FOSSIL FUELS

Bill to Expand Master Limited Partnerships to Renewable Energy Projects

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 Proposes Water Pollution Standards for Steam Electric Power Plants

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…...

Alaska Legislature Passes Oil Tax Reform Bill

Alaska’s legislature gives final approval to a bill designed to reform the state’s oil tax structure with significant tax cuts aimed to spur production and new investment. On April 14, 2013, Alaska’s Legislature passed Senate Bill 21, an oil-tax reform bill aimed to encourage industry production and investment.  The approval came on the final day…...

U.S. and China Launch Joint Initiative to Fight Climate Change

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…...

FY 2014 Budget Proposal: Significant Investment in Clean Energy Development

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…...

Senate Energy and Natural Resources Committee Plans Natural Gas Forums

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 Finalizes Emissions Standards for New Power Plants

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,…...

New Panel to Review EPA’s Hydraulic Fracturing Research Study

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…...

Keystone XL Pipeline Wins Senate Support

With a bipartisan majority vote of 62-37, the Senate demonstrated its support for Keystone XL pipeline construction for the first time. On March 22, the US Senate voted in favor of an amendment that supports construction of TransCanada’s Keystone XL project, a 1,700-mile pipeline that would transport crude oil from Canada to Texas refineries.  The…...