Jim Rogers is sitting in his sleek, modern office on the 48th floor of the Duke Energy Center in Charlotte, North Carolina, explaining how, after a merger capped off by an 11th-hour management coup, he remains chief executive officer of the largest electric utility in the U.S. He wonders aloud whether to enliven the account with a metaphor about soured romance.
Capturing carbon dioxide from coal plants won’t be cost-effective for at least two decades, raising concerns that governments may fail to reduce emissions from coal plants as much as proposed, according to Cambridge Energy Research Associates data.
President Barack Obama vowed to make legislation on climate change one of his top goals. Now, with a compromise bill in danger of falling apart, business leaders and environmentalists are pressing him to deliver.
The Obama administration plans to solicit ideas from states on how to cut greenhouse-gas emissions as it seeks to impose standards for carbon dioxide on new and existing electric-power plants, according to people briefed on the plans.
A coalition of 67 grassroots groups criticized the Environmental Defense Fund for its ties to natural gas drillers in setting voluntary standards for hydraulic fracturing, a process opposed by many green advocates.