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.
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.
The Sierra Club and the Natural Resources Defense Council said the U.S. Interior Department should charge companies that mine coal more after an audit found the federal government may be missing out on millions of dollars in payments.
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.
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.
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.