TOP THINGS YOU SHOULD KNOW FOR NOVEMBER 16
Sandy And Job Claims. People who are temporarily out of work due to Hurricane Sandy caused a spike in unemployment claims last week. The Labor Department stated 439,000 people filed for unemployment benefits, an 18-month high.
Guilty. BP has agreed to plead guilty to 14 criminal charges and pay $5.6 billion in fines and penalties as a result of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The Justice Department also filed charges against three individuals. According to U.S. Attorney General Eric H. Holder Jr., “This is unprecedented, both with regard to the amounts of money, the fact that a company has been criminally charged and that individuals have been charged as well."
Fiscal Cliff Causes Drop in Stocks. Investments took a hit this week as investors waited to see how Congress will deal with the pending fiscal cliff. In total, the S&P 500 Index futures fell 4.7 points, the Dow Jones Industrial Average lost 43 points and the Nasdaq-100 futures dropped six points.
Coverage of the Production Tax Credit for wind energy includes:
- Hill: Sen. Murkowski floats five-year phaseout of wind credit
- Des Moines Register (IA): Google's investment in Iowa wind farm renews call for support of tax credit
- Examiner (IA): Wind production tax credit critical to Iowa, says Loebsack
- Quad City Times (IA): Wind tax credit is good for Iowa
- Sioux City Journal (IA): OUR OPINION: Extend wind energy production tax credit
- Tri States Public Radio (IL): Job Fair for Ex-Siemens Workers
- State Journal (WV): Battle on wind energy tax credits coming
National and International Blue-Green
According to Reuters, several Senate lawmakers see an “opportunity for ‘transformative energy policy’ to both spur jobs created by the newfound wealth of energy while also protecting air and water from pollution.”
Politico also says Representative Ed Whitfield, the chairman of the House Energy and Commerce Committee’s energy and power subcommittee, is “optimistic energy deals can get done.”
The Washington Post reports, “The European Union’s climate commissioner says she hopes that President Barack Obama’s renewed attention to global warming after the election will translate into greater U.S. involvement in United Nations climate talks.”
General Motors is planning to build up to 500,000 electric-technology vehicles a year by 2017. Reuters has more.
To the States
E&E News says political support is building behind the construction of a sea wall in the New York Harbor.
The Washington Post takes a look at a poll showing 92 percent of Virginian voters want the state’s roads and highways fixed.
Washington Post: The whole truth about Superstorm Sandy and climate change
AOL Energy: Solar Power: The Killer App
Economist: A lot of hot air
Wall Street Journal: Export U.S. Gas, Yes or No?
Guardian (UK): John Hayes: 'windfarms will not replace gas or nuclear'
San Francisco Chronicle (CA): Cap-and-trade funds to struggling communities
Los Angeles Times (CA): State voters support cap and trade
Fresno Bee (CA): Kettleman City landfill could face sanctions for unreported spills
State Journal-Register (IL): County board to debate new wind turbine proposal
Detroit News (MI): Marchionne: Chrysler's $250M investment in Michigan a 'milestone'
Star Herald (NE): Nebraska urged to do more to train for green job