Cap-and-trade sputters, rethinking GDP and Gulf hype
A weekly roundup of news and notes from here and there
*The dying gasps of cap-and-trade legislation in the U.S. could trigger new talks about a tax on carbon in policy circles.
*Is it time to reconsider gross domestic product as a measure of economic well-being? As China and other south Asian countries industrialize, the question is increasingly giving economists pause.
*The end-is-nigh hype surrounding the Gulf of Mexico oil spill (a bottom-up leak, technically) has been overblown. Amazingly, Rush Limbaugh may be onto something.
*The end of emissions-spewing coal-fired electricity, on the other hand, is nigh. At least in the UK. The government there announced on Tuesday that no new coal-fired plants would be built unless they were fitted with carbon capture and storage technology.
*ExxonMobil, Chevron, ConocoPhillips and Royal Dutch Shell are committing $1 billion to launch a “rapid-response” system to deal with deepwater oil spills in the Gulf of Mexico. Meanwhile, owners of the ill-fated Macondo well continue to pass the hot potato during Senate subcommittee hearings.
Follow us on Twitter
Related Posts
Nuke outages ‘bode well’ for Canadian LNG exports • February, 2012
Canada’s population follows the resources, Census shows • February, 2012
Deep discounts for Canadian oil won’t last, FirstEnergy says • February, 2012
Kitimat LNG investment decision looming • February, 2012
Researchers turn to nanotech to make CCS cheaper • February, 2012
Alberta’s nano-revolution struggles to take hold • February, 2012
Another B.C. LNG export scheme wins approval • February, 2012
Amid fracking concerns, a seismic database takes shape • February, 2012
Entries