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.
November 18, 2012
Re “Cut their power,” Opinion, Nov. 9 The largest oil and gas companies are already “energy” companies, as author Bill McKibben defines it. Chevron, for instance, is the largest geothermal power producer in the world. Instead of proposing to “break the power of the fossil fuel industry” to reduce global warming, as McKibben suggests, we should try a more realistic approach: Show them that embracing renewable technology makes good economic sense. The Department of Energy needs oil and gas companies to partner with geothermal companies to “co-produce” electricity from the waste heat inherent in oil and gas production.
November 9, 2012 |
It's not just Sandy. Sandy was off-the-charts terrible, a storm that broke every record in the books: for storm surge, for barometric pressure, for sheer size. But it also blew in toward the end of what will be the warmest year in U.S. history. It was a year that already had seen a summer-in-March heat wave described by meteorologists as the most statistically freakish weather event in the continent's history, an epic drought that raised grain prices 40% around the world and a record-setting melt of Arctic ice. It was a year in which scientists at NASA's Goddard Institute for Space Studies, who couldn't take the subway to their Manhattan offices in the days following Sandy, calculated that the 1-degree rise in global temperature we've already seen has raised the chance of extreme heat events by an order of magnitude.