Energy & Environment Correspondent
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Feb 10, 2015

Obama looks to raise $2 billion in climate change investments

WASHINGTON (Reuters) – The Obama administration on Tuesday set a goal of raising $2 billion in philanthropic investments to fight climate change, including technologies to slash carbon emissions.

The Clean Energy Investment Initiative is seeking investments to try to bridge the “valley of death” – the gap in funding between research and development and commercialization that holds back many clean-energy startup companies – said Brian Deese, deputy director at the White House’s Office of Management and Budget.

Feb 5, 2015

Obama budget request for hi-tech energy office “timid”-Republican

WASHINGTON, Feb 5 (Reuters) – The Senate energy committee’s
head on Thursday said President Barack Obama’s budget request
for an agency that funds projects that could revolutionize
energy markets – like long-range car batteries and turning
bacteria into fuel – was too “timid.”

The White House’s budget for fiscal 2016, released on
Monday, includes $325 million for the Advanced Research Projects
Agency-Energy, or ARPA-E. That represented an increase of $45
million over what ARPA-E was allocated for this year but was
equal to Obama’s original request last year.

Feb 3, 2015

State Department should weigh oil drop in Keystone decision: EPA

WASHINGTON (Reuters) – The U.S. environmental regulator urged the State Department to weigh plunging oil prices in its forthcoming recommendation on the Keystone XL oil pipeline, saying such a drop could mean the project will lead to higher greenhouse gas emissions.

With crude oil prices falling by about half since June, more attention should be paid to the “potential implications of lower oil prices on project impacts, especially greenhouse gas emissions,” the Environmental Protection Agency said in a Feb. 2 letter to the department made public on Tuesday.

Feb 3, 2015

State Dept. should weigh oil drop in Keystone decision -EPA

WASHINGTON, Feb 3 (Reuters) – The U.S. environmental
regulator urged the State Department to weigh plunging oil
prices in its forthcoming recommendation on the Keystone XL oil
pipeline, saying such a drop could mean the project will lead to
higher greenhouse gas emissions.

With crude oil prices falling by about half since June, more
attention should be paid to the “potential implications of lower
oil prices on project impacts, especially greenhouse gas
emissions,” the Environmental Protection Agency said in a Feb. 2
letter to the department made public on Tuesday.

Jan 29, 2015

Keystone XL advances in U.S. Senate, faces Obama veto

WASHINGTON, Jan 29 (Reuters) – The U.S. Senate will likely
pass a bill approving the long-pending Keystone XL oil pipeline
on Thursday, a measure the White House said President Barack
Obama would veto.

Republicans have made approving Keystone their top priority
of the new Congress after winning control of the Senate in
November. But they are several votes shy of the 67 needed in the
100-member chamber to override any veto.

Jan 29, 2015

Keystone XL likely to pass U.S. Senate Thursday, faces Obama veto

WASHINGTON, Jan 29 (Reuters) – The U.S. Senate will likely
pass a bill approving the long-pending Keystone XL oil pipeline
on Thursday, a measure the White House has said President Barack
Obama would veto.

Republicans have made approving Keystone their top priority
of the new Congress after winning control of the Senate in
November’s elections, but they are four votes shy of the 67
needed in the 100-member chamber to override any veto.

Jan 27, 2015

U.S. proposes allowing oil, gas drilling off Atlantic Coast

WASHINGTON, Jan 27 (Reuters) – The Obama administration on
Tuesday proposed allowing for the first time oil and gas
exploration in a wide swath of U.S. waters off the Atlantic
Coast.

The 2017 to 2022 drilling plan begins a process that could
take many years before waters off the coasts of Virginia, North
Carolina, South Carolina or Georgia are cleared for drilling.

Jan 16, 2015

Congress won’t cool fight against Obama on climate

WASHINGTON (Reuters) – Data showing the heating of Earth in 2104 to the highest level on record will do little to stop Republicans in the U.S. Congress from fighting President Barack Obama’s use of executive powers to slow climate change.

Republicans, who won control of the Senate in November’s elections, campaigned on dismantling Obama’s plans to slow the country’s emissions. More broadly, they plan to target Obama’s recent pledge of $3 billion to a global climate fund that led some to hope the world would reach an agreement to fight global warming in Paris next year.

Jan 14, 2015

Conoco seeks U.S. guidance on light oil exports -CEO

WASHINGTON, Jan 14 (Reuters) – ConocoPhillips has
asked the U.S. Commerce Department for guidance on whether it
can ship its minimally treated light oil abroad, though the
company does not believe it makes sense to export it now, the
company’s CEO said on Wednesday.

U.S. oil drillers that have enjoyed a boom over the last six
years are pressuring the government to lift the 40-year ban on
oil exports, a remnant of the 1970s Arab oil embargo that led to
fears of energy shortages.

Jan 12, 2015

Senate takes up Keystone XL bill as showdown with Obama looms

WASHINGTON (Reuters) – The U.S. Senate advanced a bill on Monday to approve the Keystone XL oil pipeline as Republicans, who have made the project their first priority of the year, try to line up enough votes to overcome a potential veto by President Barack Obama.

The Senate voted 63-32 on a measure to allow debate and the offering of amendments on the bill.

    • 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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