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Shell, Statoil Projects ‘Could Push Climate to Point of No Return’

Shell, Statoil Projects ‘Could Push Climate to Point of No Return’

Shell, Gazprom, BHP and other fossil fuel companies are involved in 14 massive coal, oil and gas projects that would produce as much new carbon dioxide emissions in 2020 as is currently emitted by the entire US, and would delay action on climate change for more than a decade, according … Read more »

Loosening Oil and Gas Regs Could Create 1.4m Jobs, API Says

Loosening Oil and Gas Regs Could Create 1.4m Jobs, API Says

A reversal of current policy could increase daily oil and natural gas production by 10 million barrels by 2030, while creating 1.4 million U.S. jobs and adding $800 billion to government revenue, according to a study sponsored by the American Petroleum Institute. The report, U.S. Supply Forecast and Potential Jobs … Read more »

Policy & Regulatory Briefing: EPA and Interior Budgets, Capture Incentives, RGGI

The House will debate this week the EPA and Department of Interior fiscal 2012 spending bill, the Hill said. The proposal would give the EPA $7.1 billion and the Interior $9.86 billion. Among its restrictions, the EPA spending bill would delay agency greenhouse gas emission regulations for power plants and … Read more »

Policy & Regulatory Briefing: EU Target Defeated, Yucca Mtn., Shell in Alaska

The European Parliament has today voted against raising the continent’s emissions reduction target, from the current goal of a 20 per cent cut against 1990 levels by 2020, to a 30 per cent cut by the same date. MEPs voted 347-258 against the proposal, with 62 abstentions, Business Green reports. A … Read more »

Environmental Enforcement: Shell UK Fined $2m for Gas Blast

Energy giant Shell UK Limited has been ordered by Norwich Crown Court to pay a total of £1,242,000 ($2.1m) in fines and costs over the explosion and fire at its Bacton gas terminal in Norfolk, England in 2008. The explosion blew the concrete roof off a buffering tank within the … Read more »

Policy & Regulatory Briefing: Fracking, Energy Acts, and EU Moves to Cut GHGs

Democrats and Republicans are blaming different parties for the cost of gasoline, which lingers near the $4 per gallon mark, Market Watch reports. On Tuesday, House Republicans released a report that said the Obama administration has stifled domestic oil and gas production. The report criticised proposed restrictions on the natural gas-drilling … Read more »

Policy & Regulatory Briefing: Calif. Cap-and-Trade, Nuclear Delays, Logging Ban

A state superior court judge ruled on Friday that California must halt plans for a cap-and-trade system until regulators can consider alternatives to emissions trading, the New York Times reports. Judge Ernest Goldsmith said the California Air Resources Board should “take no action” to start up cap-and-trade until it completes … Read more »

Policy Briefing: RGGI, Plastic Bag Ban, Oil Leases

New Hampshire’s Senate will this Wednesday consider a bill to withdraw the state from the Regional Greenhouse Gas Initiative, the cap-and-trade program covering ten north-eastern states. The state’s House approved the measure 251-108. The New Hampshire Union Leader reported that the Senate does not appear, however, to have the 16 votes … Read more »

Environmental Enforcement: $2.5m Fine for Colo. Gas Distributors

Three Colorado petroleum distributors are to pay $2.5 million to resolve claims they illegally mixed and distributed more that 1 million gallons of gasoline that did not meet Clean Air Act emissions and fuel quality requirements, the U.S. Environmental Protection Agency and the U.S. Department of Justice have announced. Rocky … Read more »

Smart Grid, Renewables to Drive Canadian Sustainability Market Up 38%, Report Says

Smart Grid, Renewables to Drive Canadian Sustainability Market Up 38%, Report Says

The Canadian sustainable business market will grow from US$2.3bn in 2010 to US$3.7bn in 2014, a 38 percent rise, according to an analyst report. The Verdantix report Canadian Sustainable Business Spending 2009-14 found that the market will experience a 12 percent compound annual growth rate from 2009 to 2014. Sustainability … Read more »

BP, Other Oil Companies Update Transparency Guidelines

Oil and gas companies including BP, Chevron and ExxonMobil have contributed to updated guidance on improving transparency in environmental reporting. Three oil and gas associations have published a second edition of their joint guidance, which they say will help the industry keep its stakeholders informed about company performance. The American … Read more »