Solar industry set for record shipments of 52 GW in 2014.

August 29, 2014 Clean Energy 

Bloomberg: “Solar manufacturers are set to ship a record number of panels this year, with the largest makers expected to deliver 52 percent more panel between them than 2013.”
Read more

Divesting from fossil fuels: “last man out loses”.

August 29, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

REW.com: “A new report written by Nathaniel Bullard at Bloomberg New Energy Finance (BNEF) highlights the difficulties large institutional investors would have divesting from fossil fuels. What it does not specifically discuss is that these difficulties could lead to large financial losses for investors who see the difficulty of divesting as a reason to delay.”
Read more

Renewable energy grows at fastest ever rate.

August 28, 2014 Clean Energy 

Guardian: “Wind, solar and other renewable power capacity grew at its strongest ever pace last year and now produces 22% of the world’s electricity, the International Energy Agency said on Thursday in a new report.”
Read more

“This approach to climate change doesn’t involve Obama or the the Senate.”

August 28, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Bloomberg: “Forget the Senate, as President Obama is trying to do. Pull the plug on the annual United Nations climate negotiations. Maybe it’s time for investors to save the planet.”
Read more

UBS urges investors to join solar revolution.

August 27, 2014 Clean Energy, Finance 

Guardian: “Big power stations in Europe could be redundant within 10-20 years as electric cars, cheaper batteries and new solar technologies transform the way electricity is generated, stored and distributed, say analysts at the world’s largest private bank.”
Read more

Shale oil and gas producers’ finances set for turnaround next year, they say.

August 27, 2014 Gas, Oil 

FT: “The independent oil and gas companies at the forefront of the US shale revolution have substantially improved their financial position – boosting confidence that the rapid growth in production can continue.”
Read more

“Saudi Aramco to invest $400bn to keep oil production steady.”

ArabianBusiness.com: “Saudi Aramco has announced plans to invest $40 billion a year over the next decade to keep oil production capacity steady and double gas production.”
Read more

Bill Gates: “the poor can’t afford today’s expensive clean energy solutions.”

August 25, 2014 Clean Energy, Coal, Gas, Oil 

Bill Gates blog: “Many developing countries are turning to coal and other low-cost fossil fuels to generate the electricity they need for powering homes, industry, and agriculture. Some people in rich countries are telling them to cut back on fossil fuels. I understand the concern: After all, human beings are causing our climate to change, and our use of fossil fuels is a huge reason.”
Read more

The “climate swerve”: a new social movement around global warming.

August 23, 2014 Change for Good, Climate 

NYT: “American  appear to be undergoing a significant psychological shift in our relation to global warming. I call this shift a climate “swerve,” borrowing the term used recently by the Harvard humanities professor Stephen Greenblatt to describe a major historical change in consciousness that is neither predictable nor orderly.”
Read more

Cost-cutting fever in tar sands as economics called into question.

August 22, 2014 Climate, Finance, Oil 

Financial Post: “Canadian oil companies are ruthlessly enforcing capital discipline as project costs creep up and shareholders pressure management to focus only on the most profitable ventures.”
Read more

Deep Atlantic storing huge amounts of global-warming heat.

August 21, 2014 Climate 

Guardian: “The key to the slowdown in global warming in recent years could lie in the depths of the Atlantic and Southern Oceans where excess heat is being stored – not the Pacific Ocean as has previously been suggested, according to new research.”
Read more

Reasons for optimism about prospects for the Paris climate summit.

August 21, 2014 Clean Energy, Climate, Coal, Commentaries, Gas, Oil 

BusinessGreen: “BusinessGreen Leaders Awards Champion of the Year, Jeremy Leggett, reveals why there are reasons to be optimistic in the run up to the Paris climate summit.”
Read more

Oil industry on borrowed time as switch to solar and gas accelerates.

August 20, 2014 Clean Energy, Gas, Oil 

Ambrose Evans-Pritchard in the Telegraph: “The props beneath the global oil industry are slowly decaying. The big traded energy companies resemble the telecom giants of the late 1990s, heavily leveraged to a business model already threatened by fast-moving technology. Citigroup warns – or cheerfully acclaims, depending on your point of view – that world energy markets are entering a period of “extreme flux”, with oil caught in triple encirclement by cheap natural gas, much more efficient vehicles and breathtaking advances in solar power as scientists crack the secrets.”
Read more

UK energy dependence – five hidden costs expose truth about fracking.

August 18, 2014 Clean Energy, Climate, Commentaries, Gas, Oil 

Jeremy Leggett in the Guardian: “The shale boom is a bubble waiting to burst as economics of extraction falter and the trickle of bad environmental news starts to swell.”
Read more

Solar boom threatens first global solar panel shortage since 2006.

August 18, 2014 Clean Energy 

Bloomberg: “The solar industry is facing a looming shortage of photovoltaic panels, reversing a two-year slump triggered by a global glut.”
Read more

UK anti-fracking group stages day of protests.

August 18, 2014 Gas, Oil 

Guardian: “Anti-fracking protesters caused peaceful disruption at several locations on Monday, gluing themselves to the doors of a government department, occupying a building used by an energy firm and blockading access to a test drilling site.”
Read more

Citigroup: solar industry to outperform fossil fuels in long term.

August 15, 2014 Clean Energy, Gas 

Blue&GreenTomorrow: “Investment bank Citigroup predicts that the solar industry will continue to grow on a global scale and will become competitive with fossil fuels, because of “pure economics” and the need to diversify energy supply over the long term.”
Read more

Oil majors gambling US$91bn on 20 high-risk projects.

August 15, 2014 Climate, Finance, Gas, Oil 

CarbonTracker: “The world’s biggest publicly listed oil companies plan to develop the projects, which will put nearly $91 billion of investor cash at risk over the next decade.”
Read more

Green energy co-ops blocked by UK government regulator.

August 15, 2014 Clean Energy 

Guardian: “The future of community-owned green energy projects that ministers say are crucial to break the dominance of the ‘big six’ is being put at risk by the Financial Conduct Authority, according to co-operatives and the Labour party.”
Read more

US utility buys solar home energy products company

August 14, 2014 Clean Energy 

Recharge magazine: “NRG Energy will acquire personal solar products supplier Goal Zero, a move it says aligns with the company’s mission to lead the US market in “offering cleaner, smarter choices and sustainable lifestyle solutions to end-use energy consumers.”
Read more