Counting on Failure, Energy Chairman Floats Carbon Tax
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Representative John D. Dingell, Democrat of Michigan, plans to propose raising the cost of burning oil, gas and coal, in a move that could shake up the debate on global warming.
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Technology investors are on a crusade to influence energy policy because they have a big stake in the outcome.
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A proposal to hit oil companies with $29 billion in new taxes advanced in the Senate on Tuesday, targeting the money to energy conservation, wind turbines, electric hybrid cars and clean coal technology.
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Current UK tax plans are unlikely to curb the growth in greenhouse gas emissions from travel, a study says.
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Solar and wind industry bemoan removal of renewable energy tax credit which executives said will slow industry down.
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Democrats blamed for failures in final State of the Union address as president pushes for tax cuts
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The U.S. Senate on Tuesday rejected  contentious incentives to convert coal into liquid transport  fuels, as tax-writers proposed giving $32.1 billion in new  incentives to produce cleaner energy, and sticking Big Oil with  most of the bill in the form of new taxes.
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Political headwinds are likely to batter this oil producer's results.
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An MPs' report calls for taxes on air travel and high polluting cars to be increased to cut CO2 emissions.
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Democrats running Congress will likely not be able to pass climate legislation with mandatory limits on "greenhouse" gases without help from President Bush, the Senate energy panel chair said.
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Woodside Petroleum Ltd.&#39;s plan to develop a second liquefied natural gas project in Western Australia may fail because of high costs and environmental concerns, analysts said.
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The Christian Science Monitor - If new technology is a key answer to global warming and America's addiction to oil, then President Bush's proposal to boost federal spending on energy R&amp;D - by no less than 30 percent in fiscal 2008 - would seem a welcome step.
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Energy Secretary Samuel P. Bodman told lawmakers yesterday that the Bush administration might drop its support for a $1.5 billion coal-fired power plant designed to store greenhouse gases underground, citing mounting cost estimates and other possible technologies.
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Legislators are trying to attach tax breaks as part of a broad energy bill to an emergency economic aid package containing rebates for millions of taxpayers
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Shares in Britain&#39;s Cairn Energy, which have soared on a series of oil discoveries in India, plunged by one-fifth on Friday on worries about a tax dispute with the Indian government and a lack of new finds.
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Unable to extend tax breaks as part of a broad energy bill two months ago, lawmakers are trying to attach some of them to an emergency economic aid package containing rebates for millions of taxpayers.
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Senate Republicans block a $32 billion in tax breaks for renewable energy that would have been financed mostly by new taxes on major oil companies. The GOP argues an oil-company tax increase would reduce production and raise gas prices.