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Climate Deal’s First Big Hurdle: The Draw of Cheap Oil

Posted by Dustin Robinson on January 26, 2016 at 1:59 PM

Originally published on January 25, 2016 on The New York Times by Clifford Krauss and Diane Cardwell. 

Barely a month after world leaders signed a sweeping agreement to reduce carbon emissions, the global commitment to renewable energy sources faces its first big test as the price of oil collapses.

Buoyed by low gas prices, Americans are largely eschewing electric cars in favor of lower-mileage trucks and sport utility vehicles. Yet the Obama administration has shown no signs of backing off its requirement that automakers nearly double the fuel economy of their vehicles by 2025.

Read the full story: http://www.nytimes.com/2016/01/26/business/energy-environment/climate-deals-first-big-hurdle-the-draw-of-cheap-oil.html?_r=0