Valerie's Feed
Jun 4, 2015

U.S. EPA finds no ‘widespread risk’ to drinking water

WASHINGTON (Reuters) – Fracking has not led to widespread, systemic pollution of drinking water, the U.S. Environmental Protection Agency said on Thursday in a long-awaited study, though it warned that certain drilling activities could pose potential risks.

The study, five years in the making, found some drinking water vulnerabilities to hydraulic fracturing, such as where supplies were scarce and where fracturing took place directly into underground drinking water sources, but overall saw little impact from the drilling technique.

Jun 4, 2015

Fracking poses potential risks to some water supplies -EPA study

WASHINGTON, June 4 (Reuters) – Fracking has not led to
widespread, systematic pollution of drinking water, the U.S.
Environmental Protection Agency said on Thursday in a
long-awaited study.

The study, five years in the making, found some drinking
water vulnerabilities to hydraulic fracturing, such as where
supplies were scarce, but overall saw little impact from the
drilling technique.

Jun 4, 2015

In Kentucky, talk of a ‘war on coal’ gives way to hope for new economy

HARLAN COUNTY, KY, June 4 (Reuters) – When Dan Mosley became
head of Kentucky’s Harlan County government this year, he
promised – like those elected before him – to defend the state’s
beleaguered coal industry. But Mosley also vowed to do something
else for his county: help build a new economy based on something
other than coal.

“The best business I’ve seen in town lately has been the
U-Haul business because people are moving out,” said Mosley, a
boyish-looking father of two, speaking after a community meeting
in the century-old coal town of Benham. “The time has come to
wipe away our tears,” he says. “We have no choice but to
diversify.”

Jun 2, 2015

U.S. may take first step to curb airline emissions this week -sources

WASHINGTON, June 2 (Reuters) – The U.S. Environmental
Protection Agency plans as soon as Friday to determine whether
carbon dioxide from aircraft endangers public health, a first
step to regulating emissions from the aviation sector, sources
familiar with the rulemaking process said.

The EPA has yet to issue its “endangerment finding,” despite
pressure from environmental groups who first sued the agency to
start the rulemaking process in 2010. A federal court in 2011
said the EPA must address aircraft emissions under the U.S.
Clean Air Act.

Jun 2, 2015

European oil companies rattle coal with call for fee on carbon emissions

WASHINGTON, June 2 (Reuters) – Europe’s oil and gas
companies took direct aim at the coal industry Monday, calling
upon governments to set a global price on carbon emissions that
could dramatically drive market share from coal to natural gas.

The joint declaration issued by six European oil and gas
majors was cautiously embraced by the United Nations, which will
host negotiations this December in Paris aimed at designing a
plan to cut the fossil fuel emissions that scientists blame for
rising temperatures.

May 27, 2015

Obama administration issues new water protection rules

WASHINGTON (Reuters) – The Obama administration on Wednesday issued new rules to protect streams and wetlands under the Clean Water Act, a step it said would help keep drinking water safe, but farmers and industry groups argued the regulation will be costly.

The Waters of the United States rule, issued by the Environmental Protection Agency and the Army Corps of Engineers, aims to give clarity about which bodies of water the EPA would have jurisdiction.

May 27, 2015

Obama administration issues new rules to protect water

By Valerie Volcovici

(Reuters) – The Obama administration on Wednesday issued new
rules to protect streams and wetlands under the Clean Water Act,
a step it said would help keep drinking water safe, but farmers
and industry groups argued the regulation will be costly.

The Waters of the United State rule, issued by the
Environmental Protection Agency and the Army Corps of Engineers,
aims to give clarity about which bodies of water the EPA would
have jurisdiction over.

May 12, 2015

U.S. offers over $35 mln for hard-hit coal communities

PIKEVILLE, Kentucky, May 12 (Reuters) – The United States
has released $35.5 million to help communities hit hard by the
decline in coal mining to diversify their economies and retrain
displaced miners, U.S. Labor Secretary Thomas Perez said on
Monday.

Perez announced the move at the Shaping our Appalachian
Region (SOAR) summit in eastern Kentucky, a region hard hit by
the downturn in the U.S. coal industry. He said funds would be
available to “communities that have laid the groundwork” by
launching initiatives to jumpstart new industries and
opportunities to branch out from coal mining.

May 7, 2015

Midwest states eye carbon trading to meet EPA targets

By Valerie Volcovici

(Reuters) – Even as some of them fight Washington’s new
clean air regulations in court, coal-reliant Midwestern states
are asking the Obama administration to provide rules for an
emissions trading platform that would help them meet the federal
greenhouse gas standards.

Late last month, a coalition of power companies, regulators
and green groups known as the Midwestern Power Sector
Collaborative (MPSC) asked the Environmental Protection Agency
to create ground rules for states that want to trade carbon
emissions permits with other states, an option it feels would
offer one of the cheapest options to meet the agency’s proposed
Clean Power Plan.

May 6, 2015

Bank of America’s new policy to limit credit exposure to coal

WASHINGTON (Reuters) – Bank of America announced Wednesday it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry.

The bank announced its new coal policy at its annual meeting, saying it would cut back its lending to coal extraction companies and coal divisions of broader mining companies.