MACKAY, Australia (AP) — The Australian mining boom built over a decade on Chinese hunger for energy and raw materials is turning into bust for many business owners as China's cooling growth reverberates through a country accustomed to winning from the rise of an Asian economic giant.
BEIJING (AP) — Voracious demand for wood to feed factories for exports and satisfy wealthier consumers at home has turned China into a magnet for the illegal timber trade, causing other countries to strip their forests as Beijing does little to discourage the practices, an environmental group said in a report released Thursday.
The Australian government pushed a new 30 percent tax on big mining companies through Parliament on Monday but faces an uphill battle to reduce the tax burden on struggling companies outside the booming commodities sector.
The Senate passed the legislation 38 votes to 32, allowing the government to take a bigger slice of profits from a mining boom driven by Chinese and Indian demand for raw materials.
Senate Environment and Public Works Committee Chair Sen. Jim Inhofe, R-Okla., along with five other GOP colleagues, says the White House proposal requiring agencies to consider climate change impacts on projects is illegal, The Hill reports.
Amid reports that Florida has barred officials from using the phrase “climate change” in documents -- an allegation that's been denied by Republican Gov. Rick Scott -- Sen. Bill Nelson, D-Fla., has offered legislation to ensure that federal employees are able to do so, The Hill reports.
Platt's reports that Wisconsin's Public Service Commission has endorsed a high-voltage transmission line that critics said protects the utility industry while discouraging distributed power generation.
Under a deal hammered out between Gov. Bruce Rauner, R-Ill., and state House Speaker Michael Madigan, $98 million out of almost $130 million collected from utility customers to fund renewable energy projects will instead be used to reduce the state’s budget deficit, Crain’s Chicago Business reports.
Efforts by the U.S. and European countries to cut subsidies for building new coal-fired plants in developing countries are being opposed by the government of Australian Prime Minister Tony Abbott, The Sydney Morning Herald reports.
President Obama will request the resignation of Rafael Moure-Eraso, head of the U.S. Chemical Safety Board -- three months before his term is set to finish -- after lawmakers from both parties urged the White House to take the step, an aide to the House Science Committee told National Journal.
A revived Department of Energy program to provide loans to promote fuel efficient vehicles will give Alcoa $259 million to expand a Tennessee sheet metal factory that supplies the auto industry, The Wall Street Journal reports.