Category Archives: Press Release

Here’s What They’re Saying about EPA’s Proposed Cleaner Fuels and Cars Standards

Release Date: March 29, 2013
Contact Information: press@epa.gov

WASHINGTON – Based on extensive input from auto manufactures, refiners, and states, the U.S. Environmental Protection Agency (EPA) today proposed sensible standards for cars and gasoline that will significantly reduce harmful pollution, prevent thousands of premature deaths and illnesses, while also enabling efficiency improvements in the cars and trucks we drive. These cleaner fuels and cars standards are an important component of the administration’s national program for clean cars and trucks, which also include historic fuel efficiency standards that are saving new vehicle owners at the gas pump today. Once fully in place, the standards will help avoid up to 2,400 premature deaths per year and 23,000 cases of respiratory ailments in children.

Martin O’Malley, Governor of Maryland
“The new motor fuel standards proposed today by the Environmental Protection Agency under President Obama’s leadership will help Maryland reach its goal to reduce greenhouse gas emissions by 25 percent by 2020. Reductions from mobile sources are one of the most important strategies needed to provide clean air to Maryland’s citizens for generations to come. Today’s actions will also provide a significant benefit to the Chesapeake Bay as approximately one-third of its nitrogen issues are caused by air pollution. By proposing these new robust vehicle and fuel quality standards, President Obama and the EPA have made a strong commitment to protecting the public’s health and our environment. Together with our federal partners, we can create a more sustainable future for our children.”

Deval Patrick, Governor of Massachusetts

”I applaud President Obama and the EPA for issuing this new rule, which is a significant step forward in reducing air pollution from vehicles. This rule means cleaner cars and cleaner fuels, which in turn means healthier communities across the country,” said Governor Deval Patrick. ”This common sense regulation is a victory for a cost-effective and sensible way to clean our air.”

Dannel P. Malloy, Governor of Connecticut

“EPA’s proposed Tier 3 vehicle standards and cleaner gasoline will give our state immediate air quality benefits, which will only grow over time as new cars enter the marketplace. In Connecticut, we are taking action to show that we can have a strong economy and a healthy environment, and the new standards for motor vehicles and fuels announced today by EPA are consistent with our approach. I applaud EPA’s help taking on the most significant source of air pollution – cars, trucks and other so-called mobile sources – and look forward to prompt finalization of the rule so we all breathe cleaner air.”

U.S. Sen. Sheldon Whitehouse, Rhode Island

“Today the Obama Administration took much-needed action to reduce air pollution and protect the health of our citizens. Rhode Islanders, particularly seniors, children, and those with asthma, have suffered for too long from the so-called ‘bad air days’ that can land them in the hospital. This new standard means cleaner gasoline and cleaner vehicles, which will help us prevent a major source of the air pollution that causes those bad air days. This is a big step forward for public health.”

Robert M. Pestronk, MPH, Executive Director, National Association of County and City Health Officials
“On behalf of America’s 2,800 local health departments, NACCHO applauds the Environmental Protection Agency’s proposed standards for cleaner gasoline and cars. The updated standards prevent illness, preserve health and help reduce health care costs. Standards like these help local health departments keep people healthy and safe by improving air quality.”

U.S. Sen. Kristen Gillibrand, N.Y.
“The implementation of Tier 3 emission standards is a big step forward for Americans,” said Senator Gillibrand. “More stringent emission standards would significantly decrease air pollution, create new jobs and increase worker’s economic productivity by reducing the number of sick days they take from lung and heart related ailments. We’ve cleared a crucial step in the process, and I will continue to urge the Administration to move quickly to finalize the rule this year”

Paul Billings, Senior Vice President, American Lung Association
“Pollution from cars, light trucks, and SUVs kills and makes people sick. Stronger standards that lower sulfur levels in gasoline and cut toxic tailpipe pollutants will pave the way to a healthier future. Using lower sulfur gasoline in cars currently on the road will reduce as much pollution as taking 33 million cars off the road. Passenger vehicles are major sources of ozone and particle pollution that pose serious threats to public health. This pollution triggers asthma attacks, worsens lung and heart health and can even lead to early death. Children, the elderly and those with chronic lung and heart health problems are most vulnerable to traffic-related pollution.”

Georges Benjamin, Executive Director, American Public Health Association
“The return on investment of these important standards measured in both health savings and deaths averted is hugely significant and should not be overlooked. Reducing dangerous tailpipe emissions from cars will deliver between $8 and $23 billion in national health benefits annually by 2030 and prevent tens of thousands of asthma attacks, hospitalizations and early deaths. “

Gloria Bergquist, Spokeswoman, Alliance of Automobile Manufacturers
“This is a big step forward for this country to catch up to the clean fuels available in other industrialized nations. Automakers have already reduced vehicle emissions by 99 percent, and we’re working to go further while also delivering high quality, affordable vehicles to our customers.”

Dan Wyant, Director, Michigan Department of Environmental Quality
“Michigan’s automobile industry continues producing vehicles that are more fuel efficient and better for the state’s air quality. The EPA’s proposed Tier 3 fuel standard will further the goal of cleaner air.”

Shannon Baker-Branstetter, Policy Counsel for Consumers Union
“Vehicles have gotten cleaner over the years, but unfortunately too many Americans still struggle with health issues like asthma and respiratory problems that come from breathing in air heavy with smog and other pollutants. These standards are expected to be highly cost-effective in cleaning up gasoline and tailpipe emissions. These minimal costs will be largely outweighed by the savings that come from the huge health benefits we get from cleaner air.”

Bill Becker, Executive Director, National Association of Clean Air Agencies
“The new standard could be ‘the most significant air pollution policy President Obama will adopt in his second term. .?.?. There is not another air pollution control strategy that we know of that will produce as substantial, cost-effective and expeditious emissions reductions.”

Luke Tonachel, Senior Vehicles Analyst, Natural Resources Defense Council
“These common-sense standards will save lives, save money and clean up our air – all at a minimal cost. Big Oil companies want us to believe these benefits aren’t worth it. But that’s because they care about profits above all else.”

Frank O’Donnell, President, Clean Air Watch
“I think this proposal is the single most effective step EPA can take right now to reduce smog.”

Statement from the Emissions Control Technology Association
As the companies who have developed the cutting edge technology to reduce mobile source emissions by more than 90 percent, the Emissions Control Technology Association (ECTA) commends President Obama’s leadership in proposing a Tier 3 regulation that will improve public health and strengthen our domestic manufacturing base. The benefits of Tier 3 will far outweigh the cost.

Michelle Robinson, Director of Clean Vehicles Program, Union of Concerned Scientists
“The path from a car’s tailpipe to our lungs is surprisingly short, and more than 1 in 3 Americans live in areas where air pollution levels exceed at least one federal limit. Today’s proposal is a common-sense step that will protect our health while growing our economy.”

Michael Brune, Sierra Club, Executive Director
“With these expected cleaner tailpipe standards, President Obama is taking a strong step to protect our public health and secure his clean energy legacy. We have the technology to clean up our fuels and our cars and it’s critical that we put them to work to ensure Americans have the safe, breathable air they deserve. Cutting smog and other toxic air pollution will help American children breath cleaner air and will save lives. These new standards will save billions annually in health costs and will free American families from some of the crippling effects of respiratory disease, asthma attacks and other severe health problems.”

Michael Stanton, President and CEO, Global Automakers
“We have been anxiously awaiting this rulemaking because it is good for the environment and will help harmonize the federal and California programs for both vehicles and fuels. With 15 million new vehicle sales a year, automakers need predictable national fuel quality at the retail pump. Ultra-low sulfur gasoline is already available in California, Europe, and Japan and will enable automakers to use a broader range of technologies to meet the significant environmental challenges facing the industry.”

Mark MacLeod, Environmental Defense Fund
“The new Tier 3 standards will make our cars cleaner, and that means we’ll have cleaner air to breathe. Reducing tailpipe pollution will provide healthier, longer lives for millions of Americans for less than a penny per gallon of gas. That’s why updating the standards has such broad support from U.S. auto makers, state health commissioners, and health advocates.”

R051

Mining companies faced significant challenges in 2012 due to a slowdown in China, a major consumer of raw materials. Weak demand for raw materials led to a number of mining companies delaying mining projects and closing some mines. However, a rebound in the Chinese economy augurs well for mining companies such as Vale SA (NYSE: VALE).  In the U.S., coal producers such as Alpha Natural Resources Inc. (NYSE: ANR), and Arch Coal Inc. (NYSE: ACI) struggled as natural gas prices dropped to record low levels in 2012. U.S. coal producers are now looking to increase their exports in order to offset weak domestic demand. Meanwhile, demand for rare earth minerals is expected to remain robust due to increasing use tablets and smartphones. This should benefit Molycorp Inc. (NYSE: MCP). Uranium mining companies such as Cameco Corporation (NYSE: CCJ) are also expected to see a strong year ahead. On Wednesday, mining stocks ended mostly lower even as the broad market edged higher. StockCall has released free charting and technical research on these aforementioned companies. Register to read these reports at

http://www.stockcall.com/report

Shares of Vale SA fell sharply in Wednesday’s trading session. The stock closed 4.35% lower at $17.80on above average volume of 27.02 million. The stock has now fallen more than 15% this year, compared to a gain of 9% for the S&P 500. The mining company’s shares have fallen below their 200-day moving average as a result of a sharp decline yesterday. This is a bearish signal. The stock’s MACD has also crossed below the signal line, which further confirms the bearish trend. Sign up for the free report on VALE at

http://www.StockCall.com/VALE031413.pdf

Shares of Alpha Natural Resources Inc. also tumbled in yesterday’s trading session. The stock closed 4.42% lower at $8.01 on volume of 8.86 million. Alpha Natural Resources’ shares have fallen more than 6.60% in the last three sessions. Year-to-date, the stock has fallen more than 17%, underperforming the broad market. The coal producer’s shares have slipped below their 200-day moving average, which is a bearish signal. ANR free technical report can be accessed by signing up at

http://www.StockCall.com/ANR031413.pdf

Shares of Arch Coal Inc. fell sharply in its previous trading session. The stock closed 1.91% lower at$5.14 on volume of 5.12 million yesterday. It has fallen 3.75% in the last three sessions. Year-to-date, coal miner’s shares have fallen nearly 30%, even as the broad market has rallied. The stock is currently trading well below its 50-day and 200-day moving averages which indicates a bearish pattern. Free report on ACI can be accessed by registering at

http://www.StockCall.com/ACI031413.pdf

Shares of Molycorp Inc. fell 4.48% to finish at $5.97 in Wednesday’s trading session. The stock has now fallen more than 8% in the last three sessions. It has dropped by more than 36% so far this year. Molycorp’s shares are currently facing resistance at around $6.50. Register with StockCall and download the research on MCP for free at

http://www.StockCall.com/MCP031413.pdf

Shares of Cameco Corporation edged lower in Wednesday’s session. The stock closed 1.81% lower at$21.14 on volume of 1.62 million on Wednesday. Despite the sharp decline yesterday, the uranium mining company’s shares are up 0.71% for the week. Read the full free research on CCJ by signing up to StockCall at

http://www.StockCall.com/CCJ031413.pdf

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Missouri Division of Finance reaccredited

Division has been accredited since 1987                         

Jefferson City, Mo. – The Missouri Division of Finance has been reaccredited by a national association of state regulators. The Conference of State Bank Supervisors informed the division today that its accreditation has been renewed for the fifth time.

The division regulates state-chartered banks, trust companies, consumer credit facilities, mortgage brokers and originators, and savings and loan institutions. Its primary objectives include ensuring the safety and soundness of those institutions and the monitoring of compliance with laws and regulations, thereby ensuring bank deposits are safe and consumers are protected.

“Our team in the Division of Finance is committed to providing quality supervision of the institutions we regulate. This accreditation reaffirms our commitment to protect consumers and maintain a strong banking system in Missouri,” said John M. Huff, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration.

The division has been accredited by the national association since 1987. The accreditation certifies that the division maintains the highest standards and practices in state banking supervision set by the CSBS accreditation program. These objectives are carried out by a team of dedicated commercial bank examiners, specialized trust examiners, mortgage specialists, consumer credit examiners and an office support staff.

 

A team from the national association performed an on-site review of the division in Jefferson City. The accreditation process looks at all division operations, including administration, examination and training.

Missouri ranks fifth in the nation in the number of state-chartered banks with 265. They have assets of more than $96 billion. A searchable listing of banks is available on the division’s website. Consumers can file complaints or ask general questions about state-chartered banks online or by calling 573-751-3242.

– PennWell Corporation, a diversified global media and information company, announced today that it has acquired TransmissionHub, GenerationHub, and related subscription and data businesses from Colorado-based Energy Central.  The acquisition adds new offerings to PennWell’s growing information and mapping business for the electric power industry.  Financial terms of the acquisition were not disclosed.

TransmissionHub and GenerationHub are online, interactive intelligence services for professionals who build, own, operate, regulate or invest in the electric power infrastructure in North America.  TransmissionHub was launched in October 2011 to track and provide daily and weekly newsletters, reports and analysis of U.S. transmission projects including detailed profiles of 658 projects comprising over 65,000 miles of new transmission lines.  GenerationHub was launched in March 2012 to create detailed information and daily and weekly reporting, statistics and data on 6,600 power plants and their operations in the U.S.  Both TransmissionHub and GenerationHub are organized in searchable and sortable databases that include articles, source documents and maps.

In addition to TransmissionHub and GenerationHub, the business includes the database and subscription service Fossil Fuels Tracker, which is updated daily to provide coal plant retirements, environment and emission control and compliance projects, and proposed fossil-fueled electric plants.  The weekly Coal Insider newsletter covers coal companies, supply and production issues, and coal-fired generation and environmental regulations.  As part of the purchase, PennWell also acquired the TransForum East, TransForum West and TransForum Texas regional conferences which offer networking and conference sessions covering a range of topics such as regulatory issues and the impact of national policy on the building and operations of power plants.

Robert F. Biolchini, president and CEO of PennWell, said, “These electric power databases and intelligence services provide an exceptional fit with PennWell’s growing suite of data and information products for the oil and gas and electric power industries.   TransmissionHub, GenerationHub, and Fossil Fuel Tracker provide robust data, reports and intelligence that will pair perfectly with our best-in-class geospatial data for electric power and renewable energy offered by our MAPSearch business and our innovative online and mobile mapping platform called ENvision.”

Biolchini noted that the business will be managed by Edward Metz, general manager of MAPSearch, adding he was pleased Energy Central CEO Steve Drazga decided that this data and subscription business would have a good home with PennWell.  Seven employees will be joining PennWell.  They include Kent Knutson, director of data strategy and content; Rosy Lum, TransmissionHub chief analyst;Barry Cassell, GenerationHub and Coal Insider chief analyst; Wayne Barber, GenerationHub chief analyst;Carl Dombek, TransmissionHub senior editor; Corina Rivera-Lineras, TransmissionHub senior analyst, andEmily Rector, sales representative.  PennWell’s MAPSearch and ENvision businesses are based both inHouston and at the Company’s headquarters in Tulsa.

As part of MAPSearch, the TransmissionHub, GenerationHub, and Fossil Fuel Tracker will complement PennWell’s publishing and conference and exhibition businesses for the global power industry.  PennWell owns and operates POWER-GEN International, the largest power generation trade show held annually inNorth America covering 300,000 net square feet for 1,200 exhibitors and 22,000 attendees.  POWER-GEN events are also held annually in Europe, Russia, India, Southeast Asia, Africa, the Middle East, and Brazil.  PennWell’s DistribuTECH is the largest annual conference and exhibition in North America for the transmission and distribution segment of the industry, covering 125,000 net square feet for 380 exhibitors and 8,500 attendees, and has recently expanded to include new DistribuTECH conferences and exhibitions in Brazil and South Africa.  PennWell publishes business-to-business magazines Power Engineering, Power Engineering International, Electric Light & Power, POWER-GRID International, Utility Products, Cogeneration & On-Site Power Production, Hydro Review, Hydro Review Worldwide, Renewable Energy World, and REW.com.

About PennWell Corporation

Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries:  Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental.  PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services.  In addition to PennWell’s headquarters in Tulsa, Oklahoma, the Company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China.

About Energy Central

Energy Central is a 17-year old media, publishing and knowledge services company serving the global power industry. Throughout its history, Energy Central has created and delivered industry-defining products, focused primarily on the North American power industry. Those product lines include Energy Central, reaching global power industry professionals; EnergyBiz, focused on power industry executives; Intelligent Utility, reaching smart grid professionals; and Utility Analytics Institute, reaching power industry analytics professionals. The company, headquartered in Aurora, CO, has a strong presence on-line, including the above brands and its job board at EnergyCentralJobs.com. Energy Central also publishesEnergyBiz and Intelligent Utility magazines, and produces summits, forums and conferences for power industry professionals.

Contact:   Jayne Gilsinger
918-832-9303; jayneg@pennwell.com

SOURCE PennWell Corporation