President Barack Obama, whose inaugural address made climate change a second-term priority, could bypass Congress and implement much of his environmental agenda unilaterally through regulations and executive action.
The World Bank plans to restrict its financing of coal-fired power plants to “rare circumstances,” according to a draft strategy that reflects the lender’s increased focus on mitigating the effects of climate change.
Environmental groups are stepping up pressure on President Barack Obama to issue the first greenhouse-gas limits for power plants as the utility industry seeks to weaken the standards before a deadline next month.
Senate Democrats’ decision to scale back energy legislation disappointed environmentalists, some utilities and the Obama administration, which took office promising to steer the U.S. economy away from fossil fuels.
The Senate committee with primary jurisdiction for U.S. energy policy added Joe Manchin , the former West Virginia governor who won office after using climate-change legislation for target practice in a 2010 ad.