Week in Oil & Gas: Boxer-Kerry Bill, EPA Emissions Rules, and China’s Oil Grab Efforts
Greenhouse gas emissions dominated headlines throughout the week with the introduction of legislation that seeks to reduce greenhouse gas emissions and another government agency jumping into propose its own rules for industrial facilities. The Senate — via co-sponsors Barbara Boxer, D- Calif., and John Kerry, D-Mass. — introduced its version of legislation aimed at reducing greenhouse gas emissions and creating a new clean energy economy. The Clean Energy Jobs and America Power Act is a bit beefier than its counterpart passed in the House this summer. The bill toughens up emissions reductions — 20 percent from 2005 levels by 2020. The bill changes how carbon offsets — clean-energy efforts that farmers and businesses can use to meet emissions standards — are managed and shifts…
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