Climate debate kicks off in Senate
The U.S. Senate began debating the climate bill on Tuesday with hearings from four high-ranking officials; U.S. Energy Secretary Steven Chu, Interior Secretary Ken Salazar, Agriculture Secretary Tom Vilsack and Environmental Protection Agency Administrator Lisa Jackson.

General Motors keeps production of plug-in SUV on track
General Motors is on track to launch a plug-in sport-utility vehicle in 2011, the automaker's product chief told Reuters today.

Conoco forecasts Q2 refining battered by fuel margins
ConocoPhillips, the third largest oil company in the U.S., said today its second quarter refining results will suffer from high inventory levels and weak global margins for fuels.