"BP, the biggest oil field operator on Alaska's North Slope, has failed to fix pervasive management and environmental safety problems and is a repeat environmental offender, federal prosecutors said in a new court filing this week."
Economy & Business
"The European Union's trade authority plans to start an investigation into whether U.S. bioethanol exporters are receiving unfair state subsidies and selling their fuel to Europe at illegally low prices, diplomats said on Tuesday."
"Shell Oil, ExxonMobil and Morgan Stanley are among the major oil and financial companies potentially on the hook for millions of dollars in civil fines tied to fraudulent renewable fuel credits — and that could be the tip of the iceberg."
"Republicans have been attacking environmental regulations, arguing that they hurt the economy and that the costs outweigh the benefits. But four decades of data show they are wrong."
The bankruptcy of the solar firm Solyndra has focused a lot of attention -- some of it politicized -- on clean-energy subsidies. While those subsidies have sparked something of a "gold rush" among clean-energy entrepreneurs, some clean-energy startups face serious economic challenges that may justify them.
As Republican politicians pound the narrative theme that government regulations are killing jobs, employment data show that the GOP story simply isn't true. Economists who are used to this argument don't expect the facts to change many people's minds.
"Dozens of chemical companies and other industrial firms worldwide were hit this summer by highly focused cyberattacks controlled by Chinese hackers, according to a new report."
"THERMAL – At one end of Avenue 54, a road slicing through some of the most fertile land in the United States, resides the California of the popular imagination: a place of Bermuda shorts, putting greens and picture-window champagne dinners overlooking the infinity pool.
"They will run your errands by bicycle, recommend a spa that gives vegan manicures or buy organic clothes for you and your dog. They will even book you a dream vacation and buy the appropriate carbon offsets. Green living is just so much easier when you have your own personal environmental concierge."
As the natural gas drilling boom based on "fracking" has spread across the U.S. from Texas to New York, ordinary householders have signed more than a million leases allowing companies to drill on their land. But bankers and real estate executives are now starting to ask what happens if they lend money for a piece of land that ends up storing huge amounts of toxic drilling wastewater.
Ian Urbina reports for the New York Times October 19, 2011.