Four Senate Democrats proposed Wednesday that many of the railroad cars that carry crude oil be taken out of service immediately, that new cars be required to have electronically-controlled pneumatic brakes, and that there be new rules requiring that crude be made less volatile before shipment.
The proposal would immediately pull about 37,000 tanker cars from service as a "market signal" to get safer tankers manufactured, the senators said. The oil and rail industries were quick to raise doubts about the proposal.
PORTLAND, Maine (AP) — A proposed settlement fund for victims of a fiery oil train derailment that killed 47 people across the border in Quebec has grown to $270 million (U.S.) with a contribution from Irving Oil, a bankruptcy trustee said Monday.
A court filing Friday in Canada identified 22 parties who have agreed to contribute, including Irving, which previously balked but now says it's providing $60 million to the fund.
The fiery oil train derailment earlier this month in Galena, Illinois has triggered concerns among Chicago residents and officials about the safety of such trains rolling through the state’s largest city, the Chicagoist reports.
TORONTO (AP) — Canada needs to implement tougher standards for oil trains earlier than a 2025 target, the transportation safety board said Tuesday.
The government proposed tougher standards for tank cars this month in response to a string of fiery crashes. The new proposal would require the cars to have a layer of thermal protection and thicker steel walls. It said the new standards should be phased in by 2015.
Oil companies shouldn’t compromise safety even as they slash spending to maintain their bottom lines in the face of falling oil prices, the head of the Association for Energy Service Companies told Bloomberg.
An appeals court ruled Wednesday that BP should not be charged with “seaman’s manslaughter” in connection with the Deepwater Horizon disaster, upholding a judge's earlier ruling, The Associated Press reports.
Plants would no longer be exempt from air pollution regulations when they’re starting up, shutting down or malfunctioning, under a new regulation from the Environmental Protection Agency, The Hill reports.
A series of major energy and environmental regulations will be published by federal agencies between June and August, including the Environmental Protection Agency’s rules limiting power plant carbon emissions, the Interior Department’s rule protecting streams from mountaintop removal coal mining, and the Obama administration strategy for cutting methane emissions, The Hill reports.
A group of senators - 17 Democrats and Independent Bernie Sanders - has written to Interior Secretary Sally Jewell, asking her to stop Royal Dutch Shell or anyone else from drilling in the Arctic, Reuters reports.
The reaction in Washington to this week’s oil spill off the coast of Santa Barbara has been muted, National Journal reports, despite wishes expressed by environmentalists that the incident generate backing for policies moving the country away from fossil fuels.
A website set up by Sens. James Lankford, R-Okla., and Heidi Heitkamp, D-N.D., to collect grievances about federal regulation and bureaucracy has received complaints about a wide variety of the Environmental Protection Agency’s pending regulations, E&E reports.
Mississippi electric power cooperatives are backing away from a deal in which they would take 15 percent ownership of the Kemper County coal plant that will use carbon capture technology, because they said the power it generates would end up being too expensive, E&E reports.
A stronger dollar combined with the drop of only 1 oil rig in Baker Hughes’ weekly count sent crude prices sliding Friday. Benchmark West Texas Intermediate crude lost 1.6 percent, or $1, to settle at $59.72 a barrel on the Nymex, while in London, Brent was $1.17 , or 1.8 percent, lower, at $65.37, The Wall Street Journal reports.
Standard & Poor’s thinks oil companies that have managed to survive the slide in crude prices by borrowing more money may start running into trouble in the coming months, particularly if the price stays in the $50 range, FuelFix reports.
A new analysis concludes that wells in Mountrail and McKenzie counties in North Dakota’s Bakken Shale are productive enough to remain profitable even with oil prices around $60 a barrel, FuelFix reports.
With oil prices dramatically lower than a year ago, AAA predicts that more than 37 million people will travel more than 50 miles over the Memorial Day weekend - the most since 2005, The New York Times reports.