US eases sanctions, allowing investment in Myanmar

Oil   Policy
By Matthew Pennington on July 11, 2012

WASHINGTON (AP) — The Obama administration gave permission Wednesday for American companies to invest in Myanmar and work with its state oil and gas enterprise, a go-ahead that marks the most significant easing of U.S. sanctions against the former pariah nation.

But the decision exposes differences with democracy leader Aung San Suu Kyi, long a guiding force on U.S. policies toward Myanmar, which also is known as Burma. Last month she advised foreign companies not to invest in Myanma Oil and Gas Enterprise until it became more accountable and open.

Tags: 
Myanmar
Burma
Obama administration
Aung San Suu Kyi
Myanma Oil and Gas Enterprise
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email sales@packardmedia.com.

To start your free 14-day trial, fill in the form below.

News from Around the World

Politics

Senate Energy approves Federal Helium Reserve overhaul

Source: 
Roll Call

The Senate Energy and Natural Resources Committee approved a bill that would alter the sale of helium from the Federal Helium Reserve, Roll Call reports.

Link
Policy

Groups sue EPA for smog rule delay

Source: 
The Hill

A number of environmental and health groups filed a lawsuit against the Environmental Protection Agency to force a review of the agency's smog pollution standards, The Hill reports.

Link
Electricity

EIA: Coal exports at record high in March

Source: 
FuelFix

The Energy Information Administration said the U.S. exported a record 13.6 million short tons of coal in March, FuelFix reports.

Link
Environment

House to debate conservation in farm bill amendments

Source: 
E&E

Amendments to the House version of a five-year farm bill up for debate would require farmers to follow conservation guidelines to qualify for crop insurance subsidies, E&E reports.

Link
Politics

Obama's nuclear plans would have trouble passing Senate

Source: 
Roll Call

President Obama's proposed treaty with Russia to reduce nuclear arms by one-third would have trouble passing the Senate, Roll Call reports.

Link
Nuclear

NRC proposes $70K fine for TVA's Watts Bar violations

Source: 
The Associated Press

The Nuclear Regulatory Commission proposed charging the Tennessee Valley Authority a $70,000 fine for quality violations at the Watts Bar Nuclear Plant, The Associated Press reports.

Link
Policy

Cement company agrees to EPA air pollution settlement

Source: 
The Associated Press

Ash Grove Cement Co., based in Kansas, agreed to pay a $2.5 million penalty and invest $30 million in air pollution controls to settle EPA air pollution allegations, The Associated Press reports.

Link
Renewable Energy

Tesla announces recall for some Model S cars

Source: 
Blooomberg

Tesla Motors Inc. announced a recall of 1,228 Model S sedans after discovering a potentially dangerous manufacturing flaw, Bloomberg reports.

Link
Nuclear

Environmental group hits Graham for MOX project support

Source: 
The Associated Press

Friends of the Earth aired a television advertisement criticizing Sen. Lindsey Graham, R-S.C., for supporting the Savannah River MOX facility in his state, The Associated Press reports.

Link
Oil

Bank: Oil sands needed as shale output becomes expensive

Source: 
Bloomberg

Canadian investment bank Peters & Co. said the United States will need to import crude from Canadian oil sands as the current surge in shale oil will be too expensive to keep up, Bloomberg reports.

Link
  • © 2013 Packard Media Group LLC
  • All Rights Reserved