Loren Steffy

Insight from the Houston Chronicle's business columnist
Workers move a section of well casing into place at a Chesapeake Energy natural gas well site. (AP file photo/Ralph Wilson)
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How new fracking disclosure laws stack up

President Obama vowed in his State of the Union speech to make oil companies provide more disclosure of the fluids used in hydraulic fracturing, and last week, the Houston Chronicle obtained a draft proposal of the new federal rules. As Fuelfix reported at the time:  More »
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How new fracking dislosure laws stack up

New federal laws require oil companies to disclose the contents of fracking fluids, but exemptions may allow them to exclude the concentration of hazardous chemicals.  More »
Eugene Isenberg
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Steffy: Nabors’ execs tout charity, but donations pale compared with pay policies

As a general rule, corporate giving is a good thing. Unless, of course, it’s used to downplay corporate taking.  More »
A wind poer plamt in northwest China's Shaanxi Province.  (Photo: Xinhua/Liu Xiao)
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Executives no longer blown away by renewable energy prospects

Wind and solar energy companies are finding it more difficult to attract top executives. As recently as four years ago, renewable energy companies were able to lure managers from Silicon Valley with the promise of tech-industry-like stock options and the chance to lead the fight against global warming.  More »
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Executives no longer blown away by renewable energy prospects

Wind and solar energy companies are finding it more difficult to attract top executives. As recently as four years ago, renewable energy companies were able to lure managers from Silicon Valley with the promise of tech-industry-like stock options and the chance to lead the fight against global warming. Now, as Bloomberg News points out, mounting [...]  More »
Eugene Isenberg
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Nabors’ charity effort pales against executive pay

When Nabors Industries’ overpaid chairman, Eugene Isenberg, agreed last week to give up his $100 million severance, the word “charity” came up a lot. Isenberg himself said he hoped that the company used “a substantial portion of these savings for worthy charitable purposes.”  More »
A lawsuit claims that Goldman Sachs' involvement steered El Paso into Kinder Morgan's arms for a lower price than the company was worth. Photo: Richard Drew / AP
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Steffy: Goldman Sachs worked both sides in El Paso deal

Wall Street wins again.  More »
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Nabors’ charity effort pales against executive pay

When Nabors Industries’ overpaid chairman, Eugene Isenberg, agreed last week to give up his $100 million severance payment, the word “charity” came up a lot. But how much is he really giving?  More »
Eugene Isenberg
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Lo and behold, boards put the brakes on CEO pay

Facing measures that will hold directors more responsible for runaway executive pay, the boards of two major local employers are already changing their habits.  More »
(AP file photo/David J. Phillip)
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Did Goldman conflicts taint Kinder Morgan-El Paso deal?

Conflict allegations by El Paso Corp. shareholders attempting to block the pipeline company’s takeover by Kinder Morgan are “serious,” a Delaware judge declared Thursday. But he may not do anything about it.  More »
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Did Goldman conflicts taint Kinder Morgan-El Paso deal?

Conflict allegations by El Paso Corp. shareholders attempting to block the pipeline company’s takeover by Kinder Morgan are “serious,” a Delaware judge declared Thursday. But he may not do anything about it. Chancery Court Judge Leo Stine said he didn’t want to issue an injunction in the case because shareholders can still vote it down, [...]  More »
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Locking myself out of CERAWeek

Yesterday, I tried to register for CERAWeek, the annual oil industry confab next month. The computer, of course, asked me to create a password. I entered an easy one that I could remember. It wasn’t a great password, I’ll admit, but this is a conference registration, not an application for Pentagon clearance. Not good enough. [...]  More »
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