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The Week in Green Energy: One (More) Year

Certainty — albeit short-term certainty — that’s what the renewable energy industry got this week. By signing a controversial bill extending the Bush tax cuts, President Obama also extended key green energy federal subsidies, (the provisions were inserted in the tax bill), including […]

The EU Cap and Trade Program is an Expensive Bust… Or Is It?

A damning new report from a British think tank has found that the European Union Emissions Trading Scheme (ETS), the continent’s cap-and-trade plan, cost the average British family ?117  ($193.24 — at current exchange rates) in 2008. In all, the ETS cost British […]

Kerry-Boxer Still Shorts Cleantech and Green Energy

The Kerry-Boxer climate change bill is starting to look a lot like the Waxman-Markey bill that passed through the house this spring. Sen. Barbara Boxer introduced her chairman’s mark late Friday night with a list of the key changes from the house measure. […]

BP to Chamber: Were Staying

In a speech at the Oil & Money Conference in London, BP CEO Tony Hayward urged for a strong private/government partnership to implement a comprehensive cap-and-trade system.  That’s a polar opposite stance to the U.S. Chamber of Commerce’s own anti cap-and-trade position. On […]

Are Emissions Allowances in Cap-and-Trade Bills Really So Bad?

Today, the Senate Energy and Natural Resources Committee begins the real work on the Kerry-Boxer climate change bill: talking about how to allocate allowances for cap and trade. Actually, the bill calls it the “Pollution Reduction and Investment Program” but, you know, a rose by […]

Cap – And – Trade: A Primer [Video]

Cap-and-trade, we heard a lot about it this summer as the House debated  Waxman – Markey.  It is also what led to  a string of Fortune 500 companies walking out from the U.S. Chamber of Commerce earlier this month. And it will likely […]

Theres No Better Friend Than a Despised Enemy

Who’s going to be the next to leave the U.S. Chamber of Commerce over its opposition to climate change legislation? Will it be Toyota? How about McAndrews & Forbes Holdings (which, admittedly, we had never heard of but is billionaire Ron Perelman’s company)? […]

The New Dirty Word in Green Energy

There’s a new dirty word in green energy: rent seeking. Rent seeking, for those who missed the bank bailouts, is the act of manipulating the market or regulatory structure in order to earn profit. The criticism has been leveled at every major player […]

Tillerson on cap and trade: volatile prices, too much complexity

Exxon Mobil Corp. Chairman and CEO Rex W. Tillerson gave a detailed critique of cap-and-trade on Thursday saying that the price volatility of the system will “carry a heavy cost for both the economy and the environment.” Speaking at the Economic Club of […]

Climate Change Bill: An Olympian Feat?

President Obama is off to Copenhagen without any assurances that he’ll get what he wants. This isn’t a post from the future: Obama is heading to Denmark tonight to lobby the International Olympic Committee to give Chicago the 2016 Summer Games. But there […]