For months, lobbyists for refiners such as Valero Corp. and Exxon Mobil Corp. have warned that a U.S. law requiring increased use of ethanol would result in a mandate to add more of the fuel than they could safely blend into gasoline.
Plans to reduce the carbon content of U.S. transportation fuels are likely to boost oil imports from the Middle East and lead to more pollution from diesel-fueled tankers, according to a report commissioned by the National Petrochemical and Refiners Association .
It’s an article of faith among supporters of the proposed Keystone XL pipeline: approving the project would allow the U.S. to use more crude from Canada and less from Venezuela and other unfriendly regimes.
Enbridge Inc.’s plan for a pipeline to carry oil-sands crude from Canada to the Texas Coast may gain a competitive advantage from the U.S. State Department’s demand for further study of TransCanada Corp.’s rival Keystone XL line.
Jeffrey David Gunselman, the chief executive officer of defunct bio-diesel fuel company Absolute Fuels LLC, was indicted by a federal grand jury in Texas on charges he schemed to generate fake renewable fuel credits and sell them to oil companies and brokers.
The 50 state attorneys general probing U.S. foreclosure practices will first settle with the five largest loan servicers, including Bank of America Corp. and JPMorgan Chase & Co. , Iowa Attorney General Tom Miller said.
Before the notice was issued, the top official in Texas for the U.S. Environmental Protection Agency alerted health advocates that an emergency order was being issued against gas-driller Range Resources Corp.