Battle lines quickly formed on Monday in response to President Barack Obama's first-ever proposal to slash greenhouse gas emissions from U.S. power plants, one he said would mean "a better future for America," but critics said would raise energy costs.
The rule would set individual state carbon emissions targets, which would yield a cumulative national cut of 30 percent by 2030 compared to 2005 levels, with an interim reduction by 2020 of about 25 percent. Obama defended the sweeping proposal in a conference call with health groups, calling it a "sensible, state-based plan" to address the health and environmental effects of global warming, even as opponents promised resistance in Congress and on the campaign trail.
To fully understand Gina McCarthy's announcement Monday about the Environmental Protection Agency's proposed new rule limiting carbon emissions from existing power plants, you have to appreciate that she was speaking to several audiences at the same time. There was something for each in her speech.
Among her audiences were Democratic lawmakers thought to be vulnerable in the mid-term elections; the courts, which will hold the ultimate power of decision on whether the new rule stands; environmentalists; and the general public.
The Environmental Protection Agency on Monday proposed cutting greenhouse gas emissions from existing power plants by 30 percent by 2030.
The target, the agency said, would be based against 2005 emissions. EPA projected that coal-fired electricity will drop under the plan to about 30 percent of the nation's electricity supply by that year, down from about 37 percent in 2012.
In excerpts of a speech she was to give today, EPA Administrator Gina McCarthy said the standard will set allowable carbon per megawatt-hour generated.
She stressed that states will have the flexibility to comply with the rule, and contended that electicity will remain "affordable and reliable."
WASHINGTON (AP) — The Environmental Protection Agency on Monday will roll out a plan to cut carbon dioxide emissions from power plants by 30 percent by 2030, setting the first national limits on the chief gas linked to global warming.
The rule, which is expected to be final next year, is a centerpiece of President Barack Obama's plans to reduce the pollution linked to global warming, a step that the administration hopes will get other countries to act when negotiations on a new international treaty resume next year.
Democrats are not entirely united behind Obama administration energy policies like the rule being unveiled Monday to limit power plant carbon emissions, with opposition coming from some of those running in key senate races this fall, The Washington Post reports.
Investment funds that are about more than money – taking into account environmental and social criteria as well as corporate governance standards – increased net assets by a factor of five in the five years between 2007 and 2012, according to the U.S. Forum for Sustainable and Responsible Investment, The New York Times reports.
BERLIN (AP) — The United Nations' top climate change official is hailing a planned new U.S. regulation to limit pollution blamed for global warming from power plants and says she expects it to spur other countries into action.
The Obama administration plans to announce the rule Monday, tapping the president's executive powers to tackle carbon dioxide emissions from power plants.
U.N. climate chief Christiana Figueres said in a statement Sunday the decision "will send a good signal to nations everywhere that one of the world's biggest emitters is taking the future of the planet and its people seriously." She said it's also a hopeful sign for negotiations to secure a new global climate agreement next year.
The Bureau of Ocean Energy Management is opening sealed bids Wednesday from 14 companies looking to pick up oil and gas leases in the western Gulf of Mexico, mostly concentrating on 81 tracts, FuelFix reports.
Wind energy is expected to grow in the U.S. over the next two years, but the expiration of the wind Production Tax Credit has cast doubt on the future beyond 2015 despite declines in cost and prices, says the Department of Energy’s annual report on the sector, according to Platts.
Oil was rising Wednesday as traders anticipated the day’s data would reveal a stockpile decline and speculated that recent price drops have been excessive. West Texas Intermediate crude for October delivery gained 26 cents to $93.12 a barrel in electronic trading on the Nymex while the expiring September contract jumped $1.77 to $96.25, and in London October Brent was up 72 cents to $102.28, Bloomberg reports.
Berkshire Hathaway chief and billionaire Warren Buffett has sold off most of the conglomerate’s holding in ConocoPhillips and is looking to unload other oil company shares, FuelFix reports, noting that the decline in oil prices may be fueling his moves.
Faced with increasing drought and power plants that use large quantities of water, a Southern Co. subsidiary has teamed with other utilities and national industry research groups to create the Water Research Center in Georgia, a facility seeking to find ways of improving water management, E&E reports.
An event Thursday in Fort Collins, Colo., in support of the Environmental Protection Agency’s Waters of the United States rule is being hosted by Democratic Rep. Jared Polis and the company that brews Fat Tire, The Hill reports.
Moves by Tom Steyer’s NextGen Climate to back Iowa Democrat Bruce Braley’s run for the Senate against Joni Ernst have him lending support to the Renewable Fuel Standard, which a number of environmentalists oppose because they say ethanol and the RFS undermine the fight against climate change, National Journal reports.
A draft of New Hampshire’s 10-year energy plan prepared by research firm Navigant, which is set to be finalized before Sept. 1, outlines what the state can do to boost renewables, efficiency and infrastructure, WMUR reports.