President Obama has proposed a $10-per-barrel tax on oil, phased in over five years, to fund transportation-related projects including new railroad lines, improvements to roads and highways, preparation for self-driving cars and other “clean transportation” initiatives. The proposed tax was … Continue reading
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Environmentalists have asked the Department of the Interior to study possible climate effects arising from the leasing of public lands for oil and gas leases. The petition claims that oil and gas production on federal lands results in more than … Continue reading
Chevron Corporation (NYSE: CVX) reported a loss of $588 million, or $0.31 per share, for the fourth quarter of 2015, compared with earnings of $3.5 billion, or $1.85 per share, in the 2014 fourth quarter. Full-year 2015 earnings of the … Continue reading
Chevron Corporation (NYSE:CVX) announced that its Unocal East China Sea Ltd. subsidiary has begun natural gas production from the first stage of its Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by an … Continue reading
Gov. Jerry Brown has reappointed three California regulators to their energy-related positions. Janea Ashanti Scott, 42, of Sacramento, was reappointed to the California Energy Commission, where she has served since 2013. … Continue reading
With solar and wind power making distributed generation an increasing factor in California’s energy market, utilities face the challenge of covering their fixed costs. A new tariff issued by California to Sempra Energy’s Southern California Gas Co. aims to benefit … Continue reading