Valerie's Feed
Sep 25, 2015

China to announce 2017 launch of carbon market, U.S. officials say

WASHINGTON, Sept 24 (Reuters) – China will announce Friday
that it will launch a national carbon emissions trading market
in 2017 as part of a joint climate change statement with the
United States meant to boost prospects for a global climate
pact, U.S. officials said.

The statement will be one of the few policy announcements
the two countries are expected to make during Chinese President
Xi Jinping’s meetings with U.S. President Barack Obama Friday.
The leaders will meet amid tensions over alleged Chinese cyber
spying, Beijing’s economic policies and China’s regional
territorial disputes.

Sep 24, 2015

U.S. climate finance in limbo, risking ‘trust gap’ before Paris

NEW YORK, Sept 24 (Reuters) – A looming federal budget
confrontation and Republican hostility to UN global-warming
talks threaten a U.S. down payment into a key climate-aid fund,
money considered vital to a climate deal in Paris this December.

President Barack Obama had requested $500 million in the
2016 budget for the first tranche of its $3 billion pledge into
a UN-administered Green Climate Fund (GCF) that would help
poorer countries make a transition to clean energy technologies
and adapt to climate change.

Sep 22, 2015

Senate Democrats unveil climate-focused energy bill

WASHINGTON (Reuters) – Senate Democrats on Tuesday unveiled energy legislation focused on cleaner energy production, manufacturing and vehicles that they say would slash U.S. greenhouse gas emissions by at least 34 percent by 2025, surpassing the goal pledged by the Obama administration for U.N. climate talks.

The bill, announced by Senate Democratic party leaders and the energy committee’s chair, Senator Maria Cantwell, lays out the party’s vision for the future on energy and contrasts with a Republican approach focused on increased oil and gas production.

Sep 21, 2015

Volkswagen shares plunge on emissions scandal, U.S. widens probe

BERLIN/WASHINGTON, Sept 21 (Reuters) – Volkswagen
shares plunged more than 20 percent on Monday, their
biggest one-day fall, after the German carmaker admitted it had
rigged emissions tests in the United States, and U.S.
authorities said they would widen their probe to other

Germany, alarmed at the potential damage the scandal could
inflict on its world-beating car industry, urged Volkswagen to
fully clear up the matter and said it would investigate whether
emissions data had also been falsified in Europe.

Sep 15, 2015

Chinese cities pledge early carbon emissions peak under deal with U.S.

NEW YORK, Sept 15 (Reuters) – Leaders of 10 Chinese cities
and one major province are to announce that their carbon
emissions will start to fall earlier than China’s national
target of 2030 at a U.S.-China meeting on Tuesday, a move meant
to build momentum for a global climate change accord in

Those announcements, as well emission-reduction commitments
from more than a dozen U.S. states and cities, will form part of
a joint declaration that municipal and regional leaders from the
world’s two biggest greenhouse gas emitting countries will sign
during a U.S.-China meeting on low-carbon cities in Los Angeles
on Tuesday and Wednesday.

Sep 4, 2015

ConocoPhillips signals conditional support for U.N. climate deal

WASHINGTON (Reuters) – Oil and gas producer ConocoPhillips on Friday said it would support a UN climate change agreement if it met its own policy principles, including creating a “level playing among energy sources and between countries.”

The comments by the Houston-based company were a clarification of its position on the proposed UN agreement after it earlier in the week answered ‘yes’ to a question in a climate change survey that asked whether it backed a 2015 UN accord.

Sep 2, 2015

Presidential hopeful Rubio wants end to oil export ban, carbon rules

WASHINGTON (Reuters) РRepublican presidential candidate Marco Rubio would lift the ban on exporting crude oil soon after taking office if he is elected, the Florida senator said Wednesday in a speech previewing his energy strategy.

“This ban is a perfect example of just how outdated Washington has become. Lifting the crude-oil export ban will be an immediate boon to our economy,” Rubio told the Oklahoma Independent Petroleum Association in Oklahoma City.

Sep 1, 2015

Industry in final ad blitz against new U.S. smog rule

WASHINGTON (Reuters) – A multimedia, multi-state advertising blitz from industry groups opposing new national ozone standards reached Pennsylvania on Tuesday, part of their last-ditch attempt to scuttle the Obama administration’s plans to issue new rules governing ground-level smog by Oct. 1.

“Now Washington is trying to force through new rules that will stifle our economy and kill millions of jobs,” the ad says.

Aug 28, 2015

Appalachian coal country wants Republican nod for federal aid

WASHINGTON, Aug 28 (Reuters) – A small but growing number of
Appalachian coal communities are urging Republicans in Congress
to support a proposed $1 billion federal aid program from the
Obama administration to save local economies ravaged by the
decline of the coal industry.

Nearly a dozen Appalachian coal mining communities have
passed resolutions over the past few weeks supporting President
Barack Obama’s Power + program, which was outlined in his
2016 budget. It will be considered in the fall when Congress
returns from recess.

Aug 27, 2015

U.S. oil export advocates use Iran deal to buttress argument

WASHINGTON, Aug 27 (Reuters) – U.S. oil industry lobbyists
and Congressional supporters of lifting the U.S. ban on oil
exports hope they can gain more support as lawmakers debate
whether to approve the Obama administration’s nuclear deal with
Iran, which would result in more Iranian oil on world markets.

Supporters of lifting the 40-year-old ban argue that U.S.
oil producers should be able to export if Iranian producers are
allowed to under an international agreement easing sanctions on
Iran in exchange for limits on its nuclear development program.