New York City is suing BP, Chevron, ConocoPhillips, Exxon Mobil and Royal Dutch Shell, saying that each has contributed to global warming and has cost the city billions of dollars as it has tried to mitigate the harm done from such things as deviant weather patterns. The oil giants, though, are firing back, noting that they are on board with efforts to reduce heat-trapping emissions.
The Renewable Fuel Standard is unlikely to meet its goals of reducing greenhouse gas emissions or expanding the nation’s renewable fuels sector, according to two Government Accountability Office reports.
The EPA has raised the amount of renewable fuel that must be blended into the nation’s gasoline supply, drawing an immediate attack from the oil industry. The final Renewable Fuel Standards, announced last week, raise the levels from 18.11 billion gallons this year to 19.28 billion gallons in 2017. This … Read more »