As Republican talk on the campaign trail intensifies about cutting billions of dollars in drilling tax breaks, the industry's main trade group on Thursday made clear that Big Oil is not yet ready to embrace the loss of deductions in return for lower corporate rates.
"We understand that during the dynamic of a tax reform scenario, the industry will be impacted, just given the size and scope of our industry," said Brian Johnson, senior tax adviser at the American Petroleum Institute, during a media briefing.
With new momentum in his race for the White House, Mitt Romney is moving to highlight his opposition to President Barack Obama's green energy and oil drilling policies, with some fresh help from his allies in Congress.
Polling has not shown voters to rank energy issues among their top concerns, despite high gasoline prices.
Riding off his debate performance last week, Mitt Romney took questions with Gov. Chris Christie about energy policy and other issues at a town hall meeting in order to gain ground in Ohio, The Hill reports.
The U.S. Supreme Court decision on the Environmental Protection Agency’s Mercury and Air Toxics Standards did not throw out the rule itself, offering no legal guidance on the standing of the EPA’s attempt to limit power plant carbon emissions, E&E reports.
Despite Dominion Virginia Power unveiling new routes for a proposed high-voltage power line through Prince William County, critics are continuing to question the need for it, The Washington Post reports.
Wisconsin Energy Corp. may have followed through on its decision to change its name to WEC Energy Group Inc., but it hasn’t found a new location for its headquarters, the Milwaukee Business Journal reports.
Hot weather has prompted the California Independent System Operator to issue a Flex Alert for the first time in two years, calling on electricity customers to cut back on their power usage, KRON reports.
The permission the U.S. Fish and Wildlife Service granted to Shell to operate two exploratory wells in the Chukchi Sea this summer will only allow drilling at one of them at any one time, FuelFix reports.
Nine states, led by South Carolina, filed suit in Georgia against the Environmental Protection Agency’s Clean Water Rule, bringing the total number of states taking legal action over the regulation to 27, The Hill reports.
Ahead of Canada’s parliamentary elections, opposition leader Justin Trudeau has made several environmental promises, including a pledge to continue the country’s focus on climate change and one to spend hundreds of millions to support clean energy, the CBC reports.
The narrow window for Shell to drill exploratory wells in the Arctic could become even smaller as a result of sea ice clogging the area around the Chuckchi Sea’s Burger prospect, where the company is planning to conduct its operations, FuelFix reports.
United plans to become the first U.S. airline to operate a regularly scheduled commercial domestic flight using alternative fuels, and also will announce Tuesday a $30 million investment in Fulcrum BioEnergy, The New York Times reports.