If Wall Street's right, Obama may nix Keystone
August 2nd, 2013
07:08 AM ET
9 months ago

If Wall Street's right, Obama may nix Keystone

New York (CNNMoney) - President Obama hasn't decided whether he will approve the expansion of the controversial Keystone oils sands pipeline just yet. But in a strange turn of events, some opponents of the plan are finding support for their position from an unlikely source: Wall Street.

Obama has long said that he will only approve the project if it doesn't significantly contribute to climate change. He reiterated that in a recent interview with The New York Times. The State Department has said it won't because it thinks the oil sands, which are dirtier than conventional oil, will get developed no matter what happens to Keystone. In other words, that oil is going to leave Canada somehow ... so it might as well be through the United States.

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Filed under: Energy • Wall Street
Coal companies hit by oversupply, Obama
July 1st, 2013
07:05 AM ET
10 months ago

Coal companies hit by oversupply, Obama

New York (CNNMoney) – Coal company stocks have taken a hit lately, as a global oversupply and pending climate change rules from the Obama administration weigh on the sector.

The Market Vectors Coal Index ETF is down 17% in the last 30 days. Some individual companies have fared even worse. Shares of Peabody Energy Corporation have plunged nearly 30% from a month ago, as have shares in Yanzhou Coal Mining. Shares in Westmoreland Coal Co. are down about 10%.

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Filed under: climate change • Energy • President Obama
Obama to tackle climate change in speech
June 22nd, 2013
04:36 PM ET
10 months ago

Obama to tackle climate change in speech

Washington (CNN) – President Barack Obama will announce his plans to "reduce carbon pollution" in a climate change speech next week, the White House announced Saturday.

"There's no single step that can reverse the effects of climate change. But when it comes to the world we leave our children, we owe it to them to do what we can," Obama said in a video released on the White House's YouTube page.
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Filed under: climate change • Energy • President Obama
First on CNN: New online ads urge against carbon tax
June 5th, 2013
12:46 PM ET
11 months ago

First on CNN: New online ads urge against carbon tax

(CNN) – Online ads, backed by a six-figure buy from a conservative group, are hitting the web urging lawmakers to oppose a tax on carbon emissions.

The campaign from Americans for Prosperity goes after senators and representatives from 15 states, and begins with a budget of $175,000, according to a release from the organization.
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Filed under: Energy • Environmental policy
Alaska governor pushes domestic energy options
June 1st, 2013
06:00 AM ET
11 months ago

Alaska governor pushes domestic energy options

(CNN) – During the GOP weekly address Saturday, Republican Gov. Sean Parnell of Alaska called on the Obama administration to make more efforts to tap into domestic energy resources.

The governor said his state is prepared to pay millions in a partnership with the federal government to explore the Arctic National Wildlife Refuge for precise estimates of its energy potential.
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Filed under: Alaska • Energy • Republicans
Americans having their say on divisive Keystone pipeline plan
May 24th, 2013
08:37 AM ET
11 months ago

Americans having their say on divisive Keystone pipeline plan

(CNN) - Jobs, say hundreds of thousands of people. Pollution, say hundreds of thousands of others.

They say that's what a proposed oil pipeline would bring into the country, as it transports crude from massive deposits in Canadian tar sands to refineries and ports in the United States.

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Filed under: Energy
Business owner on Obama tour pushed for Keystone
May 17th, 2013
08:50 AM ET
11 months ago

Business owner on Obama tour pushed for Keystone

(CNN) – When President Barack Obama visits Ellicott Dredges Friday in Baltimore, he'll announce he's signed a presidential memorandum meant to hasten federal permitting processes, thereby creating jobs.

But the owner of the company, Peter Bowe, has another idea for getting Americans to work: approve the Keystone XL oil pipeline, a project Republicans say would create jobs and foster energy independence but some Democrats argue would pose serious environmental risks.
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Filed under: Energy • President Obama
Senate confirms Moniz for energy secretary
May 16th, 2013
02:41 PM ET
11 months ago

Senate confirms Moniz for energy secretary

(CNN) – The Senate on Thursday confirmed Massachusetts Institute of Technology physicist Ernest Moniz to be the next Secretary of Energy, replacing Steven Chu.

The vote was 97-0, with three senators (Roy Blunt, R-Missouri; Tom Coburn, R-Oklahoma; and Jerry Moran, R-Kansas) missing the vote.
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Filed under: Energy • Senate
President, electric industry plan ways to restore power
May 8th, 2013
07:26 PM ET
12 months ago

President, electric industry plan ways to restore power

(CNN) - Continuing a relationship first established in the run-up to Superstorm Sandy, President Barack Obama sat down with representatives from the electric utility industry on Wednesday to discuss ways the federal government can help companies quickly restore power after major disasters.

According to accounts from two industry executives in attendance, much of the meeting focused on improving responses to natural disasters, but both industry and government officials also drew parallels to potential outages caused by a major cyber attack.
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Filed under: Energy • President Obama
GOP governor: Government should act like a smartphone
May 4th, 2013
08:31 AM ET
12 months ago

GOP governor: Government should act like a smartphone

(CNN) - Republican Gov. Pat McCrory called on President Barack Obama to grant states more flexibility on issues such as health care and energy during the GOP's weekly address.

The new governor, who was elected in November, said state government can improve if it has the freedom to be more efficient, like a "smartphone."
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Filed under: Energy • Health care • North Carolina • President Obama
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