FOSSIL FUELS

Alaska LNG Export Project Takes Shape

The North Slope’s three energy giants and TransCanada sent a letter to Alaskan Governor Sean Parnell on October 1, 2012 describing their progress in a proposed Alaska Liquefied Natural Gas (LNG) Export Project. The proposal includes a gas pipeline, a treatment plant to remove impurities, a liquefaction facility, LNG storage facilities and marine terminals, which…...

UPDATE: Arctic Sea Exploration Activities Resume

Shell began exploratory operations in Alaska’s Chukchi Sea on September 9, 2012, after six years of efforts to explore the potentially significant petroleum reserves under the state’s outer continental shelf.  Operations began after Bureau of Safety and Environmental Enforcement (BSEE) gave its approval on August 30, 2012, permitting Shell to carry out preparatory activities off…...

MIT Study: Applying Carbon Tax Can Relieve US Budget Deficit

According to a report released by Massachusetts Institute of Technology (MIT) on August 27, 2012, applying a carbon tax at the rate of $20 per ton in 2013 and increasing it by four percent per year can raise $1.5 trillion over a span of 10 years.  The report, which comes at a time when Congress…...