The United Nations may be able to seize an opportunity — presented by mass resistance against the “carbon tax” on air travel imposed by the European Union — to extract global taxes from airline passengers, with claims that failure to adopt a worldwide taxation regime under the UN International Civil Aviation Organization (ICAO) could result in a “trade war.”
United Nations boss Ban Ki-moon and his top deputies gathered in secret last year to chart the future course of humanity through “sustainable development,” a controversial concept the UN equates with “saving the planet” in what would ultimately entail a radical and complete transformation of human civilization. But even though the erection of a global so-called “green-economy” regime is a top UN priority, leaked minutes of the meeting revealed that the term itself remains undefined.
U.S. regulators on Thursday authorized plans to construct the nation’s first nuclear power plant in three decades, despite concerns stemming from Japan’s 2011 earthquake that led to a meltdown at the Fukushima nuclear plant last March. The Nuclear Regulatory Commission (NRC) voted 4-1 to grant Atlanta-based Southern Company a license to begin operating two new reactors at its existing Vogtle plant in Georgia, which will cost about $14 billion and are expected to enter service as early as 2016 and 2017.
The Chinese government announced on Monday that it would prohibit its airlines from paying a controversial “carbon tax” on flights to and from Europe imposed by the European Union, putting the continental regime in a tough bind as it seeks assistance from Beijing to tackle the region’s spiraling debt crisis. Unspecified retaliatory measures will be taken if the EU persists, according to Chinese officials, who say the taxes violate international treaties.
This June's United Nations Conference on Sustainable Development (UN CSD) in Rio de Janeiro will largely sidestep discussions of climate-change theories as leaders perceive the subject to be too controversial, according to summit insiders seeking ambitious and wide-ranging agreements on the world’s future. What is being touted as the biggest political gathering of the year will instead focus on framing UN “green” goals in terms of economic prosperity and environmental necessity.
Ener1 Inc., which owns an electric car battery-maker that reaped a $118-million grant from the Obama administration, filed for bankruptcy protection Thursday. The New York-based company claimed defaults on its bond debt were spurred by rising competition from China and other countries. Ener1 listed $73.9 million in assets and $90.5 million in debt as of December 31 in Chapter 11 papers filed in U.S. Bankruptcy Court.
As environmental groups hail President Obama’s rejection of the Keystone XL pipeline, billionaire and prominent Democratic donor Warren Buffett (left) is set to reap a handsome reward from the decision. Buffett’s Burlington Northern Santa Fe LLC is a notable beneficiary — among other U.S. and Canadian railroads — of the move, as it is one of the railroads that will transport the Canadian oil if the pipeline isn’t approved.
House Republicans unleashed a barrage of criticism Wednesday during a House hearing on Chevrolet’s Volt electric car, after the head of the federal auto safety agency insisted that the vehicles are not dangerous. "The Chevrolet Volt is safe to drive and it has been safe to drive the whole time," David Strickland, head of the National Highway Traffic Safety Administration (NHTSA), told a congressional panel. "Not only would I drive it, I would [take] my wife, my mother and my baby sister along for the ride."
Another taxpayer-funded solar-panel company, Willard & Kelsey Solar Group LLC, is undergoing operational issues, as it recently laid off about 40 people indefinitely due to delays in its production line. CEO and board chairman Michael Cicak would not comment on the timeline of the production changes or when the laid-off employees might return to their jobs.
Human rights activist Kerry Kennedy, ex-wife of New York Governor Andrew Cuomo and daughter of the late Robert F. Kennedy, stands to rake in millions from her seemingly selfless defense of the oil-drilled rain forest in Ecuador. An Ecuadorean appeals court recently upheld a ruling that Chevron Corporation, the U.S. oil giant, should pay $18 billion in damages (which the company is now appealing) to plaintiffs who accused the company of inflicting environmental damage on the Amazon jungle — in what Kennedy called "the biggest corporate environmental disaster on the face of the Earth."
The Obama administration’s track record with taxpayer-funded, green-tech subsidies is severely flawed, and according to new documents obtained by CBS News, its failures were all too predictable. The Energy Department's $535-million loan guarantee to Solyndra is, at least publicly, its most illustrious investment blunder, as the company went bankrupt last year leaving taxpayers with a hefty bill and putting more than 1,000 employees out of work.