BUSINESS
May 5, 2013 | By Jerry Hirsch, Los Angeles Times
When Tesla Motors reports its first-ever profit Wednesday, much of the money will come courtesy of the state of California. In its zeal to push electric cars into the market, the state has created a system in which Tesla can make as much as $35,000 extra on each sale of its luxury Model S electric sports sedans. That's because the Palo Alto company qualifies for coveted state environmental credits that it can turn into cash. These Zero Emission Vehicle credits could put as much as $250 million in Tesla's coffers this year, according to one Wall Street analyst, and they are a key reason the 10-year-old automaker has survived this long.
BUSINESS
April 22, 2013 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - California's air quality officials soon may be adding a new phrase to their bureaucratic vocabulary: " le rechauffement climatique . " That's French for global warming. The California Air Resources Board on Friday linked its program for cutting greenhouse gas emissions and curbing climate change with one in the French-speaking, Canadian province of Quebec. The merger starts Jan. 1. On April 8, Gov. Jerry Brown certified the two cap-and-trade systems as compatible.
NEWS
April 17, 2013 | By Neela Banerjee
WASHINGTON -- A dozen states and cities and three major environmental groups have notified the Environmental Protection Agency that they plan to sue the regulator unless it issues final rules limiting greenhouse gas emissions from new power plants. On Monday, the EPA confirmed that it had missed an April 13 deadline to issue final rules curtailing emissions of carbon dioxide from power plants, the country's single biggest source of heat-trapping gases that drive climate change. The jurisdictions and the environmental groups sent separate letters to the EPA. But each letter notified the regulator of the groups' plan to sue after 60 days, if the EPA did not expedite the rules.
NEWS
April 15, 2013 | By Neela Banerjee
WASHINGTON -- The Environmental Protection Agency says greenhouse gas emissions in the United States showed a 1.6% decline from 2010 to 2011. The decrease continued an overall decline in U.S. greenhouse gas emissions, down 6.9% since 2005. The EPA said the drop from 2010 to 2011 is driven mostly by power plants switching from coal to natural gas, which emits less carbon dioxide when burned. Additionally, a mild winter in the south Atlantic region of the U.S., where much of the heating is electric, resulted in lower electricity demand.
NEWS
April 15, 2013 | By Neela Banerjee
WASHINGTON - The Environmental Protection Agency has delayed indefinitely a much-anticipated final rule limiting greenhouse gas emissions from new power plants. Proposed a year ago, the rule was the first to set limits on carbon dioxide emissions from new plants. Once a limit is set for new facilities, the EPA is legally obligated to address existing plants, which pose the true climate threat for now. The United States' power plant fleet is the single biggest source of greenhouse gas emissions in the world.
NATIONAL
April 11, 2013 | By Neela Banerjee, Washington Bureau
WASHINGTON - President Obama's pick to lead the Environmental Protection Agency, Gina McCarthy, faced tough questioning from Senate Republicans at her confirmation hearing Thursday, in a clear signal to the White House that they will continue fighting environmental regulations as vigorously as they did in the first term. Obama's reelection, the gradual revival of the economy and the effects of climate change have not altered the viewpoint of some Republicans that climate change is suspect and environmental rules kill jobs.