The monthly global average concentration of carbon dioxide in the atmosphere surpassed 400 parts per million in March for the first time since record keeping began. “This marks the fact that humans burning fossil fuels have caused global carbon dioxide concentrations to rise more than 120 parts per million since pre-industrial times,” added Tans. “Half of… Keep reading →
Taxes
Energy News Roundup: CO2 Emissions Milestone, Alberta Election Spooks Energy Firms & Futures are Not Forecasts!
By Jared AndersonSign up and get Breaking Energy news in your inbox.
We will never sell or share your information without your consent. See our privacy policy.Good Energy Policy Key To Energy, Economic Growth
By Energy Tomorrow BlogShale Gas and Tight Oil are Commercially Produced in Just Four Countries EIA Today in Energy: The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The… Keep reading →
Alaska and the oil companies developing the Prudhoe Bay and Point Thompson resources located on the remote North Slope are sitting on a lot of gas that can be used by Alaskan consumers and exported if the stakeholders can work through a maze of financial and technical considerations. With a cost estimated between $45 and… Keep reading →
Energy News Roundup: Climate Plan Controversy, Alaska Upholds Oil Tax System and Wind can Strengthen Grid Resiliency
By Jared AndersonReports that a new Obama Administration climate plan seeks to circumvent congress have democrats and republicans up in arms. The alleged plan would create binding agreements with other governments that fall short of an actual treaty which would require a majority senate vote many see as unlikely. “Republicans have also sought to portray Obama as… Keep reading →
Maria van der Hoeven, Executive Director of the International Energy Agency (IEA) spoke last week at the two-day Energy Information Administration (EIA) conference in Washington, D.C. expressing her view – as reported by Jennifer A. Dlouhy for fuelfix.com – that “ending ‘wasteful fossil fuel subsidies’, which may encourage overconsumption of oil and gas, particularly in… Keep reading →
Former Treasury Secretary Hank Paulson’s endorsement last week has put the carbon tax in the spotlight. But don’t be fooled: even with increased visibility and the wide endorsement of economists – and with a proposal or two floating around on Capitol Hill – turning U.S. energy policy in a cleaner, more climate-friendly direction continues to… Keep reading →
Energy News Roundup: Chinese Firms Enter Canadian LNG Project, Pemex Tax Relief and Wellinghoff Board Seat
By Jared AndersonMalaysian state company Petronas has agreed to sell a 15% stake in its proposed Pacific NorthWest LNG export facility to be sited in British Columbia, and a 15% stake in the upstream shale assets designated to feed the plant to Chinese state-controlled Sinopec. Taking a page from Japan’s LNG supply playbook, which has companies secure… Keep reading →
BP announced yesterday it will sell interests in four Alaska North Slope assets to Hilcorp, a comparatively small, independent, Texas-based operator. BP says the divestment will help focus on increasing output from the giant Prudhoe Bay field and an ambitious LNG export project. “There are some big benefits from this transaction,” said Janet Weiss, President… Keep reading →
With tax reform on the agenda in Washington this year, the oil & gas industry is paying close attention. One idea is to eliminate a provision that allows companies to write off intangible drilling costs. The industry argues this tax incentive allows them to continually invest in capital-intensive drilling programs and the country’s oil and… Keep reading →
Washington State Must Step up Renewable Energy Game
By Bryce SmithAs the CEO of a Seattle-based solar company, I know that our state’s forward-looking clean energy policies are a major reason why cutting-edge businesses have decided to set up shop here in Washington. But in the past decade, other states have caught on. They’ve learned from our example. They’ve learned that investing in clean tech… Keep reading →