| Sourced From Edie |
Plans to set carbon caps for most sectors of US industry have been dropped due to lack of cross-party support.
| Sourced From News.firedoglake |
This is pretty good news. Its important to note that the death of climate legislation does not mean the death of carbon regulation. It just moves it into a new phase, where the EPA takes the lead. And the Administration will protect that privilege:
| Sourced From Prisonplanet |
Americans already laboring under the financial duress of massive unemployment and the threat of a double-dip recession will be hit with massive electricity bill hikes if President Obama succeeds in ramming through the first salvo of his
| Sourced From Seeking Alpha |
Over the last several months, I have indicated that utilities will be facing significant new challenges as they adjust to the new green initiatives from the new administration and Congress. About 56% of the electricity generated in the United States is from coal, a significant contributor to carbon emissions. Natural gas generates about 27% of the electricity, wind generates about 1% and solar generates about 0.1% of the electricity used in the United States. The efforts to reduce carbon emissions will have a significant impact on the economics of the utilities industry and their support industries.
LUXEMBOURG (AFP) The European Union on Friday imposed tougher pollution limits on airlines from 2012, angering the air industry and the United States, whose carriers will be included.
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