BAGHDAD (AP) — Iraq's Cabinet on Tuesday agreed on a 2015 budget of some $105 billion and sent it to parliament for final approval, a government spokesman said.
Spokesman Rafid Jabouri said the budget of 123 trillion Iraqi dinars ($105.48 billion) comes with a deficit of 23 trillion dinars ($19.72 billion). Jabouri added that the budget calculations are based on an assumed oil price of $60 a barrel.
MOSCOW (AP) — With its economy spiraling toward recession following Western sanctions and a dramatic fall in the price of oil, Russia took another step Tuesday to shore up the value of the ruble, which has been one of the world's worst-performing currencies this year.
Russia's energy-dependent economy has suffered a severe economic shock over the past few months, largely because oil prices have tanked — the benchmark New York rate has fallen by around a half since June to stand at not much more than $55 a barrel.
LAS VEGAS (AP) — A Nevada congressman said he was offended when Interior Secretary Sally Jewell claimed some lawmakers in the West are playing politics over the protection of the sage grouse.
Republican Mark Amodei said the Obama administration is to blame for the conflict over the chicken-sized bird because Jewell and others should be doing more to keep it off the list of threatened or endangered species.
MINNEAPOLIS (AP) — A group of wolf experts disputed Monday that gray wolves in Minnesota, Wisconsin and Michigan are endangered or that a judge's ruling will help the region's population spread to other states.
A federal judge on Friday threw out the Obama administration's decision to remove wolves in the three states from the endangered list. The move banned sport hunting and trapping of wolves in the region, where the combined population is around 3,700.
JERUSALEM (AP) — Israel's antitrust authority said Tuesday it will challenge the ownership structure of the country's natural gas resources, a decision that could rattle an increasingly important industry.
A conglomerate of companies including Texas-based Noble Energy and Israel's Delek Group has been developing Israel's offshore natural gas deposits, selling gas to the Israeli market and agreeing to sell to neighboring countries as well.
Legal experts say some landowners in New York might challenge the state government for compensation after it ruled against allowing fracking, but they add that winning a court fight over the concept of “takings” could be tricky, the Pittsburgh Post-Gazette reports.
According to a proposal Ameren filed with the Missouri Public Service Commission Monday, the company will spend $135 million on energy efficiency moves between 2016 and 2018, including offering incentives for customers to buy new and more efficient light bulbs and appliances, The Associated Press reports.
White House science adviser John Holdren – in an interview Monday with NPR’s Living Lab on the Point program – described Barack Obama as a science geek, recalling a lengthy conversation with the President where he discussed fusion energy in depth and then tossed out a question about honeybees, The Hill reports.
NEWARK, N.J. (AP) — It's after 9 p.m. on a Sunday night in late November and New Jersey Gov. Chris Christie is deep into a conference call talking about nuclear weapons and Iran.
One voice is advocating a hard line, arguing against allowing Iran any capability to enrich uranium. Another summarizes the status of current negotiations and argues that forcing Iran to give up enrichment entirely isn't realistic.
MANAGUA, Nicaragua (AP) — Nicaraguan officials and a Chinese company broke ground Monday on a $50 billion transoceanic waterway predicted to rival the Panama Canal, but which has been a source of anger and protests from citizens in recent weeks.
President Daniel Ortega, with Wang Jing, president of the contracting firm HKND Group, said the canal will change the economy of Nicaragua, one of Latin America's poorest countries, as well as the rest of the hemisphere.
With the attempt to override President Obama’s veto of Keystone pipeline approval legislation likely to fail, supporters of the project are already thinking about what bill could pass with a Keystone amendment and win presidential approval, National Journal reports.
Did Secretary of State Hillary Clinton's ties to the oil industry affect the State Department's review of the Keystone pipeline? Environmental groups are concerned that her use of private email for official business might make it harder to find out, National Journal reports.
Democratic Gov. Tom Wolf has proposed replacing Pennsylvania’s impact fee – a flat charge on each well drilled – with a severance tax on the value and quantity of the gas extracted, the Pittsburgh Post-Gazette reports.
The Federal Energy Regulatory Commission has given the green light to the proposed expansion of Algonquin Gas Transmission’s natural gas pipeline system in New England, adding more than 37 miles of pipeline to boost capacity to Connecticut, Rhode Island and Massachusetts, Platts reports.
Local residents in Vancouver have been battling Kinder Morgan plans to expand the capacity of the Trans Mountain pipeline that brings oil sands crude from Alberta to a Pacific coast terminal, The Wall Street Journal reports.
Traditional automakers say they’re skeptical about the ability of tech giants like Apple and Google to successfully build and market cars, but they’re moving to deal with the competition anyway, as evidenced by Audi’s R8 electric sports car, The Wall Street Journal reports.
Performance shares and a bonus, deferred from 2011 contingent on achieving safety and environmental goals, boosted the take-home pay for BP CEO Bob Dudley by 25 percent last year to $12.7 million, even though his annual salary, bonus and benefits got cut, FuelFix reports.
Utilities’ refusal to buy solar power -– brought on as Prime Minister Shinzo Abe’s government takes a second look at the country's commitment to clean energy -- has raised doubts about the future of the country's once-booming solar industry, The New York Times reports.