Did EPA’s New Carbon Emissions Rules Put Coal Industry on Life Support?

It’s not dead yet, but the Environmental Protection Agency’s (EPA) new limits on carbon emissions has all the appearances of putting the U.S. coal industry into a medically-induced coma with the slimmest hope of recovery coming in the uncertain form of carbon capture and sequestration (CCS) technology.
Appearances Can Be Deceiving
The EPA’s new carbon emissions rules apply only to new power plants. That means that it’s unlikely we’ll be seeing many, if any, new coal-fired power plants in the works. But that was already the case, even before the EPA’s new limits, because lower prices on cleaner-burning natural gas have made natural gas-powered plants a more attractive option.
Coal consumption had already fallen by about 5 percent last year, according to the Energy Information Administration (EIA), due to low gas prices driving U.S. utilities away from coal. With natural gas plants emitting about half the carbon dioxide as coal plants and the precedent of these new EPA limitations, don’t expect to see those plants returning to coal any time soon.
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Five Tax Facts That Oil and Gas Executives Should Know

The oil and gas industry has long been a challenging, but exciting area for both United States and foreign tax regimes.   The industry is capital intensive and global, resulting in a myriad of complex tax issues which create planning opportunities for the well-informed and traps for the unsuspecting.  The U.S. hydrocarbon boom and the industry’s continued entry into new jurisdictions, combined with an increase in revenue seeking by tax authorities globally, creates a host of issues for oil and gas executives and tax practitioners. This article addresses some of the more interesting and relevant issues impacting the industry broadly.
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Expanding Asian Markets Look to Scotland for Subsea Expertise

The oil and gas industry has been an influential force in the global economy since its inception, but there has never been a time in its existence when demand and supply have been at such odds. With the fastest growing economies of the world based in Asia, their increasingly sophisticated consumers demand a higher standard of living that requires more energy expenditure, National Oil Companies (NOCs) and associated multinationals within these countries must meet the demand head on by increasing their own oil and gas extraction programs through technological innovations in enhanced recovery and moving further offshore to deep subsea well exploration.
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The Impact of Asian NOCs Changing the Global Competitive Landscape

The national oil companies (NOCs) throughout Asia are participating in the global energy and commodities marketplace in a manner and magnitude we have not yet seen in our lifetimes. With the unprecedented growth in the emerging markets throughout the Asia Pacific region, nations are finding more ways to achieve greater security for themselves in terms of future energy supply and industry competitiveness.
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