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November 13 News: House Speaker Won’t Rule Out Oil Tax Breaks As Part Of ‘Fiscal Cliff’ Agreement
First published on ClimateProgress.org, a project of the Center for American Progress Action Fund, which was recently named one of Time magazine’s Top 25 blogs of 2010.
The oil industry’s long record of success in defending its tax breaks faces new tests as lawmakers and the White House negotiate to avoid the “fiscal cliff.” [The Hill]
Renewable energy is set to rival coal as the main generator of the world’s electricity by 2035 as the costs of technology fall and subsidies rise, the International Energy Agency said. [Bloomberg]
Coal remains a critical component of the world’s energy supply despite its bad image. In China, demand for coal in 2010 resulted in a traffic jam 75 miles long caused by more than 10,000 trucks carrying supplies from Inner Mongolia. India is increasing coal imports. [New York Times]
The US can shed its longstanding dependence on Saudi Arabian oil within the next decade, redrawing the world’s political systems and potentially leading to runaway global warming. [Guardian]
Kior Inc., a producer of transportation fuels from wood waste and non-food crops, began production at its first commercial plant as other U.S. biofuel companies including Gevo Inc. and Amyris Inc. struggle to transfer their technologies from the lab to the factory. [Bloomberg]
Thousands of military homes in southern New Mexico and West Texas will be fitted with solar panels as part of a $1 billion plan by a California company to bring solar to military installations across the country. [Associated Press]
he re-election of President Barack Obama will likely mean a continuation of the U.S. government’s policy promoting electric and hybrid vehicles, Elon Musk, the chief executive of electric car maker Tesla Motors Inc, said on Monday. [Reuters]
The heads of major UK companies joined calls on Monday for the government to bring in a target to slash emissions from the power sector by 2030. [Guardian]
The European Union will freeze for a year its rule that all airlines must pay for their carbon emissions for flights into and out of EU airports, the EU executive said, following threats of international retaliation. [Reuters]
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2012-11-13 06:39:17
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