Congress is investigating a series of questionable “green” loans made by the Obama administration to a variety of dubious companies, more than a few of which later went bankrupt costing taxpayers billions of dollars. But despite repeated requests, Energy Secretary Steven Chu has so far failed to testify on the matter, forcing Rep. Darrell Issa (R-Calif.) to warn him of a potential subpoena if cooperation is not forthcoming.
The Chinese government announced on Monday that it would prohibit its airlines from paying a controversial “carbon tax” on flights to and from Europe imposed by the European Union, putting the continental regime in a tough bind as it seeks assistance from Beijing to tackle the region’s spiraling debt crisis. Unspecified retaliatory measures will be taken if the EU persists, according to Chinese officials, who say the taxes violate international treaties.
Congress has the constitutional authority to approve the Keystone XL pipeline project.
This June's United Nations Conference on Sustainable Development (UN CSD) in Rio de Janeiro will largely sidestep discussions of climate-change theories as leaders perceive the subject to be too controversial, according to summit insiders seeking ambitious and wide-ranging agreements on the world’s future. What is being touted as the biggest political gathering of the year will instead focus on framing UN “green” goals in terms of economic prosperity and environmental necessity.
Ener1 Inc., which owns an electric car battery-maker that reaped a $118-million grant from the Obama administration, filed for bankruptcy protection Thursday. The New York-based company claimed defaults on its bond debt were spurred by rising competition from China and other countries. Ener1 listed $73.9 million in assets and $90.5 million in debt as of December 31 in Chapter 11 papers filed in U.S. Bankruptcy Court.
The Obama administration really needs to get its act together. According to CNSNews.com, at least two of the claims President Barack Obama made during his recent State of the Union address have been directly contradicted by his own administration. One of them, in fact, was contradicted by his administration at the very moment he was uttering it!
As environmental groups hail President Obama’s rejection of the Keystone XL pipeline, billionaire and prominent Democratic donor Warren Buffett is set to reap a handsome reward from the decision. Buffett’s Burlington Northern Santa Fe LLC is a notable beneficiary — among other U.S. and Canadian railroads — of the move, as it is one of the railroads that will transport the Canadian oil if the pipeline isn’t approved.
House Republicans unleashed a barrage of criticism Wednesday during a House hearing on Chevrolet’s Volt electric car, after the head of the federal auto safety agency insisted that the vehicles are not dangerous. "The Chevrolet Volt is safe to drive and it has been safe to drive the whole time," David Strickland, head of the National Highway Traffic Safety Administration (NHTSA), told a congressional panel. "Not only would I drive it, I would [take] my wife, my mother and my baby sister along for the ride."
President Obama rejected a permit to expand the controversial Keystone pipeline Wednesday, blaming Republicans for ordering a hurried deadline that, he claimed, did not provide sufficient time for officials to review the plan. "The rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline's impact, especially the health and safety of the American people, as well as our environment," the President said in a statement.
The White House disputed that the pipeline provision that Republicans attached to the short-term payroll tax cut extensions last year — which forced the Obama administration to make a decision in two months — is what dismantled the project. "This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama charged in his written remarks. "I'm disappointed that Republicans in Congress forced this decision, but it does not change my administration's commitment to American-made energy that creates jobs and reduces our dependence on oil."
TransCanada’s Keystone XL, which would transport Canadian crude oil from Alberta, Canada, to southern parts of the United States, has been battling an ongoing review from the State Department, and despite receiving several other federal, state, and local approvals, the department retracted from signing off on the project last year after environmental groups and Nebraska lawmakers protested the measure.
Human rights activist Kerry Kennedy, ex-wife of New York Governor Andrew Cuomo and daughter of the late Robert F. Kennedy, stands to rake in millions from her seemingly selfless defense of the oil-drilled rain forest in Ecuador. An Ecuadorean appeals court recently upheld a ruling that Chevron Corporation, the U.S. oil giant, should pay $18 billion in damages (which the company is now appealing) to plaintiffs who accused the company of inflicting environmental damage on the Amazon jungle — in what Kennedy called "the biggest corporate environmental disaster on the face of the Earth."