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Feb 13, 2014

U.S. lays out vision for 2015 climate pact to U.N.

WASHINGTON (Reuters) – The United States on Wednesday submitted to the United Nations its vision for a new international climate agreement that is “built to last,” outlining what it thinks should be the main elements of a climate deal to be agreed upon in Paris in 2015.

The U.S. delegation was the first to share its ideas for what the 2015 climate deal could look like, and made clear that a future framework should not use the “bifurcated approach” of the 1997 Kyoto protocol, which placed different burdens on developed and developing countries to reduce pollution.

Feb 12, 2014
Feb 12, 2014
Feb 12, 2014
Feb 12, 2014

Investor group demands fossil fuel companies disclose carbon asset risk

WASHINGTON, Feb 12 (Reuters) – A group of investors with
combined assets of over $200 billion filed shareholder
resolutions on Wednesday with ten energy companies, including
Exxon Mobil and Southern Co, demanding they
disclose their strategies for competing in a lower-carbon
future.

Led by the New York State Comptroller’s office, which alone
handles $160 billion in assets, the investors focused on the
companies’ “carbon asset risk,” or the potential for their
carbon-intensive assets to lose value as market forces and
potential regulation threaten demand for fossil fuels and
related infrastructure.

Feb 12, 2014
Feb 11, 2014

Louisiana’s Landrieu set to take over Senate energy panel chair

WASHINGTON, Feb 11 (Reuters) – Poised to take the reins of
the Senate Energy and Natural Resources Committee, Senator Mary
Landrieu, a Louisiana Democrat and backer of the oil and gas
industry, said on Tuesday the United States is “on the brink of
something extraordinary” in energy development.

In a game of political musical chairs, Landrieu would take
over the energy panel from Oregon’s Ron Wyden, who will lead the
Senate Finance Committee after its chairman, Max Baucus of
Montana, was confirmed as the U.S. ambassador to China.

Feb 11, 2014
Feb 11, 2014
Feb 11, 2014