Economy & Business

"Need for Keystone XL Erodes As US Oil Floods Gulf Coast Refining Hub"

"The ongoing U.S. oil boom has flooded the Gulf Coast with domestic crude to levels not seen in decades, creating a homegrown oil glut in the nation's refining center just as the Obama administration prepares to rule on a pipeline that would add a torrent of heavy Canadian crude to the same region."

Source: InsideClimate News, 11/08/2013

"Nuclear Giant Taps Wind Tax Credit That It's Trying To Kill"

"The country's largest nuclear plant operator, Exelon Corp., has publicly fought to torpedo the wind industry's coveted production tax credits, calling them financial threats to its reactors in the Midwest. But the Chicago-based utility is also cashing in on those credits, known as PTCs."

"Exelon's third-quarter earnings results released last week show the company benefiting from the tax incentives that provide wind developers with $23 for every megawatt-hour of electricity they produce. Details about which of Exelon's 44 wind projects generate the PTCs are private."

Source: Greenwire, 11/07/2013

"GMO Labeling a Hot Ballot Fight in Washington State"

"OLYMPIA, Washington -- With one day before the election in Washington State, grassroots organization Food Democracy Now! is urging its 650,000 members and citizens everywhere to make calls urging voters to support Yes on 522, a ballot initiative that would require labeling of foods containing genetically modified organisms."

Source: ENS, 11/05/2013


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