Strike

The House last Thursday defeated a Democratic non-binding motion that would have instructed House conferees on the omnibus energy bill to strike provisions offering producers of the gasoline additive, methyl tertiary butyl ether (MTBE), protection from liability lawsuits stemming from contamination of groundwater sites.

The House on Thursday narrowly defeated a Democratic non-binding motion that would have instructed House conferees on the omnibus energy bill to strike provisions offering producers of the gasoline additive, methyl tertiary butyl ether (MTBE), protection from liability lawsuits stemming from contamination of groundwater sites.

Representative Edward J. Markey (D-MA) said Friday he plans to offer an amendment in the next week to strike language from the House version of the energy bill that would give the Federal Energy Regulatory Commission exclusive authority to regulate liquefied natural gas (LNG) import terminals. House Energy and Commerce Committee Chairman Joe Barton announced Friday that he will hold a full committee markup of the bill beginning Tuesday.

Representative Edward J. Markey (D-MA) said Friday he plans to offer an amendment in the next week to strike language from the House version of the energy bill that would give the Federal Energy Regulatory Commission exclusive authority to regulate liquefied natural gas (LNG) import terminals. House Energy and Commerce Committee Chairman Joe Barton announced Friday that he will hold a full committee markup of the bill beginning Tuesday.

Sen. Maria Cantwell (D-WA), a critic of drilling in Alaska’s Arctic National Wildlife Refuge (ANWR), was expected to offer an amendment Tuesday to strike the pro-ANWR provision from the budget resolution now being considered on the Senate floor.

Atlantic LNG circulated a statement to project partners Wednesday saying that it is too early to conclude that the ongoing strike by workers who are building the facility’s 800 MMcf/d fourth LNG train will delay completion of the expansion project past December 2005.

The Securities and Exchange Commission (SEC) and the Department of Justice announced last Monday that they reached settlements with one of North America’s largest financial institutions, Toronto-based Canadian Imperial Bank of Commerce (CIBC), for its role in defrauding investors in the years leading up to Enron Corp.’s bankruptcy in late 2001.

The Securities and Exchange Commission (SEC) and the Department of Justice announced Monday they have reached settlements with one of North America’s largest financial institutions, Toronto-based Canadian Imperial Bank of Commerce (CIBC), for its role in defrauding investors in the years leading up to Enron Corp.’s bankruptcy in late 2001.

In their first opportunity following the record-setting snowfall in the Northeast over the holiday weekend, natural gas traders bid the market higher in overnight (Monday) Access trading. However, the market could not sustain its early push above the $6.00 mark and sellers were eager to beat it back late Tuesday morning. The March contract finished at $5.911, up 6 cents for the session but more than a dime off its $6.02 top for the session.