• 15 mins Kuwait Greenlights Game-Changing Gas Fields Project After Years of Delay
  • 45 mins Minnesota Begins Public Hearings On Enbridge Line 3 Project
  • 1 hour China Looks To Create National Natural Gas Pipeline Firm
  • 2 hours Total Not In A Rush To Sell Canadian Oil Sands Assets
  • 2 hours DOE Seeks To Boost Usage Of Carbon Capture Tech
  • 3 hours Taxpayers Likely To Pick Up The Growing Tab For DAPL Protests
  • 6 hours WTI At 7-Month High On Supply Optimism, Kurdistan Referendum
  • 12 hours Permian Still Holds 60-70 Billion Barrels Of Recoverable Oil
  • 17 hours Petrobras Creditors Agree To $6.22 Billion Debt Swap
  • 21 hours Cracks Emerge In OPEC-Russia Oil Output Cut Pact
  • 1 day Iran Calls On OPEC To Sway Libya, Nigeria To Join Cut
  • 1 day Chevron To Invest $4B In Permian Production
  • 1 day U.S.-Backed Forces Retake Syrian Conoco Gas Plant From ISIS
  • 1 day Iraq Says Shell May Not Quit Majnoon Oilfield
  • 4 days Nigerian Oil Output Below 1.8 Million BPD Quota
  • 4 days Colorado Landfills Contain Radioactive Substances From Oil Sector
  • 4 days Phillips 66 Partners To Buy Phillips 66 Assets In $2.4B Deal
  • 4 days Japan Court Slams Tepco With Fukushima Damages Bill
  • 4 days Oil Spills From Pipeline After Syria Army Retakes Oil Field From ISIS
  • 4 days Total Joins Chevron In Gulf Of Mexico Development
  • 4 days Goldman Chief Urges Riyadh To Get Vision 2030 Going
  • 4 days OPEC Talks End Without Recommendation On Output Cut Extension
  • 5 days Jamaican Refinery Expansion Stalls Due To Venezuela’s Financial Woes
  • 5 days India In Talks to Acquire 20 Percent Of UAE Oilfield
  • 5 days The Real Cause Of Peak Gasoline Demand
  • 5 days Hundreds Of Vertical Oil Wells Damaged By Horizontal Fracking
  • 5 days Oil Exempt In Fresh Sanctions On North Korea
  • 5 days Sudan, South Sudan Sign Deal To Boost Oil Output
  • 5 days Peruvian Villagers Shut Down 50 Oil Wells In Protest
  • 5 days Bay Area Sues Big Oil For Billions
  • 6 days Lukoil Looks To Sell Italian Refinery As Crimea Sanctions Intensify
  • 6 days Kurdistan’s Biggest Source Of Oil Funds
  • 6 days Oil Prices On Track For Largest Q3 Gain Since 2004
  • 6 days Reliance Plans To Boost Capacity Of World’s Biggest Oil Refinery
  • 6 days Saudi Aramco May Unveil Financials In Early 2018
  • 6 days Has The EIA Been Overestimating Oil Production?
  • 6 days Taiwan Cuts Off Fossil Fuels To North Korea
  • 6 days Clash In Oil-Rich South Sudan Region Kills At Least 25
  • 6 days Lebanon Passes Oil Taxation Law Ahead Of First Licensing Auction
  • 7 days India’s Oil Majors To Lift Borrowing To Cover Dividends, Capex
North Sea Oil Sees Investment Rush

North Sea Oil Sees Investment Rush

The North Sea oil industry…

James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

New EPA Rules Seek to Usher in Coal-less Era

The Environmental Protection Agency (EPA) has published new regulations that aim in the long-term to shut down old polluting coal plants and prevent the building of new ones.

On 2 January, the Obama administration released the details of the new regulations, published by the EPA in their final version on 3 January, which are intended to make it easier to pursue new technology that would allow for the cleaner operation of new coal-fired plants.

The new EPA rules seek to remove obstacles to the implementation of carbon capture and sequestration (CSS) technology, without which coal plants will not be able to meet new emission standards meant to combat climate change.

“EPA expects that this amendment will substantially reduce the uncertainty associated with identifying these CO2 streams under RCRA subtitle C, and will also facilitate the deployment of (geologic sequestration) by providing additional regulatory certainty,” the 58-page rule states.

The rules have engendered partisan sentiments, with Republicans and allied business groups referring to them as part of the all-out war on coal and criticizing carbon capture technology as embryonic at best, while Democrats and supporters of the measures say they are essential to halting worsening climate change.

CSS technology is the idea of capturing carbon emissions before they are released from plants and injecting them underground for long-term storage through geologic sequestration.

While environmentalists have largely supported the Obama administration’s moves to clean up coal, some note that the eventual shut down of US coal plants in the face of growing US coal exports simply means that the EPA is shifting the global emissions problem to other countries more dependent on coal.

According to Politico, the new rules will result in a sharp drop in the economic viability of coal-fired power, which is already on the decline, dropping from nearly half of the US power market in 2008 to about 37% today, while industry analysts say hundreds of older coal-fired units will shut down for good in the next few years.  

There is significant—again partisan—disagreement about what will happen as a result of the EPA’s efforts to minimize the use of dirty coal on the US energy equation.

Laura Sheehan, a senior vice president of the American Coalition for Clean Coal Electricity, was quoted as saying that dozens of states will see “dire social, economic and electric reliability consequences of taking coal offline.”

On the other side of the divide, Politico quoted Jennifer Macedonia of the Bipartisan Policy Center as saying that the reverberations—at least for the consumer—will be minimal. “While many coal plants are expected to close, for a variety of reasons we are unlikely to fee it at the light switch,” she said.

By. James Burgess of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News