Archive for the ‘Coal’ Category

EU leaders agree to cut greenhouse gas emissions by 40% by 2030.

October 24, 2014 Clean Energy, Climate, Coal, Gas, Oil

Guardian: “European leaders have struck a broad climate change pact obliging the EU as a whole to cut greenhouse gases by at least 40% by 2030. But key aspects of the deal that will form a bargaining position for global climate talks in Paris next year were left vague or voluntary, raising questions as to how the aims would be realised.”
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Climate and clean energy now in top 3 US electoral ad issues.

October 23, 2014 Clean Energy, Climate, Coal, Gas, Oil

Tree Alerts (no url): “Climate and energy issues now rank in the top three issues mentioned in electoral ads as the midterm elections near in the US.”
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Fossil fuel divestment: climate activists take aim at Australia’s banks.

October 18, 2014 Climate, Coal, Gas, Oil

Guardian: “Climate change activists will aim to give the big banks a $200m bloody nose on Saturday, in the latest round of what has been an increasingly bitter campaign to force the divestment of companies with fossil fuel interests.”
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Pacific Islanders blockade Australian coal port to protest rising sea levels.

October 17, 2014 Climate, Coal

Guardian: “A group of Pacific Islanders joined an environmental protest blockading the Newcastle coal port on Friday, disrupting shipping traffic by paddling canoes across the harbour mouth.”
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“Welcome to the energy transition”: Times special report.

October 15, 2014 Clean Energy, Climate, Coal, Commentaries, Gas, Oil

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.”
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Mining companies lobby G20 leaders to back coal as future of energy.

October 14, 2014 Clean Energy, Climate, Coal

Guardian: “Mining companies are campaigning for the G20 leaders’ meeting to support continued use of coal as a solution to the global “energy poverty” crisis, as Australia resists the inclusion of climate change on the formal agenda.”
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Mark Carney: most fossil fuel reserves can’t be burned.

October 13, 2014 Climate, Coal, Finance, Gas, Oil

Business Green: “The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions.”
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EU subsidies: for every € going to solar, 0.67 goes to coal.

October 13, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

EU Press release: “The functioning of energy markets and the size and effect of government interventions has been the subject of debate for years. To date however, a consolidated dataset for government interventions in the power market of the European Union has been missing.”
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Australian government bullies ANU after divestment decision.

October 13, 2014 Climate, Coal, Finance, Gas, Oil

Guardian: “The government has been accused of bullying the Australian National University, after Joe Hockey criticised it for divesting from a number of fossil fuel companies.”
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Carney on carbon-bubble risk: “vast majority of reserves are unburnable”.

October 12, 2014 Climate, Coal, Finance, Gas, Oil

Emerging Markets: “A public call by Bank of England governor Mark Carney that the vast majority of oil reserves should be considered “unburnable” if the world wants to avoid catastrophic climate change makes him stand out among mainstream figures.”
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Pollution levels hit 20 times safe limit in northern China.

October 10, 2014 Climate, Coal, Oil

Guardian: “Days of heavy smog shrouding swathes of northern China pushed pollution to more than 20 times safe levels on Friday, despite government promises to tackle environmental blight.”
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Japan’s utilities turn on solar, threatening industry’s prospects.

October 9, 2014 Clean Energy, Coal, Gas, Nuclear

Bloomberg: “After spending almost $30 billion on solar energy in a single year and installing as many panels as exist in the whole of Spain, Japan is preparing to ratchet back its boom in photovoltaic power. At least five of the nation’s utilities are restricting the access of new solar farms to their grids.”
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Glasgow becomes first university in Europe to divest from fossil fuels.

October 8, 2014 Climate, Coal, Finance, Gas, Oil

Guardian: “Glasgow University has become the first academic institution in Europe to divest from the fossil fuel industry, in a turning point for the British arm of the student-led global divestment movement.”
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Solar and wind cost may fall to level for coal by 2020s, study says.

October 7, 2014 Clean Energy, Coal, Finance

Bloomberg:  ”The cost of solar and onshore wind power may fall to the same level as generation from fossil fuels by the 2020s, energy consultant Poyry Oyj (POY1V) said in a report.”
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Big Australian pension fund offloads coal investments.

October 7, 2014 Climate, Coal, Finance

FT: “One of Australia’s biggest public sector pension funds is to sell its holdings in coal companies, saying that climate change is an “unarguable scientific reality” and a “very real investment risk”.”
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Environmentalists’ appeal to foundations on climate: the full case.

October 2, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil
Jeremy 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.”
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Big Six energy giants ‘will lose a quarter of their customers’ by 2020.

October 1, 2014 Clean Energy, Coal, Finance, Gas, Nuclear

Telegraph:  ”The Big Six energy suppliers will lose a quarter of their customers by 2020 as millions of households switch to cheaper rivals, leading analysts have forecast. The least competitive of the major suppliers are likely to quit the market altogether in a radical shake-up of the energy sector, according to analysts at Citigroup.”
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First commercial-scale CCS plant finally operational – & dependent on oil.

October 1, 2014 Climate, Coal, Oil

Guardian: ”Canada has switched on the first large-scale coal-fired power plant fitted with a technology that proponents say enables the burning of fossil fuels without tipping the world into a climate catastrophe.”
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UBS: Divestment will catalyse “significant, structural” change in energy.

September 30, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

UBS Global Research (no url, paper for clients): “Following on a series of recent meetings with our clients, we highlight the fossil fuel disinvestment campaign as potentially effective movement, defined as one that will act as a catalyst for change.”
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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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