NATURAL GAS
New York Energy Week kicked off Monday morning with the Natural Gas Markets Breakfast at CME Group. The event brought together broad market participants — from upstream producers to financiers and entrepreneurs — to address the revolutionary shift in fossil fuels economics over the past six years. Moderated by Peter Gardett, Founding Editor of Breaking Energy, the…...
The Supreme Court has ruled that EPA exceeded its statutory authority in interpreting Clean Air Act requirements by requiring permits based solely on GHG emissions. On June 23, 2014, the U.S. Supreme Court ruled that the Environmental Protection Agency’s (EPA) greenhouse gas (GHG) emissions regulations for new motor vehicles did not automatically trigger permitting requirements…...
FERC has authorized Cameron LNG’s $10B natural gas liquefaction and export project, the second LNG export proposal to receive final FERC approval after conditional DOE approval. On June 19, 2014, the Federal Energy Regulatory Commission (FERC) authorized Cameron LNG LLC, a subsidiary of Sempra Energy Corp, to construct and operate a natural gas liquefaction and…...
DOI has initiated a public engagement process to develop the next five-year plan for potential oil and gas leasing in the Outer Continental Shelf. On June 13, 2014, the Department of Interior (DOI) and Bureau of Ocean Energy Management (BOEM) announced publication of a Request for Information (RFI) in the Federal Register to initiate a…...
The Repeal and Rebuild Act would repeal the federal gas tax and increase the per-barrel tax of oil processed into gasoline to solve the current transportation funding crisis. On June 11, 2014, Rep. Peter DeFazio (D-OR) introduced the Repeal and Rebuild Act (HR 4848), which seeks to eliminate the current per-gallon gas tax and increase…...
The North Carolina Governor has signed the 2014 Energy Modernization Act, which lifts a 2012 ban on hydraulic fracturing in the state. On June 4, 2014, North Carolina Governor Pat McCrory signed the Energy Modernization Act of 2014 (SB 786) into law, allowing oil and gas extraction using hydraulic fracturing and horizontal drilling methods. The…...
The EPA stressed State flexibility in its Clean Power Plan to reduce emissions 30 percent by 2030. Overview On June 2, 2014, the U.S. Environmental Protection Agency (EPA) proposed its Clean Power Plan to set carbon pollution guidelines for existing power plants and emission standards for modified and reconstructed power plants. The proposal is key…...
Domestic energy production supplied 84 percent of U.S. demand in 2013, with natural gas representing the largest domestically produced resource for the third consecutive year. On June 2, 2014, the Energy Information Administration (EIA) released a report showing that 2013 U.S. energy production reached 81.7 quadrillion British thermal units (quads) and met 84 percent of…...
EPA has released its Clean Power Plan proposal, outlining the first emission guidelines for existing fossil fuel-fired power plants, with a goal to reduce power sector emissions by 30 percent below 2005 levels by 2030. On June 2, 2014, the Environmental Protection Agency (EPA) released the Clean Power Plan proposal to address greenhouse gas emissions…...
DOE has proposed to suspend its practice of issuing conditional decisions on LNG export applications involving non-FTA countries before completing the review required under National Environmental Policy Act. On May 29, 2014, the Department of Energy’s (DOE) Office of Fossil Energy published a Notice of Proposed Procedures for Liquefied Natural Gas (LNG) Export Decisions concerning…...
The New York State Reforming the Energy Vision (REV) initiative aims to answer the question of how to proceed with New York’s energy future in the face of aging electric generating plants and the need for a more resilient energy infrastructure. Overview The initiative – announced by Governor Cuomo in April 2014 – tasks the…...
Despite the recent surge in domestic crude oil and natural gas production, diesel-fueled passenger vehicles and natural gas-fueled fleet vehicles still face challenges in achieving large-scale adoption. Overview Diesel-fueled vehicles provide an option for manufacturers to meet Environmental Protection Agency (EPA) emissions standards and National Highway Traffic Safety Administration average fuel-efficiency standards of 54.5 miles…...