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Jul 25, 2014

U.S. EPA fails to address methane leaks from gas pipelines -watchdog

WASHINGTON, July 25 (Reuters) – The internal watchdog of the
U.S. Environmental Protection Agency said on Friday that the
regulator does not adequately address methane leaks from natural
gas pipelines, harming both the economy and environment.

The EPA Inspector General said the agency’s current
voluntary program to address methane leaks from pipelines has
yielded only minimal reductions of the potent greenhouse gas.

Jul 24, 2014

Texas, gas states biggest winners under EPA carbon rules -report

WASHINGTON, July 24 (Reuters) – Gas-rich states such as
Texas should have the easiest time complying with planned
Environmental Protection Agency regulations on carbon pollution
from power plants, despite opposition from their lawmakers, a
new study says.

The study, released on Thursday by the Rhodium Group and the
Center for Security and International Studies, shows the boom in
shale gas production will give producing states an advantage in
meeting carbon reduction targets proposed by the EPA on June 2.

Jul 23, 2014

EPA chief in hot seat as lawmakers dissect carbon rule

WASHINGTON, July 23 (Reuters) – U.S. Environmental
Protection Agency Administrator Gina McCarthy will field
questions from lawmakers on Wednesday about the agency’s plan to
slash carbon pollution from power plants, even as industry
groups seek to derail the proposal.

McCarthy will testify before the Senate Environment and
Public Works committee, where she will discuss the EPA’s first
mandatory cuts on carbon in the power sector, the largest source
of domestic emissions.

Jul 9, 2014

U.S., China ink coal, clean energy deals but climate differences remain

WASHINGTON/BEIJING (Reuters) – The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world’s two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.

Consensus between the United States and China will be a crucial part of any new global climate pact to replace the 1997 Kyoto Protocol, but they have long struggled to come to an agreement on how the costs of cutting greenhouse gases should be distributed among rich and poor nations.

Jul 9, 2014

U.S. Democrats grapple with own divisions over renewing Ex-Im Bank

WASHINGTON, July 8 (Reuters) – U.S. Democrats are struggling
with their own differences over legislation to renew the
Export-Import Bank’s charter, an issue that has long been a
source of tension between Tea Party and pro-business

Democrats, who control the Senate, largely favor keeping
alive the bank. The agency, which provides credit to foreign
purchasers of U.S. exports, will be forced to close its doors if
Congress does not act to renew its charter by Sept. 30.

Jul 8, 2014

U.S., China ink coal, clean energy deals in climate cooperation

WASHINGTON, July 8 (Reuters) – The United States and China
on Tuesday signed eight partnership agreements to cut greenhouse
gases, bringing the world’s two biggest carbon emitters closer
together on climate policy.

The agreements, which involve companies and research
institutions, were signed in Beijing ahead of a two-day visit to
China by top Obama administration officials including Secretary
of State John Kerry, Treasury Secretary Jack Lew and Energy
Secretary Ernest Moniz.

Jul 3, 2014

U.S. Ex-Im Bank weighs loan to major India coal project

WASHINGTON (Reuters) – The U.S. Export-Import Bank is considering financing a massive coal-fired power plant in India despite the fact the Obama administration has called on domestic and global public lenders to stop funding coal-plants in his climate change strategy.

The board of the Ex-Im Bank, the United States’ export credit agency, voted last December to stop funding coal plants overseas – except in certain circumstances – in response to President Barack Obama’s Climate Action Plan, which called on U.S. and international lenders to do so.

Jul 2, 2014

Commerce Dept oil export approval questioned by U.S. senators

WASHINGTON (Reuters) – Two senators on Wednesday asked the U.S. Commerce Department to explain why it approved exports of a form of super-light oil known as condensate, saying the action may have violated the decades-long ban on U.S. crude oil exports.

Democrats Robert Menendez and Edward Markey wrote a letter to Commerce Secretary Penny Pritzker after a department agency in late June told two energy companies that condensates that have been minimally processed could be exported as refined products.

Jun 26, 2014

Testing U.S. crude oil export ban with swaps no simple matter

WASHINGTON (Reuters) – Oil producers considering swapping U.S. light crude abroad for the heavier imported oil needed by refiners to work around a decades-old ban on exporting domestic crude may find the strategy harder to execute than it looks on paper.

As U.S. production of light crude oil continues to boom, some companies and lawmakers are calling for the United States to reform its decades-old ban on most U.S. crude oil exports – a policy that followed the Arab oil embargo of the 1970s.

Jun 26, 2014

U.S. clarifies which petroleum drillers can export

WASHINGTON, June 25 (Reuters) – U.S. energy markets marked a
seismic shift on Wednesday after federal officials provided
clarity on what companies glutted with domestic shale oil can
ship to thirsty markets abroad, leading to expectations for a
potential surge in petroleum exports.

News that companies can export a type of ultra-light crude
if it has been minimally refined pushed U.S. oil prices
higher, and triggered a realignment in energy stocks, with
refiner shares sagging while those in several oil and gas
producers jumped.