Federal regulators give more time to complete gas pipeline extension in Virginia, North Carolina
RALEIGH, N.C. (AP) — The builders of a proposed natural gas pipeline that will enter North Carolina from Virginia now have another 2 1/2 years to complete the project after federal regulators pushed back a deadline for the work. The Federal Energy Regulatory Commission approved on Tuesday a request by owners of the proposed 75-mile…
U.S. energy regulators questioned on oversight of Freeport, Texas, LNG plant
FREEPORT — U.S. energy regulators on Saturday assured Texas residents they are monitoring repairs and the eventual restart of the fire-idled Freeport LNG plant as a vessel this week began taking the first fuel out of its storage tanks in eight months. The second-largest U.S. liquefied natural gas (LNG) export facility was knocked offline by…
Global regulators going ‘full steam’ to tame crypto currencies
LONDON — Regulators came late to the fast evolving cross-border world of cryptoassets but they could come up with their first global framework of rules within months, a senior official said on Wednesday. The Financial Stability Board, which groups regulators, central banks and finance ministry officials from the G20 economies…
U.S. regulators exploring how banks could hold crypto assets – FDIC chairman
LAS VEGAS — A top U.S. bank regulator said U.S. officials are looking to provide a clearer path for banks and their clients that are looking to hold cryptocurrencies, in order to keep control over the fast-developing asset. Jelena McWilliams, who chairs the Federal Deposit Insurance Corporation…
U.S. financial regulators in hot seat as Biden ramps up climate agenda
WASHINGTON — As U.S. President Joe Biden escalates his climate change agenda, pressure is growing on the country’s regulators to catch up with Europe and incorporate various risks posed by climate change into their oversight of the financial system. The White House is expected to soon issue an executive order on climate change which could…