Archive for the ‘Coal’ Category

“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.”

“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.”

“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?”

“Heat rises for fossil fuel industry as climate talks gather pace”: FT.

September 22, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

FT: “This is not a comforting week to be an investor in a big oil or coal company. It began with rallies in capital cities around the world, where tens of thousands of people marched to demand more action to fight climate change. It continues with a UN summit in New York on Tuesday, where Barack Obama, the US president, is to join more than 120 national leaders to set out what sort of climate action they plan to take.”

Organisations controlling £30bn are divesting from fossil fuels.

September 22, 2014 Climate, Coal, Finance, Gas, Oil

Jamie Arbib in the Guardian: “Today marks an important milestone in the emergence of a growing and increasingly significant movement to withdraw investments from fossil fuels and reinvest them into clean energy. Ahead of the UN Climate Summit, it has been announced that organisations and individuals controlling investments of more than £30bn have committed to divesting their dirty energy investments, seven of which – controlling £250m of assets – are from the UK.”

“Rockefellers, heirs to an oil fortune, will divest charity of fossil fuels.”

September 21, 2014 Climate, Coal, Finance, Gas, Oil

NYT: “The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.”

Climate warning to world leaders: stick to 2C limit or face ‘mayhem’.

September 20, 2014 Clean Energy, Climate, Coal, Gas, Oil

Observer: “World leaders must commit themselves to holding current rises in global temperatures to 2C. That is the stark message of experts and campaigners in the runup to the United Nations climate summit that will be held in New York later this week.”

Study finds gas could be worse than coal in climate-policy role.

September 18, 2014 Change for Good, Climate, Coal, Gas

Energy Innovation’s latest study compares the climate impacts associated with electricity generated from natural gas versus coal. The research calculates life-cycle emissions from natural gas and coal, taking into account methane leakage rates, time periods over which the impact is measured, and the quality of gas turbines (and coal plants) being used (and replaced).”

MSCI launches family of low carbon indexes, first to address reserves.

September 16, 2014 Climate, Coal, Finance, Gas, Oil

Business Wire:  ”MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, announced today the launch of the MSCI Global Low Carbon Leaders Indexes, consisting of companies with significantly lower carbon exposure than the broad market.”

New Climate Economy report says fighting climate change can be low cost.

September 16, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Guardian: “Barak Obama has welcomed a report finding that reducing greenhouse gas emissions can be achieved at a low cost and with added benefits in the form of a better quality of life for people around the world.”

Swedish parties pledge to ban Vattenfall’s German coal mine plans.

September 5, 2014 Climate, Coal

Guardian:  ”The coal mining ambitions of Swedish state energy giant Vattenfall have been thrown into doubt after the leaders of all eight major parties promised to ban its planned new operations in Germany.”

“Fossil fuels are no match for the climate elephant.”

September 1, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil
Jeremy 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.”

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

August 29, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil “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.”

“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.”

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.”

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.”

Collective energy switching auction in UK saves £232 per household.

August 6, 2014 Clean Energy, Coal, Gas, Nuclear

Guardian: “Consumers who took part in the most recent council-led collective switching auction to get cheaper gas and electricity bills saved an average of £232 per household, the Local Government Assocation (LGA) has revealed.”

Big 6 face criminal prosecution if suspected of price fixing.

August 5, 2014 Clean Energy, Coal, Finance, Gas, Nuclear

FT: “UK regulators will be given powers to prosecute anyone suspected of rigging the energy market, under proposals being put forward by the government.”

The signs of energy system-change are coming think and fast now.

August 5, 2014 Clean Energy, Climate, Coal, Commentaries, Gas, Oil

Jeremy Leggett in Recharge magazine: “Some mornings these days, I open my laptop, check the energy news and have to pinch myself to make sure that I am not still dreaming, so fast are signs of system change emerging.”

Coal to be “forbidden” from Beijing by 2020.

August 4, 2014 Climate, Coal

Xinhua: “Beijing will ban coal sales and use in its six main districts and other regions by the end of 2020 to cut air pollution, local authorities said on Monday.”