SHALE GAS IS LOSER
US shale gas is the unexpected loser from President Barack Obama's climate plan, as the White House abandons its previous enthusiasm for natural gas as a cleaner alternative to coal.
Last year Mr Obama called natural gas from fracking a "bridge fuel" to smooth the transition from polluting coal to emission-free renewable energy. But the shale industry was left reeling by a sudden reversal on Monday.
In its landmark plan to cut greenhouse gas emissions from power plants, the Obama administration eliminated an earlier projection that natural gas would contribute much more electricity, and instead upped the role…
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