Discourage

Obama Seeks to Shed Conflicting, Costly and ‘Just Plain Dumb’ Rules

President Obama last Tuesday signed an executive order calling for a government-wide review of regulations that are presumed to discourage job creation and make the U.S. economy less competitive.

January 24, 2011

Obama Seeks to Shed Conflicting, Costly and ‘Just Plain Dumb’ Rules

President Obama Tuesday signed an executive order calling for a government-wide review of regulations that are claimed to discourage job creation and make the U.S. economy less competitive.

January 19, 2011

Browner: Gas Needs to Be ‘Bigger Part of Our Energy Future’

While Obama administration policies may tend to discourage the development of natural gas on public lands, environmental czar Carol Browner last Monday said natural gas is critical to the nation’s energy future.

January 18, 2010

Browner: Gas Needs to Be ‘Bigger Part of Our Energy Future’

While Obama administration policies may tend to discourage the development of natural gas on public lands, environmental czar Carol Browner Monday said natural gas is critical to the nation’s energy future.

January 13, 2010

ConocoPhillips CEO Suggests Energy-Price Insurance for New Ventures

ConocoPhillips CEO Jim Mulva cautioned Congress last week about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

July 23, 2007

ConocoPhillips CEO Says No Silver Bullet for Energy Needs

ConocoPhillips CEO Jim Mulva Thursday cautioned Congress about imposing new taxes on oil and natural gas producers, which he said would discourage production in U.S. basins on- and offshore.

July 20, 2007

Industry Briefs

To discourage a hostile takeover, Houston Exploration Co.’s board of directors has adopted a shareholder rights plan that may be exercised if any group — with the exception of 24% shareholder KeySpan Corp. — acquires or announces a tender offer for 10% or more of the company’s outstanding common stock. The “poison pill” plan was not in response to any specific effort to acquire the independent producer, it said in a statement. Rather, it is designed to “assure that all stockholders of the company receive fair and equal treatment in the event of any proposed takeover of the company and to guard against two-tier or partial tender offers, open market accumulations and other tactics designed to gain control of the company without paying all stockholders a fair price.” CEO William G. Hargett said the plan was adopted “in light of recent acquisition activity in our sector, continuing volatility in commodity prices, and the prospect of KeySpan divesting their remaining interest in our company. Given the cyclical nature of our sector these plans are very common and have been adopted by virtually all of our peers, allowing the board of directors to ensure equal and fair treatment of all stockholders in an acquisition context.” In May, KeySpan successfully completed a $449 million exchange transaction with Houston Exploration that reduced its ownership from 55% to 24% (see NGI, May 31).

August 16, 2004

Houston Exploration Adopts Plan to Prevent Hostile Takeover

To discourage a hostile takeover, Houston Exploration Co.’s board of directors on Thursday adopted a shareholder rights plan that may be exercised if any group — with the exception of 24% shareholder KeySpan Corp. — acquires or announces a tender offer for 10% or more of the company’s outstanding common stock.

August 13, 2004

AGA, NRDC Say Current Utility Rate Designs Discourage Conservation, Energy Efficiency

If regulators want to see lower gas prices and meet the public’s call for more energy conservation, gas utility rate designs must be changed, the American Gas Association (AGA) and the Natural Resources Defense Council (NRDC) said last week in an unusual joint statement.

July 19, 2004

AGA, NRDC Say Current Utility Rate Designs Discourage Conservation, Energy Efficiency

Most local gas utilities earn a profit based on the volume of gas they deliver, which penalizes them for encouraging conservation and energy efficiency. If regulators want to see lower gas prices and want to meet the public’s call for more energy conservation, rate designs have to be changed, according to the American Gas Association (AGA) and the National Resources Defense Council (NRDC).

July 13, 2004
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