Obama climate change envoy: fossil fuels will have to stay in the ground.

November 25, 2014 Climate, Coal, Gas, Oil 

Guardian: “The world’s fossil fuels will “obviously” have to stay in the ground in order to solve global warming, Barack Obama’s climate change envoy said on Monday.”
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One of three UK emergency power plants fails output test.

November 24, 2014 Coal, Gas, Nuclear 

FT: “One of the three power stations being paid by National Grid to come online in an emergency this winter has failed a test run, heightening concerns over the reliability of Britain’s creaking, accident-prone electricity system.”
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Norway’s largest pension fund vows to drop coal mine holdings.

November 23, 2014 Climate, Coal, Finance 

FT: “Norway’s largest pension fund has vowed to drop its holdings in coal miners, intensifying pressure on the coal industry from global investors.”
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“Shale jubilation fades as oil price falls undercut model”: FT.

November 23, 2014 Gas, Oil 

FT: ‘The revolution devours its children.’ That observation, made by French journalist Jacques Mallet du Pan in 1793, has become a commonplace of political upheavals, but it is often true of revolutions in business, too. Companies that create a new market or disrupt an existing one do not always benefit in the long run.”
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UK oil and gas industry pleads for Treasury help with low oil price.

November 23, 2014 Oil 

FT: “Oil companies want George Osborne to make good his promise of tax reforms to encourage more investment in the North Sea or risk a collapse of the sector.”
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CCS will struggle to be viable, lead practitioner says.

November 23, 2014 Climate, Coal 

FT: “A technology at the heart of efforts to avoid global warming will struggle to be economically viable in many places, the company spearheading its use in the power industry has revealed.”
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BGS admits ignorance of UK fracking impact absent monitoring.

November 22, 2014 Gas, Oil 

Observer: “Hundreds of government-funded boreholes are set to be drilled across Britain to try to persuade the public that a looming shale gas boom can be developed safely, the Observer has learned.”
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Shale narrative fizzles in China as clean energy and imports lead the way.

November 21, 2014 Gas, Oil 

Bloomberg: “China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going.”
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India now seeks 100GW of PV by 2022.

November 21, 2014 Clean Energy 

Bloomberg: “India said its renewable-energy industry must eventually learn to live without government support and that it’s seeking to generate five times more power from solar by 2022 than its previous target.”
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China climate pledge would require 50,000 solar farms.

November 21, 2014 Clean Energy, Climate, Nuclear 

Bloomberg: China, which does nothing in small doses, will need about 1,000 nuclear reactors, 500,000 wind turbines or 50,000 solar farms as it takes up the fight against climate change.”
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“US oil producers can’t kick drilling habit.”

November 21, 2014 Gas, Oil 

John Dizard for the FT: “You would think, what with the recent oil price crash, the people who finance US oil and gas producers would have learnt their lesson. But not yet.”
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Ineos to invest £640m in UK shale gas exploration.

November 20, 2014 Gas 

BBC: “Chemicals giant Ineos has announced plans to invest up to £640m in shale gas exploration in the UK. The company plans to use the gas as a raw material for its chemicals plants, including Grangemouth in Stirlingshire.”
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Countries just short of $10bn target for Green Climate Fund.

November 20, 2014 Climate, Finance 

AFP: “Thirty countries meeting in Berlin on Thursday pledged $9.3bn for a fund to help developing countries cut emissions and prepare for global warming, just shy of a $10bn target.”
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Areva financial crisis means Hinckley Point may never happen.

November 19, 2014 Nuclear 

Guardian: “The future of the Hinkley Point C nuclear plant in Somerset is under a cloud amid a financial crisis at Areva, a shareholder in the project and the designer of the proposed reactors.
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Keystone XL proposal fails in current US Senate by one vote.

November 19, 2014 Climate, Oil 

BBC: “The US Senate has narrowly failed to pass a bill approving the controversial Keystone XL oil pipeline. The Senate voted by 59-41 in favour of the bill, but this was one vote short of the 60 needed to pass it.”
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“Oil industry risks trillions of ‘stranded assets’ on US-China climate deal.”

November 19, 2014 Climate, Gas, Oil 

Telegraph: “Brazil’s Petrobras is the most indebted company in the world, a perfect barometer of the crisis enveloping the global oil and fossil nexus on multiple fronts at once.”
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‘Solar century’ beckons as costs continue to fall – UK energy secretary.

November 18, 2014 Clean Energy 

PV Tech: The UK’s energy and climate change secretary, Ed Davey, has said he believes solar power is on course to become the cheapest form of energy.”
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Why belief in looming US oil “independence” is based on myth.

November 18, 2014 Climate, Gas, Oil 

Daniel Davis, Cavid Hughes, & Mark Lewis for the Huffington Post: “Media reports regarding the American crude oil industry have been uniformly positive in the past few months. Oil prices have dropped to their lowest level since 2010 and along with it prices at the pump.”
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Top American PR urges oil client to target opponents personal lives.

November 17, 2014 Oil 

NYT: “The advice from a top American public relations firm was simple: A Canadian pipeline company should take aim at its opposition.”
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Barack Obama tells G20 a global climate change deal is possible and vital.

November 15, 2014 Climate 

Guardian: “US president says every nation has a responsibility to do its part and ‘overcome old divides, look squarely at the science and reach a strong global climate agreement next year’”.
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