CS Sunday: Leak Capped

Clean Skies News

by Clean Skies News

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A new deep water drilling moratorium, the leak finally capped. But is the environmental - and economic - damage so great that it will take years and years to repair? We talk with Ed Overton, professor emeritus at Louisiana State University for environmental sciences. He says the environment will heal itself but not anytime soon. Will BP itself be a casualty of its own leak? Tyler Suiters looks into speculation that the oil giant could have to sell off assets to pay for the damage done by the leak and explosion, and what that company's financial troubles could mean for American's pension and retirement funds. The last IPCC report on global warming came under fire, criticism and investigations that lead scientists lied, hid evidence that researchers did not want made public. Numerous investigations have cleared those scientists and the result of the report, but credibility may have been damaged. Now a new team is leading the next global report. We sit down with one of the lead authors, EPRI's Steven Rose, to discuss what needs to be done to restore public confidence, what the new report will and should focus on, and what he hopes to accomplish. Can natural gas be the transportation fuel of the future. One new study says it can certainly be the bridge fuel - so long as it's in the liquid form. Lee Patrick Sullivan heads to California and the ports of Long Beach and Los Angeles where some of the biggest, cleanest big rigs rumble. These rigs use use Liquefied Natural Gas instead of diesel, and surprising are just as powerful and can haul as much cargo as a traditional semi. And the fuel costs less. But the rigs cost more. Some of America's biggest companies are helping out with the cost. And this was to be supposed to be a good summer for ethanol producers. Earlier this year the EPA signaled it was ready to boost concentrations of ethanol blended in gasoline, starting in June. The industry says that would have added more than 135,000 jobs. But last month, EPA administrator Lisa Jackson delayed ...