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.
BAGHDAD (AP) — Iraq's crude oil exports increased slightly in May despite constant militant attacks that have left a vital oil pipeline idle, the Oil Ministry said Sunday.
The oil exports averaged 2.582 million barrels a day last month, an increase from the 2.510 million barrels per day in April, ministry spokesman Assem Jihad said. Jihad said the sales grossed $8.068 billion, based on an average price of $100.08 per barrel. April's revenues stood at $7.582 billion.
He added that all the oil was exported through the country's facilities on the Persian Gulf as the pipeline which goes to Turkey's Mediterranean port of Ceyhan has been idle since March because of terrorist attacks. The pipeline, which pumps 300,000 to 400,000 barrels a day and traverses restive Sunni-dominated areas of northern Iraq, has been a favorite target for militants.
JEFFERSON CITY, Mo. (AP) — As President Barack Obama prepares to announce tougher new air quality standards, lawmakers in several states already are trying to blunt the impact on aging coal-fired power plants that feed electricity to millions of consumers.
The Obama administration on Monday will roll out a plan to cut earth-warming pollution from power plants by 30 percent by 2030, further diminishing coal's role in U.S. electricity production in the process. The Environmental Protection Agency refused to confirm the details of the proposal Sunday. People familiar with the proposal shared the details on condition of anonymity, since they had not been officially released.
WASHINGTON (AP) — President Barack Obama will urge European leaders this week to keep up pressure on Russia over its threatening moves in Ukraine, while seeking to assuage fears from Poland and other NATO allies that the West could slip back into a business-as-usual relationship with Moscow.
Obama's four day trip to Poland, Belgium and France comes against the backdrop of successful national elections in Ukraine and signs that Russia is moving most of its troops off its shared border with the former Soviet republic. Yet violence continues to rage in eastern Ukrainian cities and there remains deep uncertainty about whether Ukraine's new president-elect can stabilize his country.
U.S. officials contend that, even with some signs of progress, Russia has not taken the necessary steps to ease tensions and could still face additional economic sanctions. Obama will look for Western allies to show a united front during a meeting of the Group of Seven major industrial nations that was quickly arranged after leaders decided to boycott a meeting Russia had been scheduled to host this week.
WASHINGTON (AP) — The Obama administration on Monday will unveil a plan to cut earth-warming pollution from power plants by 30 percent by 2020, setting in motion one of the most significant actions to address global warming in U.S. history.
The rule, which is expected to be final next year, will set the first-ever national limits on carbon dioxide, the chief gas linked to global warming from the nation's power plants. They are the largest source of greenhouse gases in the U.S., accounting for about a third of the annual emissions, and make the U.S. the second largest contributor to global warming on the planet.
The regulation 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. The EPA refused to confirm the details of the proposal Sunday.
People familiar with the proposal shared the details on condition of anonymity, since they have not been officially released. The details were first reported Sunday by The Wall Street Journal.
President Barack Obama on Monday is expected to prompt a year-long fight over the U.S. role in addressing global climate change, with the release of the first-ever plan to limit carbon emissions from the nation's existing power fleet.
The proposal, to be formally unveiled by Environmental Protection Agency Administrator Gina McCarthy, is expected to call for an emissions cut of 30 percent by 2030, according to reports by The Associated Press and The Wall Street Journal on Sunday that the administration would not verify.
The Environmental Protection Agency can’t have one policy about dealing with pollution sources in one area, and a different policy elsewhere, according to a ruling from the U.S. Court of Appeals for the District of Columbia Circuit, E&E reports.
Other observers may disagree, but Sen. Mark Udall, D-Colo., said Friday he’s optimistic that a state-wide compromise can be reached over the location of drilling rigs, which would avoid having fracking become a local election issue in November, the Denver Business Journal 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.
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.
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.
$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.
Rail backlogs caused by the shale oil boom are causing trouble for farmers, who are having problems shipping their crops, and a bumper harvest this summer could end up rotting in the fields, several told The New York Times.
Researchers at the Massachusetts Institute of Technology – in a study published in the journal Nature Climate Change and funded in part by the Environmental Protection Agency and the Energy Department -- found that because of the health improvements they bring as the result of lower pollution levels, the benefits of policies to cut carbon could in some instances more than offset their costs, E&E reports.
The Environmental Protection Agency failed to provide supporting data required under the Clean Air Act when it proposed its rule limiting carbon emissions from existing power plants, according to a letter 13 states – led by West Virginia and its Attorney General Patrick Morrissey -- sent to the EPA Monday, The Hill reports.
News of strong consumer confidence numbers, an increase in durable goods orders and an expectation of a stockpile drop sent oil higher Tuesday. West Texas Intermediate crude rose 58 cents to $93.93 a barrel on the Nymex, while in London Brent crude gained 17 cents to $102.82, Bloomberg reports.