Current:Home > MarketsToday’s Climate: June 18, 2010 -ProfitSphere Academy
Today’s Climate: June 18, 2010
View
Date:2025-04-16 14:18:48
BP Chief Says He Wasn’t in Loop, Enraging Congress (AP)
Lawmakers pilloried BP’s boss in a withering day of judgment Thursday for the oil company at the center of the Gulf calamity. Unflinching, BP CEO Tony Hayward said he was out of the loop on decisions and asserted, "I’m not stonewalling."
MMS Blasted for Lax Offshore Drilling Scrutiny (McClatchy Newspapers)
The Minerals Management Service, the beleaguered regulator caught in the crosshairs over its faulty scrutiny of BP’s oil well, has been lax in its inspections of deep-sea drilling, an independent watchdog said Thursday.
Evangelical Leaders Say Spill Raises Moral Issues (AP)
Leaders of a group that encourages evangelical Christians to care for the environment say the oil spill in the Gulf of Mexico raises moral challenges for the country.
U.S. DOE Official: Oil Spill Shows Need For Clean Energy (Dow Jones)
The Gulf spill provided a very clear message "that we need to move ahead with the transition to a clean energy future," said John Elkind, principle deputy assistant secretary for policy and international affairs at the DOE, echoing comments made by Pres. Obama.
Republican Party Rejects Liability Cap Bill Again (Politico)
Democrats attempted Thursday to create unlimited liability for oil companies, and for the fourth time since the Gulf crisis began, Republicans objected.
Expedited Mine Permitting Suspended in Appalachia (AP)
The U.S. Army Corps of Engineers suspended an expedited process for obtaining surface mining permits across much of the nation’s eastern coalfields Thursday.
White House Seeks to Bolster Role in Senate Climate Talks (New York Times)
The White House is trying to assert its influence over the Senate climate debate after Pres. Obama’s nationwide energy address left some questioning how aggressively the president will push for comprehensive climate and energy legislation.
US Senate Leader Noncommittal on Carbon Price Bill (Reuters)
U.S. Senate Majority Leader Harry Reid on Thursday emerged from a meeting with fellow Democrats refusing to embrace energy and environment legislation that would put a price on CO2 pollution as a way of reducing greenhouse gases.
US Decision on Ethanol Blend Put Off Until Fall (AP)
The EPA says it will wait until this fall to decide whether U.S. car engines can handle higher concentrations of ethanol in gasoline. The agency had been expected to decide by this month whether to increase the blend from 10 to 15 percent.
Oceans Choking on CO2, Face Deadly Changes: Study (Reuters)
The world’s oceans are virtually choking on rising greenhouse gases, destroying marine ecosystems and breaking down the food chain — irreversible changes that have not occurred for several million years, a new study says.
Security Tops the Environment in China’s Energy Plan (New York Times)
The discussions in China around coming energy legislation have been focused almost entirely on national security issues, people inside and outside the government said, while global warming remains a secondary concern.
Solyndra IPO Canceled (Greentech Media)
Solar firm Solyndra has decided not to proceed with an IPO of shares of its common stock at this time "due to adverse market conditions" and the availability of alternative funding from existing investors.
Sweden Gives Green Light to New Nuclear Reactors (Reuters)
Sweden’s parliament voided a 30-year-old ban on building new nuclear reactors on Thursday after a debate pitting the country’s need for low-carbon energy sources against environmental concerns over atomic energy.
Nuclear Agency Weighs a Plan to Dilute Waste (New York Times)
A competition between nuclear waste dumps has pulled the Nuclear Regulatory Commission into an unusual reconsideration of its rules to allow moderately radioactive materials to be diluted into a milder category that is easier to bury.
LG Elec to Invest $825 Mln in Solar Cells by 2015 (Reuters)
South Korea’s LG Electronics said on Friday it would invest $824.5 million by 2015 in its solar cell business, as it seeks new growth drivers.
veryGood! (27)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Worst. Tariffs. Ever. (update)
- Most reports ordered by California’s Legislature this year are shown as missing
- Shanghai bear cub Junjun becomes breakout star
- 'Malcolm in the Middle’ to return with new episodes featuring Frankie Muniz
- Stop & Shop is using grocery store kiosks to make digital
- China says Philippines has 'provoked trouble' in South China Sea with US backing
- Trump will be honored as Time’s Person of the Year and ring the New York Stock Exchange bell
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- US inflation likely edged up last month, though not enough to deter another Fed rate cut
Ranking
- See you latte: Starbucks plans to cut 30% of its menu
- 'Maria' review: Angelina Jolie sings but Maria Callas biopic doesn't soar
- Syrian rebel leader says he will dissolve toppled regime forces, close prisons
- Supreme Court allows investors’ class action to proceed against microchip company Nvidia
- The Grammy nominee you need to hear: Esperanza Spalding
- Wisconsin kayaker who faked his death and fled to Eastern Europe is in custody, online records show
- Our 12 favorites moments of 2024
- Alex Jones keeps Infowars for now after judge rejects The Onion’s winning auction bid
Recommendation
Man can't find second winning lottery ticket, sues over $394 million jackpot, lawsuit says
One Tech Tip: How to protect your communications through encryption
Taylor Swift makes history as most decorated artist at Billboard Music Awards
North Dakota regulators consider underground carbon dioxide storage permits for Midwest pipeline
From family road trips to travel woes: Americans are navigating skyrocketing holiday costs
Drew Barrymore Addresses Criticism Over Her Touchiness With Talk Show Guests
Woody Allen and Soon
Atmospheric river and potential bomb cyclone bring chaotic winter weather to East Coast