Pennylvania officials faced with a $1.5 billion dollar budget shortfall are weighing options including a possible severance tax on gas drillers, an idea that Gov. Tom Corbett has opposed in the past, but now his spokesman says “all options will be considered,” The Wall Street Journal reports.
Coal-state Sen. Joe Manchin of West Virginia will debate climate change and carbon regulation issues with fellow Democrat Sen. Sheldon Whitehouse of Rhode Island on the chamber floor Wednesday night, The Hill reports.
WASHINGTON (AP) — Sanctions aimed at key economic sectors in Russia because of its threatening moves in Ukraine might be delayed because of positive signals from Russian President Vladimir Putin, according to Obama administration officials.
The United States and its European allies were finalizing a package of sanctions with the goal of putting them in place as early as this week, the officials and others close to the process said Tuesday. Penalizing large swaths of the Russian economy, including its lucrative energy industry, would ratchet up the West's punishments against Moscow.
The U.S. and Europe have already sanctioned Russian individuals and entities, including some with close ties to Putin, but have so far stayed away from the broader penalties, in part because of concern from European countries that have close economic ties with Russia.
Senators who have taken strong stands on energy exports had mixed reactions to news late Tuesday that the Commerce Department had approved the shipment of oil condensates by two U.S. companies.
Sen. Lisa Murkowski, R-Alaska, who backs the repeal of the nearly 40-year U.S. ban on crude exports, called the approvals a "reasonable first step" in that direction.
But Sen. Edward Markey, D-Mass., who supports the ban and also wants a ban on liquefied natural gas exports, called it a "slippery slope" to sending U.S. oil abroad when the country is still importing millions of barrels a day.
BILLINGS, Mont. (AP) — Wildlife advocates want a federal judge to order faster action on a recovery plan for imperiled Canada lynx, after wildlife officials said it could take until 2018 to finish the long-delayed work.
The U.S. government declared the snow-loving big cats a threatened species across the Lower 48 states in 2000. But officials haven't come up with a mandated recovery plan, citing budget limitations and competing concerns from other troubled species.
After a federal judge in Montana criticized the long delay, the U.S. Fish and Wildlife Service offered to complete the work by early 2018.
The Environmental Protection Agency would be forced to reveal the data it uses to write its rules, under a measure advanced by the House Science, Space and Technology Committee Tuesday that Republicans said would put a stop to what they call the EPA’s “secret science,” The Hill reports.
Despite the growth of the fossil fuel divestment movement – tracked in a report from the Divest-Invest coalition – the totals involved still pale in comparison to the overall money invested in the fossil fuel industry, which is valued in the trillions, according to National Journal.
Environmental campaigners are expressing fears about how possible Republican control of the Senate following the November elections could chip away at important regulations in the sector, The Hill reports.
The now familiar combination of ample supply alongside the expectation of “downbeat” demand weighed on oil prices again Monday. U.S. benchmark crude was down 50 cents to $91.91 a barrel in electronic trading on the Nymex ahead of the expiration of the October contract later in the day, while in London November Brent dropped 67 cents to $97.72, Reuters reports.
Even if pipeline infrastructure is expanded, and despite increasing concerns about safety, crude-by-rail transportation has become a permanent part of the U.S. energy industry landscape, experts tell The Wall Street Journal.
A new indictment handed down by a federal grand jury Friday adjusts the charges against David Rainey, a former BP executive who faces a March trial over claims he made false statements to Congress about the company’s 2010 Gulf of Mexico spill, The Associated Press reports.
With a Friday filing in bankruptcy court, Energy Future Holdings Corp. started the bidding process for the 80 percent stake it indirectly owns in the Texas transmission firm Oncor, likely to attract interest from NextEra Energy among other companies, The Wall Street Journal reports.