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Oil Spill Triggers Criminal Inquiry

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As latest attempt to stop leak fails, government initiates criminal probe into disaster.

President Obama vowed to pursue criminal inquiries into the Deepwater Horizon oil disaster, a few hours before Attorney General Eric H. Holder Jr. announced that federal authorities have opened criminal and civil investigations. Shares of BP PLC plunged 13 percent after it was revealed that the latest attempt to fix the leaking well failed. The selloff knocked $18 billion off BP's market......read more

Notes from the Spill

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BP meets snags with cut and cap procedure, Obama "furious" with lack of progress.

In the latest bid to curtail the worst oil spill in U.S. history, BP initiated a "cut and cap" procedure Thursday. But the cut was jagged, and as of Thursday night, robotic submarines were wrestling to place a cap on the gushing well beneath the Gulf of Mexico. President Obama told Larry King he was "furious" about the situation, saying that BP hasn't moved fast enough......read more

SHFT Sampler 6-15-10

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Our weekly assemblage of links from around the web.

Oil gushers and global warming: The New Republic asks why we stink at dealing with ecological catastrophes. GOOOAAAAAL! Scoring green at the FIFA World Cup 2010. Tunto Design modestly describes its wooden LED1 lamp as "the best lamp in the world." It's hard to disagree. The hybrid goes virtual: Honda's CR-Z sport hybrid coupe makes debut at E3 video game expo. Gehry vs.......read more

SHFT Sampler 6-24-10

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Your weekly assemblage of links from around the web.

Visualizing the spill: From our friends at GOOD, an animated simulation of a 25,000-barrel oil spill — less than half the estimated daily amount gushing into the Gulf. Dropping the ball: A scathing account of the U.S. Interior Department's handling of the offshore oil industry. Oh phew, at least there's that: Oil-Splattered BP Promises Uninterrupted Flow of Art Funding. The type of......read more

Senators Discuss Potential Energy Bill

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Democrats announce willingness to scale back bill for Republican support.

A group of bi-partisan group of senators met with President Obama on Tuesday to discuss the proposed climate bill. After the meeting, Senators John Kerry and Joe Lieberman said that they were prepared to scale back the bill to in exchange for Republican support. While the exact details of the bill were not divulged, the shift in position includes a middle of the road compromise on how carbon will......read more

Obama Announces Solar Power Support

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The President declares federal loan guarantees for solar energy projects.

Good news for clean energy advocates, as Obama used his Saturday address to announce almost $2 billion in conditional loan guarantees to two solar energy companies. The beneficiaries are Abengoa Solar, whose planned Arizona solar plant will be one of the largest in the world, and solar panel manufacturer Abound Solar, which will build advanced panels at two new plants in Colorado and Indiana. Not......read more

Good Day Sunshine

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The president announces federal support for two solar energy companies.

Some welcome news from Washington, as President Obama announced Saturday that the federal government will provide nearly $2 billion in loan guarantees for new projects by two solar power companies. As many as 5,000 green jobs will be created by the guarantees, which are to be covered by money from the $787 billion Recovery Act stimulus package. Colorado-based Abengoa Solar, a division of Spanish......read more

Obama Issues New Offshore Drilling Ban

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But will the latest moratorium survive?

In Washington Monday, the Obama administration took another stab at halting offshore drilling in U.S. waters, announcing a six-month moratorium that's no longer based on water depth. The goverment's previous two moratorium orders were rejected by the courts. Echoing the sentiments of environmentalists, Interior Secretary Ken Salazar argued that the order is necessary because of......read more

Climate Legislation: Seizing the Chance

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Why diluting the climate bill is a bad idea.

It is undeniable that we need a climate bill to address the emissions that are causing global climate change. What is not so clear, however, is how to go about writing a law that is middle-ground enough to have a possibility of being passed -- without compromising its purpose. Thanks in large part to the Gulf oil spill, Obama currently has a wonderful opportunity to push for a hard-line......read more

The Spill and the American Psyche

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The leak is plugged. But is it too late to restore public confidence?

In the Gulf of Mexico, where tens of millions of barrels of oil have spewed into the sea, a ray of hope has come in the shape of a cap fitted onto the blown wellhead. The successful attempt to stop the gusher marks the end of nearly three months of futility. Around America, you can almost hear a collective sigh of relief. Almost. In the Week in Review in Sunday's New York Times, Peter......read more

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