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.
Jon Carson, ex-Obama campaign strategist, will be helping SolarCity to find creative ways of persuading people to put solar panels on their roofs, instead of relying on traditional advertising, The Washington Post reports.
The Desert Renewable Energy Conservation Plan unveiled earlier this year, which would encourage development of wind, solar and geothermal projects over millions of acres in California, says little about how the generated power will be distributed, which could see battles over siting new transmission lines, The Desert Sun reports.
The National Hockey League has a big climate change goal for its current season: To work with Constellation, an energy services firm, to cut carbon emissions and offset the rest in order to achieve carbon neutrality, National Journal reports.
Shell’s decision on whether to proceed with Arctic drilling, expected sometime between now and March, will likely be made more on the basis of court rulings and government reviews rather than oil prices, officials have told Platts.
Rep. Jason Chaffetz, R-Utah and the next chairman of the House Oversight Committee, says Rep. Cynthia Lummis, R-Wyo., will head up a new subcommittee charged with monitoring Obama administration environment and energy policies, The Hill reports.
In the Texas legislature, Rep. Phil King has introduced measures that would require local fracking bans to get approval from the state Attorney General, with communities having to bankroll impact studies and reimburse lost tax revenue, FuelFix reports.
Federal agencies would have to assess the impact projects would have on climate change as part of their reviews under the National Environmental Policy Act, under draft guidelines the White House released Thursday, National Journal reports.
The Environmental Protection Agency would limit the amount of mercury, dioxins, acid gas and other substances used in the process of making bricks and clay, under a prospective rule published in the Federal Register that is open for public comment for 60 days, The Hill reports.