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...unveiling on Wednesday morning of the Senate's long-awaited draft legislation to reduce U.S. carbon emissions and shift the country to a clean-energy economy signals that Washington is inching ever closer to addressing global warming. The sweeping bill, sponsored by Democratic Senators Barbara Boxer and John Kerry, will cut U.S. greenhouse-gas emissions 20% below 1990 levels by 2020, and 83% by 2050 - targets that in the short term are a bit more ambitious than a similar carbon cap-and-trade bill passed by the House two months ago. "This is the beginning of one of the most...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

...from large emitters - primarily power plants - that emit 25,000 tons of greenhouse gases or more. The rule is the latest step in the EPA's response to a 2007 Supreme Court case that classified carbon dioxide and other greenhouse gases as pollutants that required EPA regulation under the Clean Air Act. The proposed rule will oblige those large emitters to get permits that demonstrate they are using the best available technology for controlling carbon whenever they engage in new construction or upgrading. "By using the power and authority of the Clean Air Act, we can begin reducing emissions from...

Author: /time Magazine | Title: Proposed U.S. Carbon Cuts: All Bark, No Bite? | 10/1/2009 | See Source »

...have to be kidding me. This is everything that is wrong with the green initiatives in the house. Will making it annoyingly hard for me to clean the sauce off my mouth save a napkin or two? Maybe. Will it be hugely inconvenient and only save resources through impractical methods...

Author: By Esther I. Yi | Title: Wipe That Off Your Face | 10/1/2009 | See Source »

...beard should have given him away. When Bank of America CEO Kenneth Lewis returned from vacation in Aspen, Colo., last month, the clean-cut Southerner was sporting scruff for the first time in memory. That wasn't the last change he had in store: on Sept. 30, Lewis unexpectedly announced he will step down by the end of the year, leaving the giant bank scrambling to find a successor. The 62-year-old garnered plaudits as he climbed the firm's rungs over 40 years, but he has absorbed a series of blows for his stewardship of the company during...

Author: /time Magazine | Title: Outgoing Bank of America Boss Kenneth Lewis | 10/1/2009 | See Source »

...conservation measures on the books has been slow to nonexistent. In the absence of effective public management, some 14 local environmental groups have been working in different ways to preserve the waters; a few have even filed lawsuits against local and state governing boards seeking urgent judicial intervention to clean up Udaipur's lakes and check the flow of pollutants into these water bodies. Following up on suits that began in 1982, the state's high court directed the government in 2007 to consider establishing a Lakes Development Authority, implement a "no-construction zone," undertake continuous de-silting steps...

Author: /time Magazine | Title: Saving India's Endangered Lakes | 9/30/2009 | See Source »

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