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The US Department of Transportation said its Pipeline & Hazardous Materials Safety Administration and Federal Railroad Administration plan to rescind a requirement that electronically controlled pneumatic (ECP) brakes be used on certain rail tank cars. The American Petroleum Institute welcomed DOT’s Dec. 4 announcement.

Saskatchewan has departed from the approaches of neighboring provinces and the government of Canada with a climate-change strategy lacking carbon taxation. Environment Minister Dustin Duncan introduced a plan he called “broader and bolder than a single policy such as a carbon tax.” He said it will “achieve better and more meaningful outcomes over the long term.”

The American Petroleum Institute launched a voluntary program that initially will concentrate on reducing wellhead emissions of methane and volatile organic compounds, and ultimately will try to improve other environmental conditions at operations across the US. Twenty-six participating companies will begin to implement the program starting Jan. 1, 2018, API said.

China National Petroleum Corp. subsidiary China Energy Reserve & Chemical Group has withdrawn its $430-million (Aus.) takeover bid for AWE Ltd. The unsolicited offer, made last week, proposed 71¢/share for the Australian resource company, a 30% premium on its trading price at that time. 

The light, sweet crude oil contract for January delivery gained slightly on the New York market Dec. 5, moving closer to $58/bbl while Brent crude oil for February also gained but still held below $63/bbl.

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