Six major energy companies – including Houston-based Southwestern Energy Co. and Norwegian giant Statoil – have agreed to monitor and disclose their methane emissions under a new United Nations framework, The Wall Street Journal reports ahead of the official announcement Tuesday.
In an interview with Diane Rehm on NPR affiliate WAMU, Google CEO Eric Schmidt said the tech giant would leave the American Legislative Exchange Council because of the group’s position on climate change and environmental issues, National Journal reports.
In previews of arguments President Barack Obama is to deliver Tuesday at the United Nations climate summit, administration officials claimed his climate plan has been a success and should serve as a model for other countries in reducing their carbon emissions.
White House Press Secretary Josh Earnest said Obama will lay out "the tremendous progress" achieved under his Climate Action Plan, and call for a "strong" international deal to curb carbon emissions.
DETROIT (AP) — Detroit's water department defended its shutoff policy Monday and warned that free service to people with unpaid bills could be "very devastating" to the bottom line.
Judge Steven Rhodes set aside Detroit's bankruptcy trial to hear evidence in a controversy that has been boiling all summer. A coalition representing low-income residents is asking him to suspend water shutoffs and restore service to people who have lost it.
The water department would be violating Michigan law and breaking agreements with bondholders if forced to supply water and ignore overdue bills, attorney Sonal Mithani said.
NEW YORK (AP) — A day after 100,000 people marched to warn that climate change is destroying the Earth, more than a thousand activists gathered Monday in lower Manhattan's financial district, chanting, carrying signs and — in some places — sitting down in the street to protest what they said was corporate and economic institutions' role in the climate crisis.
There were reports of some isolated arrests of protesters, who police said did not obtain a permit for the rally. But by and large, the police, office workers and tourists watched alike as the activists chanted: "We can't take this climate heat; we've got to shut down Wall Street," and bounced two large, inflatable balloons meant to represent carbon dioxide bubbles. Police later punctured the balloons.
VIENNA (AP) — The head of the U.N. atomic agency is urging Iran to provide answers over suspicions that Tehran worked on nuclear arms.
Speaking at Monday's general conference of his International Atomic Energy Agency, Yukiya Amano said Iran had implemented some measures in an agreement meant to give the agency a deeper knowledge of Iran's nuclear program.
Environmental campaigners are expressing fears about how possible Republican control of the Senate following the November elections could chip away at important regulations in the sector, The Hill reports.
Despite the growth of the fossil fuel divestment movement – tracked in a report from the Divest-Invest coalition – the totals involved still pale in comparison to the overall money invested in the fossil fuel industry, which is valued in the trillions, according to National Journal.
Short-covering and the expiration of the front month contract helped power oil prices to a huge gain Friday. West Texas Intermediate crude for January delivery shot up 5 percent, or $2.41, to settle at $56.52 a barrel on the Nymex, while in London February Brent finished $2.11 higher at $61.38, Reuters reports.
Oilfield services company Baker Hughes reported Friday that 1,875 rigs were drilling for oil and gas in the U.S. this week, a drop of 18 and the second week in a row that the number has fallen, FuelFix reports.
Comparing present-day statistics with numbers during the oil bust in the mid-1980s has led JP Morgan Chase economist Michael Feroli to warn that Texas could slip into a regional recession next year, FuelFix reports.
Job losses in the power generation sector over the past three years topped 5,800, according to data released by the Energy Information Administration Friday, which said all parts of the industry were affected other than renewable energy, The Hill reports.
Avenue Capital, the hedge fund run by Marc Lasry that specializes in buying distressed companies’ debt, is raising $750 million for a fund that will focus on the energy sector, according to the Pennsylvania Public School Employees’ Retirement Board, which confirms it has put in $200 million, the New York Post reports.
Tesla is testing the market for battery swaps: Near California supercharging stations where Model S owners can top up their batteries for free, the company is creating a facility where drivers can pay a cost equivalent to a tank of gasoline and get a fully-charged battery installed in three minutes, The Wall Street Journal reports.
The growth of global carbon emissions slowed in 2013 -– although the total of 35.3 billion tons did set a record -- and the rate of increase tailed off despite an uptick in economic activity, says a report from the European Commission’s Emissions Database for Global Atmospheric Research, or EDGAR, according to E&E.
INEOS hopes to get commercial shale gas production under way in Britain before the end of the decade, according to documents the government released Friday, which detailed the company’s presentation to the Department of Energy and Climate Change in February, Platts reports.