Last night, President Obama and Chinese President Xi Jinping jointly announced crucial new actions to protect our climate. And because of American leadership, China is making critical new commitments.
Building on the progress we've already made, the U.S. will set a new target of cutting our net greenhouse gas emissions 26% to 28% below 2005 levels by 2025. And President Xi announced new plans to increase the share of renewable energy and nuclear power that China uses to roughly 20% by 2030 -- up from only 8% in 2009 -- and, for the first time, set a target for when China will max out its carbon emissions.
The U.S. and China together account for more than a third of global greenhouse gas emissions -- so together, we have an especially important role to play in fighting climate change.
To put it plainly: This is a big deal. Find out more about the announcement, and share the news with someone who needs to know.
Learn more about the historic climate announcements.
Back in 2009 when President Obama took office, U.S. greenhouse gas emissions were projected to continue increasing indefinitely, at a rate of about 1.2% each year. But the President set an ambitious goal that November to cut emissions "in the range of 17% below 2005 levels" by 2020.
We’re on track to achieve that goal. Since taking office, President Obama has:
Put in place appliance efficiency standards that will save American consumers more than $450 billion on their utility bills through 2030
Established standards that will increase fuel economy to the equivalent of 54.5 miles per gallon for cars and light-duty trucks, nearly doubling the fuel efficiency of our vehicles and saving consumers $1.7 trillion at the pump over the lifetime of the program
Released the first-ever proposal for carbon pollution standards for both new and existing power plants
Increased electricity generation from solar more than ten-fold, and tripled electricity production from wind power
Invested more than $80 billion in clean energy technologies
And the new emission reduction target that the President announced last night will roughly double the pace of our carbon pollution reduction -- from 1.2% per year from 2005 to 2020, to 2.3-2.8% from 2020 to 2025.
This target keeps us on track to reduce our carbon pollution on the order of 80% by 2050, and means the U.S. is doing our part to keep global temperatures from rising more than 2 degrees Celsius.
Learn more about last night's announcements, and forward this message to make sure people know just how important this is.
Counselor to the President
The White House
Officials in northeast Ohio say drilling in shale deposits is on hold due to decreasing oil prices.
The Star-Beacon in Ashtabula reports (http://bit.ly/1EutxFe ) that although geographic studies have shown there are large shale deposits throughout Ashtabula county, hydraulic fracturing, or fracking, is on hold due to economic reasons.
State Rep. John Patterson of Jefferson tells the newspaper that a decrease in oil prices has reduced the demand for fracking over the short term.
Officials are also looking into potential problems with fracking in the area, specifically earthquake risks and how to transport the oil once it's taken from the ground.
Some residents have already sold drilling rights on their property, and county officials are working to ensure regulations are in place in case drilling in the area becomes a reality.
People will be buying snowblowers like crazy this Winter, from the way we are starting out.
Lots of snowblowers running nonstop will increase demand.
As oil comes down demand for refined will go up.
Many will be heading to Florida this Winter due to falling gas prices.
I'm heading there in January if prices are so cheap.
Being small is all relative and does not make you a loser.
Even WB was small at one time.
We all gotta start somewhere.
Building shares up with Div or paying your taxes.
That should spark some interesting commentary on this board.
I plan to make my mortgage payments on that new home with mine.
I don't expect any dividend cut till first or second qtr next year, if it happens at all.
SDRL and JF will not ruin anyone's Christmas.
Just think what will happen when they announce the 1$ div this qtr.
Stock jumps 5$ to 27-28
That's my bet.
Of course oil dropping to 70 will put the hurts on my scenerio, but I don't see 80 as any reason for panic.