Archive for the ‘Coal’ Category

“Call a truce in the no-winners solar war.”

May 7, 2013 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Nuclear, Oil

Jeremy Leggett in the FT: Europe is on the brink of a trade war with China in one of the fastest-growing global industries. America and China are already engaged in battle. The job-rich and emissions-low solar photovoltaics industry is heading for severe impairment, at best.” (more…)

The vital role of foundations in the retreat from fossil fuels.

May 1, 2013 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

Alliance magazine: “On 18 April Carbon Tracker, a UK-based foundation-led initiative, released its second report, Unburnable Carbon: Avoiding wasted capital and stranded assets. We need a managed, rapid and complete retreat from the use of fossil fuels if disastrous global warming is to be avoided, Jeremy Leggett, chair of Carbon Tracker, tells Caroline Hartnell.” (more…)

Top official working on EMR resigns as analyst warns HMG off gas reliance.

April 29, 2013 Clean Energy, Coal, Gas, Nuclear

Guardian: “The government’s controversial electricity market reform (EMR) programme has been dealt a serious blow with the resignation of the top civil servant working on the scheme.” (more…)

Scant evidence that US gas will stop growing oil demand: FT Alphaville.

April 29, 2013 Coal, Gas, Oil

Kate MacKenzie in the FT:  “We’ve been reading a lot lately about the potential for cheap natural gas to replace oil-derived transport fuels in the US — and perhaps globally. Much of this excitement overlooks some fundamentals of energy and commodities in general and the US natural gas sector in particular.” (more…)

Australian coal asset value could implode: Carbon Tracker.

April 28, 2013 Climate, Coal

Guardian: “Australia’s huge coal industry is a speculative bubble ripe for financial implosion if the world’s governments fulfil their agreement to act on climate change, according to a new report.” (more…)

US cities join 350.org fossil-fuel divestment campaign.

April 25, 2013 Climate, Coal, Gas, Oil

Guardian: “The cities of San Francisco and Seattle have pulled their money out of fossil fuel companies, taking a climate divestment campaign from college campuses to local government. The campaign group 350.org said on Thursday it had won commitments from a total of 10 cities and towns to divest from 200 of leading fossil fuel companies.” (more…)

As cities drown in smog, China gets ever more serious about renewables.

April 22, 2013 Clean Energy, Climate, Coal

REW: “China’s renewable energy sector is expected to adopt a more stable and regulated development pace in 2013 as many favorable policies to drive the development of the sector have been established, along with increased awareness of environmental protection and benefits of renewable energy.” (more…)

UK energy prices: most inflation is not due to green energy, but gas.

April 21, 2013 Clean Energy, Coal, Gas, Nuclear

Guardian: “The simple answer is that green energy is not costing you nearly as much as you’ve been led to believe. Yes, energy bills have soared. A new government report analysing the cost of energy and climate-change policies on the cost of energy lays the blame squarely at the feet of global gas prices, followed by network costs.” (more…)

Report urges use of gas to avoid UK energy crunch.

April 21, 2013 Clean Energy, Climate, Coal, Gas, Nuclear

FT: Closing Britain’s coal-fired power stations should continue if the government is to meet carbon cutting targets, according to a cross-party report. It argued that gas power generation could providing enough capacity to avoid an energy crunch in the next decade.” (more…)

Two minutes that I hope might begin turning the climate tide.

April 20, 2013 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil

JL open e-mail: “I am living in hope that if this 2 minute animation of the latest CarbonTracker findings holds huge potential in the climate debate. Its not just the way that it portrays the findings of our latest Carbon Tracker report, launched at a packed event last Thursday in Bloomberg’s HQ in the heart of the City of London. Its the nature of the arguments. You don’t even have believe in the danger of climate change to see that. You just have to believe that its worth having a pension that doesn’t evaporate on you.” (more…)

“How your pension is being used in a $6 trillion gamble.”

April 19, 2013 Climate, Coal, Commentaries, Finance, Gas, Oil

Bill McKibben and Jeremy Leggett in the Guardian: “Suppose you weren’t worried that we humans are destroying our water supply and eroding our ability to feed ourselves by burning coal and gas and oil and hence changing climate. Suppose you thought that was all liberal hooey. What might worry you about fossil fuels instead? How about a six trillion dollar bet, including a big slug of your own money, on people not doing what they have said they are going to do, and that some have already sworn to do in law?” (more…)

Carbon bubble ‘creates global economic risk’.

April 18, 2013 Climate, Coal, Finance, Gas, Oil

Guardian: Front page headline:” Economists fear massive losses on overvalued oil, coal and gas reserves.” “The world could be heading for a major economic crisis as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars….” (more…)

Big 6 take average £95 profit per household on dual bills.

April 12, 2013 Coal, Gas, Nuclear

Guardian: “The big six energy suppliers have been accused of “cold-blooded profiteering” after official figures showed they had more than doubled their retail profit margins over the last 18 months and were now earning an average of £95 profit per household on dual-fuel bills.” (more…)

One in five UK households now in debt to their energy supplier.

April 9, 2013 Coal, Gas, Nuclear

Guardian: “Soaring energy costs and an exceptionally cold winter have squeezed family finances to the extent that 20% of households are now in debt to their energy supplier, according to comparison website uSwitch.” (more…)

Japan plans radical electricity market shakeup. Only 2 reactors online.

April 2, 2013 Clean Energy, Coal, Gas, Nuclear

FT: The ten regional utilities will be split up. “Even before the Fukushima disaster prompted the shutdown of most of Japan’s nuclear plants, pushing up generating costs, electricity rates were twice those in the US and triple those in South Korea.” (more…)

UK 2012 CO2 emissions up 4.5% due to coal increase.

March 28, 2013 Climate, Coal, Gas, Nuclear

Guardian: The UK’s emissions of climate-warming gases surged in 2012 as cheap coal replaced gas in power stations.” (more…)

Bergen City Council proposes pension fund sell major carbon holdings.

March 23, 2013 Climate, Coal, Finance, Gas, Oil

Byluftlisten: “The City Air List (Byluftlisten) in the Bergen City Council on March 22, 2013 submitted a proposal to sell the city pension fund’s holdings in companies with significant fossil fuel reserves. The «unburnable» carbon risk consists in significant portions of such holdings becoming worthless if global climate policy succeeds.” (more…)

Bergen City Council considers proposal to sell fossil fuel shares.

March 23, 2013 Change for Good, Clean Energy, Climate, Coal, Finance, Gas, Oil

Byluftlisten: “The City Air List (Byluftlisten) in the Bergen City Council on March 22, 2013 submitted a proposal to sell the city pension fund’s holdings in companies with significant fossil fuel reserves. The «unburnable» carbon risk consists in significant portions of such holdings becoming worthless if global climate policy succeeds.” (more…)

Growth in Chinese wind eclipses coal growth.

March 22, 2013 Clean Energy, Coal

GreenTechMedia: “China’s use of wind to generate electricity grew faster than coal for the first time in 2012, according to just released numbers from the China Electricity Council.” (more…)

Use gas, including fracked gas, to replace coal: Grantham Institute.

March 18, 2013 Climate, Coal, Gas

Guardian: “The UK should use natural gas, including from “fracking”, to help cut carbon by replacing coal for power supplies over the next few years, a report has suggested.” (more…)

Gas plants shutting across Europe in face of demand drop, cheap coal, RE.

March 13, 2013 Clean Energy, Coal, Gas

REW: “Three years ago, Germany’s largest utility spent 400 million euros ($523 million) building a natural gas-fired power station. Later this month, the company may close the plant because it’s losing so much money.” (more…)

E.ON lobbied for long sentences for climate protestors, or else.

February 19, 2013 Climate, Coal

Guardian: “The UK chief executive of energy giant E.ON repeatedly lobbied the then-energy secretary Ed Miliband and others over the sentencing of activists disrupting the company’s power plants, warning that any failure to issue “dissuasive” sentences could “impact” upon investment decisions in the UK.” (more…)

UK energy supplies heading downhill fast, warns Ofgem.

February 19, 2013 Clean Energy, Coal, Gas, Oil

Guardian: “The energy regulator’s chief executive, Alistair Buchanan, issued the stark warning to consumers and businesses to prepare for higher prices as power plants close, foreign gas supplies shrink and increasing demand tightens the British energy market.” (more…)