Uncertainty over the credit had lingered for a while, causing the industry to put off long-term planning. So while the now-approved tax credit revives prospects for an industry facing tens of thousands of layoffs, don't expect to see many new turbines coming up soon.
The owner of the Deepwater Horizon rig where 11 men died in April 2010 has agreed to pay criminal and civil penalties to resolve Justice Department allegations over its role in the Gulf of Mexico oil spill.
An oil drilling rig holding more than 150,000 gallons of diesel, lubricating oil and hydraulic fluid has run aground near Kodiak Island in the Gulf of Alaska, after it was being towed during a storm. The crew was evacuated before the rig was incapacitated.
This year's weather will be one for the record books; 2012 is slated to be the hottest summer on record. "We've already passed all kinds of tipping points," environmentalist Bill McKibben says. He's wondering if President Obama will take a different approach to climate change in the coming year.
The Keystone pipeline is supposed to carry tar sands oil from Canada to Texas — a route that runs right through David Daniel's land. To try to save his woods from bulldozers, Daniel built tree houses 80 feet in the air and protesters climbed up into them.
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