Energy security is the highest-ranking issue facing the global industry, which in turn demands action and poses a “high level of uncertainty” in both the short- and long-term, according to a survey of energy company CEOs by Cambridge Energy Research Associates (CERA) and the World Economic Forum (WEF). And the “dash for gas,” created when natural gas became the fuel of choice for new power generation worldwide, has created additional security issues that need to be addressed.
Poses
Articles from Poses
El Paso, Olympic Face Record Fines for Fatal Pipe Blasts
The Department of Transportation (DOT) last week announced it was seeking a fine of $2.52 million against El Paso Natural Gas for several “probable violations” that potentially contributed to the fatal explosion on its pipeline system in New Mexico last August, which resulted in 12 deaths. It was said to be the “largest civil penalty” ever sought against a pipeline operator for federal safety violations.
December 3, 2001
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