As the World Bank prepares to vote on to vote on a $3.75 billion loan to help South Africa build a 4,800-megawatt coal-fired power plant, the U.S. is under pressure to vote no.
"Oil prices hovered near 18-month highs above $86 a barrel Tuesday in Asia as traders mulled whether a recovering U.S. economy warranted further gains. ... Oil has jumped 24 percent since early February."
"Sixteen utilities and a trade association sued the Energy Department on Monday to halt the government’s collection of nuclear waste disposal fees, arguing that the country no longer had a disposal plan after ruling out Yucca Mountain, Nev., as a repository."
"MONTCOAL, W.Va. -- Twenty-five miners were killed Monday after a huge explosion at a Massey Energy mine in Raleigh County, the worst mine disaster in the United States in more than a quarter-century."
"A federal advisory panel urged the U.S. Interior Department on Friday to block a $1 billion wind project off Cape Cod opposed by local business leaders and politicians but seen as helpful to the Obama administration's energy strategy."
President Obama does not appear to have won many GOP votes for climate change legislation with his offshore drilling plan. In fact, he may have lost as many votes as he may have gained. And the chief beneficiary of the drilling plan -- the oil and gas industry -- is running ads against a climate bill.
"FLAGSTAFF, Ariz. -- The challenges facing a proposed coal-fired power plant on the country's largest Indian reservation are stark: the withdrawal of a key federal permit, no secured customer or transmission line, and uncertainty over the future of climate change.
The Navajo Nation acknowledges the challenges, but both the tribe and its partner in building the $3 billion, 1,500-megawatt Desert Rock Energy Project say they are committed to moving forward. Environmentalists who have fought the project contend it will be nearly impossible to do so."
"Oil consumption has fallen, demand from U.S. motorists for gasoline is flat at best and refiners that turn crude into fuel are operating well below capacity. Yet oil prices keep marching toward $90 a barrel, pushing gasoline toward $3 a gallon in many markets, and prompting American drivers to ask, 'What gives?'"
"CHEYENNE, Wyo. -- The federal government cleared the way for the expansion of one of the nation's biggest coal mines Thursday over the concerns of environmentalists who said the coal could contribute to climate change."
"Oil prices rose above $84 a barrel Thursday in Asia, extending a two-month rally amid surging regional stock markets ahead of the Good Friday holiday."
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