The oil company revealed the largest first-quarter increase in profits in eight years
Fracking, a process used to extract natural gas from rock, is coming under attack.
Last December, China refused to sign on to the non-binding Copenhagen greenhouse gas reduction goals and in March 2010 was only willing to agree to reduce its “carbon intensity.” Were China a leader in green energy investment and employment, one would expect its government to exploit this competitive advantage by championing a global climate accord.
As electricity costs rise, businesses will lay off employees in order to pay the air conditioning and lighting bills—and as states are forced to use more renewable sources, they will cut back on coal and other traditional sources, and thousands of jobs in those industries will be lost
For those concerned about higher energy prices and a weaker economy, fighting cap-and-trade should remain a priority. But don’t sleep on an renewable electricity standard bill. It’s like Batman defeating the Joker then forgetting about the Riddler