Petrochemicals - US

huffingtonpost.com - AP - by Jason Dearen - July 18, 2014

ST. AUGUSTINE BEACH, Fla. (AP) — The Obama administration is reopening the Eastern Seaboard to offshore oil and gas exploration, approving seismic surveys using sonic cannons that can pinpoint energy deposits deep beneath the ocean floor.

Friday's announcement is the first real step toward what could be a transformation in coastal states, creating thousands of jobs to support a new energy infrastructure. But it dismayed environmentalists and people who owe their livelihoods to fisheries and tourism.

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submitted by Albert Gomez

environmentalleader.com - July 11, 2014

Dow Chemical’s claims to water rights from Texas’ Brazos River are pitting the manufacturing giant against farmers, cities, power plants and local water authorities as the river’s water supply diminishes, the Texas Tribune reports.

Dow is the Brazos’ largest and oldest user, the latter of which gives the company priority against other users. . . But water is increasingly in short supply as the drought worsens and the river’s users demand increasing amounts of water.

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Russian hacker spies are attacking energy companies. It's the latest sign the Cold War has gone cyber.

money.cnn.com - by Jose Pagliery - July 2, 2014

The Cold War didn't end in the 1990's. It simply moved online.

That much is clear after a security firm reported this week that Russian hackers have launched unprecedented, highly-sophisticated attacks on Western oil and gas companies.

The cyber operation nicknamed Energetic Bear is the latest example of an ongoing battle between all-seeing American and British cyber spies on one side -- and intellectual-property-stealing hackers in China and Russia on the other.

The report by Symantec (SYMC, Tech30) described how hackers have sneaked malware into computers at power plants, energy grid operators, gas pipeline companies and industrial equipment makers.

environmentalleader.com - by Erica Morehouse - June 23, 2014

Governor Brown signed a budget last week that lays out for the first time how to invest the millions from California’s landmark cap-and-trade program ($734 million so far). California has shown another way that cap-and-trade is like the Swiss army knife of environmental policies: a versatile tool known for its usefulness and adaptability.

A Multi-faceted Investment Portfolio

California will invest $850 million over the next year to reduce dangerous climate pollution, a portfolio of investments that will benefit almost every part of California’s economy, going to low-carbon and public transportation, weatherization and energy efficient buildings, water efficiency, waste diversion, and natural resources like urban forests.

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