Luke Popovich News
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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.
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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.
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Former SAC Capital Advisors LP junior portfolio managers Noah Freeman and Donald Longueuil were charged with insider trading while working at the $12 billion hedge fund, the latest round of charges in a nationwide crackdown by federal prosecutors.
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The U.S. has an aging inventory of coal-fired power plants and many units might be closed before the end of the decade, Energy Secretary Steven Chu said.
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Exxon Mobil Corp. is part of a growing coalition backing a carbon tax as an alternative to costly regulation, giving newfound prominence to an idea once anathema in Washington.
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From NASCAR and YouTube to campaign donations and Washington lobbyists, coal supporters are embracing an all-of-the-above strategy to defend the industry against what they consider regulatory overreach in Washington.
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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.
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The Republican-majority House of Representatives voted to delay or repeal at least 40 environmental protection measures last year, leading one group to call it “the most anti-environment” Congress in history.
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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.
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Production forecasts for natural gas locked in shale have doubled, which will help the U.S. become less reliant on imported energy, according to a federal agency.
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