Economy & Business

"Coal Plant Closures Continue Even As U.S. Ends 'Clean Power Plan'"

"U.S. power firm Vistra Energy Corp said on Friday that it would shut two coal-fired plants for economic reasons, as closures in the industry continue apace despite the environment regulator saying this week he wanted to end the 'war on coal.'"

Source: Reuters, 10/16/2017

"E.P.A. Announces Repeal of Major Obama-Era Carbon Emissions Rule"

"The Trump administration announced on Monday that it would take formal steps to repeal President Barack Obama’s signature policy to curb greenhouse gas emissions from power plants, setting up a bitter fight over the future of America’s efforts to tackle global warming."

Source: NY Times, 10/10/2017

High Subsidies Ensure Profit for Nearly Half New U.S. Oil Investments

"Government subsidies to American energy companies are generous enough to ensure that almost half of new investments in untapped domestic oil projects would be profitable, creating incentives to keep pumping fossil fuels despite climate concerns, according to a new study."

Source: InsideClimate News, 10/04/2017

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