US energy policy

The cover story of the latest edition of Business Week (Asian edition) should be a bit of an eye-catcher for sustainable development types.

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Spurred on by the recent law suit filed against five power companies in the US by several states and the City of New York, this is a hard hitting story which shows that, even in the absence of a forward-looking energy policy on the part of the Bush administration, the private sector is not taking any chances. This is the best article on this topic in the mainstream media that I’ve read in a while, and it also contains some great graphics on the basic facts, the effects of global warming on the planet (including the retreating glaciers and ocean currents), what action companies are taking, the question of trading carbon credits, and the leadership from governments (or lack thereof).