A top State Department official tells Reuters that the United States is still talking to other countries and has not decided whether to retaliate against a European Union mandate that international airlines pay for their greenhouse gas emissions when using Europe's airports.
Countries meeting in Moscow to discuss their opposition to the European Union's new requirement that international airlines pay for their greenhouse emissions when using European airports put together a basked of retaliatory measures, Reuters reports. The State Department said it would be premature to discuss specific measures.
New analysis by the Center for American Progress and Climate Advisers finds that contrary to some expectations, airline profits will increase in the near term under the European Union's controversial requirement that airlines pay for their greenhouse emissions when using European airports.
Former Vice President Al Gore says oil and gas company investors make a false assumption on company value if they don't factor in the cost of emitting greenhouse gases, just like the investors in subprime mortgages made false assumptions, Bloomberg reports.
Environmental advocates say New Jersey will forfeit hundreds of millions of dollars in future revenue under Gov. Chris Christie's plan to pull out of the regional cap and trade program for greenhouse gas emissions, an issue that comes before the state Assembly on Thursday.
Republican presidential candidate Rick Santorum released four years of federal income tax returns on Wednesday night, showing a sharp rise in his personal wealth spurred by his growing work as Washington-based corporate consultant and media commentator.
Santorum's returns show that his federal income taxes rose from 2007, when he paid $167,000, to $310,000 in 2009, then dropped to $263,000 in 2010. During that same period, his annual income surged from nearly $660,000 in 2007 to $1.1 million in 2009 before slipping to $923,000 in 2010.
Santorum, 53, has sold himself in the Republican primaries as both a Washington outsider and a social conservative, stressing his family's coal-mining background and his appeal to religious and working-class voters. His personal finances tell a different story, detailing the trajectory of a politician who grew more prosperous in the Senate and became a millionaire afterwards, at times capitalizing on his Beltway connections.
The American Sustainable Business Council and several other national business groups are urging the White House to allow the Environmental Protection Agency to get on with its rules to curtail greenhouse gas emissions from power plants, citing the need for certainty in the business community and the clean energy markets, WFPL News reports.
The European Union's top climate official says the 26 countries opposing a mandate that all airlines using European airports must pay for their greenhouse emissions should take their complaints to the United Nations aviation group and see what comes of it, Reuters reports.
Alaska Gov. Sean Parnell told the Interior Department his administration is willing to invest up to $50 million in an assessment of oil reserves of the Arctic National Wildlife Refuge, Bloomberg reports.