Carbon emissions from Australia’s biggest electricity grid saw the biggest two-month increase in a decade following Prime Minister Tony Abbott’s move to ditch the country’s carbon tax, The Sydney Morning Herald reports.
NEW DELHI (AP) — Australia's Prime Minister Tony Abbott met with his Indian counterpart Friday on a two-day state visit during which they are expected to sign a deal to allow the export of Australian uranium to India for use in power generation.
The agreement is expected to be signed Friday evening. Australia, which has almost a third of the world's known uranium reserves, imposes strict conditions on uranium exports and India's failure to sign the Nuclear Non-proliferation Treaty had long been a barrier to a trade deal.
Apache Corp. says its Phoenix South-1 well in the Canning Basin off Western Australia may have tapped into as much as 300 million barrels of crude, which would represent the largest oil discovery for the country in decades, The Wall Street Journal reports.
International efforts to control emissions ahead of the next round of climate talks have been hit hard by Australia repealing its pioneering carbon tax, which has left Europe isolated in its efforts, The Wall Street Journal reports.
Senate Majority Leader Harry Reid on Monday said he wants to bring up climate legislation after the mid-term elections this fall, though he made no firm pledge.
"I sure hope so," Reid, D-Nev. said when asked by a reporter during a conference call if a bill to put a price on carbon or otherwise address climate change was possible between the November elections and the end of the current Congress in early January.
The move by the Australian government under Prime Minister Tony Abbott to repeal a two-year-old carbon tax drew outrage from environmentalists and opposing politicians, saying the repeal makes Australia the only country to scale back progress on climate change, The New York Times reports.
SYDNEY (AP) — Australia's government repealed a much-maligned carbon tax on the nation's worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it.
The Senate voted 39 to 32 to axe the 24.15 Australian dollar ($22.60) tax per metric ton of carbon dioxide that was introduced by the center-left Labor government in July 2012. Conservative lawmakers burst into applause as the final tally was announced.
Billionaire climate activist Tom Steyer has publicly divested from fossil fuel firms, but his former hedge fund's past investments in foreign coal mines and power plants could overshadow his efforts to elect climate-minded lawmakers, The New York Times reports.
A failure to lift the ban on crude exports could have a chilling effect on the U.S. oil boom, Rice University economist Kenneth Medlock told a panel in Washington Wednesday, painting a “train wreck” scenario where falling domestic crude prices could encourage drillers to go elsewhere, FuelFix reports.
Meeting voters in Iowa, Vice President Joe Biden wouldn’t divulge it when asked his opinion on the Keystone XL pipeline -- although he said he had given it to President Obama -- commenting that he’s learned “not to step on the president’s lines,” The Guardian reports.
Taking a stance against measures to fight global warming will be "extremely harmful" to Republican candidates when voters cast ballots in the general election for president in November, 2016, activist Al Gore told National Journal in an interview Wednesday.
The same set of factors weighing on oil in recent weeks – ample supply, weak demand projections and a strong dollar – moderated by renewed Libya fighting that affected oil production, saw prices edge down Thursday. U.S. benchmark crude dropped 21 cents to $94.21 a barrel in electronic trading on the Nymex, while in London Brent slipped 7 cents to $98.90, Reuters reports.
Consol Energy and Noble Energy hope to raise more than $422 million on 20 million shares up for sale in an initial public offering for their firm Cone Midstream Partners, according to documents filed with the Securities and Exchange Commission Wednesday, the Houston Business Journal reports.
George P. Bush is unlikely to have much trouble winning his race to become Texas land commissioner, which gives him control over the state’s oil and gas contracts and has been a jumping off point for those seeking higher office in the past, E&E reports.
Massachusetts is selling $350 million in green bonds this week, more than three times what the state sold last year, as it tries to cash in on interest in environmentally friendly investments, The Wall Street Journal reports.
In a non-binding vote last week, shareholders of Cheniere Energy said no to the company’s 2013 plans for executive compensation, including a package for CEO Charif Souki worth $142 million, according to documents filed with regulators Wednesday, FuelFix reports.
A task force report recommending against fossil fuel divestment for the University of California right now was backed by a regents committee Wednesday and is expected to gain the support of the full board Thursday, the Los Angeles Times reports.