Moving the ball forward on instituting new rules to govern how Wall Street does business in order to lower risk, promote transparency and protect the American public, federal regulators this week have advanced the so-called Volcker Rule, which is part of the larger Dodd-Frank Wall Street Reform and Consumer Protection Act.
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Fracking Has Become a ‘Bumper Sticker’ Cause, Geophysics Professor Testifies
While environmentalists and some citizens are opposed to the use of hydraulic fracturing (fracking) to develop shale natural gas, experts — one of whom has studied fracking for more than 41 years — told a Senate committee the practice does not negatively impact drinking water or the environment.
Shell Targeting LNG Markets on Land and Sea
Wartsila Corp. said Thursday it has signed an agreement with Royal Dutch Shell to promote the use of liquefied natural gas (LNG) as a marine fuel. Separately Shell said it plans to sell LNG for heavy-duty fleet vehicles at some Shell Flying J truck stops in Alberta beginning in 2012.
West Virginia City Might Take Driller to Court
Officials with the City of Morgantown, WV, said the city might take Northeast Natural Energy (NNE) to court if the city passes an ordinance banning hydraulic fracturing (hydrofracking) and the company subsequently starts using the practice at two Marcellus Shale gas wells.
Pennsylvania GOP Reintroduces NGV Incentives
Saying extraction is only “half of the job” of capitalizing on the Marcellus Shale, a group of Pennsylvania House Republicans reintroduced legislation on Wednesday to promote the use of natural gas vehicles (NGV) in the state.
Only One West Virginia Marcellus Bill Remains
A single bill that would change West Virginia’s regulation of Marcellus Shale drilling survived crossover day in the West Virginia legislature Wednesday, while two others failed to make it out of the state’s House of Delegates.
Salazar Proposes Creation of Institute for Ocean Energy Safety
In response to the Deepwater Horizon disaster, Interior Secretary Ken Salazar Tuesday proposed establishing an “Ocean Energy Safety Institute” to promote research and development (R&D) and training in offshore drilling safety, blowout containment and spill response.
New York County Weighing Marcellus Drilling Options
One New York county in the midst of the Marcellus Shale may be looking to promote natural gas drilling in an effort to regain jobs that have left the area since the Empire State instituted a de facto moratorium on drilling two years ago.
California Gives Boost to Solar-Gas Water Heating
The California Public Utilities Commission (CPUC) on Thursday unanimously passed a resolution that will help promote solar thermal water heating installations as part of the state’s ongoing 10-year, billion-dollar solar initiative program.
California Ties Water Heating to Sun
The California Public Utilities Commission (CPUC) last Thursday established the California Solar Initiative (CSI) Thermal Program to promote the installation of solar water heating systems in new and existing homes and businesses.