Tag archives for environment

Comments Off on As Half the U.S. Contemplates Hydraulic Fracturing, First Liquefied Natural Gas Export Plant Approved

The Federal Energy Regulatory Commission on Monday approved the first large-scale liquefied natural gas export terminal in the lower 48 states despite record falling gas prices. Shipping from the $10 billion Louisiana plant is projected to begin as early as 2015. The Cheniere plant is the third liquefied natural gas plant in the works in Louisiana. Others are planned elsewhere in the country. The plants…

Gasoline prices have edged off the pedal in recent days, but the Energy Information Administration this week released new data showing motorists will pay about a quarter more per gallon during peak travel season—April through September. Prices will top out at $4.01, on average, in May. The last time gasoline spiked to such levels was…

Comments Off on Obama Moves Ahead with Oil Sanctions as Gas Prices Climb

Before Congress headed home for spring recess, the Senate, with a rate vote of 100, approved President Obama’s new round of sanctions designed to deter Iran’s nuclear ambitions. The president’s decision was based on an analysis of current oil supply and the likely effect of further sanctions on prices. The Senate also shot down the president’s bid to reduce subsidies to oil producers. Oil…

Comments Off on EPA Makes Historic Announcement: First Greenhouse Gas Rule for New Power Plants

The U.S. Environmental Protection Agency (EPA) released long-awaited greenhouse gas rules for new power plants this week. Using the Clean Air Act, the agency standard would set the first national limits on the amount of carbon dioxide (CO2) emissions new power plants can emit. The EPA proposed the rule after delaying it several times since July 2011. Power plants are the largest…

After public pressure, Chicago will shut two aging coal-fired power plants, and the owner of one of the power plants, Midwest Generation, may shut its other four coal plants in Illinois. Since the start of 2010, more than 100 coal plants have been slated for early retirement. A major reason for coal plants shutting has been public opposition to…

Comments Off on Rising Oil, Gasoline Prices Put Politicians on the Offensive

In a major speech on energy at the University of Miami, President Obama said rising gasoline prices are a “painful reminder” of the need for alternatives. He was on the offensive, trying to counter criticisms of the GOP presidential candidates—including Newt Gingrich, who promised he’d get gasoline down to $2.50 a gallon. Countering calls to “drill, baby,…

Comments Off on Maldives President and Climate Advocate Forced at Gunpoint to Step Down

Maldives leader Mohamed Nasheed, called the “world’s most environmentally outspoken president” because of his calls for drastically cutting greenhouse gas emissions, was forced to resign—at gunpoint, he claimed. He had used stunts such as an underwater cabinet meeting to highlight his island nation’s vulnerability to sea-level rise. His resignation followed weeks of protests and was apparently motivated by internal politics unrelated to…

Comments Off on Oil, Gasoline Prices Hit All-Time Highs in 2011—and May Continue Rising

Average prices of oil and gasoline at the pump reached an all-time high in 2011, according to U.S. Energy Information Administration data. Brent crude oil, the global benchmark, averaged $111 a barrel—the first time it broke $100 for a whole year. In some ways, these records snuck up on Americans, since there was no extreme…

Comments Off on Fight Over Tar Sands Pipeline May Lead to Cancellation, “Huge” Consequences

In November, the Obama administration decided to delay a decision on whether to approve the Keystone XL pipeline to bring tar sands from Canada to the United States. But in December, Republicans attached a provision to a tax bill, which President Obama signed, that urges the administration to decide on the pipeline within 60 days,…

Comments Off on As Eurozone Crisis Deepens, Fight to Save Emissions Trading Scheme Begins

Prices in Europe’s carbon emissions trading scheme have collapsed this year, in part because there were too many allowances in the system starting off, threatening the future of the whole market. “Without intervention … Europe’s climate policy is over,” one analyst said. Some of Europe’s biggest energy and manufacturing firms also wrote a letter to…