Economy & Business

"A report by the nonpartisan Congressional Research Service circulated yesterday evening backed up supporters' claim that pricing carbon could be a powerful tool for reining in the federal deficit."

"More than 100 million people will die and global economic growth will be cut by 3.2 percent of gross domestic product (GDP) by 2030 if the world fails to tackle climate change, a report commissioned by 20 governments said on Wednesday.

As global average temperatures rise due to greenhouse gas emissions, the effects on the planet, such as melting ice caps, extreme weather, drought and rising sea levels, will threaten populations and livelihoods, said the report conducted by humanitarian organization DARA.

25 Senators are asking the White House to spend more money on dredging harbors and channels -- a special problem in the Great Lakes, where near-record low water levels caused by drought and possibly climate change are costing shippers money.

The vaunted "free market" is a fairy tale when energy industries are begging for subsidies from the federal government.

"The wind industry’s main trade association is predicting that new installations will fall to zero without a renewal of the production tax credit, which applies only to projects finished by New Year’s Eve. Since renewal is iffy, some wind machine factories are already shutting down, as my colleague Diane Cardwell reported on Friday."

"Recent action by Koch Oil Sands pulls the curtain back further on the Koch family's deep but quiet involvement in Canada's oil sands industry."

"A coal-fired power plant in Billings, Montana, will be mothballed starting in April 2015 because it will cost too much to comply with new emissions reductions required by the government, plant owner and operator PPL Montana said on Wednesday."

"Searing droughts in the United States and Russia will deplete harvests of wheat, corn and soybeans, the U.S. government said on Wednesday, but global food supplies were not hurt as badly as many had feared."