September 13, 2013 |
The gig: Lyndon Rive, 36, chief executive of SolarCity Corp., a company co-founded in 2006 with his older brother, Peter, that helped popularize a new direction in residential solar power development. The San Mateo, Calif., company installs solar panels for homes, businesses and government entities. But instead of selling the panels to the customer, SolarCity usually retains ownership of them and sells the electricity to the client. That cuts out much of the upfront cost involved with going solar.
August 1, 2013 |
Bolstered by the success of new technology, U.S. oil reserves surged by 15% in 2011 to the highest level recorded since 1985, a report said. Proved oil reserves jumped by a record 3.8 billion barrels to 29 billion barrels, the third annual increase, according to the U.S. Energy Information Administration. About 3.6 billion barrels of that comes from so-called "tight" oil plays, which often require the kind of new technology that has unlocked previously inaccessible reserves. Adam Sieminski, administrator at the energy agency, said horizontal drilling and hydraulic fracturing, known as fracking, has "continued to increase oil and natural gas reserves.
July 2, 2013 |
The energy industry scored a big win Tuesday when a federal judge tossed out a Securities and Exchange Commission rule that required oil and mining companies to disclose payments to foreign governments. Deeming the regulation arbitrary and capricious, U.S. District Judge John Bates in Washington noted that the SEC failed to include exemptions in cases in which foreign governments explicitly ban public disclosures, according to Fuel Fix, a website reporting the industry. The regulation was issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010, intended to bring financial reforms following the Great Recession.
April 11, 2013 |
California needs to strengthen regulation of hydraulic fracturing, according to a UC Berkeley Law School report that identified a number of shortcomings in state oversight of the controversial practice. Known as fracking, the technique involves the high-pressure injection of chemical-laced fluids into the ground to crack rock formations and extract oil and gas. Although not new to California, the practice has come under increasing scrutiny recently...
March 20, 2013 |
WASHINGTON -- A coalition of energy companies, environmentalists and Pennsylvania-based philanthropies announced Wednesday the creation of a center that would provide more stringent standards for fracking and natural gas development in the Eastern United States. The Marcellus Shale formation, which extends from central New York to eastern Kentucky, is the site of a vast gas boom, most of it centered in Pennsylvania. But the production method of fracking, high-volume hydraulic fracturing that has tapped the gas deposits, has touched off concerns about the impact of such wide-scale industrial development on air and water quality.
CALIFORNIA | LOCAL
December 18, 2012 |
SACRAMENTO - Under pressure from state lawmakers and environmentalists, Gov. Jerry Brown's administration released draft regulations for hydraulic fracturing, or "fracking," the controversial drilling process driving the nation's oil and gas boom. The proposed rules, released Tuesday, would require energy companies to disclose for the first time the chemicals they inject deep into the ground to break apart rock and release oil. They also would have to reveal the location of the wells where they use the procedure.