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James River Coal Files Ch.11; Blames Regulations, Nat Gas

James River Coal Files Ch.11; Blames Regulations, Nat Gas

Mining company James River Coal has filed for Chapter 11 bankruptcy protection, blaming environmental regulations, competition from natural gas, and weak economic conditions, the AP reports. The Richmond, Va.-based company said it has secured $110 million to keep operations going, pending court approval, while it restructures. James River, which mines … Read more »

IPCC

Nations Press IPCC to Include Financial Benefits of Climate Change Action

President Obama’s administration and officials from the UK, Sweden, Norway and Japan have voiced concern that an upcoming United Nations report makes efforts to combat global warming seem too expensive. The Intergovernmental Panel on Climate Change study, due to be approved in Berlin this week, says nations will have to make drastic emissions … Read more »

ExxonMobil

Exxon’s Next Risk Disclosure: Fracking

Exxon has made another concession to environmental groups and investors, agreeing to disclose more details on the risks of hydraulic fracturing, or fracking. Just days after releasing a report on the risks that climate change policies pose to the value of its assets and future profitability, Exxon said that it would report by September … Read more »

Anadarko Fined over $5 Billion in Biggest Settlement Yet

Anadarko Fined over $5 Billion in Biggest Settlement Yet

Anadarko Petroleum Corp yesterday agreed to pay more than $5 billion to clean up polluted sites across the US that caused cancer and other health problems, in the Department of Justice’s largest environmental settlement yet – but Anadarko’s share price actually rose 14.5 percent on the news. The sites are polluted … Read more »

Shale Boom Has Clean Harbors Cleaning Up

Hazardous waste management firm Clean Harbors has boosted the number of funds investing in its business by 15 percent over the last quarter, off the back of the US shale oil and gas boom. Clean Harbors lured 43 mutual funds to invest over the last quarter, raising its total number … Read more »

Reviewer Doubts IPCC’s Economic Findings

A registered reviewer on the latest Intergovernmental Panel on Climate Change report has challenged the report’s findings on climate change’s economic effects. Bob Ward, policy and communications director at the London School of Economics’ Grantham Research Institute on Climate Change and the Environment, said a number of data in the … Read more »

Cap-and-Trade Cuts Energy Bills for Small Businesses

Small businesses and residential customers in California are due to see cuts to their April electricity bills as a result of the state’s cap-and-trade program. Small commercial, industrial and agricultural customers will receive the Climate Credit every month, proportional to the amount of electricity used. Nonprofits and schools are also … Read more »

For Most Sectors, Climate Impact Uncertain

For Most Sectors, Climate Impact Uncertain

Climate change is likely to affect economic sectors ranging from energy production, heating and cooling, and water, to insurance, health and tourism, but there is not yet sufficient evidence to predict effects on other industries, according to the latest report from the Intergovernmental Panel on Climate Change. Not all key … Read more »

Morrison Foerster

Prop 65 Reforms ‘Would Burden Business’

Recently proposed Proposition 65 reforms would place major new burdens on business, attorneys with Morrison & Foerster have argued. Writing for Lexology, Michael Steel and Dan Gershwin say that a pre-regulatory draft of proposed changes to Prop. 65 regulations, released by the California Office of Environmental Health Hazard Assessment on March 7, … Read more »

Cheap Natural Gas Will Keep up Manufacturing Demand, Report Finds

Cheap Natural Gas Will Keep up Manufacturing Demand, Report Finds

Cheap natural gas and unconventional oil plays will support long-term growth in a variety of energy-intensive industries, according to a report by the US Conference of Mayors, prepared by IHS Global Insight. Energy intensive manufacturing played a key role in the economic recovery of US metropolitan areas, the report said, … Read more »

Christie’s RGGI Exit Violated State Law, Judges Find

The way that New Jersey governor Chris Christie’s administration withdrew from the Regional Greenhouse Gas Initiative violated state law, a state appellate court ruled. The three-judge panel said the state must start amending or repealing its climate change regulations within 60 days, Bloomberg reports. Christie declared in May 2011 that … Read more »

Duke Charged After Enviros Snap Photos of Waste Pumping

The North Carolina Department of Environment and Natural Resources has charged Duke Energy with illegally pumping up to 61 million gallons of coal-ash wastewater into the Cape River, responding to photos taken by the non-profits Waterkeeper Alliance and Cape Fear Riverkeeper. The alleged violations occurred from September to last week, the state … Read more »