Santa Barbara Drilling Compromise Faces Skepticism

Politicians and activists on both the left and the right often speak of striking “a balance” between environmental and business concerns. Yet when just such a balance is proposed, many run for the exits. Nowhere is this more apparent than with the issue of offshore drilling, first after President Obama’s controversial decision last month to … Continued

Why Doesn’t Goldman Sachs Bailout Greece?

After Standard & Poor’s downgraded Greek government debt to “junk” status today, stock markets swooned worldwide on fears that Greece’s problems could infect the rest of the European economy and, in the worst case scenario, drag the world economy back into recession. Meanwhile, on the other side of the Atlantic, executives from investment banking behemoth … Continued

Buying American Wind

Growing up in Essex, Maryland — a very blue collar section of Baltimore County — the phrase “Buy American” was more than just a rallying cry for those who championed domestic manufacturing. It was simply how things were done. Even when the oil crisis of the 1970s hit, you would’ve been hard-pressed to find a single … Continued

Greens Pound Democrats For Climate Bill Collapse

In a rare political turn-about, leading environmentalists are blaming an unusual suspect in the collapse of a landmark climate bill over the weekend: the Democrats. Leading green opinionators Joe Romm of Climate Progress and Thomas Friedman of the New York Times are pointing the finger of accusation at Democratic Senator Harry Reid and the White … Continued

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Collapse of Climate Bill Blow to Green Sector’s Hopes

The much-anticipated announcement of a bipartisan climate bill today has been indefinitely postponed after its lone Republican sponsor abandoned the effort over the weekend. Senator Lindsey Graham of South Carolina, who had been working with Democratic Senator John Kerry and Independent Senator Joe Lieberman on the bill, walked away from negotiations after reports that the … Continued

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Pricing Emissions: Political Will Needed

Paul Krugman, the 2008 Nobel Prize-winning economist and New York Times op-ed columnist, offers this riposte to those that say addressing climate change is too costly, too traumatic and too radical: We can afford to tackle climate change. And we must do it. Writing about Green Economics in the April 11 New York Times Magazine, … Continued

Greenpeace Attacks Kerry’s Climate Bill Preview

Greenpeace executive director Phil Radford said the much-anticipated Kerry-Graham-Lieberman energy bill, due out Monday, has been hijacked by “polluter lobbyists,” after co-sponsor Democratic Senator John Kerry gave some details of the bill to a business group known as We Can Lead. In a conference call with We Can Lead, a coalition of companies pressing for climate … Continued

Conflict of Interest Uncovered in AB32 Study as Climate Law Battle Continues

As the battle over whether to suspend California’s landmark climate law, known as AB32, continues, new accusations of conflict of interest and underhanded financial reporting have emerged. In the latest turn, the lead economist on a report finding that the bill would do little harm to job creation has been linked to a political campaign trying to … Continued

The Case for a Carbon Tax

Bill Gross, the founder and CEO of eSolar, made the case for a carbon tax during an interview with Business Insider. Gross said there should be a tax on fossil fuels “only when it went down too low, to stabilize the price.” The tax could be refunded “in some form, whether it were payroll taxes … Continued

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Pentagon Puts a Hold on Nation’s Largest Wind Farm

Concern that wind turbines could interfere with radar signals has prompted the Pentagon to halt development of a 909 megawatt wind farm in Oregon. Caithness Energy‘s Shepherds Flat wind farm in the Columbia River gorge would be the nation’s largest if completed. The Pentagon moved to deny the wind farm a crucial Federal Aviation Administration permit last … Continued

Can Cap and Dividend Save Cap and Trade?

There is no doubt that “cap-and-trade” has joined “liberal” on the list of terms conservatives have effectively tar-and-feathered. It’s also clear that a market-based system is the best way to reduce greenhouse gas emissions. The term needs political rehabilitation, for the planet’s sake. But how? A recent study by NYU Law School’s Institute for Policy … Continued

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US to Latin America: We Can’t Get Off Fossil Fuel, But We Will Advise You How You Can

Over the weekend, Secretary of State Hilary Clinton and Secretary of Energy Steven Chu announced growing cooperation between the United States government and that of other Latin American nations to find common ground on climate change and renewable energy policies.  The Energy and Climate Partnership of the Americas (ECPA) aims to address clean energy, energy … Continued

Tax Day No Big Deal For ExxonMobil, GE

Anyone who has read a little Shakespeare knows that it was the Ides of March when Julius Caesar had that one bad day. But for most of us Americans, it’s the Ides of April, the 15th that is, that brings us pain. That is, of course, when our income taxes are due, and when all … Continued

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Study: Calif. Climate Law, AB32, Will Improve Public Health

The merits and/or pitfalls of deploying and/or repealing California’s landmark climate law, AB32, have been argued, it seems, eight ways to Sunday. But while most of the recent arguments and research focus on how the law will impact our economy and employment numbers, the public health and environmental justice implications have been largely overlooked. But … Continued

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U.S. Chamber of Commerce Continues to Trivialize Renewables

Karen Harbert, the president and CEO of the Institute for 21st Century Energy (which is an affiliate of the U.S. Chamber of Commerce), met with the House Ways and Means committee this week, where she cited the Chamber’s support of the 8-year renewable energy tax credit extension, noting a phase out over four years. I … Continued