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By Sarah Laskow, Media Consortium blogger
(reposted with permission)
Oil has hit shore in Louisiana, and despite BP’s best efforts to keep the media away, reporters can now touch the greasy stuff with their hands and feet. The onrush of oil into the Gulf has continued for over a month now, and while BP is still trying to staunch both the spill and media spin, the company is losing control over the information that’s reaching the public.
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The green market is vulnerable to the formation of a bubble. The rapid growth of the green market could be seriously undermined by the implosion of such a bubble. Those who care about the environment have a vested interest in protecting the green market from bubbles. The Securities and Exchange Commission’s (SEC) civil lawsuit against Goldman-Sachs suggests they are serious about addressing securities fraud.These charges send a powerful message to those who manipulate markets.
Continue Reading Financial Regulation and Green Bubbles
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By Sarah Laskow, Media Consortium blogger
(reposted with permission)
Senators John Kerry (D-MA) and Joe Lieberman (I-CT), though down one man, finally released their stab at climate legislation this week. One of the most crucial sections in the bill covers off-shore oil drilling, an issue that was supposed to help solve the tricky math of reaching 60 votes. But since the Deepwater Horizon rig sank in the Gulf of Mexico, drilling has become a wedge issue.
Continue Reading The Weekly Mulch from the Media Consortium: Is the American Power Act Doomed?
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Congress today heard testimony from executives of the three companies involved in the explosion of the Deepwater Horizon drilling platform in the Gulf of Mexico and the ruptured well-head gushing oil even now, weeks later, at the bottom of 5000 feet of ocean. The event unfolds in slow motion before our eyes, in quiet desperation, we watch as oil spreads across the Gulf, turning its blue waters brown.
Continue Reading Circle of Blame: Oil Industry Executives Shift Blame in Congressional Testimony
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The saga of what many are considering an increasingly broken legislative process continues as a last minute pull-out of support from Republican Senator Lindsey Graham from South Carolina on the anticipated release of the Kerry-Graham-Lieberman climate and energy bill today.
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Now that everyone has calmed down and made amends after the bitter struggle over health care (ahem), many now see hints that the White House is wasting no time on gearing up for its next big fight, setting their sights on climate and energy legislation getting passed before the November midterm elections.
Continue Reading White House Prepares to Do Battle on Energy and Climate Legislation
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The first meeting of the United Nations Framework Convention on Climate Change (UNFCCC) since the chaotic conclusion of the COP15 climate conference late last year in Copenhagen concluded yesterday amid a general theme of “picking up the pieces” from the “shattered” process of international climate negotiations.
Continue Reading Bonn Meeting Meant to “Pick Up the Pieces” of the Shattered COP15 Talks
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In Revolutionary Wealth, renowned futurists the Tofflers–Alvin and Heidi–continue their exploration of how “knowledge-intensive” technological, socio-economic and political change is fundamentally redefining the nature of wealth and how it’s created. As it sweeps across the globe, this “Third Wave” is altering deep fundamental aspects of societies while clashing up against previous First (agrarian) and Second (industrial) Wave analogs, they write.
Continue Reading Clashing Waves of Change Evident in Current Energy, Transport Policy Battles
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By Sarah Laskow, Media Consortium Blogger
(reposted with permission)
President Barack Obama announced this week that his administration would open areas from Delaware to Florida and in Alaska to offshore drilling for gas and oil. The Environmental Protection Agency (EPA) and the Department of Transportation also released new guidelines for auto emissions to cut carbon emissions, and the EPA said new benchmarks for issuing mountaintop mining permits would prevent damage to waterways in Appalachia. The environmental community welcomed these last two announcements but both were overshadowed by the off-shore drilling decision, which green groups largely condemned.
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By Sarah Laskow, Media Consortium blogger
(reposted with permission)
Seven months out from the midterms, electoral anxieties are hampering potential climate change legislation. Election years are a time to pass easy, politically popular policies, and climate change legislation does not fit that bill. For the Senate’s climate change legislation to have a chance, Congress has to sweep through the financial overhaul faster than any bill in its history. Otherwise, politicians’ focus will shift to the midterms before they pass a climate bill.
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