Some House Democrats, citing a GAO report, say Republicans should start their efforts to reduce the deficit by collecting the money legally owed the Treasury by oil and gas companies who profit from taxpayer-owned resources they extract. For decades, oil companies have been underpaying.
Economy & Business
"The Department of Energy said on Thursday it has offered a conditional $102 million loan guarantee to support a wind farm in Maine. The financial aid will support the Record Hill wind project, a 50.1 megawatt wind power plant and transmission line in Maine."
"Corn-based ethanol is the renewable fuel environmentalists love to hate. But as turmoil in the Middle East and North Africa has sent oil prices soaring, U.S.-made ethanol is making a comeback."
"A two-decade-old crackdown on smog and soot under the Clean Air Act will yield about $2 trillion in annual benefits by 2020, according to a study that was released by U.S. EPA this morning and was touted as proof that the embattled agency's rules are an economic boon for the American people."
A new coalition of clothing retailers, manufacturers, environmental groups, and academics is developing a database which they hope will eventually allow them to give every garment a sustainability score.
"With no say in their chamber's agenda but an ambitious goal of reclaiming the majority, House Democrats are turning to energy and environmental issues in their latest bid to promote an alternative to the GOP economic agenda ahead of the 2012 election."
In Wisconsin and other embattled states, environmental groups have joined labor unions in mass protests against conservative attacks which threaten 'green jobs' as well as bargaining rights.
Oil prices rising because of turmoil in the Middle East and other factors pose a new and serious threat to the recovery of the U.S. economy, experts say.