David Wood, the CEO and president of Murphy Oil Corp, unexpectedly resigned on Wednesday. The oil and gas company's former general counsel has assumed the position of CEO, The Wall Street Journal reports.
WASHINGTON (AP) — President Barack Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require agencies to periodically scrub their rule books in search of unnecessary mandates.
Gas stations are among the beneficiaries of the changes, as the EPA will repeal a requirement that gas stations in some states install vapor controls at the pumps.
Obama will sign the election-year executive order later Thursday that will force federal agencies to scrutinize old rules to determine which ones are justified and to issue regular reports on their progress.
With gas prices escalating and consumption of gas at the pump at an 11-year low, the nation's 110,000 independent gas station owners are feeling the pain, and say it's increasingly difficult to make a profit, especially with credit-card processing fees, The Wall Street Journal reports.
Finding solar imports from China and Taiwan were being sold too cheaply on the U.S. market, the Commerce Department has imposed a new round of duties, more than doubling for some Chinese products while Taiwanese producers face having to pay an extra 44 percent, Reuters reports.
The proposed Environmental Protection Agency rule limiting carbon emissions from power plants includes an incentive for development of regional systems for carbon trading, and top air regulators from Western states held a closed-door meeting last week to discuss the idea, Bloomberg reports.
A district court has rejected a ban on fracking imposed by the city of Longmont, in a ruling celebrated by the Colorado Oil and Gas Association, but a coalition of environmental groups says it will appeal, E&E reports.
Pemex said it lost more than $4 billion in the second quarter on higher costs and taxes, despite an increase in revenue, Reuters reports, noting that the Mexican state-run oil company anticipates 2014 will see its lowest output in more than 20 years.
Representatives from the Forest Service and the Bureau of Land Management were not invited to a House Natural Resources Subcommittee hearing Thursday where complaints were aired about their “bullying” tactics across the West, most recently in New Mexico, where ranchers charge their water rights are being violated by moves to erect fences to protect the habitat of the meadow jumping mouse, E&E reports.
At the current rate of work, it would take 30 years to repair and replace utilities’ aging natural gas pipelines around the country, but compressing that to 10 years would create more than 300,000 jobs and slash methane emissions, according to a report from the BlueGreen Alliance, FuelFix reports.
The U.S. produced more than 149 million gallons of biomass-based diesel in June, up more than 4 million from May, and the six month level was more than 70 million higher compared to last year, according to Environmental Protection Agency data, although average monthly production was down following the expiration of a tax credit at the end of December, Platts reports.
Ontario-based Algonquin Power & Utilities, following a rejection of its bids for Gas Natural, has written to the board warning that it will present its case to the company’s shareholders, Gannett’s Great Falls Tribune reports.