The International Monetary Fund (IMF) has a new report out claiming that fossil fuel is “mispriced” and that eliminating subsidies to the fossil fuel industry and adding carbon taxes could cut greenhouse gases by 13 percent. Energy subsidies are pervasive and impose substantial fiscal and economic costs in most regions. On a pre- tax basis, [...]

The State Department has downplayed the environmental impact of the Keystone XL pipeline Today, the U.S. Department of State released a Draft Supplemental Environmental Impact Statement (SEIS) in response to TransCanada’s May 2012 application for the Keystone XL pipeline that would run from Canada to Nebraska. The document is a draft technical review of potential [...]

From the roundup. It seems while environmentalists were getting arrested at the White House for protesting against the building of the Keystone Pipeline President Obama was golfing with two prominent oil and gas businessmen. On the same weekend that 40,000 people gathered on the Mall in Washington to protest construction of the Keystone Pipeline — [...]

During last night’s State Of The Union President Obama addressed an issue he has long ignored during his presidency – climate change. Unfortunately his statement was contradictory and confusing. We produce more natural gas than ever before, and nearly everyone’s energy bill is lower because of it. And over the last four years, our emissions [...]

The droughts in the Midwest caused by Climate Change are taking their toll on corn production. The situation has now deteriorated to the point where corn-based ethanol production facilities have been halted due to lack of supply. The persistent drought is taking a toll on producers of ethanol, with corn becoming so scarce that nearly [...]

The Sierra Club, long considered an establishment friendly environmental organization, has apparently been radicalized by the ongoing failure of the environmental movement to make any significant difference in Climate Change. Environmentalists all over the world have had limited success in dealing with Climate Change, but none have so substantially and comprehensively miscarried as those in [...]

The farm belt has been facing one of the severest droughts in its history and recent forecasts conclude that the next 3 months are going to make a bad situation worse. The situation has deteriorated to the point where hundreds of counties are being labeled disaster areas due to drought: The U.S. Agriculture Department cited [...]

Late on Friday, the Administration made a $60.4 billion supplemental appropriation requestfor dealing with the effects of Hurricane Sandy on the East Coast. The request went directly to House Speaker John Boehner. The total is actually a bit higher than estimated. This is a rough sketch of what the Administration plans to use the funds fo.

Now Senate Democrats might actually see climate change as a wedge issue, just a couple years after one of their caucus members literally shot climate change legislation in one of his campaign ads.

Jim Yong Kim, the new President of the World Bank, called on the world to address climate change by reducing greenhouse gas emissions, a shift for an organization that usually does not weigh in on the subject. Kim’s report, “Why a 4° Centigrade Warmer World Must Be Avoided,” has a very specific intent. “It is my hope that this report shocks us into action,” Kim writes in the foreward.

California ushers in a new era today with one of the the first greenhouse gas emission auctions in the United States. The state passed the Global Warming Solutions Act in 2006, and six years later, the cap and trade program on carbon emissions in the law is operational and ready for action. More than six [...]