WASHINGTON (AP) — Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates.
The subject of Yellen's remarks Friday will be labor markets, which is the theme of this year's gathering of central bankers. Minutes of the Fed's July 29-30 meeting released Wednesday showed that officials engaged in a sharp debate over whether to raise rates sooner than expected if the economy keeps strengthening.
WASHINGTON (AP) — At the heart of President Barack Obama's quandary over the Islamic State militants is their haven in Syria.
The president may continue helping Iraqi forces try to reverse the group's land grabs in northern Iraq by providing more arms and American military advisers and by using U.S. warplanes to support Iraqi ground operations.
HEXIGTEN, China (AP) — Deep in the hilly grasslands of remote Inner Mongolia, twin smoke stacks rise more than 200 feet into the sky, their steam and sulfur billowing over herds of sheep and cattle. Both day and night, the rumble of this power plant echoes across the ancient steppe, and its acrid stench travels dozens of miles away.
This is the first of more than 60 coal-to-gas plants China wants to build, mostly in remote parts of the country where ethnic minorities have farmed and herded for centuries. Fired up in December, the multibillion-dollar plant bombards millions of tons of coal with water and heat to produce methane, which is piped to Beijing to generate electricity.
It's part of a controversial energy revolution China hopes will help it churn out desperately needed natural gas and electricity while cleaning up the toxic skies above the country's eastern cities. However, the plants will also release vast amounts of heat-trapping carbon dioxide, even as the world struggles to curb greenhouse gas emissions and stave off global warming.
WASHINGTON (AP) — Texas Gov. Rick Perry on Thursday pressed for a more aggressive U.S. military response in Iraq to combat Islamic state militants, including a sustained air campaign, and signaled he would support sending American ground troops.
"We need to have all of our options open," Perry told a standing-room-only crowd at the conservative Heritage Foundation.
The potential 2016 presidential candidate dismissed the "limited" air strikes that President Barack Obama has ordered as insufficient as the U.S. tries to help Iraqi and Kurdish forces regain control of large sections of Iraq.
Although Environmental Protection Agency Administrator Gina McCarthy hasn’t yet moved to lower limits on ozone levels following a recommendation from EPA's scientific advisers to do so, the National Association of Manufacturers is ramping up its campaign against the prospect with ads in the election battleground states of Kentucky, North Carolina and Colorado criticizing what it calls “unrealistic new ozone regulations,” The Hill reports.
The Environmental Protection Agency on Thursday said its latest status report on urban air pollution finds significant reductions in benzene, mercury and lead, among other toxics, but that additional reductions are needed, especially in low-income and minority communities.
Administrator Gina McCarthy told reporters that the data contained in its second Integrated Urban Air Toxics Report, sent to Congress as required under the Clean Air Act, showed "considerable gains in improving our air quality across the country."
She declined to say, however, whether EPA is leaning toward a tougher ozone standard proposal, a prospect that has business and industry sounding alarms over what they say would be huge economic costs.
Increasing U.S. oil production fuelled by the shale boom has helped to keep a lid on oil prices despite global crises that in past years would have triggered supply disruptions and price spikes, according to an Energy Information Administration analysis, National Journal reports.
The California legislature has been approving measures to encourage hybrid and electric cars, looking to back the California Air Resources Board’s goal of getting 1.5 million zero emission vehicles on the road over the next decade, the Los Angeles Times reports.
Environmental groups including the Southeast Alaska Conservation Council have filed at least three lawsuits against the U.S. Forest Service, looking to stop the sale of timber from the Tongass National Forest in Alaska, the Los Angeles Times reports.
The Environmental Protection Agency hasn’t won a major legal victory backing its regulatory authority under the Clean Water Act since 1985, significant given the challenges its Waters of the U.S., or WOTUS, rule is likely to face, E&E reports.
By pushing for international agreement on a climate accord – which would "name and shame" violators rather than prosecute them – President Obama hopes to come up with a global deal on the issue that would avoid him having to present a legally binding treaty for Senate ratification, The New York Times reports.
$1.4 million will settle federal claims stemming from a crude oil spill from a pipeline operated by an Exxon Mobil subsidiary in Louisiana back in 2012, an amount the company has agreed to pay, The Hill reports.
A greater-than-expected decline in crude stockpiles reported by the Energy Information Administration Wednesday helped push oil prices up. U.S. benchmark crude gained 15 cents to $94.01 a barrel after settling 51 cents higher on the Nymex Tuesday, while in London Brent crude for October delivery rose 21 cents to $102.71, Reuters reports.
Texas lawmakers examined the impact of the oil boom in a hearing Tuesday, where the Texas Oil & Gas Association said it has brought the state $48 billion in wage payments and $11 billion in royalties a year, the Houston Chronicle reports.
High returns from fossil fuel investments make it difficult for the divestment movement to attract support, although dumping coal stocks may be a more attractive proposition than turning away from oil and gas companies, says a new report from Bloomberg New Energy Finance, according to National Journal.
In a change of plans, Duke Energy said at a Florida Public Service Commission hearing Tuesday it would buy an existing natural gas-fired plant from Calpine Finance Construction Co. instead of building one of its own, the Tampa Bay Times reports.