article thumbnail

Alabama, Mississippi to assess oil sands resources in their states

Green Car Congress

Alabama and Mississippi are forming a partnership to further study the oil sands resources in the two states, Alabama Governor Robert Bentley and Mississippi Governor Phil Bryant announced on Saturday while speaking to the Southern States Energy Board. The most recent shows an estimated 7.5

Oil-Sands 379
article thumbnail

Osum Oil Sands closes $500M private placement; new investors include government of Singapore

Green Car Congress

Canada-based Osum Oil Sands Corp. McCarthy Tetrault LLP acted as Canadian legal counsel while Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as United States legal counsel to Osum. Stikeman Elliot LLP acted as legal counsel to the KERN led shareholder group. Scotia Waterous Inc.

Oil-Sands 210
article thumbnail

IHS Markit: US oil producers to halt 1.75 MMb/d per day of production; Canada to cut 0.5 MMb/d

Green Car Congress

Due to the collapse in oil prices, IHS Markit expects US producers are in the process of curtailing about 1.75 The oil market fear that characterized March and the extreme price pressure that producers felt in April have galvanized producers across North America into unprecedented action.

Oil 186
article thumbnail

TC Energy seeking $15B in damages from US after revocation of Keystone XL Presidential Permit

Green Car Congress

Canada-based TC Energy Corporation has filed a Notice of Intent to initiate a legacy North American Free Trade Agreement (NAFTA) claim under the United States-Mexico-Canada Agreement to recover economic damages resulting from the revocation of the Keystone XL Project’s Presidential Permit.

Energy 186
article thumbnail

Refiners and Truckers Associations Challenge California LCFS in Federal Court

Green Car Congress

The National Petrochemical & Refiners Association (NPRA) filed a legal challenge to California’s Low Carbon Fuel Standard (LCFS) with the US District Court, Eastern District of California, Fresno Division. Earlier post.). Earlier post.). By regulating the fuel pathway of transportation fuels—i.e., NPRA President Charles T.

article thumbnail

Kinder Morgan to purchase El Paso for approximately $38B to form largest natural gas pipeline network and largest midstream energy enterprise in North America

Green Car Congress

Largest independent transporter of petroleum products in the United States, transporting approximately 1.9 million barrels per day of gasoline, jet fuel, diesel, natural gas liquids and crude oil through more than 8,000 miles of pipelines. Largest transporter of CO 2 in the United States, transporting 1.3

El Paso 225
article thumbnail

Devil in the Details: World Leaders Scramble To Salvage and Shape Copenhagens UNFCCC Climate Summit

Green Car Congress

February, 2008 : Researchers from England, Germany, and the United States proposed replacing the term “tipping point”, which suggests a specific time frame, with “tipping elements” to describe known ecosystems in danger of collapse, yet for which a likely timeframe could not easily be estimated ( earlier post ).

Climate 236