Both federal and state governments must play a role if the United States is to successfully reduce its carbon footprint, according to a white paper released Monday by the U.S. House of Representatives Committee on Energy and Commerce.
Energy services firm Flowserve Corp. agreed Thursday to shell out over $10 million to settle charges that it paid kickbacks to the Iraqi government in exchange for contracts under the scandal-ridden United Nations oil-for-food program.
Securities plaintiffs firms are beginning to circle Orion Energy Systems Inc. for allegedly inflating its market price by withholding information from investors.
A group of energy companies at the center of an alleged conspiracy to fix wholesale natural gas prices suffered a blow on Tuesday when a federal judge denied its motion for summary judgment in order to give the plaintiffs the chance to conduct discovery.
The British energy regulator kicked off an investigation on Thursday into the U.K.'s gas and electricity industries, digging into allegations that the markets stifle competition and encourage collusion between dominant players.
In a move toward greater transparency and modernization, the U.S. Securities and Exchange Commission is considering revisions to the rules for companies reporting oil and gas reserves. The rules have not been changed in nearly three decades.
Residents who live near the site of BP Plc's Texas City, Texas, refinery say their health has declined since the 2005 blast that killed 15 employees and injured more than 170, according to a new study from the University of Texas.
A Pennsylvania state judge has given his blessing to eight miners seeking to press forward with their case against PBS Coals, more than five years after the group became temporarily trapped underground when a mineshaft run by the company flooded.
The U.S. Federal Energy Regulatory Commission said on Wednesday that it was preparing an environmental impact statement for a planned liquid natural gas terminal in Maine, promising to move the controversial project closer to regulatory approval.
The Alaska Supreme Court has agreed with a determination by the state's regulatory commission that owners of the Trans-Alaska Pipeline should refund part of the shipping rates they charged refiners from 1997 to 2000.
As Iberdrola SA attempts to move forward with a takeover bid, the Spanish Competition Commission has hit the energy Goliath with a €15.4 million fine for allegedly abusing its dominant position in the country's electricity marketplace.
Victims of the 2005 explosion at BP PLC's Texas City, Texas, refinery are pushing to increase the oil giant’s current $50 million agreement with the U.S. Department of Justice, arguing that the fine should fall in the range of $400 million to $3.2 billion.
The Massachusetts attorney general and other state officials are calling on the U.S. Nuclear Regulatory Commission to overhaul the licensing renewal procedure for nuclear power plants. The state officials are concerned about an internal agency report that seems to suggest that the process is not as tight as it should be.
Lawyers tussled Tuesday in front of the U.S. Supreme Court over how broad the Federal Energy Regulatory Commission's authority to reconsider long-term wholesale power contracts ought to be, and specifically whether the agency needs to re-examine certain contracts assigned at the height of California's 2000-01 energy crisis.
Though consumers may think a return to a regulated industry will bring an end to rising energy costs, regulators remain steadfastly against the idea as they work toward "perfect competition," according to the chairman of the U.S. Federal Energy Regulatory Commission.
The Kansas House of Representatives passed an energy bill Tuesday that would allow Sunflower Electric Power Corp. to build two coal-fired power plants in the southwestern portion of the state.
A group — made up of almost 50 American and European pension funds, state and local comptrollers, financial firms and foundations that control some $1.75 trillion in total assets — has agreed to funnel close to $10 billion toward enhancing energy efficiency and encouraging green technology.
Instituting a carbon dioxide tax is a more efficient way of controlling carbon dioxide emissions than cap-and-trade approaches, according to a new report from the U.S. Congressional Budget Office.
Venezuela's oil minister, Rafael Ramirez, confirmed Tuesday that the country is making plans to sue Exxon Mobil Corp. over claims of unreported oil production by the company in a move that could redraw the battle lines between the two.
Venezuela has reportedly agreed to pay Italian energy company Eni SpA $700 million to settle a dispute over the country’s nationalization of an Eni oil field in 2006.