EPA – Page 6 – Oil & Gas 360

Refiners Ask EPA to Adjust Renewable Fuel Standards

July 30, 2015

Refiners say making them the obligated party for fuel blending is “misguided” Independent refiners are asking the Environmental Protection Agency (EPA) to shift responsibility for complying with biofuel programs from refiners to fuel blenders. Delta Airlines’ (ticker: DAL) Monroe Energy LLC, Carlyle Group’s (ticker: CG) Philadelphia Energy Solutions, Valero Energy Corp (ticker: VLO) and Ronald E Minsk, who recently served

Supreme Court Strikes Down Annual Spending of $10 Billion for EPA Regulations

June 29, 2015

The Supreme Court decides the $4-$6 million in benefits do not outweigh the $9.6 billion annual costs of new regulations The Supreme Court decided today in a 5-to-4 decision that the Environmental Protection Agency’s (EPA) proposed regulations regarding limits on the emission of mercury and other toxic pollutants from coal-fired power plants would place a financial burden on companies that

EPA Regulations Could Cost $140 billion per Year

June 16, 2015

A new National Association of Manufacturers study shows EPA regulations could be the costliest ever The Environmental Protection Agency (EPA) proposed changes to the National Ambient Air Quality Standards (NAAQS) that would further reduce the amount of nitrogen oxides in the air throughout the U.S. According to the EPA, the estimated benefits of meeting the costs could be as much

EPA Lowers its Renewable Fuels Target Number

June 11, 2015

The EPA hopes to make nearly 10% of all transportation fuels renewables by 2016 The Environmental Protection Agency’s (EPA) recently released its annual Renewable Fuel Standard (RFS) program with goals for renewable fuels that apply to all gasoline and diesel produced or imported in 2014, 2015 and 2016. The EPA decided to lower the goals from those set earlier by

EPA: Hydraulic Fracturing Rarely Impacts Drinking Water Resources

June 4, 2015

Between 100,000 and 120,000 wells were drilled and fraced from 2011 to 2014, but few led to issues with drinking water A draft assessment released by the Environmental Protection Agency (EPA) today claims that “hydraulic fracturing activities have not led to widespread, systemic impacts to drinking water resources,” according to an EPA press release. The assessment compiles date from 950

2015: Coal v. Natural Gas

April 23, 2015

Could a drop in natural gas prices spur additional market share growth? As we swing into spring earnings season, Q1 earnings are coming fast, along with questions surrounding the state of natural gas and oil prices. In a non-oil and gas realm, Arch Coal Inc. (ticker: ACI) released Q1 results this week. The coal giant reported a net loss of $113

EPA Regulations Accused of Overstepping Constitutional Bounds

March 19, 2015

Harvard professor: Clean Power Plan is unconstitutional The Environmental Protection Agency’s (EPA) intent to use the Clean Power Plan to regulate carbon dioxide emissions is unconstitutional, says Laurence Tribe, professor of constitutional law at Harvard University. Tribe recently filed comments with the EPA saying that the Clean Power Plan is “a remarkable example of executive overreach and an administrative agency’s

EPA Accused of Overreaching its Authority with New Budget

February 27, 2015

The Committee on Energy and Commerce calls the EPA’s 2016 budget “more than enough” On February 25, the Subcommittees on Energy and Power and Environment and the Economy held a hearing on President Obama’s 2016 budget request for the Environmental Protection Agency (EPA). The EPA requested a total budget of $8.6 billion for fiscal year 2016, $452 million more than

New Federal Methane Regulations on Drillers

January 15, 2015

White House looks to EPA to enforce new regulations and avoid Congress The White House announced yesterday that it will be releasing new regulations to curb the amount of methane generated by drilling operations throughout the United States. How the regulations will affect the oil and gas industry and how greatly they will reduce greenhouse gasses will not be finalized

Supreme Court to Hear Case on EPA Regulations

November 26, 2014

Coal plants are facing a series of EPA regulations that are requiring owners to invest in pollution controls or shutter aging plants. The new standards apply to about 1,400 coal and oil-fired generating units at 600 power plants, reports Bloomberg. Following an April decision from the U.S. Court of Appeals for the District of Columbia Circuit to uphold the Environmental

House Passes 3 New EPA Bills

November 20, 2014

Bills Would Change How the EPA Operates The U.S. House of Representatives today voted to pass H.R. 4795, the Promoting New Manufacturing Act, with a vote of 238-172. The bill is set to help cut red tape associated with building new factories that use natural gas by reducing permitting delays, ensuring the EPA provides timely guidance about how to comply

EPA Chief Fires Back

November 19, 2014

“President has the best interests of the EPA in mind” After mid-term elections that saw the Senate change hands from the Democrats to the Republicans and increased the GOP’s representation in the House, many in the GOP are saying the American people have spoken out loud and clear against President Obama’s political agenda, including initiatives about climate. Sen. James Inhofe

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