Blog Archives

E.ON becomes the first big energy company to break ranks with a U-turn on energy transition, trouble of all sorts for shale, Lima climate summit gears up in face of the hottest year ever, BP & Shell in disfavour with the Church, viable future for oil and gas giants questioned in FT: Week 48, 2014

Typhoon Hagupit forces a million Philippinos to flee their homes. For the third climate summit running, the nation suffers a devastating storm. “UN climate talks call future of energy majors into question”: FT. “ExxonMobil and Shell would cease to exist

Posted in Chronicle, Clean Energy, Climate, Coal, Finance, Gas, Oil Tagged with:

BoE to examine risks carbon-fuel companies pose to financial stability.

FT: “The Bank of England has revealed it is to examine formally for the first time the risks fossil fuel companies pose to financial stability.”

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UK regulator introduces tough controls aiming to cut energy bills.

FT: “UK energy regulator Ofgem has outlined tough annual price controls for power distributors that it claims will cut £2.1bn from customer bills – equivalent to £11 per household – and increase compensation for extended power outages.”

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Obama climate change envoy: fossil fuels will have to stay in the ground.

Guardian: “The world’s fossil fuels will “obviously” have to stay in the ground in order to solve global warming, Barack Obama’s climate change envoy said on Monday.”

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One of three UK emergency power plants fails output test.

FT: “One of the three power stations being paid by National Grid to come online in an emergency this winter has failed a test run, heightening concerns over the reliability of Britain’s creaking, accident-prone electricity system.”

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Norway’s largest pension fund vows to drop coal mine holdings.

FT: “Norway’s largest pension fund has vowed to drop its holdings in coal miners, intensifying pressure on the coal industry from global investors.”

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CCS will struggle to be viable, lead practitioner says.

FT: “A technology at the heart of efforts to avoid global warming will struggle to be economically viable in many places, the company spearheading its use in the power industry has revealed.”

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Ten years of watching unrealistic scenarios in IEA World Energy Outlooks.

David Macleod for Resilience: “The International Energy Agency (IEA) is the energy watchdog of the industrial world. The developed nations of the world were caught off guard by the oil crisis of 1973.”

Posted in Chronicle, Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Coal isn’t the way out of energy poverty: Carbon Tracker report.

Carbon Tracker press release (no url): “Rural communities in Africa and India suffering most from a lack of modern energy can exploit the falling costs of renewable power, to access electricity without the need for expensive grid transmission networks, new

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China targets 8 GW of rooftop solar this year.

Bloomberg: ” China, the world’s biggest solar market for two years running, is pushing to install more panels at factories, schools and even greenhouses as it seeks to meet its goals under a historic climate agreement with the U.S.”

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