Wednesday, March 20, 2013

Phillips 66 Signs Deals to Boost Oil Deliveries by Pipe, Rail

Bloomberg: Phillips 66 (PSX) will increase deliveries of cheaper crudes to its refineries nationwide by as much as 130,000 barrels a day under three transportation deals and a new investment. The steps announced by the company today are the latest in a series of moves by Phillips to take advantage of rising North American oil production, following rail-car and tanker-ship orders and a 50,000-barrel-a-day deal with Global Partners LP. (GLP) "It solidifies the idea that if you're a refinery bringing in...

URL: http://www.bloomberg.com/news/2013-03-20/phillips-66-signs-deals-to-boost-oil-deliveries-by-pipe-rail.html

Kerry: Policymakers 'toy' with oceans by not addressing climate

The Hill: Secretary of State John Kerry said during a Monday speech in Washington, D.C., that policymakers have "the responsibility as human beings" to combat climate change in defense of oceans and aquatic ecosystems. Kerry called climate change an economic and national security issue -- as well as an environmental one -- because it affects oceans, aquatic ecosystems and the food they produce. "Climate change is coming back in a sense as a serious international issue because people are experiencing...

URL: http://thehill.com/blogs/e2-wire/e2-wire/288977-kerry-do-not-toy-with-oceans-by-failing-on-climate

Green groups press EPA for climate rule industry loathes

Bloomberg: Environmental groups are stepping up pressure on President Barack Obama to issue the first greenhouse-gas limits for power plants as the utility industry seeks to weaken the standards before a deadline next month. The Sierra Club and its allies say a top priority for Obama in meeting his second-term pledge to deal with climate change is for his Environmental Protection Agency to issue restrictions on carbon dioxide coming from power plants. They warned against bowing to industry criticism and...

URL: http://www.bloomberg.com/news/2013-03-20/green-groups-press-epa-for-climate-rule-industry-loathes.html

Canadian and U.S. natives vow to block oil pipelines

Reuters: An alliance of Canadian and U.S. aboriginal groups vowed on Wednesday to block three multibillion-dollar oil pipelines that are planned to transport oil from the Alberta tar sands, saying they are prepared to take physical action to stop them. The Canadian government, faced with falling revenues due to pipeline bottlenecks and a glut that has cut the price for Alberta oil, say the projects are a national priority and will help diversify exports away from the U.S. market. But the alliance of...

URL: http://uk.reuters.com/article/2013/03/20/canada-pipelines-aboriginals-idUKL1N0CCB7720130320

U.K. Pledges Tax Breaks for Shale Gas, Low Emissions Cars

Bloomberg: U.K. Chancellor of the Exchequer George Osborne offered tax breaks to low emissions vehicles while promising support for shale gas developers and energy- intensive industries in his annual budget today. Osborne told lawmakers the U.K. will support the manufacture of "ultra-low emission vehicles" with tax incentives. He also said he'll bring in a "generous new tax regime" to promote early investment in shale gas, and will exempt ceramics and other industries from the climate change levy, a tax...

URL: http://www.bloomberg.com/news/2013-03-20/u-k-pledges-tax-breaks-for-shale-gas-low-emissions-cars.html

Global warming could fuel European hurricanes

Summit County: European climate scientists say global warming will drive a northeastward expansion of the tropical Atlantic hurricane breeding ground, with four times as many storms of tropical origins affecting parts of Western Europe in coming decades. In the Bay of Biscay, the number of storms with tropical-storm-force winds could increase from 2 to 13 by the end of the century, said researcher Reindert Haarsma. The initial results suggest that the impacts may not be as great in the low-lying Netherlands...

URL: http://summitcountyvoice.com/2013/03/20/global-warming-could-fuel-european-hurricanes/
Enclosure: http://summitvoice.files.wordpress.com/2013/03/655px-helene_2006_track.png?w=300&h=274

Chevron, Green Groups Agree Set Standards for Shale Gas

Bloomberg: Chevron Corp. (CVX) joined natural gas producers and environmental groups to form an independent center that will set standards for drilling by hydraulic fracturing in the U.S. Appalachian region. Gas output in Pennsylvania, Ohio and West Virginia is booming as drillers unlock shale deposits using the process, also called fracking, that shoots water, sand and chemicals underground to crack rock and free trapped gas. The process has spurred complaints from landowners and environmental groups about...

URL: http://www.bloomberg.com/news/2013-03-20/chevron-green-groups-agree-set-standards-for-shale-gas.html