Energy in America

Business Highlights

___ CEOs of big banks face off with House Democrats NEW YORK (AP) — The heads of seven of the largest banks in the U.S. fielded sometimes contentious questions from a House committee Wednesday, some dealing with current risks to the financial systems and other focused on more politically-charged topics.

Environmentalists question Pennsylvania's new methane rule

The administration of Democratic Gov. Tom Wolf is pushing a regulation to control methane emissions from existing natural gas facilities that doesn't directly target the potent greenhouse gas, raising alarm among environmental groups.

Putin outlines ambitious Arctic expansion program

President Vladimir Putin on Tuesday put forward an ambitious program to secure Russia's foothold in the Arctic, including efforts to build new ports and other infrastructure facilities and expand an icebreaker fleet.

EU wants members to drop veto over possible carbon tax

The European Union's executive branch is proposing that individual member countries drop their right to veto decisions on energy taxes, a move that could facilitate the introduction of a carbon tax across the whole bloc.

Swiss say they returned $365M to Brazil in Petrobras probe

Swiss prosecutors say they have returned some 365 million francs ($365 million) to Brazil so far in funds seized during investigations related to Brazilian construction company Odebrecht and state-run oil giant Petrobras.

CEO of oil group sees no slowdown in US production

The U.S. oil and gas industry is praised by supporters for boosting America to the forefront of global production and attacked by critics who blame it for sowing doubt about the scientific consensus that burning fossil fuels is changing the Earth's climate.