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They testified to the substantial damage they believed the regulation would do to their industries, including lost profits, the inability to fund exploration and development, and difficulties in providing affordable gasoline to the public.
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One is a slow-growing regulated natural gas distribution business in Michigan that is providing the cash to fund the growth of the other, which is an unregulated exploration and development effort.
A report by the Cooperative Bank of Manchester, who provided BLCN with funds to launch their case, concluded that "oil and gas exploration and development" and associated roads, pipelines, and seismic lines have resulted in "physical loss of habitat, avoidance of areas by caribou, and increased caribou mortality".
Exploration and development for offshore gas will also continue.
Upon its formation, Pemex carried on a vigorous exploration program, sinking hundreds of exploration and development wells per year.
I agree that exploration and development must be planned, monitored and mitigated with great care.
Already, China National Petroleum Corp and India's Oil and Natural Gas Corp run several exploration and development operations in Syria.
Mr. de Margerie defended the profits as the fuel for further exploration and development.
"We expect to reach our targets for exploration and development ahead of schedule".
Mr. Stevens said thousands of Alaska Natives supported oil exploration and development in the refuge.
Apache reckons it may spend only $300 million for exploration and development in North America next year.
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