Nancy Olson, the National Taxpayer Advocate which is the IRS watchdog service charged the IRS of reneging on its promise to cap penalties on taxpayers for offshore disclosures of their income. Accusing the IRS of “bait and switch”, Olsen...Show More Summary
Britain is a pioneer in offshore wind energy, with more turbines placed out at sea than any other nation. However, constructing such offshore wind farms is far tougher and more expensive than land-based wind energy. In the dockyards at Belfast in Northern Ireland, where the Titanic was built, there are blades longer than the [...]
The IRS yesterday announced that it has reopened its offshore voluntary disclosure program: IR-2012-5 (Jan. 9, 2012), IRS Offshore Programs Produce $4.4 Billion To Date for Nation’s Taxpayers; Offshore Voluntary Disclosure Program Reopens ABA Journal, New IRS Program Allows Those with Secret Offshore Accounts to Avoid Prosecution Bloomberg, IRS Gives...
Today, Speaker John Boehner (R-OH) said to expect a House of Representatives vote on expanded oil drilling in coming months. The bill would allow new offshore leases and drilling in the Arctic National Wildlife Refuge, to partly fund infrastructure projects. Although Boehner called these projects “high-priority,” last fall, House Republicans blocked $60 billion to finance [...]
CAPE WIND OCEAN POWER GETS BOOSTCape Wind edges ahead after PPA victoryPaul Garrett, 3 January 2012 (Windpower Monthly)"National Grid US is free to buy power from the proposed Cape Wind offshore wind farm, after the Massachusetts Supreme...Show More Summary
The Massachusetts Supreme Judicial Court has unanimously upheld the long term power purchase agreement between offshore wind farm Cape Wind and National Grid in two decisions. The Court reviewed the Massachusetts Department of Public Utilities decision to approve the PPA between Cape Wind and National Grid and found that certain provisions in the PPA such [...]
Sophie Mongalvy of the American Foreign Press is reporting that authorities are rushing to clean up Nigeria's worst oil spill in recent history, before the crude reaches the West African nation's shoreline. The leak occurred Thursday at Shell's Bonga Field, some 120 kilometers from Nigeria, Africa's largest oil producer. Show More Summary
Media photos of flames floating this week on the surface of the South China Sea appear to challenge a contention from China National Offshore Oil Corp. that an undersea gas leak it reported caused no environmental pollution.
SXD-produced 32/40 gensets to provide power to CNOOC offshore platform Representatives from China National Offshore Oil Corporation (CNOOC), classification societies,
To reduce the risk of another accident as catastrophic as the Deepwater Horizon explosion and oil spill, a new report from the National Academy of Engineering and National Research Council says, companies involved in offshore drilling...Show More Summary
Oil rigs on the horizon in the Gulf of Mexico. © Oceana/Carlos Suarez Last week the National Academy of Engineering and National Research Council released a report about offshore drilling safety, and I bet you can guess what it shows:...Show More Summary
The National Energy Board (NEB or the Board) released filing requirements today for future applications to drill in the Canadian Arctic Offshore. The Filing Requirements,
Capturing CO2 and re-injecting it into offshore geologic formations gets a look as 8 year count-down to carbon price begins. With all 190 nations now agreeing to binding greenhouse gas reductions in a treaty of some sort to be in force in just 8 years, the release of a carbon capture study from the Environmental Defense [...]Show More Summary
Halliburton, meanwhile, denies that allegation and accuses BP of fraud and defamation. The two companies are trading charges and blame for the nation's worst offshore oil spill — the April 2010 disaster in the Gulf of Mexico.
SAN RAMON, Calif., November 23, 2011 – Chevron Corporation (NYSE: CVX) today reports that while its subsidiary, Chevron Brasil Upstream Frade Ltda., has not received formal notice from Brazil’s National [...]
It is time to examine the lessons we are still learning from the BP oil disaster. The nation must make a commitment to spill prevention and preparedness, which was not the case when the BP oil blowout occurred.
A jobs-related proposal from House Republicans to support new infrastructure spending is dominating by a plan to massively expand offshore oil and gas leasing and open up the Arctic National Wildlife Refuge to drilling, The Hill reported. The proposal was announced days after President Obama unveiled a five-year offshore drilling plan that slow walks new [...]
The Interior Department says its plan would make 75 percent of the nation's undiscovered oil resources offshore available for development.
phault via Flickr/CC BY 2.0 Cape Wind was supposed to be the nation's first offshore wind farm. It was announced over ten years ago, and after fighting through miles and miles of bureaucratic red tape, it was finally approved by the Department of the Interior earlier this year. Show More Summary
A new exposé published by Remapping Debate lifts the veil on how the anti-regulatory, anti-labor line finds its way into media coverage of business, all under the guise of objectivity. When Boston Consulting Group, one of the nation’s largest consulting companies, issued a report on U.S. Show More Summary