U.S. Energy Secretary Steven Chu said Thursday he will push for billions of dollars in new loan guarantee authority to help rejuvenate a domestic industry and cut greenhouse gas emissions.
Although companies have submitted 18 new nuclear power plant license applications to the Nuclear Regulatory Commission, the Department of Energy only has authority for $18.5 billion, enough for four to five plants.
Source: Dow Jones Newswires
Republicans are trying to block the Obama administration for a year from issuing regulations restricting carbon dioxide emissions from power plants, oil refineries and factories.
The threat of the Environmental Protection Agency regulating so-called greenhouse gases is being used as a “hammer” to pressure Congress to pass a national “cap- and- trade” program to restrict emissions, Senator Lisa Murkowski, an Alaska Republican on the Senate Energy and Natural Resources Committee, said in an interview.
Source: Bloomberg
The Senate on Wednesday voted against an attempt by Republicans to keep in place a plan by the Bush administration to allow oil and gas drilling along the Atlantic and Pacific coasts.
The 56-42 vote killed a proposal by Sen. David Vitter, R-La., that would have blocked the Obama administration from pursuing its own policy on offshore drilling.
Source: AP
Kuwaiti Oil Minister Sheikh Ahmad Al-Abdullah Al-Sabah and state-run PetroVietnam Chairman Dinh La Thang on Monday agreed to reinforce their cooperation toward success of the planned refining and petrochemical joint venture between Kuwait, Vietnam and Japan.
Thang sought support from Shiekh Ahmad that Kuwait will create favorable conditions for PetroVietnam in oil and gas industry, including upstream projects.
Source: Global Arab Network
BioteQ Environmental Technologies, Inc. is preparing to restart the suspended water treatment operations at Aditya Birla's Mt. Gordon copper mine in Australia.
The operations were shut down in January following a powerful storm that damaged some of BioteQ's equipment and other infrastructure.
Source: The Canadian Press
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