Archive for the ‘Gas’ Category

UK shale gas drillers confirm they will flare methane.

May 9, 2013 Climate, Gas

Guardian: “The two companies exploring for shale gas in the UK have confirmed that they intend to flare methane gas from their wells in a move that has been condemned by environmentalists.” (more…)

Oxford alumni condemn choice of Shell to fund earth sciences lab.

May 8, 2013 Clean Energy, Climate, Commentaries, Gas, Oil

Guardian: “Jeremy Leggett among 100 signatories to letter opposing oil firm’s likely influence over university’s climate change studies.” (more…)

“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…)

BGS told by Treasury to redo disappointing report on shale resources.

April 28, 2013 Gas

FT: “George Osborne had wanted to herald in the budget the dramatic findings of a British Geological Survey report – that the extent of shale gas reserves in the UK has been vastly underestimated – as part of a sweeping pro-shale announcement, according to Whitehall sources.” (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…)

Caudrilla censured by ASA over fracking claims.

April 24, 2013 Gas

Guardian: “Cuadrilla, the only shale fracking company operating in the UK, has been slapped down by the advertising watchdog for claiming that it uses “proven, safe technologies”. (more…)

UK government’s climate advisors say gas dash blocks renewables.

April 24, 2013 Clean Energy, Gas

Guardian: The Committee on Climate Change “sounded caution on the prospects for widespread development of shale in the UK. It said that relying heavily on gas would scupper the UK’s chances of meeting emissions targets in the longer term, and prevent needed investments in low-carbon technologies.” (more…)

Shell admits shale exploitation will be much slower outside the US.

April 23, 2013 Gas, Oil

FT: “The development of shale oil and gas reserves around the world will generally be much slower than in North America, a senior executive at Royal Dutch Shell has warned.” (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…)

In Google searches, fracking leaps, and peak oil plunges.

April 17, 2013 Gas, Oil

WSJ: “Has peak oil peaked? Judging from the number of Google searches, it looks that way. On the other hand, the history of Google searches for terms related to hydraulic fracturing, or “fracking,” is on an upswing.” (more…)

Centrica buys into Canadian fracked gas potential.

April 15, 2013 Gas

FT: “Centrica …..has agreed to buy a bundle of gas and oil assets in Canada for C$1bn alongside investment partner Qatar Petroleum.” (more…)

Utica Shale disappoints as a tight oil prospect.

April 15, 2013 Gas, Oil

Bloomberg: “U.S. drillers that set up rigs amid the rolling farmland of eastern Ohio on projections underground shale held $500 billion of oil are packing up.” (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…)

PGC hikes US gas resource estimate by >25%.

April 9, 2013 Gas

FT: “The report of the Potential Gas Committee found that the US has technically recoverable natural gas potential of 2,384tn cubic feet – the highest evaluation in the group’s 48-year history, and double the level 10 years ago.” (more…)

Shell and Gazprom join forces to exploit Siberian tight oil.

April 5, 2013 Gas, Oil

FT: “The new deal will see the two companies join forces to develop parts of the Bazhenov shale, a vast formation in western Siberia that is one of the largest accumulations of unconventional oil in the world. Oil executives call it “Russia’s Bakken”, a reference to the formation in North Dakota that has driven a huge increase in US oil production.” (more…)