Word: oil
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...further in the coming months, according to the British employers' organization, the CBI. In the meantime, British holidaymakers used to vacationing in France or Spain are making plans for breaks closer to home. Outside the Bank of England, which moved to its present central London site in 1734, one oil-industry worker with a fondness for European travel says he'll "just sit tight" until the pound gets stronger again. Behind him, the city's buses shuttle workers home, with posters on their sides trumpeting the latest movie releases: Slumdog Millionaire, Seven Pounds, The Broken. They almost read like signs...
...m.p.g.) by 2020 at the latest. Together the directives - the first official memorandums issued by the new President - signal Obama's willingness to take on America's disastrous auto sector, which is bleeding money even as it contributes heavily to climate change and the country's addiction to foreign oil. "The days of Washington dragging its heels are over," he said. "It will be the policy of my Administration to reverse our dependence on foreign oil while building a new energy economy that will create millions of jobs." (See the top 10 green ideas...
...Obama is hardly the first American President to declare war on the country's foreign oil habit - President George W. Bush himself famously said that America was "addicted to oil." And it won't be easy for the U.S. auto industry, already on life support, to shift quickly to more fuel-efficient models after years of resisting them. But the very fact that Obama chose to tackle fuel economy at the start of his Administration gives greens hope. "President Obama has done more in one week to reduce oil dependence and fight global warming than President Bush did in eight...
...Today marks a new chapter in U.S. climate diplomacy. ... Todd Stern is first-rate - brilliant, with long experience and deep expertise on climate change. - David Sandalow, a senior fellow at the Brookings Institution and author of Freedom From Oil, following Stern's appointment (Washington Post, January...
...many more rules remain on the books. They include regulations that allow mountaintop-removal mining projects to pollute streambeds with leftover dirt, and a Bush move to begin to permit drilling for oil and gas on the Outer Continental Shelf. Worse, they also include a drastic weakening of the Endangered Species Act, allowing federal agencies to bypass expert advice from federal scientists on whether proposed projects would have an impact on endangered species, essentially cutting the heart out of the act. "The number of regulations where the Bush Administration succeeded far outnumbered the ones where they failed," says Walke...