NATURAL GAS
Energy tax reform proposals released by the House Ways and Means Committee outline potential modifications to federal tax code for fossil fuel production, renewable energy tax credits, and energy efficiency provisions. On May 6, 2013, the House Ways and Means Committee released the Joint Committee on Taxation report detailing tax reform suggestions to 11 Tax…...
The revised Master Limited Partnerships Parity Act would allow renewable energy projects to access financing and tax advantages that are currently available only to fossil fuel energy projects. On April 24, 2013, a group led by Sen. Chris Coons (D-Del.) introduced an expanded version of the Master Limited Partnerships Parity Act introduced in 2012 to…...
EPA’s proposed standards to limit toxic waste disposal from steam electric power plants mainly target coal and other fossil fuel-fired plants. On April 19, 2013, the Environmental Protection Agency (EPA) proposed water pollution regulations for steam-electric power plants, which currently account for more than 50% of pollutants discharged into American waterways from U.S. regulated industrial…...
U.S. and China have committed to take cooperative action to combat climate change using practical emissions reduction measures and low-carbon initiatives, setting a powerful example to the rest of the world. On April 13, 2013, the U.S. State Department announced the U.S. and China will launch a Climate Change Working Group, recognizing the need for…...
In his FY 2014 budget proposal, President Obama increases spending on clean energy development, seeking to expedite R&D and boost cost-competitiveness and deployment of clean energy technologies. President Barack Obama’s FY2014 budget plan released on April 10, 2013, proposes increases in spending for clean energy production and deployment. The budget aims to support cost-competitiveness…...
The Senate Energy Committee’s natural gas forums, scheduled for May 2013, will assess several issues surrounding natural gas development to ensure that upcoming policies will maximize economic benefits while maintaining environmental safety. On April 3, 2013, Senate Energy and Natural Resources Committee Chairman Ron Wyden (D-Ore) and Ranking Member Lisa Murkowski (R-Alaska) announced the…...
EPA’s new cleaner fuels and cars program aims to reduce sulfur in gasoline and tighten vehicle emissions standards while improving auto efficiency, but could result in higher prices at the pump. On March 29, 2013, the Environmental Protection Agency (EPA) proposed new standards for vehicles and fuels under its Tier 3 program to cut emissions…...
The finalized MATS rule for new power plants sets certain emissions limits at slightly higher levels than the original 2011 rule. On March 28, 2013, the Environmental Protection Agency (EPA) finalized the Mercury and Air Toxics Standards (MATS) for new power plants, revising emissions limits for mercury, sulfur dioxide, hydrogen chloride, and particulate matter,…...
EPA’s Science Advisory Board will form an independent panel to provide transparant feedback on its 2014 draft report on hydraulic fracturing and its impact on drinking water resources. On March 25, 2013, the Environmental Protection Agency’s (EPA’s) independent Science Advisory Board announced formation of a panel of independent experts to review the agency’s hydraulic fracturing…...
A new revenue-sharing bill – the FAIR Act – would enable coastal states to receive a share of offshore energy revenue and put onshore renewable energy on the same scale as onshore fossil energy to ensure equitable revenue-sharing to encourage clean energy efforts. On March 20, Senators Mary Landrieu (D-La.) and Lisa Murkowski (R-Alaska) introduced…...
President Obama’s proposed Energy Security Trust would divert revenue from federal oil and gas development to fund research and development of alternative transportation fuel technologies. During a speech at the Argonne National Laboratory in Illinois on March 15, President Barack Obama revealed a proposal to set aside $2 billion for the Energy Security Trust, a…...
Two new House bills would address health impacts of drilling operations by reversing industry exemptions, putting them on the same environmental regulatory framework as other industries. On March 14, two bills – “Focused Reduction of Effluence and Stormwater runoff through Hydraulic Environmental Regulation (FRESHER) Act” and “Bringing Reductions to Energy’s Airborne Toxic Health Effects (BREATHE)…...