Word: gas
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...Meanwhile, America’s strongest allies in Western Europe—particularly Germany—have been reluctant to criticize the post-Soviet oligarchy (or “managed democracy”) that supplies them with vital natural gas. This divide has persisted even in spite of a recent announcement by President Dmitri Medvedev that Russia would embark on a massive new spending and modernization scheme for its outdated military. Therefore, a new energy security policy—one that effectively minimizes the risk of overt dependency on Russia while investing in alternative and renewable technologies—should...
...assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last year, and its share price has fallen to as low as $1.27 from a high of $35 three years ago. The company has been criticized for failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing it to cede U.S. market share to foreign competitors such as Toyota. In particular, analysts have recently attacked Wagoner for the restructuring plans he enacted during his eight-year term as CEO, which included dozens of plant closures and thousands...
...parking discounts, The Charles is honoring Earth Day by opening a “juice bar” in the garage, where customers can charge their hybrid and electric cars for free. The hotel will also offer a complimentary bicycle program, allowing its guests to explore Boston without guzzling gas. The Charles is not the only Boston hotel with an environmental conscience. The Seaport Hotel near Logan International Airport is offering complimentary parking for hybrid cars during the entire month of April. “We’re strongly motivated by environmental concerns,” said Matthew...
...House produced a long-awaited bill to regulate 85% of U.S. greenhouse-gas emissions, anteing up for what promises to be long, high-stakes negotiations with the Senate and business groups alarmed at the $1 trillion price tag that some estimate such an effort could entail. The effects of the already intense lobbying were felt across the Capitol, where the Senate the same afternoon passed by an overwhelming margin an amendment resolving that any energy legislation should not increase electricity or gas prices. As it stands now, energy-price hikes are unavoidable under most of the climate-change plans swirling...
...wait for the House to act rather than draft its own bill. And there remain many holes to be filled in the House bill. The Waxman-Markey bill, for instance, doesn't tackle nuclear power, a key issue for Republicans. And it doesn't set specific timetables for greenhouse-gas reductions or address international concerns about how the U.S. would handle climate change across borders...