NORTH AMERICAN ENERGY MINISTERS MEETING Washington– The North American Energy Ministers met yesterday, in response to the call of the North American Leaders, to advance an energy agenda that expands the continent’s leadership in energy, strengthens North American energy security, supports shared economic prosperity and environmental performance. This meeting builds upon a long, productive and… Keep reading →
Regulation
North American Energy Ministers Meeting
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We will never sell or share your information without your consent. See our privacy policy.In a decision loaded with potential economic and political consequence, the Cuomo administration today ended years of tortured consideration and said New York state would move to ban hydraulic fracturing, the controversial technique that uses pressurized fluids and sand to extract gas and oil from shale rock formations. At an Albany cabinet meeting, Acting Health… Keep reading →
First Wind CEO Paul Gaynor once likened federal tax credits to “heroin” for the wind power industry. And you know what happens when a junkie doesn’t get his fix. With the $1.1 trillion “Cromnibus” passed and sent on to the president, and the House home for the holidays, the Senate was left with “tax extenders” legislation that… Keep reading →
The Russian economy is heavily dependent on oil – prices of which have been falling precipitously – and sanctions imposed by western governments in retaliation for Russia’s aggressive action in Ukraine are putting extreme pressure on the country’s currency. There is concern the Russian government and/or Russian companies lack sufficient currency reserves to pay debt… Keep reading →
Developer Applies To VT for Clean Power Link Transmission Line
By Todd Griset | PretiFlahertyA proposed electric transmission line from Quebec into New England took a step forward this week, as the developer of the New England Clean Power Link applied to Vermont regulators for key project approvals.
Transmission Developers Inc. subsidiary TDI New England has proposed the New England Clean Power Link to bring Canadian hydropower and other electricity to the renewable-hungry New England market. With an estimated project cost of $1.2 billion, the 1000-megawatt high-voltage direct-current transmission line would run under Lake Champlain and underground to a converter station in Ludlow, Vermont, near where it would connect to the existing electric grid owned by Vermont Electric Power Company (VELCO).
Alberta is Canada’s energy powerhouse, home to the country’s oil sands resources, significant natural gas reserves and over 10 active coal mines. As the country seeks to be a global energy power it needs the steward of its abundant resources to be viewed as one of the world’s best, and that responsibility now falls on… Keep reading →
Energy Secretary Moniz Announces Formation of Nuclear Energy Tribal Working Group
By U.S. Department of EnergyEnergy Secretary Moniz Announces Formation of Nuclear Energy Tribal Working Group Partnership to Deepen Relationship Around Critical Nuclear Energy Issues WASHINGTON—Building on President Obama’s commitment to strengthen the government-to-government relationship with Tribal Nations, Energy Secretary Ernest Moniz today announced the formalization of the Nuclear Energy Tribal Working Group (NETWG), providing a forum for Tribal Leaders… Keep reading →
US Clarifies Sanctions Provisions and US Senate Passes a Bill to Codify and Expand Sanctions
By Laura Brank, Darshak Dholakia, Miriam Gonzalez, Hrishikesh Hari, Jeremy Zucker | Dechert LLPAs noted in previous updates, the United States and European Union continue to impose sanctions against Ukrainian and Russian individuals and entities as a result of the turmoil in Ukraine. On 11 December 2014, the US Senate passed the Ukraine Freedom Support Act of 2014 (S. 2828) (hereinafter the “Act”), which would significantly expand the scope of US economic sanctions against Russia if it became law. In addition, the US Treasury Department’s Office of Foreign Assets Control recently released additional guidance regarding the scope of existing US sanctions involving Ukraine and Russia.
The President and Keystone XL: No Laughing Matter
By Energy Tomorrow BlogNear the end of his appearance on the “Colbert Report” earlier this week, President Obama tells host Stephen Colbert that getting things done is the real satisfaction he takes from his job: “I love the job, and it’s an incredible privilege. But when you’re in it you’re not thinking about it in terms of titles.… Keep reading →