"Two utility companies announced the closure of 10 aging U.S. power plants Wednesday, a move environmental groups hailed as a major victory even as critics warned it could raise the price of electricity."
Juliet Eilperin reports for the Washington Post February 29, 2012.
"NASHUA, N.H. -- With his re-election fate increasingly tied to the price Americans are paying at the gas pump, President Obama asked Congress on Thursday to end $4 billion in subsidies for oil and gas companies and vowed to tackle the country’s long-term energy issues while shunning 'phony election-year promises about lower gas prices.'"
The Texas utility formerly known as TXU seems to be turning out a big bust for investors. It's a story that goes back to the political and economic failure of the Bush-era plan to build hundreds of coal-fired electric plants -- and the fact that the go-go pace of natural gas drilling has pushed the price of that commodity down for the long term.
"Struck at the peak of the buyout boom five years ago, the $45 billion acquisition of the Texas energy giant TXU — the biggest leveraged buyout in history — has been a painful investment for its private equity owners.
"U.S. environmental regulators have proposed a new rule that limits requirements for factories to hold permits for greenhouse gas carbon emissions to the largest sources such as big coal-fired power plants and big manufacturers."
"Insurance companies that cover property damage from catastrophes are increasingly pushing costs onto the backs of consumers and taxpayers, according to a new report from the advocacy group Consumer Federation of America."
"DETROIT -- Average retail gas prices in Detroit have risen over 25.6 cents per gallon in the past week. According to GasBuddy.com this compares with the national average that has increased 11.3 cents per gallon in the last week to $3.64/gallon."
"Fans of The Lorax have raised concerns that the new big-screen version is neglecting the environmental message of the beloved Dr. Seuss book. The movie doesn't come out until March 2, but the initial trailer and promotional materials ignited a round of complaints on the web. Now people are having a (rather justified) heart attack about the fact that The Lorax is now being used to cross-promote a new SUV."
The Patton Boggs lobbying firm, which represents the mining industry, has sent letters threatening unspecified legal action against four scientific journals if they publish results of a study about the exposure of miners to diesel emissions, according to Science magazine.
"LONDON -- More than 145 food products derived from whales, dolphins and porpoises are for sale on Amazon Japan, the wholly owned subsidiary of Internet marketplace giant Amazon Inc., according to a new report by the nonprofit Environmental Investigation Agency."
"CHICAGO — The wind industry is predicting massive layoffs and stalled or abandoned projects after a deal to renew a tax credit for wind production failed Thursday in Washington."
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