U.S. Environmental Protection Agency Administrator Lisa P. Jackson told a Senate committee Tuesday that finding carbon dioxide and other greenhouse gases a threat to public health wouldn’t necessarily mean regulation of emissions. She also faced questions about a memo that refers to possible economic repercussions from regulating greenhouse gases.
A federal court has ordered NRG Energy Inc. to recalculate pension benefits for retired employees despite the power generator's claim that a Chapter 11 bankruptcy plan confirmed in 2003 precludes any responsibility to the retirees.
The Federal Energy Regulatory Commission's organization for maintaining reliability in the nation's bulk electricity power system can continue charging users for its own upkeep based solely on their energy consumption, an appeals court has ruled.
The U.S. Securities and Exchange Commission has accused the former general counsel of Aerokinetic Energy Corp. of violating the registration and anti-fraud provisions of securities laws with an allegedly fraudulent unregistered securities offering at the company.
The Office of Management and Budget has released the final installment of President Obama's budget for 2010, which projects "climate revenues" from a cap-and-trade program over the next 10 years of $624 billion.
A bankruptcy judge has given Bank of America NA the go-ahead to intervene in support of a lawsuit brought by executives of bankrupt oil giant SemGroup LP seeking to remove billionaire John Catsimatidis from the company's management committee.
A putative class action accusing left-wing Venezuelan President Hugo Chavez of aiding terrorist groups the Taliban, al-Qaida and the FARC will add Citgo Petroleum Corp. as a defendant, the plaintiffs' lawyer has said.
An unregistered Texas broker and his top salesman have been hit with charges by the U.S. Securities and Exchange Commission over an alleged scheme to raise millions of dollars from investors to fund dry oil and gas wells.
An administrative law judge has paved the way for Sempra Energy's San Diego utility to pay $920,000 to settle allegations by California regulators that the utility misrepresented facts about the proposed path for an electric transmission line in meetings with state officials.
Energy analysts and officials recommended Tuesday that Congress adopt legislation to add 30 million barrels of refined petroleum to the U.S. Strategic Petroleum Reserve, but cautioned that any such addition would require careful cost oversight to keep storage prices from skyrocketing.
Bankrupt oil company Flying J Inc. has won court approval for $20 million in debtor-in-possession financing provided by a group of investors, and for a $1.5 million increase to a $10 million DIP facility provided by Merrill Lynch Commodities Inc.
Though President Barack Obama projected in February that the government would take in $646 billion over 10 years from the sale of allowances under a cap-and-trade program, it now appears that, at least initially, most allowances will be handed out for free.
White Energy Inc. has joined the long line of ethanol producers to file for Chapter 11 protection, blaming skyrocketing commodity prices and investor speculation for the move.
As the Waxman-Markey climate bill moves through the U.S. House of Representatives, jurisdictional fights are shaping up over which federal agencies would regulate a cap-and-trade system.
A judge has allowed Crusader Energy Group Inc. to extend the interim use of cash collateral and to pay noninsider employees retention incentives in the oil and gas exploration company's effort to keep functioning during its Chapter 11 proceedings.
Noble Energy Inc. has filed a suit to get reimbursement from The Prospective Investment and Trading Co. for a settlement Noble paid out to Dore Energy Corp. in a lawsuit Dore brought against Noble and numerous others — including Exxon Mobil Corp. — over alleged environmental contamination.
Industrial and environmental leaders have thrown their support behind a bill sponsored by Sen. Jeff Bingaman, D-N.M., that aims to launch a pilot program to store large quantities of carbon dioxide emissions underground, saying that the time has come to enact a regulatory and legal framework encouraging large-scale carbon sequestration development.
Anadarko Petroleum Co. and two related oil production companies have agreed to pay a $1 million fine and spend $8 million on upgrading spill prevention and response plans to resolve charges stemming from an oil spill in Wyoming, the U.S. Environmental Protection Agency announced Thursday.
The U.S. Court of Appeals for the Second Circuit has reversed a decision that barred New York State Electric and Gas Corp. from amending a complaint seeking cleanup costs from FirstEnergy Corp. under the Comprehensive Environmental Response, Compensation and Liability Act.
Montana Gov. Brian Schweitzer on Wednesday signed a bill detailing a statewide system to regulate carbon emissions storage, following a yearlong battle in the Montana Legislature over who would oversee permitting processes and how they would be enforced.