Economy & Business

In Egypt, Rising Sea Raises Worries About Climate Change's Effects

"On Egypt's Mediterranean coast, August should be prime tourist season. But the seaside restaurants in Alexandria are almost empty. Worries over security are keeping a lot of foreign tourists away. But there's a much bigger worry looming: that hotter weather and a disappearing shoreline could make Egypt's prospects even worse."

Source: NPR, 08/15/2017

Scrapping Climate Protections Would Erase $300 Billion in Benefits

"The Trump administration has been systematically dismantling the nation's climate change regulations, often claiming a high cost of compliance as justification. But a new study says keeping those rules would actually save nearly $300 billion a year by 2030."

Source: InsideClimate News, 08/08/2017

Infrastructure Borrowing Drops As U.S. States Await Trump Plan Details

"President Donald Trump arrived in office having promised a bold $1 trillion infrastructure investment plan over 10 years for roads, bridges, airports and transit systems crumbling by the day across the United States. But nearly seven months later the administration has produced few details on the future of federal infrastructure funding, one reason why state and municipal governments have issued fewer bonds to improve roads, water systems and other projects so far in 2017."

Source: Reuters, 08/07/2017

EPA Staff Forced to Work on Energy Industry’s Wish List: Ex-Official

"EPA staffers are spending their days addressing an industry wish list of changes to environmental law, according to Elizabeth Southerland, a former senior agency official who issued a scathing public farewell message when she ended her 30-year career there on Monday."

Source: The Intercept, 08/04/2017

US To Reject Biofuel Program Tweaks In Blow To Refiners, Icahn: Sources

"The Environmental Protection Agency will reject a proposed overhaul of the U.S. biofuels program that would have shifted blending responsibility away from refining companies further down the fuel supply chain, three sources familiar with the matter told Reuters on Thursday."

Source: Reuters, 08/04/2017

Pipeline Payday: How Builders Win Big, Whether Gas Is Needed or Not

"The real fight over America's energy future isn't in coal, despite the Trump administration's public focus on a mining revival. Rather, dozens of pipeline projects, making up one of the largest expansions of natural gas infrastructure in U.S. history, are where the fossil fuel action is."

Source: InsideClimate News, 08/04/2017

"U.S. Nuclear Comeback Stalls as Two Reactors Are Abandoned"

"In a major blow to the future of nuclear power in the United States, two South Carolina utilities said on Monday that they would abandon two unfinished nuclear reactors in the state, putting an end to a project that was once expected to showcase advanced nuclear technology but has since been plagued by delays and cost overruns."

Source: NY Times, 08/01/2017

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