Erie, CO, officials voted 6-1 Monday night to end a six-month moratorium on new oil and natural gas drilling after securing agreements with producers that place stricter regulations on their operations.
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Chenango, NY, Considering One-Year Moratorium on Oil, Gas Activities
Elected officials in the Town of Chenango, NY, voted unanimously on Wednesday to schedule a public hearing over whether to enact a one-year moratorium on oil and natural gas activities, including hydraulic fracturing (fracking).
CFTC Proposes to Exempt Inter-Affiliate Swaps from Clearing
The Commodity Futures Trading Commission (CFTC) Thursday voted out a proposed rule to exempt swaps between certain affiliated entities within a corporate group from the clearing requirement under the Dodd-Frank Wall Street Reform Act.
Appeals Court Overturns EPA Disapproval of Texas Air Permitting
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit voted 2-1 on Monday to vacate the Environmental Protection Agency’s (EPA) disapproval of the Texas Commission on Environmental Quality’s (TCEQ) Flexible Permits Program.
Senate Panel Advances Bill to Hike CFTC, SEC Spending
A Senate appropriations subcommittee Tuesday voted out a spending bill that would significantly raise spending for the Commodity Futures Trading Commission and the Securities and Exchange Commission (SEC) to oversee the multi-trillion-dollar derivatives market. The full Senate Appropriations Committee is expected to vote on the measure later this week.
Pennsylvania Warns Pipeline Operators on Reporting
The Pennsylvania Public Utility Commission (PUC) is skeptical of information pipeline operators have submitted to comply with a new state registry, the chairman of the agency told a Pittsburgh audience Friday.
New Brunswick Ordered Anti-Fracking Signs Taken Down
An investigation by the Canadian Broadcasting Corp. (CBC) has revealed that a political assistant to New Brunswick’s energy minister asked the province’s electric utility, NB Power, to remove anti-shale signs from its utility poles last summer.
CFTC Votes Out Final Rule on Clearing of Swaps
The Commodity Futures Trading Commission (CFTC) Tuesday voted out a final rule that will “democratize the markets” by broadening access to real-time central clearing, according to Chairman Gary Gensler. The rule is designed to bolster competition in the multi-trillion-dollar swaps market and help commercial customers by providing hedging opportunities with lower risk and volatility.
Colorado Lawmakers Reject Ban on Local Gas Rules
As predicted, the Colorado Senate Local Government Committee Thursday voted 4-1 to reject a proposal to prevent local governments from regulating oil/gas drilling activity in their jurisdictions.
House Panel Votes to Repeal Ban on Derivatives Trading by Banks
The House Financial Services Committee has voted out a bill (HR 1838) that would repeal a provision in the Dodd-Frank Wall Street Reform Act requiring major banks to conduct their trading of derivatives through affiliates.