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Portland Tribune: Street fee on fast track, fate uncertain

2014-05-23 00:46:05| PortlandOnline

May 22, 2014 | Jim Redden

Fate of Ohio's oil and gas severance tax bill is uncertain

2014-05-15 11:58:00| Climate Ark Climate Change & Global Warming Newsfeed

WKSU: A new tax on oil and natural gas drillers is halfway through the legislature, but is facing an uncertain future. Statehouse correspondent Karen Kasler reports on the debate in the House. The bill puts a 2.5 percent severance tax on gross receipts on shale wells that are horizontally fractured, and allows drillers to deduct the commercial activity tax they pay from the severance tax they owe. It is estimated that will bring in $316 million over five years, which would go to an income tax cut. That...

Tags: bill tax gas oil

Scientists to study Amazon rainforest fate if CO2 levels rise

2014-05-15 01:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A group of scientists from more than 20 institutions around the world will gauge the impact on the world's largest rainforest if a time comes when the planet has 30 percent more carbon dioxide (CO2) than today, according to a project launched on Wednesday. A large experiment including towers that will pump CO2 into plots of dense forests will be built in a region north of Manaus, in the Brazilian Amazonas state. Sensors and field observation will evaluate the reaction of the trees when subject...

Tags: study levels amazon rise

Examining Fate Of Methane Following The Deepwater Horizon Spill

2014-05-12 22:19:00| Climate Ark Climate Change & Global Warming Newsfeed

RedOrbit: The 2010 Deepwater Horizon blowout discharged roughly five million barrels of oil and up to 500,000 metric tonnes of natural gas into Gulf of Mexico offshore waters over a period of 84 days. In the face of a seemingly insurmountable cleanup effort, many were relieved by reports following the disaster that naturally-occurring microbes had consumed much of the gas and oil. Now, a team of researchers led by University of Georgia marine scientists have published a paper in the journal Nature Geoscience...

Tags: fate horizon examining spill