Daily Archives: July 3, 2012

House GOP wants chief of failed solar firm to testify

House Republicans want the CEO of the bankrupt company Abound Solar to testify at a hearing this month, a sign of GOP plans to continue shining the political spotlight on the struggles of the Energy Department’s loan program.

House Oversight and Government Reform Committee Republicans have asked CEO Craig Witsoe and his predecessor, Tom Tiller, to […]

By |July 3rd, 2012|Featured|1 Comment

Report: US should follow Australia’s lead by taxing carbon

Following Australia’s lead to price carbon pollution could prove more effective to reduce greenhouse gas emissions than the regulatory tactics employed in the United States, according to a report from the nonpartisan Brookings Institution think tank.

Australia’s carbon tax — about $23 per ton in U.S. dollars — went into effect Sunday, and U.S. policymakers would […]

By |July 3rd, 2012|Featured|1 Comment

Rep. Van Hollen promises Pepco probe over power outages

Rep. Chris Van Hollen (D-Md.), a powerful House Democrat allied with House Minority Leader Nancy Pelosi (D-Calif.), says he’ll put embattled utility Pepco under the microscope over days of storm-induced power outages his constituents have faced during the recent heatwave.

Van Hollen’s suburban Maryland district is home to many residents still without electricity since Friday’s violent […]

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Feds investigate JPMorgan for possible energy market manipulation

The Federal Energy Regulatory Commission (FERC) subpoenaed JPMorgan twice in the past three months on allegations that the bank manipulated energy markets for financial gain, court filings show.

The filings, made on Monday, revealed FERC is investigating the banking giant for “abusive” tactics that resulted in “at least $73 million in improper payments.”

FERC made the filings […]

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Md. Democrats voice concerns about pipeline’s impact on streams, turtles

Democratic lawmakers from Maryland are urging federal regulators to pay close attention to the environmental and health problems that might result from the expansion of a natural-gas pipeline in their state.

The 21.4-mile extension of the Columbia Gas Transmission pipeline that spans Owings Mills, Md., to Fallston, Md., could negatively affect drinking water, streams, fish and […]

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American Natural Gas Breathing New Life Into Philly Refineries

Pittsburgh, Pa. – Clean-burning natural gas is the lifeblood for manufacturing, especially for the U.S. chemical and refinery industries. According to the American Chemistry Council, “nearly 800,000 people in the U.S. are directly employed in the chemistry industry,” and “for every job created in the business of chemistry, 5.5 jobs are created in other sectors.” […]

News bites: Report says Justice Dept. probing Chesapeake, Encana

Reuters has the latest on troubled natural-gas giant Chesapeake Energy: 

The U.S. Justice Department is probing Chesapeake Energy Corp and Encana Corp for possible collusion after a Reuters report showed that top executives of the two rivals plotted in 2010 to avoid bidding against each other in Michigan land deals, a source close to the probe […]

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Poll: Climate slides on list of environmental fears, but public still wants action

Americans no longer rank climate change atop a list of the world’s biggest environmental problems, but still favor action to curb greenhouse gases, according to a new Washington Post-Stanford University poll.

The poll — conducted before the heatwave now gripping the eastern United States — finds that 18 percent list global warming as the single biggest […]

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Sen. Brown calls for federal investigation of Cape Wind project

Sen. Scott Brown (R-Mass.) is calling for a federal investigation into a proposed wind farm in the Nantucket Sound following the leak of Federal Aviation Administration (FAA) emails that raised safety concerns about the project.

The junior senator from Massachusetts said a probe is necessary to quash “inference of any backroom deals” on the Cape Wind […]

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Senators prodded SEC on oil rule ahead of vote announcement

Two senators pushing the Securities and Exchange Commission (SEC) to complete long-delayed oil industry disclosure rules asked the SEC’s internal watchdog to evaluate the matter shortly before the commission announced an upcoming Aug. 22 vote on the regulation.

Sens. Richard Lugar (R-Ind.) and Ben Cardin (D-Md.) wrote to Jon Rymer, the SEC’s interim inspector general, on […]

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