Obama to continue efforts to curb greenhouse gases, push energy efficiency
By Juliet Eilperin and Steven Mufson, Published: November 7
President Obama’s reelection, along with key wins by Senate Democrats, ensures that the federal government will press ahead with efforts to promote renewable energy and energy efficiency and to curb greenhouse gas emissions linked to climate change.
But the scope of these policies could be constrained by congressional opposition and by concern over their economic impact, making it likely that a second Obama term will deliver some, but not all, of environmentalists’ top priorities.
Investors were quaking already, pummeling shares of coal-mining companies that waged a vigorous advertising battle against Obama’s reelection and which are potential casualties of any curbs on greenhouse gas emissions. Shares of Peabody Energy fell 9.6 percent Wednesday, Arch Coal plunged 12.5 percent, Consol Energy dropped 6.1 percent, and Alpha Natural Resources sank 12.2 percent.
“What we expect is the president to deliver on climate, roll up his sleeves and build on the modest success of what he’s done so far,” said Michael Brune, Sierra Club executive director, adding, “There’s a great overlap between what we want and what we think we will get” in a second term.
1. Sounds like it's really too soon to tell what Obama will really do
or be able to do.
Everyone is declaring victory in the article...
Jack N. Gerard, president of the American Petroleum Institute, said a second Obama term could be good for the oil and gas industry. Though a sharp critic of Obama, Gerard said that “the president’s views have moved 180 degrees from where they were two years ago. The president is now actively articulating an energy vision, ‘all of the above,’ which includes oil and gas as the first two he talks about.”
Gerard said that the API money spent during the campaign was well spent because it made energy issues more central. “Energy has won,” he said.