“Obama’s re-election . . . provides the basis for positive movement on clean tech and climate action once the new Congress meets,” the banking giant HSBC’s global research group told investors in a research note. But it added, “Silence on climate issues during the campaign until the onset of Hurricane Sandy and continued Republican majority in the House means that scope for strategic action will remain limited.”
The Environmental Protection Agency will continue to issue regulations curbing fossil fuel production and promoting energy efficiency, according to people who have spoken with senior administration officials but asked not to be identified. Within the next few months, the agency will probably finalize the first carbon standard for new power plants, along with tighter restrictions on soot emissions from all utilities.
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