Archive for the ‘Gas’ Category

Residents weep with relief as council rejects Sussex fracking site.

July 22, 2014 Gas, Oil

West Sussex Gazette: “Villagers wept with relief as plans for exploratory drilling between Kirdford and Wisborough Green were thrown out by the county council today (Tuesday July 22).”
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Solar displacing oil for lighting, en route to the rest of fossil fuels.

July 19, 2014 Change for Good, Clean Energy, Climate, Coal, Commentaries, Gas, Oil

Robyn Williams on ABC Radio National: “Jeremy Leggett describes kerosene lamps as the vampires of developing communities in Africa. They suck financial resources to provide pitiful light, noxious fumes, lost houses and schools due to accidents, as well as damaging emissions.”
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California halts injection of fracking waste, fearing contamination.

July 18, 2014 Gas, Oil

Propublica: “California officials have ordered an emergency shut-down of 11 oil and gas waste injection sites and a review more than 100 others in the state’s drought-wracked Central Valley out of fear that companies may have been pumping fracking fluids and other toxic waste into drinking water aquifers there.”
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The Economist on Shell, Exxon & carbon: “the elephant in the atmosphere”.

July 18, 2014 Climate, Commentaries, Finance, Gas, Oil

Economist: “In September 2013 a group of institutional investors with $3 trillion of assets under management asked the 45 biggest quoted oil firms how climate change might affect their business and, in particular, whether any of their oil reserves might become “stranded assets”—unusable if laws to curb emissions of carbon dioxide became really tight.”
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Australia kills off carbon tax.

July 17, 2014 Clean Energy, Climate, Coal, Gas, Oil

Guardian: “Australia’s carbon price has been repealed, leaving the nation with no legislated policy to achieve even the minimum 5% greenhouse emissions reduction target it has inscribed in international agreements.”
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Ineos to build ethane facility at Grangemouth for US shale gas imports.

July 17, 2014 Gas

Guardian: “The owners of the petrochemicals plant in Grangemouth, the future of which was in doubt last year, have won a £230m loan guarantee from the UK government to build a new facility to import shale gas.”
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“‘Terrifying’ oil skills shortage delays projects and raises risks”: FT.

July 16, 2014 Gas, Oil

FT: “….The skills shortage in the oil patch is frequently cited as one of the biggest challenges facing the industry. In what has been called the “Great Crew Change”, the older generation of geoscientists and petroleum engineers who were hired before the sweeping lay-offs of the 1980s are now approaching retirement age and will soon leave the world of work.”
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Europe risks ‘significant’ gas shortages this winter: Total.

July 14, 2014 Gas

FT: “Europe faces a “significant risk” of gas shortages this winter if there is any disruption to Russian supplies through Ukraine, one of the continent’s leading energy executives has warned.”
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Customer complaints about the Big 6 are at an all time high.

July 14, 2014 Coal, Gas, Nuclear

Guardian: “The number of customers complaining to the independent ombudsman about their energy bills has soared with more people making official complaints in the first six months of this year than the whole of last year put together.”
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Iraq and Libya crucial to global oil supply in the short term: IEA.

July 11, 2014 Gas, Oil

FT: “Demand for oil is set to accelerate next year as the global economy gains momentum and will be met by rising supplies from the US and Canada, according to the west’s energy watchdog.”
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Chairman of fracking firm Cuadrilla helps select DECC senior execs.

July 10, 2014 Gas, Oil

ClickGreen.com: “The chairman of fracking firm Cuadrilla has the power to hand-pick the board of non-executive directors at the Department of Energy and Climate Change, ClickGreen can reveal.”
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“Shell underestimates risk for up to $77 billion of high cost oil projects.”

July 9, 2014 Climate, Finance, Gas, Oil

Carbon Tracker press release: “The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) have today jointly published a thorough response to Shell’s stranded assets statement published on May 16th.”
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“Fossil industry is the subprime danger of this cycle” / solar the future.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil

Ambrose Evans-Pritchard in the Telegraph: “The cumulative blitz on energy exploration and production over the past six years has been $5.4 trillion, yet little has come of it.”
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Deep decarbonization pathways available to hit 2˚C climate target: report.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Guardian: “The United Nations was presented with a roadmap to avoid a climate catastrophe on Tuesday, prescribing specific actions for the world’s biggest economies to keep warming below 2C.”
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National Grid chief calls for more interconnectors to UK.

July 6, 2014 Coal, Gas, Nuclear

FT: “Energy prices for British consumers would fall by £1bn a year if electricity interconnectors between continental Europe and the UK were doubled by 2020, according to the operator of the UK’s gas and electricity networks.”
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British Gas to pay £1m for defrauding customers.

July 4, 2014 Gas

Guardian: “British Gas has been forced to pay out £1m to customers after mis-selling energy deals to thousands of shoppers in Sainsbury’s stores nationwide and the Westfield shopping centre in Shepherd’s Bush, London.”
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Germany relaxes fracking ban to allow “scientific trials”.

July 4, 2014 Gas

FT: “Germany is to relax its outright opposition to fracking by allowing field trials of the controversial technology in a step towards tapping the country’s vast reserves of shale gas.
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UK’s geology means fracking threatens drinking water, developers warned.

July 3, 2014 Gas, Oil

Guardian: “The UK’s complex geology will pose challenges for fracking companies wanting to avoid water contamination in some parts of the country, according to the British Geological Survey (BGS).”
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Shell is wrong to accuse Carbon Tracker of “trivialising the climate debate”.

July 3, 2014 Climate, Coal, Commentaries, Finance, Gas, Oil
Jeremy Leggett in Recharge: “A debate is growing in the capital markets about whether carbon-fuel assets are at risk of being stranded — rendered unuseable by trends and events, including policies to combat global warming. ExxonMobil and Shell are to be congratulated for recently injecting a much-needed degree of transparency into the argument.”
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Renewables to win two-thirds of energy investment by 2030: Bloomberg.

July 1, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil

Bloomberg: “Renewable energy may reap as much as two-thirds of the $7.7 trillion in investment forecast for building new power plants by 2030 as declining costs make it more competitive with fossil fuels.”
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