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Obama will order Thursday changing or eliminating a handful of regulations — from uniform street sign requirements to outdated hospital reporting rules — that his administration says could have cost the economy $6 billion over five years, part of a regulatory overhaul that will require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.
The Senate Energy and Natural Resources Committee will consider seven nominees for positions at the Interior Department and Energy Department today, representing a major reshuffle of leadership at the departments, The Hill reports.
Navy Secretary Ray Mabus announced the branch is moving forward with an initiative with the Agriculture Department to make more regular purchases of bulk biofuels to power naval aircraft and vessels, the San Diego Union-Tribune reports.
The Environmental Protection Agency proposed nine sites nationwide for Superfund designation, including a New York City industrial site once used to process radioactive substances, The Associated Press reports.
Organizing for Action, the advocacy formed from President Obama's reelection campaign, has launched a petition to support the administration's recent change to the "social cost of carbon" metric used to calculate the benefit of regulations, National Journal reports.
The inclusion of the U.S.-Mexico Transboundary Hydrocarbon Agreement in a bipartisan budget deal won praise from oil industry groups and puts Congress on track to ratify the treaty before Jan. 17, FuelFix reports.
The U.S. Court of Appeals for the District of Columbia rejected the Environmental Protection Agency's rule allowing approval of certain heavy-duty truck engines that didn't meet 2001 emission standards, E&E reports.
University of Toronto chemists have discovered perfluorotributylamine, a made-made chemical that can exist as a greenhouse gas 7,000 times more potent than carbon dioxide and can linger in the atmosphere for 500 years, the Toronto Star reports.