What is Enduring Purpose? An enduring purpose is a public statement regarding a company’s core principles, defining values, as well as its short- and long-term goals. An enduring purpose is similar in many ways to a mission statement and serves to provide a guide as to the company’s past and present direction. An enduring purpose
What Is the Energy Sector? The energy sector is a category of stocks that relate to producing or supplying energy. The energy sector or industry includes companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, and refining. The energy industry also includes integrated power utility companies such as
What is Energy And Commerce Committee? The Energy and Commerce Committee, established in 1795, is the oldest standing committee within the U.S. House of Representatives overseeing a number of cabinet-level departments within the government, as well as independent agencies. Key Takeaways The Energy and Commerce Committee, established in 1795, is the oldest standing committee within
What Are Energy Derivatives? Energy derivatives are financial instruments whose underlying asset is based on energy products, including oil, natural gas, and electricity. They can either be traded on a formal exchange, such as the Chicago Mercantile Exchange (CME), or on an over-the-counter (OTC) basis. Energy derivatives are an important part of the modern financial
What Is an Energy ETF? The term energy ETF refers to an exchange-traded fund that provides investors with exposure to the energy sector. Like other exchange-traded funds, energy ETFs track a broad sector index, sub-sector, commodity, or other assets by investing in oil, gas, and alternative energy companies. Investing in energy ETFs allows investors to
What Is an Energy Improvement Mortgage? An energy improvement mortgage is a home loan that creates an escrow account to fund cost-effective improvements to a property’s energy efficiency. The funds can be obtained when a property is purchased or during a mortgage refinancing. If obtained at the time of purchase, there is no change to
What is the Energy Information Administration (EIA) The Energy Information Administration (EIA) is a government agency formed in 1977. The EIA is responsible for objectively collecting energy data, conducting analysis and making forecasts. The EIA’s reports contain information regarding energy-related topics such as future energy inventories, demand, and prices. Its data, analysis, and reports are available online to both
What Is an Energy Risk Professional (ERP)? Energy Risk Professional (ERP) is a professional designation awarded by the Global Association of Risk Professionals (GARP) to individuals who work in the oil, coal, natural gas, and alternative energy industries. As of 2021, the designation will no longer be offered. Key Takeaways Energy Risk Professional (ERP) is
What is an Energy Tax? An energy tax is a tax on fuels, energy generation, transmission, or consumption. Due to the inelasticity of demand for energy, these taxes can be major sources of government revenue. Tax revenues so raised may or may not be directed toward spending that supports the taxed industry or activity. Other
What Is an Energy Tax Credit? An energy tax credit is a government-sponsored incentive that reduces the cost for people and businesses to use alternative energy resources. Eligible individuals or entities who meet the criteria are reimbursed for their efforts to make the planet “greener” when paying income taxes, with the credit amount being wiped
