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(AP Photo/Charlie Riedel)

Shell may boost internal carbon price as emission rules tighten

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Royal Dutch Shell Plc may boost the internal carbon emissions price it uses for planning new projects if governments tighten climate rules, according to an executive in its emissions unit.
Actress Daryl Hannah is arrested by U.S. Park Police in front of the White House in Washington during a protest against the Keystone oil pipeline.  (AP Photo/Evan Vucci)

Analysis: Celebrities’ Keystone activism outweighs pipeline’s climate impact

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Actress Daryl Hannah hasn’t chained herself to the White House fence in support of tougher power plant emissions. Maybe she should.
(Luke Sharrett/Bloomberg)

Chamber study predicts Obama climate rule will kill jobs

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The nation’s biggest business lobby says President Barack Obama’s plan to tackle climate change could cost the U.S. economy $50 billion a year. Supporters predict it will create jobs and lower power bills.
A thick cloud of fog and morning light engulfs wind turbines at the BP Sherbino Mesa II Wind Farm in Fort Stockton. ( Michael Paulsen / Houston Chronicle )

Fracking sucks money from wind while China eclipses US

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U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.
Greenpeace International activists from eight countries scale and occupy Statoil contracted oil rig Transocean Spitsbergen on May 27, 2014 to protest the company's plans to drill the northernmost well in the Norwegian Arctic at the Apollo Prospect of the Barents Sea, close to the Bear Island nature reserve. (Greenpeace)

Statoil rig kept idle in Arctic by Greenpeace activists (photos)

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Greenpeace activists occupied a Statoil ASA rig in Norway’s Arctic Barents Sea for a second day, preventing it from reaching the nation’s northernmost oil exploration well the protesters say may harm the environment.
Categories: Arctic, Environment
(StockMonkeys.com/Flickr)

Phillips 66 says court supports Sweeny takeover from PDVSA

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The International Chamber of Commerce’s Court of Arbitration last month upheld Phillips 66’s right to exercise a call option in 2009 and assume PDVSA’s interest in Merey Sweeny LP, Rich Johnson, a spokesman for the Houston-based refiner, said in an e-mail Wednesay.
Albert Chao, CEO of Westlake Chemical Corp. (Photo: Houston Chronicle, Mayra Beltran / HC)

Westlake buys European resins maker for $667M

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“The acquisition of Vinnolit is an excellent strategic fit for Westlake,” Chief Executive Officer Albert Chao said.
Categories: Chemicals
(Nabors photo)

Nabors defends two board members targeted by proxy advisers

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Nabors Industries defended the records of two directors, saying shareholders should ignore recommendations from two proxy advisers that they be voted off the board at the next election.
(Image: Fotolia)

Anadarko’s $5 billion pollution settlement wins approval

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Anadarko Petroleum Corp.’s agreement to pay $5.15 billion for pollution cleanup across the U.S. was approved over objections from people who said their illnesses won’t be properly compensated.
(Photo: Fotolia)

Japanese lawmakers to lobby for Russian gas pipeline

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Japanese lawmakers are reviving efforts for a $5.9 billion natural gas pipeline from Russia to cut energy costs after the Fukushima nuclear disaster.