Tuesday, June 25, 2013 |
Obama to outline new climate change plan Top news: U.S. President Barack Obama is expected to make a major push to address climate change on Tuesday, outlining a series of executive actions designed to curb carbon emissions. The plan, to be laid out in a speech at Georgetown University, is the president's most ambitious effort to confront what he has called "the global threat of our time" since he backed a failed cap-and-trade bill in 2009. Tellingly, it requires no congressional action. Among the measures Obama is expected to announce is a presidential memorandum directing the Environmental Protection Agency (EPA) to establish emissions standards for new and existing power plants. The directive will require the EPA to work with state governments and industry to draw up the new regulations, which could potentially force utility companies to shutter coal power plants in favor of cleaner energy sources. (Coal company shares took a tumble on Monday in anticipation of Obama's speech.) Additionally, the president is expected to roll out up to $8 billion in loan guarantees for advanced fossil fuel efficiency projects, as well as fast-track permits for renewable energy projects on public lands. Time has a full list of presidential actions to be announced today. Snowden Affair: Both Russia and China on Tuesday pushed back against U.S. criticism of their role in Edward Snowden's flight from Hong Kong to Russia, saying they had no hand in the NSA leaker's travel arrangements. WikiLeaks founder Julian Assange, meanwhile, has made no secret of his involvement in the plot to ferry Snowden to freedom in Ecuador, where he has requested asylum. Speaking from his hideout in the Ecuadoran Embassy in London, Assange told reporters that Snowden is in a "safe place" and "bound for Ecuador via a safe path through Russia and other states."
-By Ty McCormick Getty Images
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