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
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
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
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
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
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
“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
Bill will accelerate EPA approval, accountability The House of Representatives is set to vote this week on H.R. 4795, the Promoting New Manufacturing Act, authored by House Majority Whip Steve Scalise (R-LA). The legislation encourages building and industrial development in the U.S. by increasing transparency and reducing delays in the preconstruction permitting process, according to the Energy & Commerce Committee.
It was a cold, rainy day in downtown Denver when an Oil & Gas 360® reporter was greeted in the bathroom at the EPA office building: “Lovely weather out there, huh? Even God’s saying there’s a carbon problem!” The U.S. Environmental Protection Agency announced in June that its stated goal is to reduce U.S. carbon dioxide emissions by 30 percent by 2030.
On January 17, 2008, President Obama said, “If someone wants to build a coal power plant, they can, it’s just that it will bankrupt them…” That promise is coming into fruition now. Last month, the EPA revealed its Clean Power Plan, which aims to lower carbon dioxide (CO2) emissions by 30% by 2030, in relation to levels from 2005. The
Last month, the U.S. Environmental Protection Agency (EPA) released its proposed Clean Power Plan, which plans to lower carbon dioxide (CO2) emissions by 30% by 2030, compared to 2005 levels. The U.S. levels in 2013 were 10% below those of 2005 – a growth of 2% from 2012 levels. The EPA said that the combustion of fossil fuels to generate electricity was
On Monday, June 23, the Supreme Court ruled against the Environmental Protection Agency’s (EPA) expansion of authority for the first time in years. The case was Utility Air Regulatory Group v. Environmental Protection Agency et al. A major part of the case was the EPA’s attempt to bypass Congressional support for any regulations it might want to pass. Justice Scalia
