Articles by Pauline McCallion
CFTC and Ferc continue turf war over transmission rights
Wholesale electricity market participants yesterday called for an exemption for energy end-users from legislation that could see the Commodity Futures Trading Commission (CFTC) increase its jurisdictional powers over the sector.
US coal states rally against EPA’s greenhouse gases plan
US senator John Rockefeller of West Virginia introduced legislation today to suspend potential Environmental Protection Agency (EPA) regulation of greenhouse gases from stationary sources for two years.
Tres Amigas could play same role as Henry Hub
Transmission issues continue to dog US green energy revolution. Connecting the three major grids aims to allow renewable energy to be shipped between states, writes Pauline McCallion
Piecing things together post-Copenhagen
Abyd Karmali, global head of carbon markets at Bank of America Merrill Lynch, gives Pauline McCallion a first-hand account of the December 2009 UN climate change talks, discussing the likely future impact on global carbon markets
Turning points: John Hattenberger
John Hattenberger, managing director of Gazprom Marketing & Trading USA, speaks to Pauline McCallion about the defining moments of his career within the natural gas sector
New US coalition targets fair electricity transmission
The Coalition for Fair Transmission Policy (CFTP) has been launched in Washington, DC to campaign for more efficient development of the US electricity grid.
Morgan Stanley builds Canada power and gas team
Morgan Stanley has hired 10 local traders for a new power and gas desk in Vancouver, boosting its North American gas and power business.
CFTC to examine metals trading
The US Commodity Futures Trading Commission (CFTC) has announced details of a public meeting on March 25 to examine the trading of futures and options in the precious and base metals markets.
EPA lays out GHG regulation timetable
The regulation of greenhouse gas (GHG) emissions by the US Environmental Protection Agency (EPA) is set to begin in 2011 with a higher-than-expected threshold, according to the latest details from the agency.
US shale extraction technique under investigation
US oil and gas shale production - seen as a vital contributor to US energy needs - is under investigation due to environmental fears over extraction techniques.
Mitsui in US shale joint venture
Anadarko Petroleum Corporation has announced details of a joint-venture agreement with Mitsui E&P USA, a subsidiary of Japan’s Mitsui & Co.
Oil majors go solo with emissions campaign
BP and ConocoPhillips will not renew their respective memberships of the US Climate Action Partnership (USCAP), announcing separate plans to engage policymakers as individual organisations.
JP Morgan and RBS Sempra Commodities agree $1.7bn deal
RBS Sempra Commodities has sold its global oil, global metals, and European power and gas assets to JP Morgan for $1.7 billion.
FirstEnergy and Allegheny announce $8.5bn merger
FirstEnergy and Allegheny Energy have announced an $8.5 billion stock-for-stock merger transaction that would create a diversified generation portfolio including 2,200 megawatts (MW) of renewables.
State drops out of regional carbon trading scheme
Arizona has pulled out of the Western Climate Initiative (WCI) cap-and-trade scheme over fears it would put the state at a competitive disadvantage.
Citi names new global commodities head
Stuart Staley has taken over as Citigroup’s global head of commodities, as the bank aims to boost the business by 30-40% over the next three years.
Obama admits Senate may need to drop carbon trading
US President Barack Obama has acknowledged the potential need to strip cap and trade out of US energy legislation currently being re-drafted in the US Senate in order to pass the bill.
CFTC: Ice compliance staff under “strain”
The IntercontinentalExchange (Ice) Futures US compliance team has been under “strain” and should hire additional staff, according to a recent Commodity Futures Trading Commission (CFTC) review.
More legislation threatens EPA regulation of GHGs
The chairman of the US House Agriculture Committee has introduced bipartisan legislation designed to prevent the Environmental Protection Agency (EPA) from regulating greenhouse gas emissions under the Clean Air Act.
Profile: K. Geert Rouwenhorst
K. Geert Rouwenhorst, professor of finance and deputy director of the International Center for Finance at Yale, talks to Pauline McCallion about the game-changing impact of his commodities research and how it spurred his hedge fund launch
Dry freight and regulation: Tides of change
The dry freight FFA market has undergone significant changes in the past two years, with a marked increase in clearing and financial players. Participants are now looking at how potentially tighter OTC regulation may impact trading. By Pauline McCallion
Interview: Mexico's hedging plans: in crude health
Pauline McCallion speaks to Gerardo Rodriguez, deputy undersecretary for public debt at Mexico’s Ministry of Finance & Public Credit, about the government’s highly successful oil price hedging strategy
US budget drops fossil fuel subsidies
US President Barack Obama has used his 2011 budget to call for an end to fossil fuel subsidies, apportioning funds to the clean energy sector instead.
Building support: CFTC’s reforms in the cold?
Despite being lighter than expected, the CFTC’s proposed reforms for energy trading have found little support from other commissioners or overseas regulators, finds Pauline McCallion