Natural gas legislation introduced

Senators Harry Reid, Robert Menendez and Orrin Hatch, accompanied by Texas oilman T Boone Pickens on Wednesday introduced newly proposed a Natural gas legislation that will encourage the development and purchasing of natural gas vehicles.

G8 agrees on 2 degrees celsius limit for global warming

The Group of Eight nations agreed on Wednesday to try to limit global warming to 2 degrees Celsius and cut its greenhouse gas emissions by 80 percent, but failed to convince India and China to join them during a meeting in L'Aquila, Italy.

U.S. oil industry calls for more domestic drilling

The head of the American Petroleum Institute Jack Gerard, representing the U.S. oil industry, called for more drilling to bring additional domestic energy supplies to the marketplace and said the Waxman-Markey clean energy bill was a step in the wrong direction.