The below is a chronological log of events in global energy, climate change and related issues. Key events from this chronicle are distilled in the serialised ebook, The Winning of the Carbon War.
Saudi Arabia becomes last G20 government to submit climate pledge, Pope’s message is shifting US opinion on climate, terrorists strike in Paris: Week 45, 2015November 15, 2015
DECC, a small Whitehall department, loses 1 in 8 jobs. Amber Rudd links action to subsidies, saying “subsidy should be temporary, not part of a permanent business model.”
Terrorists assault Paris in multiple gun and bomb attacks. Speculation soon quoshed that the tragedy means deferral of the climate summit.
EDF... read more...
Obama rejects tar sands pipeline, Exxon under investigating for lying about climate risk, Exxon did lie says presidential hopeful, Peabody forced to disclose climate risk to investors: Week 44, 2015November 8, 2015
NY Attorney General forces Peabody Energy to disclose more on climate risk. Two year investigation finds that Peabody has not been forthright with investors.
“Obama rejects Keystone XL pipeline and hails US as leader on climate change.” Obama says: “Frankly, approving that project would have undercut that global leadership.”
... read more...
November 3, 2015
Dear website visitors
I am in the Bay Area talking to clean-energy companies, investors, regulators, foundations and NGOs. While I have been out here, the pace of the unfolding climate-and-energy drama has been at its fastest yet:
* “Fossil fuel companies risk plague of ‘asbestos’ lawsuits as tide turns on climate change.”
* “Paris climate deal to ignite... read more...
“Paris climate deal to ignite a $90 trillion energy revolution”, “The world is ready for change,” “Fossil fuel companies risk plague of ‘asbestos’ lawsuits as tide turns on climate change.” : Week 43, 2015November 1, 2015
UK spends £2.2bn supporting coal in developing countries, and £1 bn on clear energy. So says a report by ODI and CAFOD.
Paris climate summit: “The world is ready for change.” So says Christiana Figueres. “We should remember that international negotiations don’t cause change, they mark it.”
Profits dive at ExxonMobil... read more...
Draft climate treaty complete, HMG’s climate advisors tell them wind and solar will be cheaper than gas by 2020, HMG signs off world’s most expensive power plant as renewables slashed: Week 42, 2015October 25, 2015
“Cash crunch clouds future for oil firms” WSJ. Big oil struggles to generate enough cash to cover spending and dividends, despite efforts to cuts billions of dollars from their budgets.
Asset managers suffer as oil funds withdraw cash. Sovereign wealth funds are withdrawing billions from funds to support their own economies, and seeking cheaper investment... read more...
To slash and burn renewable investment for the sake of costly support for new nuclear plants is unwiseOctober 19, 2015
Letter to The Times:
Sir, George Osborne assumes that energy demand will increase (“Nuclear deal with China is threat to UK security”, Oct 16) but he should know that, since 2005, energy use in the UK has fallen 18 per cent. He claims a new nuclear station at Hinkley is good value — but how can it contribute to affordability for consumers if it adds £17 billion to the deficit... read more...
US government blocks Arctic exploration, Congressmen call for federal enquiry on Exxon’s climate change denial, 10 oil companies pledge to support Paris – not Exxon: Week 41, 2015.October 18, 2015
France launches global drive for climate deal. Every one on the nation’s ambassadors have been educated in climate change, so they can address meetings etc.
“Diplomats accuse Britain of ‘kowtowing’ to secure Hinkley backing”: FT. Western diplomats based in Beijing are sending snide cables back to capitals.
UK solar power industry proposes... read more...
Obama tweets about solar and wind’s plunging costs, GE moves on clean energy, UK solar job losses top 1,000, Citi cuts coal funding, Glencore calls for Paris treaty to be pro-coal: Week 40, 2015October 11, 2015
“With market on their side”, US utilities are embracing Obama’s power plant restrictions. WSJ reports “electricity producers say they plan to comply rather than contest the regulation.”
“Shell chief pops Carney’s carbon bubble”: Times. CEO claims “lack of realism” concerns him: it means “that meaningful... read more...
BoE governor warns of stranded assets, Shell quits Arctic exploration, US shale oil drillers battle insolvency, UK renewables face “anarchy”, Glencore share price collapses: Week 39, 2015October 4, 2015
“A story of hope: the Guardian launches phase II of its climate change campaign.” The focus will be on the power to change and the solar revolution.
“Mark Carney under attack from investors”. But the FT article features only two anonymous sources and a few named executives with very weak statements.
SolarCity will... read more...
Exxon confirmed climate change in 1982, Pope woos US on climate, China announces cap-and-trade plan during US visit, World leaders agree 17 Sustainable Development Goals: Week 38, 2015September 27, 2015
“Hinkley: a truly major national scandal.” Christopher Booker in the Telegraph: “will be the costliest engineering project Britain has ever embarked on, and a total waste of money.”
World leaders agree sustainable development goals. The UN general assembly in New York has formally adopted the 17-goal blueprint for development over the... read more...