Money

A program that had been established five years ago by the North Dakota Farmers’ Union (NDFU) to issue carbon credits to farmers has been left without the necessary funds thanks to the failure of the U.S. Congress to pass a climate bill this year.

If researchers at the University of California, Davis (UC – Davis) are correct, the world could run out of oil close to 100 years before alternative fuels are ready to take over.

As we’ve reported several times here on EnergyBoom, the United States’ congress failed to pass climate legislation this year, leaving the country without a solid, up-to-date plan for dealing with the threat of climate change.

Speaking at a conference in Waterloo, Ontario, Environment Minister Jim Prentice outlined how Canada will dole out CDN$400 million in donated funds to help fight climate change.

Committed in June at the G8/G20 summit, the donation, which is part of a US$30 billion international fund for developing nations, is the largest in Canadian history.

To anyone familiar with how modern-day politics works, it should come as no surprise to learn that big business spent big bucks to defeat the climate bills that became stalled in the U.S. Congress this past summer.

In a little-noticed address at this year’s Clinton Global Initiative, former U.S. President Bill Clinton addressed the issue of climate change stating that natural disasters across the globe will increase in frequency and intensity as climate change takes effect.