Tag Archives: energy companies
JPMorgan banksters to settle in price manipulation scheme
JPMorgan Chase, the Wall Street giant whose reputation in Washington has eroded in a matter of months, is now moving to avert a showdown over accusations that it manipulated energy prices. http://dealbook.nytimes.com/2013/07/17/jpmorgan-in-talks-to-settle-energy-manipulation-case-for-500-million/?hp The nation’s largest bank is seeking to settle with the federal agency that oversees the energy markets. The regulator, the Federal Energy Regulatory […]
Energy lobby thwarts EPA
The EPA delayed issuance of a new rule limiting emissions of carbon dioxide and other greenhouse gases from new power plants after the electric power industry objected. http://www.nytimes.com/2013/04/13/science/earth/epa-to-delay-emissions-rule-at-new-power-plants.html?ref=us The rule would have put in place the first restrictions on climate-altering gases from the power sector in the United States. Agency officials said it would be […]
Fracking causes earthquakes
Scientists say wastewater injection from hydraulic fracturing was linked to a magnitude-5.7 earthquake that struck the US state of Oklahoma. http://www.bbc.co.uk/news/science-environment-21952428 The practice risks causing seismic events and contaminating groundwater. The study in Geology shows that “induced seismicity” can occur years after wastewater injection begins. The new study adds to an increasing body of evidence […]
Dirty Babylon 