Sen. Tom Harkin (D-IA) last Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
Defense
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Senator: Peregrine Raises Questions About Self-Regulatory Groups
Sen. Tom Harkin (D-IA) Tuesday questioned the effectiveness of self-regulatory watchdog groups, such as the National Futures Association (NFA), as the “first line of defense” against market abuse following the disclosure that Iowa-based Peregrine Financial Group (PFG) and its founder Russell Wasendorf Sr. allegedly defrauded customers of more than $200 million.
PADEP Secretary: Enviro Group’s ‘Math Seems to Be Off’
Department of Environmental Protection (DEP) Secretary Michael Krancer said a recent report by the Natural Resources Defense Council (NRDC) was “incorrect and inapplicable to Pennsylvania in many respects,” and urged the environmental group to reconsider its labeling of natural gas as a “dirty fossil fuel.”
NRDC Report Calls For Frack Water Restrictions
Focusing on the Marcellus Shale in Pennsylvania, the Natural Resources Defense Council (NRDC) on Wednesday made a pitch for more rules to cover the handling of wastewater produced in hydraulic fracturing (fracking) with the release of a new NRDC report.
Defense Signs Off on Bluewater Storage Border Project
The Department of Defense (DOD) has signed off on Bluewater Gas Storage LLC’s proposal to construct and operate a 300 MMcf/d pipeline to maintain the U.S. leg of a connection between its facilities in St. Clair County, MI, and an existing pipeline in St. Clair Township, Ontario.
NRDC: Oil Shale Production to Strain Colorado River Basin
The Natural Resources Defense Council (NRDC) on Thursday warned that using water from the Colorado River Basin to produce oil shale could impact agricultural and municipal water uses affecting 15% of the nation’s crops and up to 30 million people from Wyoming to Southern California.
Drillers Sue U.S. Forest Service Again Over Water Issues
Attorneys for the oil and gas industry in Pennsylvania are asking U.S. District Judge Sean McLaughlin to find the U.S. Forest Service (USFS) in contempt for refusing to follow his 2009 order to process oil and gas development proposals in the Allegheny National Forest.
Environmentalist: No Trust Without Transparency
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.
Transparency Cited as Image Issue for Industry
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true.
Environmentalist: No Trust Without Transparency
The Environmental Defense Fund’s (EDF) Mark Brownstein held up an oil and gas company’s magazine advertisement touting “responsible” energy development. “The point is, I don’t really know if it’s true. In fact, no one really knows if it’s true,” said EDF’s energy program deputy director.