Bloomberg BNA — As President Barack Obama prepares to give his Jan. 28 State of the Union address, advocates of greenhouse gas reductions are urging the president to turn up pressure on Congress to pass climate legislation while demonstrating his willingness to act alone in the face of congressional inaction.
New Jersey revenue may miss Governor Chris Christie’s targets by as much as $937 million over the next 13 months as collections from online gambling and energy taxes fall short, the legislature’s chief fiscal analyst said.
The 14 largest U.S. mortgage servicers must pay back homeowners for losses from foreclosures or loans that were mishandled in the wake of the housing collapse, according to consent decrees released yesterday.
Spain may approve new energy taxes today designed to raise 4.3 billion euros to help cover the higher costs of generating low-carbon electricity and to avoid raising power prices directly, Cinco Dias reported.
German utilities can’t rule out becoming embroiled in tax fraud in the power and natural gas industries similar to the scams that hit the region’s emission market four years ago, the head of lobby group BDEW said.
The German government is proposing to scale back a planned increase in energy taxes for industry by 550 million euros next year and by 580 million euros per year between 2012 and 2014, Finance Minister Wolfgang Schaeuble said in a letter to German coalition lawmakers released by his ministry today.