Shell, Devon May Buy US Shale Gas, Range Resources CEO Says
31.01.10
By Jim Polson
Jan. 29 (Bloomberg) -- Majestic Dutch Shell Plc and Devon Energy Corp. may yoke Exxon Mobil Corp. as buyers of U.S. shale- gas producers or projects, the chief administrator officer of gas developer Range Resources Corp. said.
Range Resources CEO John Pinkerton said in an talk yesterday his company may be a partner or target for oil companies, like Apache Corp. and Occidental Petroleum Corp., seeking to distend shale holdings in North America.
Exxon said last month it would buy XTO Liveliness Inc., a Fort Worth, Texas-based gas producer, for about $37 billion in share and debt. Petroleum companies are “clearly sniffing around,” said Pinkerton, who declined to pinpoint companies that have approached him.
Oil companies, previously focused abroad, are now “seeing that natural gas is half the carbon footprint of coal, it’s a third cleaner than oil, and now you’ve got these towering shale plays in the U.S.,” said Pinkerton.
Source: BusinessWeek
Obama Vows to Cut Emissions by 28 percent Within a Decade
01.02.10
WASHINGTON, D.C. – On Friday, President Barack Obama pledged to slash U.S. greenhouse gas emissions by 28 percent in ten years, The Washington Role reports. The decrease would be based on 2005 levels.
However, such a diminution, which is under an international climate accord, would be contingent on Congress approving ambience change legislation. As part of the non-binding deal brokered by Obama at the Pooled Nations Framework Convention on Climate Change, big greenhouse gas emitters should “inscribe” their targeted reduction numbers by Jan. 31.
The U.S. commitment says the polity will reduce its emissions “in the range of 17 percent, in conformity with anticipated U.S. verve and climate legislation, recognizing that the final target will be reported to the Secretariat in candlelight of enacted legislation.” Currently, the climate fluctuate legislation has stalled in Congress.
“As the largest energy consumer in the Amalgamated States, we have a responsibility to American citizens to reduce our forcefulness use and become more efficient,” said Obama in a statement. “Our aim is to lower costs, reduce pollution, and shift federal dynamism expenses away from oil and towards local, clean energy.”
Source: NACS Online