Energy & Environment Correspondent
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Dec 6, 2012

Exclusive: U.S. seen extending Iran sanction waivers

WASHINGTON (Reuters) – The United States will likely give on Friday another six-month reprieve from financial sanctions to India, South Korea, Turkey and others because they have reduced their purchases of crude oil from Iran, two U.S. government sources said on Thursday.

The United States has worked this year with all of Iran’s major oil buyers in an effort to rein in Tehran’s nuclear ambitions by cutting revenue from oil sales. All of the buyers are expected to eventually receive the waivers to sanctions, known as “exceptions”, in exchange for cutting purchases of oil from Iran.

Dec 5, 2012

U.S. expects buyers of Iran’s crude to deepen cuts

WASHINGTON, Dec 5 (Reuters) – The United States expects
countries that buy oil from Iran to further reduce their
purchases if they want to avoid U.S. sanctions, a State
Department source said on Wednesday.

“The law requires additional cuts so we expect buyers to
make additional cuts,” a source at the State Department said
about the U.S. sanctions law signed a year ago by President
Barack Obama.

Nov 30, 2012

Senate approves new sanctions for Iran energy, shipping

WASHINGTON (Reuters) – The U.S. Senate resoundingly approved on Friday expanded sanctions on global trade with Iran’s energy and shipping sectors, its latest effort to ratchet up economic pressure on Tehran over its nuclear program.

The new package, which keeps in place exemptions for countries that have made significant cuts to their purchases of Iranian crude oil, would be the third round of sanctions in a year if passed into law.

Nov 29, 2012

Lifting BP ban will be more than simple agreement: source

WASHINGTON (Reuters) – U.S. officials were surprised that BP Plc suggested an agreement would soon be ready to lift a suspension imposed this week on the company’s obtaining new federal contracts, a government source said on Thursday.

“It caught us off guard,” the source said. “It’s not the case that there is an administrative agreement that is ready to go out the door right now,” the source said, adding that any administrative agreement will only be part of a several-step process that could take months.

Nov 29, 2012

Lifting BP ban will be more than simple agreement – U.S. source

WASHINGTON (Reuters) – U.S. officials were surprised that BP Plc suggested an agreement would soon be ready to lift a suspension imposed this week on the company’s obtaining new federal contracts, a government source said on Thursday.

“It caught us off guard,” the source said. “It’s not the case that there is an administrative agreement that is ready to go out the door right now,” the source said, adding that any administrative agreement will only be part of a several-step process that could take months.

Nov 29, 2012

Senators push Obama to propose clean gasoline rules

WASHINGTON, Nov 29 (Reuters) – A group of Democratic
senators on Thursday will urge the Obama administration to
propose rules to cut smog-forming emissions from gasoline,
regulations opposed by many Republicans.

The lawmakers, led by Senator Kirsten Gillibrand from New
York, want the Environmental Protection Agency to propose rules
that would slash the sulfur content in gasoline this year and to
finalize them next year.

Nov 28, 2012

U.S. bans BP from new government contracts after oil spill deal

WASHINGTON (Reuters) – The U.S. government banned BP Plc from new federal contracts on Wednesday over its “lack of business integrity” in the Deepwater Horizon oil spill in 2010, a move that could imperil the British energy giant’s U.S. footing.

The suspension, announced by the U.S. Environmental Protection Agency, comes on the heels of BP’s November 15 agreement with the U.S. government to plead guilty to criminal misconduct in the Gulf of Mexico disaster, the worst offshore oil spill in U.S. history. BP agreed to pay $4.5 billion in penalties, including a record $1.256 billion criminal fine.

Nov 28, 2012

US bans BP from new govt contracts after oil spill deal

WASHINGTON, Nov 28 (Reuters) – The U.S. government banned BP
Plc from new federal contracts on Wednesday over its
“lack of business integrity” in the Deepwater Horizon oil spill
in 2010, a move that could imperil the British energy giant’s
U.S. footing.

The suspension, announced by the U.S. Environmental
Protection Agency, comes on the heels of BP’s Nov. 15 agreement
with the U.S. government to plead guilty to criminal misconduct
in the Gulf of Mexico disaster, the worst offshore oil spill in
U.S. history. BP agreed to pay $4.5 billion in penalties,
including a record $1.256 billion criminal fine.

Nov 16, 2012

US upholds ethanol mandate, says doesn’t harm economy

WASHINGTON, Nov 16 (Reuters) – The United States on Friday
upheld its program to turn a large share of the corn crop into
ethanol for motor fuel, saying it did not cause undue economic
harm despite steep competition for depleted U.S. grain supplies
after the worst drought in 50 years.

In August, as the drought seared the Midwest, the governors
of several livestock producing states including Georgia and New
Mexico asked the Environmental Protection Agency to suspend the
ethanol mandate. They said it pushed up prices for feed grain
and squeezed producers’ profits.

Nov 16, 2012

Less fortunate in U.S. hit hardest by extreme weather-report

WASHINGTON (Reuters) – U.S. droughts, floods and heat waves likely fueled by climate change in the last two years hit the people who can afford it the least – the poor and middle class, a report published on Friday said.

In affected areas of U.S. states hit by five or more extreme weather events in the last two years, the median annual household income was a bit over $48,000, or 7 percent below the national median, according to the report by the Center for American Progress, a liberal think tank with close ties to the White House.

    • About Timothy

      "I cover U.S. energy and environment policy and climate change. Moved to DC in late 2009 after a decade in New York. Author of "Diminishing Resources:Oil," which is one in a series of books for young adults."
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