Those in the energy business might want to steer clear of the news these days – and not because environmental problems and liberal opposition are continuing to cause their normal heartaches for the industry. From the New York Times to the Financial Times and every outlet in between, the headlines are dire. “Falling Oil Price Raises Questions… Keep reading →
WASHINGTON – As a part of the President’s Climate Action Plan, the Department of Energy released plans for reducing greenhouse gas emissions and preparing for climate change impacts such as flooding, sea level rise, severe weather and temperature extremes. These Sustainability Plans and Climate Change Adaptation Plans coincide with the fifth anniversary of President Obama’s… Keep reading →
With the election on Tuesday, the wind industry’s attention is particularly focused on the prospects for the extension of the production tax credit (PTC). There have been four interesting developments related to the extension of the PTC.
Energy Wins The Hill (Jack Gerard): With zero precincts reporting, we can confidently project American energy is a landslide winner in the 2014 midterm elections. In many races, both Republican and Democratic candidates have gone out of their way this year to embrace pro-energy policies – to the point that it’s been almost impossible to tell… Keep reading →
U.S. stocks declined on Tuesday, a day after benchmarks rose to records, as the price of oil slid to a three-year low, intensifying concerns about a slowing global economy. “There are three things we’re struggling with today: a lower assessment of the European economy, it’s down from where they were six months ago; the sufficiently… Keep reading →
Each month, the Energy Exchange rounds up a list of top clean energy conferences around the country. Our list includes conferences at which experts from the EDF Clean Energy Program will be speaking, plus additional events that we think our readers may benefit from marking on their calendars. Top clean energy conferences featuring EDF experts… Keep reading →
WASHINGTON, D.C. — On Monday, November 3, 2014, U.S. Secretary of Energy Ernest Moniz released the following statement regarding the Intergovernmental Panel on Climate Change’s final Synthesis Report: “The Intergovernmental Panel on Climate Change’s final Synthesis Report reiterates many of the critical takeaways from the last three reports. Leading climate scientists from many countries have… Keep reading →
Introduction
The UK is set to become the first EU member state to transpose the most recent EU directives on accounting and transparency rules in an effort to satisfy growing demands for a European-wide strategy to fight corruption in relation to substantial payments that oil and gas companies are often required to make to government entities by way of signing bonuses, taxes or royalties.
The UK has kick-started with Directive 2013/34/EU (the “EU Accounting Directive”) which, among other things, provides in its Chapter 10 for new reporting obligations for certain types of companies. By doing so, UK registered companies operating in extractive industries such as oil, gas and mining will be required to disclose certain payments made to governments in the various countries they operate in, on a country-by-country or project-by-project basis. The draft UK regulations, referred to as “The Reports on Payments to Governments Regulations 2014”, have not yet been passed by Parliament, however are proposed to come into force on 1 December 2014, more than 7 months ahead of the deadline imposed by the EU Accounting Directive.
Utilities are generally pessimistic about their future role in the effort to expand the U.S. electric grid and make it stronger. They believe they will be on the losing end as new competition becomes increasingly involved in the initiative. But they disagree strongly about what the future of energy transmission will look like and how… Keep reading →
A federal appeals court has lifted the stay of EPA’s Cross-State Air Pollution Rule which addresses interstate transport of air pollution that affects downwind states’ ability to meet air quality standards. On October 23, 2014, the U.S. Court of Appeals for the District of Columbia Circuit granted the Environmental Protection Agency’s (EPA) motion to lift… Keep reading →
