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News & Updates

April 24, 2012 Justice Dept. makes 1st arrest in BP oil spill; ex-engineer accused of obstruction of justice

Source: Washington Post

A BP engineer intentionally deleted more than 300 text messages that said the company’s efforts to control the Gulf of Mexico oil spill were failing, and that the amount of oil leaking was far more than what the company reported,...

April 24, 2012 Philippines sees gas in China-claimed reef

Source: AFP

The Philippines said Tuesday it was hoping to help secure its energy future by developing a natural gas field in an area of the South China Sea also claimed by China. The comments come amid high tension with China over...

April 20, 2012 Getting the Economics of Climate Change Entirely Wrong: Clean Coal Might Be Too Expensive To Use

Source: Forbes

This is an interesting example of how people, governments even, are getting the economics of climate change entirely wrong. They’re committing to stopping global warming at any price: the correct calculation is what is the price...

April 20, 2012 EU parliament eyes resolution on Argentina oil row

Source: AP

The European Union parliament on Friday condemned Argentina's hostile takeover of its top energy company from Spain's Repsol and demanded that EU takes action against Buenos Aires at the World Trade Organization.

April 20, 2012 Business as Usual More Risky for Electric Utilities, New Report Finds; Big Boost in Capital Spending Must Pivot to Reflect New Realities

Source: Ceres

Over the next 20 years, electric utilities will likely spend some $2 trillion - $100 billion per year - on capital investments to replace aging power plants, implement new technologies and meet new regulatory requirements. [more]

April 20, 2012 NY official: No date yet for fracking update

Source: BusinessWeek

There's no timeline for a decision on whether fracking of shale gas wells will be allowed in New York state, but the review will likely continue through the summer, the state's top environmental regulator told business leaders...

April 20, 2012 Obama oil margin plan could increase price swings

Source: CNBC

President Barack Obama's bid to dampen the influence of oil speculators by having regulators set trading margins could backfire, potentially making prices even more volatile and leaving crude dominated only by those with the...

April 19, 2012 Benefits of electric vehicles depends on location

Source: Lake Tahoe News

San Francisco Chronicle Electric cars are only as green as the power plants that fuel them. As a result, they are far greener in some parts of the country than in others, according to a report issued Monday by the ...

April 19, 2012 U.S. Energy Independence in 15 Years?

Source: Forbes

Today the Obama administration tightened oil and gas industry regulations, forcing drillers to capture air pollutants released during well construction—including during hydraulic fracturing (fracking)—in new wells. The...

April 19, 2012 BP, private plaintiffs settle over Gulf oil spill

Source: Reuters

BP Plc (BP.L) said on Wednesday it reached definitive agreements with well over 100,000 private plaintiffs to resolve claims for economic, property and medical damages resulting from the 2010 Gulf of Mexico oil spill.

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