Liberal billionaire George Soros invested $234 million in a leading U.S. energy company during the second quarter of 2014, as that company revamped its portfolio to align more closely with Obama administration energy policies.
Democratic Senate candidates in coal-reliant states are turning to Sen. Elizabeth Warren (D., Mass.), a progressive favorite and potential 2016 presidential candidate, to give them a boost in closely contested races this fall.
West Virginian Natalie Tennant is the latest Democratic Senate candidate to publicly oppose a proposed regulation on coal-fired power plants while raising money from liberal groups that support the measure, according to reports and campaign finance records.
Labor unions criticized the Environmental Protection Agency’s new regulations on carbon emissions from power plants on Monday, highlighting growing tensions between the environmentalist and working class arms of the Democratic Party.
Sen. Mark Udall (D., Colo.) called the Environmental Protection Agency’s (EPA) plan to cut carbon emissions from power plants by 30 percent, which could cost industry $50 billion a year to comply, a “good start.”
The Obama administration released an aggressive plan Monday to reduce carbon emissions from power plants in the United States by 30 percent by the year 2030, a move panned by critics of executive overreach, vulnerable Senate Democrats, and the energy industry.