If the past year tells us anything, it's that clean, renewable energy is no longer a hope for the future -- it’s a rapidly growing reality.
Energy & Environment
Whenever there is a tragedy, be it in a coal mine, on a drilling platform, or in your neighborhood, there is an understandable desire to learn the cause and penalize the perpetrator. In many cases, regulatory agencies must decide the appropriate penalty. Accidents like the Massey coal mine tragedy, the Enbridge Pipeline oil spill, the Arkansas oil pipeline failure, and gas pipeline explosions like those in Allentown, Sissonville, and San Bruno, all have resulted in significant fines and penalties.
The emergence of hydraulic fracturing to recover oil and natural gas generally is seen as an economic success story. It has vaulted the United States into the ranks of the world’s top oil and gas producers and led to a manufacturing renaissance whose effects few could have foreseen at the start of the 1990s.
On Capitol Hill, the clock is ticking on two more major economic showdowns: tax reform and the bipartisan budget conference committee. Either or both of those initiatives could, under the right conditions, wind up creating a fairer and more efficient tax code. They could also represent yet another cynical Washington attempt to squeeze revenue from politically unpopular sources under the guise of reform or – more perversely – fairness.
You might have to, if the Environmental Protection Agency gets its way in the U.S. Supreme Court on Tuesday.
The RESTORE Act is an opportunity to protect homes, the economy—and taxpayers.
Congress created the NFIP in 1968, but as a Government Accountability Office (GAO) report put it, “the program was, by design, not actuarially sound.” Premiums were meant to fund the program, but the government underpriced the insurance. The program now owes the taxpayers approximately $20 billion.
Over the last nine months, the Federal Energy Regulatory Commission has reviewed more than a dozen compliance plans implementing Order 1000, an unprecedented restructuring of the nation’s electricity grid that mandated changes in the way regions and utilities plan and pay for new transmission.
Knowing that it’s carve out is slated to be cut, the wind energy industry is lobbying feverishly for an extension, repeating the same tired arguments and unrealized promises about long-term job creation and energy affordability.
On November 18, the U.S. Environmental Protection Agency (EPA) issued a proposed rulemaking on ethanol that is having shattering repercussions throughout the energy world.