Archive for the ‘Gas’ Category

Fracking push gets go-ahead across UK: half the nation open for bids.

July 28, 2014 Climate, Gas, Oil

Guardian: “Ministers will give the go-ahead on Monday for a big expansion of fracking across Britain that will allow drilling innational parks and other protected areas in “exceptional circumstances”.
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“Coal company pain accelerates as bankruptcy cases rise”: Bloomberg.

July 25, 2014 Coal, Gas

Bloomberg: “The coal business, after fueling the Industrial Revolution and powering U.S. growth for much of the past century, is now beset by a glut of cheap natural gas and tighter regulation.”
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The Energy of Nations: “thriller-like”, “fast-paced”, “wonderful anecdotes”.

July 24, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Nuclear, Oil

Germana Canzi: “It was with a bit of trepidation that I started to read Jeremy Leggett’s most recent book,The Energy of Nations: Risk Blindness and the Road to Renaissance (Routledge, 2013). Last time I read one of Leggett’s books – The Carbon Wars – it had such an impact on me that it contributed heavily to my decision to leave a promising job as a financial journalist to pursue a fascinating but less linear career in climate change policy.”
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Four reasons why US fracking may turn out to be a bubble.

July 23, 2014 Climate, Finance, Gas, Oil

Quartz: “Hydraulic fracturing—the oil drilling technique that unlocks oil and gas tightly trapped in rock formations—has been a recent bonanza for the US, creating economic growth, cheap fossil fuels and even changing the way the earth looks from space. But is it going to last?”
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EU agrees to improve energy efficiency 30% by 2030.

July 23, 2014 Clean Energy, Climate, Coal, Gas

Guardian: “European Union member states will have to improve their energy efficiency by nearly a third in the next 15 years, under new proposals unveiled on Wednesday by the European commission.”
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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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Fears slump in Russia could trigger new global economic meltdown.

July 22, 2014 Finance, Gas, Oil

Larry Elliot in the Guardian: “….The meltdown scenario can be easily sketched out. Every global downturn since 1973 has been associated with a sharp rise in the price of energy. Russia is one of the world’s biggest energy suppliers and is responsible for about one-third of Europe’s gas.”
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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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