President Barack Obama could cut greenhouse-gas emissions from U.S. power plants 26 percent by 2020, the Natural Resources Defense Council said in a plan that puts pressure on the administration to issue new rules.
William Reilly , co-chairman of President Barack Obama ’s commission investigating the BP Plc oil spill, said the oil industry could benefit from a self-policing agency similar to one that monitors the safety of nuclear power plants.
The U.S. oil industry is giving serious consideration to creating a safety group to prevent catastrophes similar to BP Plc ’s oil spill, said William Reilly , co-chairman of a U.S. panel that studied the disaster.
For much of 2006 and into 2007, Environmental Defense Fund had been battling to stop TXU Corp., Texas’s largest power producer, from building 11 coal-fired plants. The barrage of lawsuits, town-hall meetings and online community groups was also becoming a major headache for KKR & Co. , TPG Capital and Goldman Sachs Group Inc.’s private-equity arm, which were planning the world’s biggest leveraged buyout of the utility company.
President Barack Obama should press Cuba to accept tougher offshore-drilling standards as the Cuban government prepares to seek oil 50 miles from Florida, the co- head of a panel on the BP Plc spill said.
BP Plc ’s gain in trading early today was premature because the operator made most of the mistakes that doomed its Macondo well in the Gulf of Mexico, said William Reilly , co-chairman of a U.S. panel investigating the disaster.
President Barack Obama ’s moratorium on deep-water drilling is no longer needed because new rules reduce the risk of an uncontrolled spill, according to a report for a panel investigating BP Plc ’s blowout.