BP’s risky Rosneft relationship: ‘We work in countries with ups and downs’.

July 31, 2014 Gas, Oil 

Guardian: “….This time, Dudley faces questions over the BP’s near-20% stake in Rosneft, the Kremlin-controlled oil group that has been dragged into the latest round of EU sanctions through restrictions on the export to Russia of hi-tech equipment for extracting fossil fuels.” Read more

Germany drops proposed green pylon route amid strong opposition.

July 30, 2014 Clean Energy 

FT: “Germany’s plans for new network of electricity pylons to distribute green power around the country have suffered a setback after the government scrapped a proposed route in the face of intense local opposition.”
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EV sales double in EU with Renault and Volvo in lead.

July 30, 2014 Clean Energy 

Guardian: “New models helped sales of electric cars in the European Union double in 2013, but the zero-emission vehicles still only account for one in every 250 new cars sold.”
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White House: curb greenhouse gas emissions now or lose billions.

July 29, 2014 Climate, Coal, Gas, Oil 

Washington Post: “The White House issued a report Tuesday warning that the United States could face billions of dollars in added economic costs if it delays action to curb greenhouse gas emissions linked to climate change. According to the report, each decade of delay will make it 40 percent more expensive to eventually reach the identical global climate target.”
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Three European banks drawn into US ‘dark pool’ probes.

July 29, 2014 Finance 

FT: “UBS, Credit Suisse and Deutsche Bank have been drawn into a deepening probe of banks’ anonymous “dark pool” trading venues, with all three receiving subpoenas from authorities demanding details of their operations.”
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“Solar and energy storage are a match made in heaven.”

July 28, 2014 Clean Energy 

REW.com: “Solar and energy storage are a match made in heaven and a new report from the Solar Electric Power Association, “Electric Utilities, Energy Storage, Solar: Trends in Technologies, Applications and Costs,” takes a deep dive into the energy storage sector.”
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Carney to Lloyds re abuse of bank rescue: “reprehensible”, “criminal”.

July 28, 2014 Finance 

FT: “At the height of the financial crisis, two Lloyds Bank traders artificially inflated a key bank lending rate to cut fees to the Bank of England’s taxpayer-funded scheme put in place to support the fragile UK banking system.
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Nasdaq OMX Chief warns of “perverted’ dark pools.

July 28, 2014 Finance 

FT: “In his strongest statements on the need for overhauling the equity markets, Nasdaq OMX chief executive Bob Greifeld said on Monday that “dark pools” have become perverted, while a key regulation aimed at improving the markets by requiring investors to receive the best price has become meaningless.”
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“Shale gas speed-up likely to make slow progress”: FT.

July 28, 2014 Climate, Gas, Oil 

FT: “….industry participants and observers have questioned how much environmental and operational constraints attached to the licences, which aim to protect national parks and areas of outstanding natural beauty, will handicap Whitehall’s ambition to replicate the shale “revolution” in the US, where production has soared.”
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Fracking push gets go-ahead across UK: half the nation open for bids.

July 28, 2014 Climate, Gas, Oil 

Guardian: “Ministers will give the go-ahead on Monday for a big expansion of fracking across Britain that will allow drilling innational parks and other protected areas in “exceptional circumstances”.
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“Coal company pain accelerates as bankruptcy cases rise”: Bloomberg.

July 25, 2014 Coal, Gas 

Bloomberg: “The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.”
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Apple eyes solar to power the cloud and iPhone 6 screen manufacturing.

July 25, 2014 Clean Energy 

Guardian: “….The company, which once drew fire from campaigners for working conditions in China and heavy reliance on fossil fuels, is now leading other technology companies in controlling its own power supply and expanding its use of renewable energy.”
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The Energy of Nations: “thriller-like”, “fast-paced”, “wonderful anecdotes”.

Germana Canzi: “It was with a bit of trepidation that I started to read Jeremy Leggett’s most recent book,The Energy of Nations: Risk Blindness and the Road to Renaissance (Routledge, 2013). Last time I read one of Leggett’s books – The Carbon Wars – it had such an impact on me that it contributed heavily to my decision to leave a promising job as a financial journalist to pursue a fascinating but less linear career in climate change policy.”
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China’s coal industry says times are hard, outlook worse.

July 24, 2014 Climate, Coal 

Reuters: “More than 70 percent of China’s coal firms are making losses, the head of the coal industry association said on Thursday, with prices eroded by falling demand growth, a worsening supply glut and a war on smog.”
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Coal India’s plans for 20 mines hit by land, environmental delays.

July 24, 2014 Climate, Coal 

Reuters: “Twenty new coal mine projects by state-run Coal India, planned with annual capacity of 52 million tonnes, have been delayed by difficulties acquiring land and environmental clearances, the coal minister said on Thursday, underlining the uphill task he faces in reforming the sector.”
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Will the micro-grid put major power companies out of business?

Guardian: “For the last century, the power created by large power generators (hydro, nuclear, coal and gas) has been brought to consumers via a grid comprised of transmission lines and cables with varying voltages.”
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Four reasons why US fracking may turn out to be a bubble.

July 23, 2014 Climate, Finance, Gas, Oil 

Quartz: “Hydraulic fracturing—the oil drilling technique that unlocks oil and gas tightly trapped in rock formations—has been a recent bonanza for the US, creating economic growth, cheap fossil fuels and even changing the way the earth looks from space. But is it going to last?”
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EU agrees to improve energy efficiency 30% by 2030.

July 23, 2014 Clean Energy, Climate, Coal, Gas 

Guardian: “European Union member states will have to improve their energy efficiency by nearly a third in the next 15 years, under new proposals unveiled on Wednesday by the European commission.”
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Wind energy the cheapest form of power in Denmark.

July 22, 2014 Clean Energy 

Energy Digital: “According to the government of Denmark’s energy agency, onshore wind power is the cheapest form of new electricity generation. This puts it ahead of both renewable and non-renewable sources, including biomass, coal, and solar power.”
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Residents weep with relief as council rejects Sussex fracking site.

July 22, 2014 Gas, Oil 

West Sussex Gazette: “Villagers wept with relief as plans for exploratory drilling between Kirdford and Wisborough Green were thrown out by the county council today (Tuesday July 22).”
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