From the log: TOP TEN most recent signposts to the coming energy crisis
Fuels rush in as energy blackout threat prompts action from National Grid.
7 Sep 2014
“Saudi Aramco to invest $400bn to keep oil production steady.”
26 Aug 2014
“UK oil output threatened by platforms running out of juice.”
22 Aug 2014
Shale shock as biggest US putative tight-oil play revised down by 96%.
21 May 2014
IEA: Opec oil supply could fall short of meeting global demand this year.
15 May 2014
Cost of new oil projects >$100, revenue per boe $72: Morgan Stanley.
11 May 2014
“Shale drillers feast on junk debt to stay on treadmill”: Bloomberg.
30 Apr 2014
Giant Kashagan oilfield could be out of production for two years.
7 Apr 2014
“Conventional peak oil is quite probably here”: ex BP geologist.
17 Feb 2014
Big oil companies struggle to justify soaring project costs.
28 Jan 2014
- Fuels rush in as energy blackout threat prompts action from National Grid.
TOP TEN Archive (2011 only)
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FSA & Serious Fraud Office investigate Barclays over 2008 Qatar bailout.
FT: “UK authorities are probing an allegation that Barclays loaned Qatar money to invest in the bank as part of its cash call at the height of the financial crisis in 2008, which enabled the bank to avoid a UK government bailout.” “While the terms of Barclays’ emergency fundraising have been under the scrutiny of the Financial Services Authority and the Serious Fraud Office since the summer – with a particular focus on fees paid for the deal – allegations over a loan to the Qataris is a new thread of the investigation.” One is John Varley, former CEO.
World’s top environmentalists call foundations and philanthropists to action
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“Welcome to the energy transition”: Times special report.
15 Oct 2014
The Times: “It is tempting to be selective and take sustainability success stories, such as the positive climate stance of President Obama, Rockefeller Foundation divestment, and record-breaking solar power generation in China and Germany, as evidence of a global tipping-point moment for the clean and green agenda.”
UK renewables companies consider Hinkley EC legal challenge.
12 Oct 2014
Guardian: “Independent energy supplier Ecotricity is among companies and organisations considering a legal challenge against the European commission decision to give the approval for the Hinkley Point C nuclear plant.”
“Austria has already promised to fight the decision in the courts but Dale Vince, the founder of Ecotricity,… Read-more
Environmentalists’ appeal to foundations on climate: the full case.
2 Oct 2014Jeremy Leggett in Recharge magazine: “Imagine two armies lining up for a make-or-break battle in a civil war. Envisage a group of financiers, worth hundreds of billions, most of whom want a certain side to win.”
“They mostly watch from the sidelines. Yet if their favoured side loses,
“Political will is only barrier to 100% renewables.”
22 Sep 2014
TheEcologist: “A report published ahead of tomorrow’s UN Climate Summit shows that we can meet all our energy needs from renewables, writes Paul Brown – poor nations and prosperous, tiny islands and great cities, in any part of the globe. And some are doing it already.”
“The benefits… Read-more
Leading philanthropic foundations can play vital role in UN climate talks.
15 Sep 2014
On RTCC: “In the largest and most international declaration ever published by environmentalists, 160 winners of environmental prizes from 46 countries, have today called on the world’s foundations to use their financial power to fight global warming.”
“In an appeal published in the International New York Times they call on… Read-more
“Shell’s Jekyll and Hyde approach to climate change.”
8 Sep 2014
Business Week: “In April, Royal Dutch Shell (RDS.A) headlined a group of 70 companies that called on world governments to cap greenhouse gas emissions at a level that will contain global warming.”
“The “Trillion Tonne Communique,” named for the amount of heat-trapping gases that scientists believe can be added to the… Read-more
“Fossil fuels are no match for the climate elephant.”
1 Sep 2014Jeremy Leggett in Recharge magazine: “Evidence of imminent total-system change in energy markets has become clearer in recent months. Let me take five themes in turn: climate change, carbon bubble, shale “surprise”, oil shock and solar revolution.”
“Global average temperatures for May and June were the hottest on
Reasons for optimism about prospects for the Paris climate summit.
21 Aug 2014
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.”
“Jeremy Leggett admits that he has been surprised by the past year. Surprised by the pace at which the cost of… Read-more
UK energy dependence – five hidden costs expose truth about fracking.
18 Aug 2014
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.”
“The vision of an energy-independent Britain, free of the clear and growing problems of overseas fuel dependency, is deeply alluring.… Read-more
- “Welcome to the energy transition”: Times special report.
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