Opponents of TransCanada’s proposed Keystone XL pipeline have numerous complaints about the project, and one that remains front and center in the debate is that it would lead to faster development of Canada’s oil sands. But TransCanada chief executive Russ Girling, in an interview with The Hill, has made the case that the future of the… Keep reading →
Coal and oil and gas producer Consol has agreed to sell its Consolidation Coal Company subsidiary, which holds five West Virginia coal mines, to Murray Energy for $3.5 billion. Consol aims to whittle its assets down to growth markets – natural gas production and coal for export – as the future of US power generation veers more… Keep reading →
ConocoPhillips, the largest oil and gas producer in the state of Alaska, is mulling exports of Alaska North Slope crude to Asian markets, where the company may find better returns than on the US West Coast. “We do have the flexibility, if we want to use it, to take ANS cargoes to Asia,” said chief… Keep reading →
Climate Activist Bill McKibben says that a campaign to encourage divestment from fossil fuels is gaining momentum. If effective, it could have a huge impact on the oil, gas and coal industries, but it remains unclear how far-reaching it will prove to be. Brown University refused to divest from the 15 largest US coal companies,… Keep reading →
NY State’s Strategic Gasoline Reserve will hold three million gallons of fuel to prevent emergency supply gaps. On October 26, 2013, New York State Governor Andrew M. Cuomo launched the first U.S. state-based Strategic Gasoline Reserve as part of the Fuel NY initiative to prevent potential supply gaps during weather events and emergencies, such as… Keep reading →
Recent enforcement actions by the Federal Energy Regulatory Commission on alleged manipulation of US power markets are “alarming” and set a dangerous precedent that departs from previous cases, a Harvard professor and former International Association for Energy Economics president told energy traders gathered in New York City this week. FERC is endangering the functioning of… Keep reading →
There are plenty of money-making opportunities from reducing energy use that go above and beyond implicit savings, but the market for energy reduction assets is opaque, and financing opportunities for smaller-scale projects are few and far between. Energy efficiency financing and insurance firm Joule Assets has introduced new services designed to grow that market, by… Keep reading →
For those who missed it when the news broke that the Department of Energy was offering energy-themed stencils for Halloween pumpkin-carving, here is where you can find the DOE’s exciting patterns, which include a compact florescent lightbulb and an atom. As innocuous as this seems, oil and gas industry group the American Petroleum Institute has… Keep reading →
Clearly Energy, an online resource for information on energy efficiency, has built a web-based “Energy Haunted House” for Halloween. We can’t say that it’s scary, but it is full of interesting energy factoids, and amusingly refers to greenhouse gas emissions as “human earth farts”. Some of the things we found out: “Refrigerators made in the… Keep reading →
TransCanada’s CEO Russ Girling says they are not giving up on the Keystone XL Pipeline project and neither are producers seeking to ship their product through the line. The economic rationale of transporting oil via pipe rather than rail underpins the project and Girling is confident “the oil market transcends politics.” [The Hill] Eike Batista’s… Keep reading →
