New West Energy Grok

Western States Pledge Emission Cuts


By Richard Martin, 8-24-07

 
 

As promised, the six Western states and two Canadian provinces that make up the Western Climate Initiative have made public their greenhouse-gas reduction goals. The state and provincial governments say they will reduce their aggregate carbon emissions by 15 percent below the 2005 levels by 2020. Like last year’s landmark carbon-reduction legislation passed by California, the Western Climate Initiative goal represents frustration on the part of state and local leaders at inaction on climate change in Washington, D.C.

Created six months ago by the governors of Arizona, California, New Mexico, Oregon and Washington, and joined since then by Utah and the Canadian provinces of Manitoba and British Columbia, the Climate Initiative says its goals will not replace but augment greenhouse gas-reduction efforts in the individual states. officials say achieving its goal could cut 350 million metric tons of carbon dioxide A 15-percent total reduction would eliminate some 350 million metric tons of carbon dioxide from the atmosphere—roughly equivalent to taking 75.6 million cars off the road.

The question now is , why haven’t Colorado and Montana pitched in?

In other energy news:

-- Colorado is the center of the new uranium mining boom, according to a new report out this week from the Environmental Working Group. Mining claims on federal land in the state jumped 239 percent since 2003, the highest growth in the West. Claims across the region climbed to 376,493 last month from 207,540 in January 2003.

-- A state audit released this week shows that the distribution of funds from drilling and mining severance taxes is seriously out of whack. “Governments along the Front Range receive about four times more severance tax money than is generated by those industries locally,” the Rocky Mountain News reports, while “cities, towns and counties in the southwest part of the state - whose industries account for about half the state’s total severance tax revenue - keep only about a fifth of what’s generated there.”

-- Barron’s Silicon Valley editor Eric Savitz, writing on the Seeking Alpha blog, cites an AFX News report that says Intel is considering making acquisitions in the solar energy business. According to anonymous sources, the semiconductor giant has held talks with potential target companies, including some in Germany. The leap from making silicon microchips to solar wafers from silicon would not be too huge, Savitz notes.



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Comments

By Colonel Bain, 8-24-07
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