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Judge tosses out Big Auto’s suit against California
Automakers must have been bad this year, because Santa has given them a big holiday disappointment. And by Santa we mean U.S. District Judge Anthony Ishii, who today declared that California has the authority to regulate greenhouse-gas emissions from vehicles, and tossed out automakers’ lawsuit against the state. Automakers had sued in 2004 when California […]
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New Green Exchange to be launched
In a huge boost for carbon trading, Nymex Holdings Inc. and a group of Wall Street trading houses are planning to launch a Green Exchange for trading environmental products, including carbon credits. Trading is expected to begin in the first quarter of 2008.
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Exxon plans liquefied-natural-gas terminal 20 miles off New Jersey coast
ExxonMobil has announced it intends to build a $1 billion floating liquefied-natural-gas terminal 20 miles off the coast of New Jersey. The offshore location is intended to make the venture less objectionable to opponents who worry about pollution, leaks, catastrophic explosions, and other environmental impacts from the facility that aims to produce 1.2 billion cubic […]
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U.S. blocking agreement on emissions goal at Bali conference
Defying all predictions, the United States delegation at the United Nations climate conference in Bali, Indonesia, appears to have successfully blocked agreement on specific emissions-reduction targets so far. Europe and many developing nations have called for cuts of 25 percent to 40 percent by 2020 to avoid the effects of catastrophic warming, but in the […]