Senators John Kerry (D-Mass.), Joseph Lieberman (I-Conn.) and Lindsey Graham (R-SC) are pushing ahead to get their bi-partisan climate change and energy bill on the Senate floor for a full vote. Read More »
– By Mark Boslet, co-editor,
The United States risks losing the race to a clean-tech economy if it fails to get serious about global warming, Energy Department Secretary Steven Chu said Monday.
Taking five years or longer to pass energy legislation will limit the nation’s ability to be a leader in the green-energy technologies of tomorrow, Chu said during an address at Stanford University.
American prosperity is at stake, said Energy Secretary Steven Chu.
“I think we will lose (and) end up purchasing equipment from abroad,” he said. “The future prosperity of the United States is at risk.” Read More »
Exelon Corp. Chief Executive John Rowe on Saturday slammed an alternative to cap-and-trade now being considered by Congress and said the EPA’s plan to regulate carbon emissions is a nonstarter.
Rowe, who runs one of the country’s largest utilities, said the so-called cap and dividend plan would “not work” and would act as “a halfway house to a full cap-and-trade system.” Read More »
this morning from the American Petroleum Institute (API), the powerful lobby group representing the interest of the oil and gas industry in Washington.
It announces that Deryck Spooner, the head of the Nature Conservancy’s climate change outreach is jumping ship to the API to build the institute’s grass roots strategy. Read More »
Tomorrow British oil and gas company BP is releasing its . Expect company Chief Executive Officer Tony Hayward to reaffirm his company’s focus on its oil and gas business.
Last quarter BP posted a fourth-quarter profit of $4.3 billion after losing $3.34 billion in the prior-year period. For the year, BP earned $16.58 billion. Most of that revenue was generated by the company’s upstream and downstream oil and gas business. Read More »