy efficient than the vehicles and lights they respectively replace, these projects will save the County nearly $40,000 per year in energy costs, officials said.“This is exciting news,” said Chautauqua County Executive PJ Wendel. “NYSERDA has led the charge in cost-saving measures as they relate to clean energy initiatives. I am excited to see the upgrades and the savings with this grant.” County Legislator Mark Odell said among local municipalities and the county, more than $600,000 has been awarded for energy projects.“As one of my first initiatives during my tenure on the Legislature, I am very proud of the collaborative effort that led to Chautauqua County’s ‘Clean Energy Community’ designation,” said Odell.“We also had several towns and villages within the County that have attained this status by completing high-impact energy-related actions and have received awards ranging from $5,000 to $100,000 to further improve and modernize their energy infrastructure as well. County-wide we had an influx of over $600,000 awarded through this initiative. Our attainment of this Clean Energy Community designation will further elevate Chautauqua County’s ranking for business recruitment as well.”“With this grant, the Department of Public Facilities is excited to help the State achieve its environmental goals by purchasing the first ever all-electric vehicles for use by DPF as well as replacing old and inefficient lighting at various county locations,” said Brad Bentley, Chautauqua County Director of Public Facilities. “This grant came at a great time, as DPF needs to replace old fleet vehicles, so this also has a direct savings.”
U.S.-based oil major Chevron has announced a 2018 capital and exploratory spending program of $18.3 billion, which is down for the fourth consecutive year. This amount includes $5.5 billion for the company’s share of expenditures by affiliated companies, Chevron said on Wednesday.“Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chevron Chairman and CEO John Watson, who will retire from the company on February 1, 2018, after 37 years of service, including eight years as chairman and CEO.About a year ago, Chevron reduced its capex for 2017 to $19.8 billion, a reduction of 42 percent from 2015 outlays.Watson continued, “We’re fully funding our advantaged Permian Basin position and dedicating approximately three-quarters of our spend to projects that are expected to realize cash flow within two years.”“With production currently exceeding guidance in the Permian, our 2018 plan should deliver both strong production growth and solid free cash flow, at prices comparable to what we’ve seen this year.”In the upstream business, approximately $8.7 billion is forecasted to sustain currently producing assets, including $3.3 billion for the Permian and $1 billion for other shale and tight rock investments. Approximately $5.5 billion of the upstream program is planned for major capital projects underway, including $3.7 billion associated with the Future Growth Project at the Tengiz field in Kazakhstan.Global exploration funding is expected to be about $1.1 billion. Remaining upstream spend will be for early stage projects supporting potential future developments.Approximately $2.2 billion of planned capital spending is associated with the company’s downstream businesses.
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