Converteam is competing in the manufacture of products for use in gas pipelines and electricity grids with large-cap companies in Europe like Siemens AG and ABB Ltd.
But 12 states, three cities, 13 environmental groups and a ski resort want the EPA to cap the gas in an effort to help slow global warming.
Richardson also proposes the implementation of a market-based cap and trade system for greenhouse gas emissions in order to create incentives for the electric and industrial sectors to make significant reductions in their carbon emissions.
The rule for existing sources, now under development, would work like this: Because coal and gas are combined in a single category, the EPA would cap an average rate of, say, 1, 400 pounds of CO2 per megawatt-hour.
By the same token, he had supported a regional cap-and-trade scheme to trim greenhouse-gas emissions in Massachusetts before renouncing it late in his governorship.
In fact, the Obama Administration desperately tried and failed to increase oil and gas prices via cap and trade last year.
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The cap is usually expressed in terms of a certain amount of greenhouse gas emissions permitted to be emitted in one year.
In terms of containment right now, the top cap is drawing oil and gas to the surface to -- from the LMR -- the lower marine riser cap to the Enterprise.
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Not long after the California energy crisis brought deregulation screeching to a halt in 2000, utilities began predicting that legislation putting a cap on greenhouse-gas emissions would be the catalyst for change.
The cap-and-trade scheme he wanted to adopt to cut greenhouse-gas emissions evaporated in the febrile air of Congress.
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