National efforts to put a price on carbon in the United States largely petered out years ago, but the climate policy is gaining traction in a handful of states out west. The governors of California, Washington, and Oregon, along with the premier of British Columbia in Canada, signed an agreement Monday to coordinate efforts to reduce carbon emissions in the region. Washington and Oregon will aim to implement their own pricing structures to mimic those already in place in California and British Columbia.
Prime Minister Stephen Harper arrived in Bali for an Asia-Pacific leaders’ summit Sunday bearing what could be called a $36-billion vote of confidence from Malaysia’s state-owned oil and gas company. Malaysian Prime Minister Mohd Najib sprung the “gargantuan” investment figure during a joint availability with Harper in Putrajaya, saying Malaysia’s state-owned oil and gas company Petronas has committed to construction of a liquid natural gas plant in British Columbia and the pipeline to feed it.
Prime Minister Shinzo Abe said Japan and Canada have agreed to cooperate more closely on shipments of natural gas as the country seeks new energy supplies after the Fukushima nuclear disaster. Abe, speaking yesterday to reporters in Ottawa at a joint press conference with Prime Minister Stephen Harper, said Canada is a stable source of energy and can provide gas at competitive prices. Abe said the two countries will hold “ministerial level consultations,” without providing details.
Mexican President Enrique Peña Nieto announced on Monday one of the most "sweeping economic overhauls" in Mexico's history with his proposal to open the country's closed energy industry to foreign investment for the first time in 75 years. For Mexico's northern neighbor, the question is how do these reforms affect the average American consumer, the North American energy sector, and the overall U.S. economy? According to energy and economic analysts, the answer is simple: A lot.
This month TPR sat down with Stephen Cheung, the Mayor of Los Angeles’ first Director of International Trade, to discuss the purview and capacity of the new position, which coordinates between the Port of Los Angeles, LAX, and City Hall. With trade being a central component of the LA regional economy, and with the infrastructure of trade constantly evolving, Cheung works for goods movement, logistics, storage, and transportation to operate as smoothly as possible to retain customers doing business in and through LA.
On August 12, more than eight months after the Mexican government launched a far-reaching reform agreement, President Enrique Peña Nieto presented what is arguably the most highly anticipated and polemical areas of that package: energy reform. The president outlined 10 areas of change for state oil firm Pemex and the Federal Electricity Commission (CFE). But perhaps most notable is the president’s proposal to change language in Article 27 of the Constitution and allow private firms to gain access to profit-sharing (but not production-sharing) energy contracts
Pena Nieto and his Institutional Revolutionary Party, or PRI, want to let foreign companies such as Exxon Mobil Corp., Chevron Corp. and Repsol SA sign production-sharing contracts for oil exploration and output. (The companies would still be prohibited from operating their own fields.) Thus would Mexico return to the situation that prevailed from 1938, when the country expropriated oilfields from U.S.
Mexican President Enrique Pena Nieto has presided over an incredible year so far in Mexico, pushing through reforms of the telecom and educational sector. But this week, just days after Pena Nieto’s successful thyroid surgery, the president and his PRI party are set to introduce their biggest proposal yet — proposing sweeping changes to the nation’s oil laws that have for decades protected the bloated state oil monopoly Pemex and prevented foreign investment.