New report: Tecolote Energy Management ‘under scrutiny’ for climate change denial
A report released today by Greenpeace found that Tecolot Energy Management (TEMC) was “under scrutiny” for failing to disclose its ties to the American Petroleum Institute (API) in its annual corporate income tax filings.
In a letter sent to TEMC CEO Mark Hickey, Greenpeace said the company failed to disclose a “significant amount” of API support for Tecolotes renewable energy projects.
TEMC also failed to file a statement of tax position on its annual financial statements, the letter added.
The letter came a day after the company announced it had secured a $15 million grant from the American Council for an Energy-Efficient Economy (ACEEE) to help fund Tecolots research and development on solar thermal technology.
Tecolotes new solar thermal energy project, located in North Carolina, has received support from the ACSEE.
According to the letter, TEMC is “the only company on the market with a significant amount of support from a major federal energy research and engineering program.”
The letter also stated that TEMC’s solar thermal project “has the potential to have a significant impact on the United States climate,” which Greenpeace has called a “key issue” in the upcoming Paris climate change negotiations.
The letter did not specify which federal research program the company has received funding from.
Tecolote has received a total of $7.6 million in federal funds since 2010, according to the company’s website.
As of November, TECCO had received $3.5 million in funding from the U.S. Department of Energy.
Greenpeace’s letter, which also referenced the ACSEEE, said that TECCOs “record is of particular concern due to TECCOM’s longstanding failure to disclose significant funding from federal research programs that directly support renewable energy technologies.”