“Clean growth is a safe bet in the climate casino.”

September 23, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Martin Wolf in the FT: “The debate on action over climate change is stuck. Despite copious words and many international conferences, including a UN summit in New York this week, emissions of greenhouse gases continue their upward march. Could this change?”
Read more

SolarAid’s CGI commitment: eradicate kerosene lamp from Africa by 2020.

September 23, 2014 Change for Good, Clean Energy, Climate 

SolarAid press release, no url: “At the 10th Annual Clinton Global Initiative, SolarAid commits to build an alliance to eradicate the kerosene lamp from Africa by 2020.”
Read more

Shale gas part of climate solution UK PM says, not renewables targets.

September 23, 2014 Climate, Gas 

Telegraph: “Shale gas can be part of the solution to tackling climate change and must not be restricted by “green tape”, David Cameron is expected to say on Tuesday at a UN summit on tackling global warming.”
Read more

More than a hundred climate activists arrested on Wall Street.

September 23, 2014 Climate 

Guardian: “More than 100 protesters were arrested after hundreds of people gathered in New York City’s financial district on Monday to denounce what organisers say is Wall Street’s contribution to climate change.”
Read more

Leading companies pledge to transition to 100% renewables.

September 22, 2014 Change for Good, Clean Energy, Climate 

Climate Group: “Leading businesses including, IKEA, Swiss Re, BT, Formula E, H&M, KPN, Mars, Nestlé, Philips, Reed Elesvier, J. Safra Sarasin and Yoox, join a powerful group of NGOs and clean energy experts today to announce the launch of a multi-year initiative to encourage major companies to commit to using 100% renewable power.”
Read more

Google to cut ties with rightwing lobby group over climate change ‘lies’.

September 22, 2014 Climate 

Guardian: “The internet giant Google has announced it is to sever its ties with an influential rightwing lobbying network, the American Legislative Exchange Council, accusing it of “lying” about climate change.”
Read more

“Heat rises for fossil fuel industry as climate talks gather pace”: FT.

September 22, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

FT: “This is not a comforting week to be an investor in a big oil or coal company. It began with rallies in capital cities around the world, where tens of thousands of people marched to demand more action to fight climate change. It continues with a UN summit in New York on Tuesday, where Barack Obama, the US president, is to join more than 120 national leaders to set out what sort of climate action they plan to take.”
Read more

Organisations controlling £30bn are divesting from fossil fuels.

September 22, 2014 Climate, Coal, Finance, Gas, Oil 

Jamie Arbib in the Guardian: “Today marks an important milestone in the emergence of a growing and increasingly significant movement to withdraw investments from fossil fuels and reinvest them into clean energy. Ahead of the UN Climate Summit, it has been announced that organisations and individuals controlling investments of more than £30bn have committed to divesting their dirty energy investments, seven of which – controlling £250m of assets – are from the UK.”
Read more

“Political will is only barrier to 100% renewables.”

September 22, 2014 Clean Energy, Climate, Commentaries 

TheEcologist: “A report published ahead of tomorrow’s UN Climate Summit shows that we can meet all our energy needs from renewables, writes Paul Brown – poor nations and prosperous, tiny islands and great cities, in any part of the globe. And some are doing it already.”
Read more

Officials clear British EDF nuclear project, immediately face legal challenge.

September 22, 2014 Nuclear 

Reuters: “European Union state aid regulators will clear Britain’s plan to build a 16 billion-pound ($26.15 billion) nuclear plant with French utility EDF, a European Commission official said on Monday.”
Read more

Citizens stage biggest-ever climate demonstration, worldwide.

September 21, 2014 Change for Good, Climate 

Guardian: “From Melbourne to Manhattan, tens of thousands of people took to the streets on Sunday to stage the biggest display of popular support for climate action ever seen, and demand that their leaders take action.”
Read more

“Rockefellers, heirs to an oil fortune, will divest charity of fossil fuels.”

September 21, 2014 Climate, Coal, Finance, Gas, Oil 

NYT: “The family whose legendary wealth flowed from Standard Oil is planning to announce on Monday that its $860 million philanthropic organization, the Rockefeller Brothers Fund, is joining the divestment movement that began a couple years ago on college campuses.”
Read more

Climate warning to world leaders: stick to 2C limit or face ‘mayhem’.

September 20, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Observer: “World leaders must commit themselves to holding current rises in global temperatures to 2C. That is the stark message of experts and campaigners in the runup to the United Nations climate summit that will be held in New York later this week.”
Read more

Exxon winds down Russian Arctic drilling campaign as sanctions bite.

September 19, 2014 Gas, Oil 

FT: “Exxonmobil, the US oil company, is winding down its drilling campaign in the Russian Arctic, making it the biggest corporate casualty of sanctions announced by the US and EU this month, by putting its $700m project on indefinite hold.”
Read more

“Shale fracking is a ‘ponzi scheme’, ‘….equivalent of the dot.com crash’.”

September 19, 2014 Gas, Oil 

Washington’s Blog on Global Research: “In 2011, the New York Times wrote: “Money is pouring in” from investors even though shale gas is “inherently unprofitable,” an analyst from PNC Wealth Management, an investment company,  wrote to a contractor in a February e-mail.
Read more

“Coal gloom coming from activists, not genuine analysts: miners.”

September 19, 2014 Change for Good 

Australian: “Miners  say climate change cam­paigners are dressing up envir­onmental activism as fin­an­cial advice before the release of a global report on the future of coal, which predicts thermal coal demand will peak in China by 2016.”
Read more

“Toil for oil spells danger for majors.”

September 19, 2014 Clean Energy, Oil 

Mark Lewis: a major new report for Kepler Cheuvreux: “Until now, concern over new high-cost oil projects potentially becoming stranded in future has focused on the downside risk to oil prices, a concern that will only increase if oil prices – already down by nearly USD20/bbl since June on demand worries – fall further near term.” Read more

“US solar and wind start to outshine gas”: FT.

September 18, 2014 Clean Energy, Gas 

FT: “Large wind farms and solar plants are now cost-competitive with gas-fired power in many parts of the US even without subsidy, according to Lazard, raising the prospect of a fundamental shift in the country’s energy market.”
Read more

Study finds gas could be worse than coal in climate-policy role.

September 18, 2014 Change for Good, Climate, Coal, Gas 

Energy Innovation’s latest study compares the climate impacts associated with electricity generated from natural gas versus coal. The research calculates life-cycle emissions from natural gas and coal, taking into account methane leakage rates, time periods over which the impact is measured, and the quality of gas turbines (and coal plants) being used (and replaced).”
Read more

MSCI launches family of low carbon indexes, first to address reserves.

September 16, 2014 Climate, Coal, Finance, Gas, Oil 

Business Wire:  ”MSCI Inc. (NYSE:MSCI), a leading provider of investment decision support tools worldwide, announced today the launch of the MSCI Global Low Carbon Leaders Indexes, consisting of companies with significantly lower carbon exposure than the broad market.”
Read more