WASHINGTON, Feb 3 (Reuters) – The U.S. environmental
regulator urged the State Department to weigh plunging oil
prices in its forthcoming recommendation on the Keystone XL oil
pipeline, saying such a drop could mean the project will lead to
higher greenhouse gas emissions.
With crude oil prices falling by about half since June, more
attention should be paid to the “potential implications of lower
oil prices on project impacts, especially greenhouse gas
emissions,” the Environmental Protection Agency said in a Feb. 2
letter to the department made public on Tuesday.
WASHINGTON (Reuters) – President Barack Obama’s fiscal 2016 budget proposes boosting funding for clean energy by 7 percent and a new $4 billion fund to encourage U.S. states to make faster and deeper cuts to emissions from power plants, officials said Monday.
Obama’s budget also calls for the permanent extension of the Production Tax Credit, used by the wind industry, and the Investment Tax Credit, used by the solar industry, the officials said.