Opponents of hydraulic fracturing for natural gas, or fracking, demonstrate on the campus of Binghamton University hours before President Barack Obama is scheduled to speak about affordable college education during a town hall meeting, Friday, Aug. 23, 2013, in Vestal, N.Y. Obama is on a the second day of his two-day bus tour in upstate New York and Pennsylvania. (AP Photo/Mike Groll)

New York formalizes ban on fracking, ending seven-year review

on
Department of Environmental Conservation Commissioner Joe Martens announced the decision Monday, saying a ban was the “only reasonable alternative” after “years of exhaustive research and examination of the science and facts.”
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

Supreme court rejects BP, Anadarko appeals over Gulf oil spill fines

on
A federal appeals court last year upheld Barbier’s conclusion about BP’s and Anadarko’s liability under the Clean Water Act. The offshore explosion released millions of barrels of oil into the Gulf, the largest spill in U.S. history.
Workers remove the drill pipe on the drilling floor of Development Driller III, which drilled the relief well and pumped the cement to seal the Macondo well, the source of the Deepwater Horizon rig explosion and oil spill, in the Gulf Of Mexico, off the coast of Louisiana, Saturday, Sept. 18, 2010. (AP Photo/Gerald Herbert)

Greek crisis, Iran talks weigh on crude prices

on
Oil prices tumbled Monday as Greek banks shut down ahead of the country’s deadline to avoid a sovereign debt default that could slam European financial markets.
Categories: Crude oil, Deals
(AP Photo/Matthew Brown, File)

Supreme Court rules against EPA power plant mercury limits

on
The rules began to take effect in April, but the court said by a 5-4 vote Monday that the Environmental Protection Agency failed to take their cost into account when the agency first decided to regulate the toxic emissions from coal- and oil-fired plants.
(AP Photo/Matthew Brown, File)

U.S. railroads slumping on Wall Street amid coal, crude oil cargo squeeze

on
The dwindling volumes for coal, oil and grain are magnified in contrast with last year’s surges. Petroleum carloads, chiefly crude, are down 0.6 after 2014’s 13 percent increase.
Great Britain Prime Minister David Cameron visits the Total Oil Depot shale drilling site in Gainsborough, Lincolnshire in England on January 13, 2014.  French company Total confirmed it will invest about £30 million in the shale drilling project in Gainsborough, and it is believed to be the first major energy firm to invest in U.K. fracking. Prime Minister David Cameron indicated councils would receive a significant financial boost from the business rates collected from controversial shale gas schemes, with local authorities receiving 100 percent of the business rates, double the usual 50 percent. (WPA Pool/Getty Images)

U.K. shale well rejected in blow to David Cameron’s fracking ambitions

on
Opposition to hydraulic fracturing has stymied development of the U.K.’s shale industry since a drilling moratorium was lifted in 2012. The U.K. government has promoted fracking by cutting taxes and relaxing planning rules to try to lower reliance on imported gas.
(Paul White/(AP photo)

Repsol’s CEO courts skeptical investors after $13 billion deal

on
Based on analysts’ target prices, Repsol is expected to underperform the 18-member Bloomberg Intelligence Global Integrated Oil Index. That’s despite it being only one of five companies where profits are predicted to rise next year.
FILE - In this April 11, 2015, file photo, U.S. President Barack Obama, right, and Brazilian President Dilma Vana Rousseff shake hands during their bilateral meeting at the Summit of the Americas in Panama City, Panama. Rousseff visits Washington and will meet with Obama on June 29 and 30. (AP Photo/Pablo Martinez Monsivais, File)

Climate top item for Obama sit-down with Brazil leader

on
The meeting comes six months before world leaders gather at a United Nations-sponsored conference in Paris in December to finalize a climate treaty. Obama has argued that a gradually warming planet could worsen social tensions and political instability worldwide, in addition to harming the U.S.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Iran nuclear deal’s final push sees Kerry, Zarif meet in Vienna

on
Diplomats have predicted talks will run past the June 30 deadline and that foreign ministers from the other negotiating countries — China, France, Germany, Russia and the U.K. — will need to join in.
FILE - In this May 21, 2015, file photo, a worker removes oil from sand at Refugio State Beach, north of Goleta, Calif. An underground pipe, owned by Plains All American Pipeline, spewed oil down a culvert and into the Pacific on May 19 before it was shut off. Democratic U.S. Sens. Barbara Boxer and Dianne Feinstein say the response to the oil spill that blackened beaches and created a 10-square-mile slick on the ocean was "insufficient." and called on federal regulators to provide more details on the activities and decisions by Plains. (AP Photo/Jae C. Hong, File)

California oil spill gushed like hose ‘without a nozzle’

on
An employee at the scene for Plains All American Pipeline initially suggested to firefighters that the spill “was too big to be from their pipeline,” according to the documents obtained by The Associated Press.