Energy & Environment Correspondent
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Mar 29, 2012

Exclusive: Investors press U.S. shale oil drillers to control flaring

WASHINGTON (Reuters) – Investors representing $500 billion in assets are pushing energy companies in the shale oil rush in North Dakota and other states to disclose the amount of natural gas they burn – a practice they see as a wasteful financial risk.

“We want to encourage companies to articulate plans for resolving this issue while shale oil production is still in its relative infancy,” said Karina Litvack, the head of governance and sustainable investment at F&C Asset Management.

Mar 29, 2012

Investors press US shale oil drillers to control flaring

WASHINGTON, March 28 (Reuters) – Investors representing $500
billion in assets are pushing energy companies in the shale oil
rush in North Dakota and other states to disclose the amount of
natural gas they burn – a practice they see as a wasteful
financial risk.

“We want to encourage companies to articulate plans for
resolving this issue while shale oil production is still in its
relative infancy,” said Karina Litvack, the head of governance
and sustainable investment at F&C Asset Management.

Mar 27, 2012

Government proposes first carbon limits on power plants

WASHINGTON (Reuters) – The Obama administration proposed on Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, a move likely to be hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency proposed the long-delayed rules that limit emissions from all new U.S. power stations, which would effectively bar the building of any new coal plants.

Mar 27, 2012

US to propose first carbon limits on power plants

WASHINGTON, March 27 (Reuters) – The Obama administration
will propose as soon as Tuesday the first ever standards to cut
carbon dioxide emissions from new power plants, sources involved
in talks on the matter said, a move likely to be hotly contested
by Republicans and industry in an election year.

The Environmental Protection Agency is expected to propose
the long-delayed rules that limit emissions from all new U.S.
power stations, which would effectively bar the building of any
new coal plants.

Mar 27, 2012

U.S. to propose first climate limits on power plants

WASHINGTON (Reuters) – The Obama administration will propose as soon as Tuesday the first ever standards to cut carbon dioxide emissions from new power plants, sources involved in talks on the matter said – a move that is likely to be hotly contested by Republicans and industry in an election year.

The Environmental Protection Agency is expected to propose the long-delayed rules, known as New Source Performance Standards, that would effectively limit emissions of all new U.S. power plants to those of efficient natural gas plants.

Mar 16, 2012

Fracking did not pollute water near homes-U.S.

WASHINGTON, March 15 (Reuters) – A first round of
tests showed no evidence that water at 11 homes in a small town
in Pennsylvania near natural gas drilling operations had been
polluted to unhealthy levels, U.S. environmental regulators said
on Thursday.

The Environmental Protection Agency said in January it would
perform tests at about 60 homes in Dimock where residents have
complained since 2008 of cloudy, foul-smelling water after Cabot
Oil & Gas Corp began hydraulic fracturing, or fracking,
for gas nearby.

Mar 9, 2012

EPA to retest Wyoming water said tainted by fracking

WASHINGTON, March 9 (Reuters) – The U.S. Environmental
Protection Agency has agreed to work with the Wyoming state
government to retest water supplies after a federal report last
year concluded natural gas drilling likely polluted a local
aquifer.

The EPA has been investigating an aquifer near natural gas
drilling in Pavillion, Wyoming, for years after residents
complained their drinking water smelled and tasted odd.

Mar 8, 2012

U.S. lawmakers target insurers of Iran deals

WASHINGTON, March 8 (Reuters) – Global companies that
insure trade with Iran would be cut off from the U.S. financial
system under legislation two lawmakers introduced on Thursday
that aims to further tighten the financial noose around Tehran’s
nuclear program.

Representatives Brad Sherman, a Democrat, and Ileana
Ros-Lehtinen, a Republican, introduced the bill that would
penalize underwriters that insure deals involving oil and gas
investments and shipments from Iran.

Mar 1, 2012

Western sanctions tighten squeeze on Iran oil exports

WASHINGTON, March 1 (Reuters) – Western trade
sanctions against Iran are strangling its oil exports even
before they go into effect, a U.S. advisory body has found, amid
warnings that any shortages will only push up crude prices and
strain a weak global economy.

With crude prices trading around 10-month highs and limited
spare production capacity worldwide, the United States may offer
Iran’s biggest customers waivers from the oil sanctions, which
take effect June 28.

Feb 29, 2012

Western sanctions already disrupt Iran oil exports: EIA

WASHINGTON (Reuters) – Western sanctions on Iran are disrupting its oil exports and further restrictions could tighten global oil markets already hit by a rash of outages in other countries, a report required by the recent U.S. sanctions law said on Wednesday.

With world oil prices soaring, U.S. and European insurance companies are failing to insure deliveries of Iranian oil even before the full Western sanctions go into effect, according to a report by the Energy Information Administration on Wednesday.

    • 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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