The Week's Biggest Loser: Planet Earth
After two weeks of meetings at the United Nations conference in Poland, negotiators don't seem any closer to agreeing on a path forward to combat global warming. They may even be further apart than they were before.
This was expected, but it doesn't make it any less disappointing.
Meanwhile, the Keystone XL pipeline is getting more attention in the U.S. than this conference. It should be the opposite, but environmental activists have helped elevate the project's symbolic significance far above its substantive impact on the climate.
After his high-profile climate-change speech in June, President Obama hasn't made any public statement about the U.N. conference. Four years ago he flew to Copenhagen to help strike an eleventh-hour deal. Last week in his weekly address, he touted domestic energy production.
The bad times for Planet Earth don't stop at the weekend, but happy Friday to you!
TOP ENERGY NEWS
By Clare Foran (@ckmarie)
OIL PRICES DROP AHEAD OF IRAN TALKS. The price of oil dropped to close to $95 a barrel amid speculation over whether sanctions against Iran will be eased next week.
CLIMATE TALKS WRAP UP. Delegates are considering a "loss and damage" mechanism to provide relief from extreme weather events, but a comprehensive agreement has so far proved elusive.
INDUSTRY GROUPS PROTEST 'SUE AND SETTLE.' A representative from the U.S. Chamber of Commerce criticized the practice, saying it allows the EPA to move forward with regulations without proper transparency.
SENATE PANEL TO TACKLE NUCLEAR WASTE QUESTION. The Senate Energy and Natural Resources Committee will take up legislation that could offer a way forward on a nuclear waste repository. (Paywall)
TAX REFORM PROPOSAL STRIKES DOWN INCENTIVES FOR INDEPENDENT PRODUCERS. Sen. Max Baucus, D-Mont., is proposing an overhaul to the tax code that includes provisions impacting the oil and gas industry.
FEDERAL REGULATOR DELAYS RELEASE OF ARCTIC REGULATIONS. The Bureau of Ocean Energy Management won't release standards for oil and gas exploration in Arctic waters until 2014. (Paywall)
SENATOR RAILS AGAINST NRC INFORMATION SHARING PRACTICES. Sen. Barbara Boxer, D-Calif., criticized the agency for changing the way it shares information with Congress.
NUCLEAR OPTION COULD AID OBAMA'S CLIMATE AGENDA. The Senate's use of the nuclear option is likely to speed confirmation of nominees to the D.C. Circuit Court of Appeals, which may decide legal challenges to EPA greenhouse gas regulations.