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Big Three auto execs pledge to become greener, more profitable
In a desperate, collective plea for up to $38 billion in government aid, executives from Detroit’s Big Three automakers told a Senate committee on Thursday they would start to crank out smaller, more fuel-efficient cars and streamline their businesses to stay afloat. “Now we are absolutely committed to exceeding our customers’ expectations for quality, fuel-efficiency, […]
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BLM unveils rule change to undermine Congress’ veto of mining projects
The U.S. Bureau of Land Management on Thursday announced a rule change that attempts to eliminate Congress’ power to veto mining projects on public lands. A 1976 law currently allows Congress to intervene to stop mining projects when “an emergency situation exists and extraordinary measures must be taken to preserve values that would otherwise be […]
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Sales of popular hybrid vehicles plunged in November
Sales of popular hybrid vehicles like the Toyota Prius and hybrid Honda Civic fell significantly in November, due to a poor economy, higher upfront costs for hybrids, and significantly lower gas prices nationwide. Hybrid Honda Civic sales fell some 68 percent last month while figures for the Toyota Prius show that its sales plunged about […]
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Bank of America will stop funding mountaintop-removal mining
In a big win for environmentalists, Bank of America agreed Wednesday to “phase out financing” to coal companies “whose predominant method of extracting coal” is mountaintop-removal mining. Green groups recently persuaded several BoA execs to visit ravaged Appalachian mountains. Ironically, the U.S. EPA just this week approved a rule change that makes mountaintop removal easier.