Tax credits for the production of wind power and other renewable energy sources face expiration at year’s end amid few signs Congress will decide to continue them, tax lobbyists and other analysts say.
Crude oil shipped by railroad from North Dakota is drawing fresh scrutiny from regulators concerned that the cargo is adding environmental and safety hazards, something that analysts say could raise costs.
Keystone XL backers say the proliferation of alternative projects, such as one to carry oil- sands crude to a Canadian seaport that advanced yesterday, undercuts opponents who claim blocking the pipeline will keep the high-carbon fossil fuel in the ground.
A Republican takeover of the House of Representatives and other election victories yesterday may mean that U.S. subsidies aiding ethanol producers will be cut after the party pledged to reduce government spending.
The U.S. oil industry, riding a domestic energy boom, is preparing to challenge restrictions on crude exports, possibly by arguing that limits designed to keep petroleum in America may violate international trade rules.