What the SCOTUS Stay Mean for the Clean Power Plan
Though legal challenges to full implementation of the Clean Power Plan (CPP) were expected, the Supreme Court ruling on Tuesday to stay progress on the CPP was a surprising and unexpected setback. The EPA regulation is president Obama’s signature action to curb U.S. greenhouse gas emissions from power plants. A coalition of 27 mostly Republican-led states and fossil energy interests,claiming …
View Post
Arctic Sea Ice at Record Low for January
An unusually warm January over the Arctic ocean combined with a strong negative phase of the Arctic Oscillation shrunk sea ice extent to its lowest point for any January in the satellite record going back to 1979. With air temperatures as much as 13 degrees Fahrenheit above average over much of the Arctic ocean, sea ice extent was 405,000 square miles …
View Post
Plummeting Prices, Slumping Profits and the Future of Big Oil
It may seem good for the consumer filling up at the pump, as average price for a gallon regular gas hovers just over $1.70, the first time prices were below $2/gallon since March of 2009. But what does it mean for the long haul when all the oil majors report precipitously declining profits in the face of plummeting oil prices? As Richard Matthews …
View Post