FOSSIL FUELS

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…...

UPDATE: Enbridge Resumes Oil Flow Along Line 14

Enbridge resumed oil transportation along Line 14, a 318,000 barrel-per-day pipeline in Wisconsin, after receiving approval from the Department of Transportation (DOT) on August 6, 2012.  The approval, which was issued after the company met the requirements in the agency’s corrective action order, would resolve the brief spike in gasoline prices on the Gulf Coast…...

Expert Review Committee to Assess Hanford’s Waste Treatment Plant

According to an announcement from the Department of Energy (DOE), Energy Secretary Steven Chu convened a group of technical experts on August 2, 2012 to review the Waste Treatment Plant (WTP) at Hanford Site, in order to assess its capability to detect and rectify equipment failure inside the plant’s black cells.  Due to high levels…...

New Congressional Bills Address Criticality of Rare Earth Materials

Congressional leaders are growing increasingly concerned over domestic supplies of rare earth elements that are critical to producing multiple clean-energy technologies. These elements, which share unique properties of magnetism, luminescence, and strength, are used in products such as energy-efficient phosphors in fluorescent lamp products, advanced wind turbines, hybrid locomotives, high-speed motors, high power density motors…...