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EmissionsReductions posts

Climate change law could cost 13 cents a gallon

Posted Nov 3rd 2009 9:00AM by Tom Johansmeyer (RSS feed)
Filed under: Exxon Mobil (XOM), Oil

Climate change isn't going to be free. A report by Point Carbon, an independent consulting company that tracks global carbon and energy markets, estimates that U.S. climate legislation could push the price at the pump 13 cents a gallon higher. The increase would result from the cost to oil companies for carbon permits, which they can pass along to consumers.

This is a much rosier view than that of the oil industry, however, which believes a U.S. cap-and-trade system would thrash demand for gasoline and lead to the shuttering of many refineries.

Continue reading Climate change law could cost 13 cents a gallon

Are emission standards the final nail in Detroit's coffin?

Posted May 19th 2009 10:20AM by Mark Fightmaster (RSS feed)
Filed under: General Motors (GM)

President Obama is set to announce the first-ever national emissions limits for vehicles later today, and will require a 35.5 mile-per-gallon fuel efficiency standard. The announcement was confirmed by Vice President Joe Biden as he was giving tours of the super-secret 9/11 bunker ... just kidding. It was confirmed by Carol Browner, the White House energy and climate director.

This plan couples pollution reduction from vehicle tailpipes and increased efficiency on the road. The plan should save 1.8 billion barrels of oil through 2016 and will be the environmental equivalent to eliminating 177 million cars from the road. According to the plan, new vehicles will be 30% cleaner and more fuel-efficient by the time the program is in full effect in 2016. New vehicles may then cost an extra $1,300.

Continue reading Are emission standards the final nail in Detroit's coffin?