There are numerous large U.S. and Canadian oil and natural gas pipelines in progress, but many have been delayed in recent years due to legal and regulatory battles, while others have been scuttled as costs rose.
The Biden administration is expected to announce a temporary suspension of new oil and gas leasing on U.S. federal lands and waters on Wednesday, and to order that nearly a third of federally run acreage is conserved over the next decade, three sources familiar with the.
By Reuters Staff
2 Min Read
WASHINGTON (Reuters) - U.S. energy regulators on Tuesday upheld Oregon’s denial for a clean water permit for the Jordan Cove liquefied natural gas (LNG) project, dealing a blow to plans for an export terminal favored by the Trump administration.
Last March, the Federal Energy Regulatory Commission (FERC) had approved Pembina Pipeline Corp’s plan to build and operate a natural gas pipeline and LNG export terminal at Jordan Cove in Oregon.
The Trump administration had also tried to fast track environmental reviews of the project.
But amid opposition from tribes and environmentalists, the $10 billion project failed to get water permits from the state of Oregon.
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Roadworks continue, now with a facemask, as some essential jobs have kept segments of the population employed as the stay-at-home orders continue in Los Angeles, California on May 4, 2020, as Governor Gavin Newsom earlier announced the gradual reopening of California later this week. FREDERIC J. BROWN/AFP/Getty Images
By Stephen Kleege
Los Angeles is suffering what may be the hardest Covid-related health and economic hit of any big city. But the city’s $2.6 billion in municipal bonds outstanding, while hardly thriving, appear in decent shape.
Unemployment in the Los Angeles region, at 9.6% in November, was the highest among the five biggest metropolitan areas and 3.2 percentage points worse than the national average. And that was before the surge of infections and deaths in Southern California accelerated into the new year, straining hospitals and morgues and dashing hopes for a rebound in the city’s revenue.
By Reuters Staff
2 Min Read
FILE PHOTO: New York City Mayor Bill de Blasio, speaks during a news conference, following the outbreak of the coronavirus disease (COVID-19) in the Coney Island neighborhood of the Brooklyn borough of New York City, U.S., September 15, 2020. REUTERS/Brendan McDermid/File Photo
(Reuters) - A decline in property tax revenue related to the ongoing coronavirus pandemic has punched a bigger hole in the upcoming budget for New York City, which needs Democrats in control of the White House and the U.S. Congress to deliver major fiscal stimulus, Mayor Bill de Blasio said on Thursday.