Valerie's Feed
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.

Jun 25, 2014

U.S. clarifies what lightly processed oil drillers can export

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

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

Jun 25, 2014

U.S. allows condensate oil exports, after light refining

WASHINGTON, June 24 (Reuters) – U.S. officials have told
energy companies that they may export a variety of ultra-light
oil if it has been minimally refined, an apparent marginal
loosening of a decades-old ban on selling U.S. crude abroad.

The Wall Street Journal reported that the Department of
Commerce, which has come under growing pressure to ease
restrictions amid a resurgence in domestic production, had given
approval via a private ruling to Pioneer Natural Resources Co
and Enterprise Product Partners LP to export the
so-called condensate.

Jun 18, 2014

Republican ex-EPA chiefs voice support for new carbon rules

WASHINGTON, June 18 (Reuters) – Rising public support for
action on climate change bodes well for federal regulations
announced this month to limit pollution from power plants, four
Republican former chiefs of the U.S. Environmental Protection
Agency said on Wednesday.

Senator Sheldon Whitehouse, a subcommittee chairman on the
Senate Environment and Public Works panel, arranged for the
officials to address a sharply divided committee that frequently
clashes over the existence and causes of climate change.

Jun 17, 2014
Jun 17, 2014
Jun 16, 2014

U.S., UK-led coalition seeks to limit financing for coal plants

WASHINGTON, June 16 (Reuters) – The United States, United
Kingdom and Netherlands will float a plan this week requiring
new coal-fired power plants to meet a carbon pollution standard
in order to receive public funding from the world’s wealthiest
countries, according to a draft seen by Reuters.

The countries will present the plan to the Organization for
Economic Cooperation and Development’s exports credits group,
which started a week-long meeting on Monday.