"The decade-long effort to pass comprehensive climate legislation framed around a declining cap and trading for carbon dioxide emissions died an ignominious death. Now new proposals focused on a substantial ramp-up of investments in energy innovation are percolating — and instantly being attacked."
Interviews suggest that politics initially blinded the Obama administration on oil drilling.
"A set of proposed regulations to modernize safety in Pennsylvania's booming natural gas industry and force drillers to disclose the chemicals they use cleared a first procedural hurdle Tuesday."
Louisiana Sen. Mary Landrieu, who held President Obama's nomination for OMB director hostage over the deepwater drilling ban, has said she will now hold it hostage until she is satisfied with the pace at which drilling permits are granted.
"The Obama administration, under heavy pressure from the oil industry and others in the Gulf Coast, on Tuesday lifted the moratorium on deep water drilling that it imposed in the wake of the disastrous BP oil spill.
"Google is backing a plan to lay undersea cables to connect offshore windmills off the mid-Atlantic coast, a step the Internet giant hopes will boost wind power as an energy source."
"The soils in large areas of the Southern Hemisphere, including large parts of Australia, Africa and South America, have been drying up in the past decade, a new study finds."
"The Chevy Volt has been hailed as General Motors' electric savior. Now, as GM officially rolls out the Volt this week for public consumption, we're told the much-touted fuel economy was misstated and GM 'lied' about the car being all-electric."
"The China National Offshore Oil Corp. will pay Chesapeake Energy $2.2 billion for a one-third interest in a South Texas oil and natural gas shale project and will pay billions of dollars more for its share of development costs over the next several years."
"The Department of Energy plans to provide a loan guarantee to the world's largest wind farm, increasing the agency's total loan guarantees or conditional commitments to almost $16 billion."
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