Solar market poised for growth in India with solar champion as PM.

September 30, 2014 Clean Energy 

Guardian: “From the observation tower in the Thar desert and as far as the eye can see, the dark blue arrays of a million solar panels can be seen sitting silently on the red dust. The Charanka solar park in Gujarat is an “ultra-mega” power project – the Indian government’s phrase – and the biggest in Asia.”
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Exxon releases report on fracking impacts, under shareholder pressure.

September 30, 2014 Finance, Gas, Oil 

NYT: “Exxon Mobil issued a report Tuesday that acknowledges the environmental risks of hydraulic fracturing but also defends the practice as being better for the environment than other types of energy production and generation.”
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Renewable energy curb by Japanese utilities could pressure nuclear restart.

September 29, 2014 Clean Energy, Nuclear 

FT: “Two Japanese utilities, responsible for about a fifth of the nation’s power, say they have had their fill of renewable energy, in a move that could add pressure on community leaders to allow idled nuclear reactors back on line.”
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Rising Marcellus shale output disrupts US gas prices.

September 29, 2014 Gas, Oil 

FT: “….The new direction for the Rockies Express shows how pipeline companies are scrambling to keep up with breakthroughs in shale gas drilling. Unlike shale oil, which is booming in North Dakota and Texas, the strongest shale gas growth is in northeastern states.”
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US soon to be no. 1 liquid petroleum producer (but still 3rd in crude).

September 29, 2014 Gas, Oil 

FT: “The US is overtaking Saudi Arabia to become the world’s largest producer of liquid petroleum, in a sign of how its booming oil production has reshaped the energy sector.”
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Latest US shale failure wipes out almost all Sumitomo’s earnings.

September 29, 2014 Gas, Oil 

FT: “Sumitomo of Japan has drawn a line under its disastrous two-year foray into shale oil in the US, with writedowns connected to the project almost completely erasing its full-year earnings.”
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British firm Ineos accused of ‘bribes and bulldozers’ approach to fracking.

September 29, 2014 Gas, Oil 

Guardian: “One of Britain’s biggest industrial firms has been accused of taking a “bribes and bulldozers” approach to fracking after unveiling a multi-billion pound plan to compensate landowners and local communities affected by its plans to use the controversial drilling technique.”
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Solar power world’s top electricity source by 2050, at 27% of mix: IEA.

September 29, 2014 Clean Energy 

Guardian: “Solar energy could be the top source of electricity by 2050, aided by plummeting costs of the equipment to generate it, a report from the International Energy Agency (IEA), the West’s energy watchdog, said on Monday.”
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Record world debt could trigger new financial crisis, Geneva report warns.

September 29, 2014 Finance 

Guardian: “Global debts have reached a record high despite efforts by governments to reduce public and private borrowing, according to a report that warns the “poisonous combination” of spiralling debts and low growth could trigger another crisis.”
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Rosneft and ExxonMobil find oil with their $700m Arctic well.

September 27, 2014 Oil 

FT: “Russia’s top crude oil producer Rosneft confirmed on Saturday that it has made an oil discovery with ExxonMobil at their controversial joint well in the Arctic.”
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Banks could face record fines totalling £1.8bn over currency rigging.

September 26, 2014 Finance 

Guardian: “Six major banks caught up in the investigation into rigging the currency markets are being pressed by the regulator to agree to fines – possibly of as much as £1.8bn – in the next eight weeks.”
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Fracking trespass law changes move forward despite huge public opposition.

September 26, 2014 Gas, Oil 

Guardian: “Fracking will take place below Britons’ homes without their permission after ministers rejected 40,000 objections to controversial changes to trespass laws.
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Big oil groups blame climate change on coal at UN summit.

September 26, 2014 Climate, Gas, Oil 

FT: “….Khalid A Al-Falih, chief executive of the world’s biggest oil producer, Saudi Aramco, a goliath in a fossil fuel industry that many summit speakers said would eventually need to be wiped out. ….Saudi Aramco, said Mr Al-Falih, was “committed to being a part of the climate solution the world needs”, and he was not alone.”
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The UN climate summit shifts the dial on new green investment.

September 25, 2014 Clean Energy, Climate, Finance 

Green Bonds newsletter (no url): “….Ban Ki Moon’s audacious Summit convening (that’s really the only power we allow him) made for a really useful event: it bought out marchers around the world to ask their governments for action; and it extracted some useful new commitments, such as:”
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“Coal: Before the Flood.”

September 25, 2014 Clean Energy, Climate, Coal 

FT Lex: “….There are holes in the market. China alone has several. The country’s leaders are eager to shift away from energy-intensive investment, towards consumption.”
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“Spooked” coal industry counter attacks divestment campaign.

September 24, 2014 Climate, Coal, Finance 

Australian Financial Review: “Anglo American chief Mark Cutifani is calling on the Australian coal industry to mount a counter-attack against the global divestment effort urging investors to dump holdings in fossil fuels.”
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Times “Fracking ‘greener than solar panels’” story refuted by author quoted.

September 24, 2014 Clean Energy, Gas 

Guardian: “Researchers at Manchester University have found that fracking causes less toxicity to humans and marine ecosystems and uses less resources than solar panels and wind turbines.”
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“How a single multinational corporation could light up the world.”

September 24, 2014 Change for Good, Clean Energy 

Guardian: “Most Americans take turning lights on for granted. But one in five people in the world still can’t plug anything in. The World Bank estimates 1.2 billion people lack electricity all together – resulting in millions of premature deaths yearly – and many more have undependable or unaffordable electricity service.”
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Views differ on efficacy of UN climate summit.

September 24, 2014 Climate 

Michael Jacobs in the Guardian: “So 120 government leaders each made 4 minute speeches about climate change at the United Nations. Did it make any difference? Yes, but not in the ways you might think.”
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“Clean growth is a safe bet in the climate casino.”

September 23, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Martin Wolf in the FT: “The debate on action over climate change is stuck. Despite copious words and many international conferences, including a UN summit in New York this week, emissions of greenhouse gases continue their upward march. Could this change?”
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