Citing climate change fears, Oakland turned its back on a proposed Bowie Resource Partners project despite the economic benefits the coal export operation would have brought to the community, part of a trend across the Pacific Northwest, Bloomberg reports.
A report released in April by the Environmental Protection Agency cited Puna Geothermal Venture for 14 violations, including failing to perform timely maintenance and testing on its wells, the Hawaii Tribune-Herald reports, adding that the company wouldn’t comment publicly until it filed its response with the agency.
COLUMBUS, Ohio (AP) — The Ohio House is preparing to vote on legislation raising Ohio's tax on oil and gas drilling.
The measure cleared a committee Tuesday by a single vote despite objections from Democrats and anti-tax Republicans. The full House is expected to vote Wednesday.
The bill imposes a 2.5-percent severance tax on horizontal wells, including those extracting resources through hydraulic fracturing, or fracking. That tax is less than the 4 percent Republican Gov. John Kasich wanted but more than the industry would've liked.
The Senate ended up tied in a partisan knot over a voluntary energy efficiency incentives bill, but the push by Republicans and some Democrats to vote on the Keystone XL pipeline that sidelined that bill isn't extending yet to an $85.3 billion measure to renew expired renewable energy and other tax breaks for two years.
The debate is more likely to feature arguments over the inclusion of the renewable energy production tax credit that primarily helps wind development, which has been in the sights of free market groups who say it distorts electricity markets, a claim disputed by the wind industry. The two-year renewal would be worth $13.3 billion.
Germany has turned to its universities for assistance in its mission to run entirely on green energy by the middle of the century, where some find the challenge to be social and economic rather than resting solely on new technology, The Chronicle of Higher Education reports.
Clarifying controversial remarks about climate change he made on a Sunday talk show, Sen. Marco Rubio, R-Fla., said at the National Press Club Tuesday that he does acknowledge climate is changing, but he doubts that making adjustments to energy policy will affect it, The Hill reports.
Prosecutors in the U.S. are looking to get more than $3.5 billion in penalties from the bank BNP Paribas SA for its dealings with Iran, Sudan and other sanctioned countries, people with information about the situation told Bloomberg.
The Senate vote Monday that failed to advance the Shaheen-Portman energy efficiency bill revealed a split among its 14 co-sponsors, with three Republican supporters voting against a motion to end a Republican filibuster and move to final passage.
Among the others, 10 voted to stop the filibuster, leaving Sen. Lisa Murkowski, R-Alaska, as the only one of the group to miss the vote. It was unclear which group she would have joined, as she declined on Tuesday to say whether how she would have voted on the motion.
"I have not said how I would have voted," she remarked in the Capitol.
Sluggish demand, higher North American production, an increase in gasoline inventories and a stronger dollar are pushing oil prices down, so far more than 4 percent lower on the week. U.S. benchmark crude for September delivery dropped 64 cents to $97.53 in electronic trading on the Nymex, while Brent crude was 18 cents lower in London, to $105.84, Bloomberg reports.
The U.S. response to improving its nuclear power industry in the wake of the disaster at Fukushima Dai-ichi three years ago has so far cost around $3 billion, with the most important objective to guarantee that reactors and spent fuel would stay cool even in extreme conditions, an official told the Nuclear Regulatory Commission Thursday, Platts reports.
The Environmental Protection Agency’s water office will have no official leader, now that acting Assistant Administrator Nancy Stoner is departing and nominee Ken Kopocis, who has been awaiting confirmation for more than 1,100 days, is still facing hostility from Republican senators opposed to the EPA’s rule known as Waters of the United States, or WOTUS, E&E reports.
Exelon Corp. will buy Integrys Energy Services from its parent Integrys Energy Group for $60 million, adding the unit – which has 1.2 million customers in 22 states and Washington, D.C. – to its Baltimore-based business arm Constellation, the Green Bay Press-Gazette reports.
In the wake of propane shortages caused by last winter’s bitter cold, Midwestern lawmakers from both sides of the aisle – Sen. Al Franken, D-Minn., Sen. Tammy Baldwin, D-Wisc., and Sen. Rob Portman, R-Ohio – have joined forces to introduce a bill intending to better information on propane supply and pricing, improve coordination in response to shortages and help farmers get tanks for the fuel, The Hill reports.
Continuing on with its focus on increasing its returns, Occidental Petroleum reported a gain in net income that also beat analysts’ expectations, to $1.43 billion, or $1.82 a share in the second quarter, FuelFix reports.
Lower natural gas prices and higher operating costs hurt the bottom line for Southwestern Energy in the second quarter, as the oil and gas company said its second quarter profit dropped 16 percent, falling to $207 million, or 59 cents a share, despite increased production in the Fayetteville and Marcellus Shale plays, The Wall Street Journal reports.
The system at Goldman Sachs N.Y. headquarters, where ice is frozen in tanks at night and used the next day in its air conditioning, is an example of how thermal storage can save money and use energy more efficiently, Bloomberg reports.
The Kurdistan Regional Government is loading a fifth shipment of oil at the Turkish port of Ceyhan, having sent it there through an independent pipeline, despite Iraq appearing to have successfully blocked the unloading of another tanker's cargo of Kurdish crude in Galveston through moves in the Texas courts, The Wall Street Journal reports.