WASHINGTON (Reuters) – As Arctic ice melts away, opening the way for greater oil development and mining, the White House outlined a plan on Thursday to promote safety and security in the region by building ports, improving forecasts of sea ice, and developing shipping rules.
With warmer temperatures leaving Arctic sea passages open for longer periods of the year, billions of barrels of oil could be tapped beyond what is already being produced in the region. A loss of seasonal ice could also allow greater exploitation of precious minerals considered abundant in the Arctic.
WASHINGTON, Jan 23 (Reuters) – The U.S. environmental
regulator informed oil industry groups on Thursday that it will
reconsider the 2013 target for advanced ethanol made from
grasses, trees and crop waste as producers struggle to make
enough of the fuel.
Oil industry groups had petitioned the Environmental
Protection Agency, or EPA, last year to lower the target because
oil refiners would be required to buy millions of dollars worth
of credits if cellulosic was unavailable.
WASHINGTON (Reuters) – Senate Majority Leader Harry Reid made clear on Tuesday he has no immediate plan to allow a vote on a bill that would slap new sanctions on Iran over its nuclear program, even as backers promised to keep up their efforts to win more support.
Fifty-nine of the 100 senators – including 16 of President Barack Obama’s fellow Democrats – support the bill, despite Obama’s warning that its passage could jeopardize delicate international negotiations to curb Iran’s nuclear program.
WASHINGTON (Reuters) – Senator Lisa Murkowski on Tuesday urged President Barack Obama to lift a ban on exporting U.S.-produced crude oil, stepping up pressure on the administration to allow producers involved in the domestic energy boom to gain access to global markets.
“Lifting the ban will help create jobs, boost the economy and keep our production at record levels,” Murkowski, from Alaska and the top Republican on the Senate Energy and Natural Resources Committee, said in a letter to Obama.
WASHINGTON, Jan 13 (Reuters) – President Barack Obama is
more likely to win his battle with the U.S. Congress to keep new
sanctions on Iran at bay now that world powers and Tehran have
made a new advance in talks to curb the Islamic Republic’s
Despite strong support for the bill in the Senate, analysts,
lawmakers and congressional aides said on Monday that the
agreement to begin implementing a nuclear deal on Jan. 20 makes
it harder for sanctions hawks to attract more backers.
WASHINGTON (Reuters) – A Democratic U.S. senator leading the charge to pass new sanctions on Iran despite objections from the Obama administration said on Friday the measure is a “diplomatic insurance policy” to push Tehran to comply with agreements to curtail its nuclear program.
Fifty-nine senators – 16 of them Democrats – of the 100 in the chamber were co-sponsoring the bill, despite the White House’s insistence that it could imperil delicate international negotiations with the Islamic Republic.
WASHINGTON, Jan 9 (Reuters) – More than a majority of U.S.
senators support a bill to impose new sanctions on Iran should
the Islamic Republic break an agreement to curb its nuclear
program, aides said on Thursday, but there was no plan yet to
debate the measure.
The White House has threatened to veto the legislation,
and Iran says last November’s nuclear deal struck in Geneva
would be dead if the U.S. Congress imposes new sanctions.
WASHINGTON (Reuters) – U.S. senators pushing a bill to slap new sanctions on Iran if it goes back on an interim deal under which it agreed to limit its nuclear program have gained support since the legislation was introduced in December, aides said on Monday.
The bill, which the White House has threatened to veto, requires further reductions in Iran’s oil exports and would apply new penalties on other industries if Iran either violates the interim agreement or fails to reach a final comprehensive deal.
WASHINGTON, Dec 22 (Reuters) – As debate rises in Washington
over the first thaw in relations between Iran and the United
States in decades, powerful oil companies are opting for an
unusual tactic: silence.
Oil companies such as Exxon Mobil Corp and
ConocoPhillips could earn huge profits if the United
States loosened economic sanctions on Iran, allowing access to
its oil and natural gas fields, some of the world’s largest and
least costly to produce.
WASHINGTON (Reuters) – Despite opposition from the Obama administration, 26 U.S. senators introduced legislation on Thursday to impose new sanctions on Iran if the country breaks an interim deal under which Tehran agreed to curb its nuclear program.
It will be weeks at the earliest before the bill comes to a vote in the 100-member Senate, if it gets that far, given staunch opposition by President Barack Obama’s administration and many of its supporters in Congress.