Japan is finding the alternatives to nuclear power pollute more or come with higher fuel costs, limiting Prime Minister Shinzo Abe’s scope to reshape the energy industry almost three years after the meltdown in Fukushima.
U.S. Vice President Joseph Biden called on China as a rising economic power to act responsibly and said its escalation of a territorial spat with Japan had caused significant apprehension throughout Asia.
China offered Japan talks on the safety of aircraft in overlapping air defense zones after U.S. Vice President Joseph Biden urged Asia’s top two economies to set up channels for resolving their disputes.
As the U.S. prepares to release an environmental review of the proposed Keystone XL pipeline, opponents are arguing that the project can’t meet a standard for carbon emissions that President Barack Obama set in June.
Keystone XL will be a “major driver” of oil sands expansion that significantly raises the risks of climate change, said Tom Steyer, a former hedge fund manager who has spent some of his fortune fighting the pipeline.
The U.K. opposition Labour Party vowed to break up energy companies, replace the regulator and overhaul charges in a program seeking to intensify government discomfort over inflation-busting gains in voters’ energy bills.
About $8 trillion of known coal reserves lie beneath the earth’s surface. The companies planning to mine and burn them are being targeted by a growing group of investors concerned with the greenhouse gases that will be made.