EIA: Oil & gas cos take on debt, sell assets to boost cash flow.

August 4, 2014 Gas, Oil 

Rigzone: “Oil and gas companies are taking on debt and selling assets to make up for the shortfall between operational cash flow and cash being spent, according to a recent report from the U.S. Energy Information Administration (EIA).”
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Big companies using thermal storage to meet carbon rules.

August 4, 2014 Clean Energy 

Bloomberg: “Clustered deep beneath the trading floors of Goldman Sachs Group Inc.’s Manhattan headquarters are 92 tanks with enough ice for 3.4 million margaritas.”
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World’s top PR companies rule out working with climate deniers.

August 4, 2014 Climate 

Guardian: “Some of the world’s top PR companies have for the first time publicly ruled out working with climate change deniers, marking a fundamental shift in the multi-billion dollar industry that has grown up around the issue of global warming.”
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Sharp cuts solar module business, shifts focus to energy storage systems.

August 4, 2014 Clean Energy 

Bloomberg: “Sharp Corp., the Japanese company that stopped making solar panels in the U.S. and the U.K., is betting power users in the U.S. will benefit from a device to store energy and control demand when it’s needed the most.”
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Coal to be “forbidden” from Beijing by 2020.

August 4, 2014 Climate, Coal 

Xinhua: “Beijing will ban coal sales and use in its six main districts and other regions by the end of 2020 to cut air pollution, local authorities said on Monday.”
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“Rise of renewables adds to need for gas power”: FT.

August 3, 2014 Clean Energy, Gas 

FT: “Something odd is happening at Europe’s big energy companies. They have stopped complaining so much about renewable energy subsidies.”
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Solar firms to sue UK government over subsidy cuts once again.

August 3, 2014 Clean Energy 

Business Green: “Four of the UK’s leading solar companies are to sue the government over proposals to halt subsidies for large solar farms from early next year, sparking the third legal battle over solar policy in three years.”
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Blow to UK renewables as plan for Europe’s largest windfarm is scrapped.

July 31, 2014 Clean Energy 

FT: “Plans for Europe’s largest wind farm off the north Wales coast have been scrapped after Celtic Array, the joint venture between Centrica and Dong Energy of Denmark, said the project was “economically unviable”.”
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Renewables hit 15% UK market share in 2013 (Germany 28% in H1 2014).

July 31, 2014 Clean Energy 

Recharge: “Almost 15% of the UK’s electricity was generated by renewable sources in 2013 compared to 11.3% in the previous year – a new record for the country, government statistics released today show.”
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EU underplays financial benefits of a 40% 2030 target for energy efficiency.

July 31, 2014 Clean Energy, Climate 

Mark Lewis for Kepler Cheuvreux (no url): “The European Commission presented its 2030 Climate & Energy Package in January of this year, targeting a 40% reduction in EU greenhouse-gas (GHG) emissions by 2030 relative to 1990 levels (building on the 2020 target of a 20% reduction), and a 27% target for energy consumption from renewable sources by 2030 (building on the 2020 target of 20%).”
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BP on Rosneft risk: ‘We work in countries with ups and downs’.

July 31, 2014 Gas, Oil 

Guardian: “….This time, Dudley faces questions over the BP’s near-20% stake in Rosneft, the Kremlin-controlled oil group that has been dragged into the latest round of EU sanctions through restrictions on the export to Russia of hi-tech equipment for extracting fossil fuels.” Read more

EU: Poland is breaking law on assessing environmental impact of fracking.

July 30, 2014 Gas, Oil 

Guardian: “The European commission has begun legal proceedings against Poland for amending its national laws to allow shale drills at depths of up to 5,000 metres without first having assessed the potential environmental impacts, EurActiv has learned.”
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Germany drops proposed green pylon route amid strong opposition.

July 30, 2014 Clean Energy 

FT: “Germany’s plans for new network of electricity pylons to distribute green power around the country have suffered a setback after the government scrapped a proposed route in the face of intense local opposition.”
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EV sales double in EU with Renault and Volvo in lead.

July 30, 2014 Clean Energy 

Guardian: “New models helped sales of electric cars in the European Union double in 2013, but the zero-emission vehicles still only account for one in every 250 new cars sold.”
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White House: curb greenhouse gas emissions now or lose billions.

July 29, 2014 Climate, Coal, Gas, Oil 

Washington Post: “The White House issued a report Tuesday warning that the United States could face billions of dollars in added economic costs if it delays action to curb greenhouse gas emissions linked to climate change. According to the report, each decade of delay will make it 40 percent more expensive to eventually reach the identical global climate target.”
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Three European banks drawn into US ‘dark pool’ probes.

July 29, 2014 Finance 

FT: “UBS, Credit Suisse and Deutsche Bank have been drawn into a deepening probe of banks’ anonymous “dark pool” trading venues, with all three receiving subpoenas from authorities demanding details of their operations.”
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“Solar and energy storage are a match made in heaven.”

July 28, 2014 Clean Energy 

REW.com: “Solar and energy storage are a match made in heaven and a new report from the Solar Electric Power Association, “Electric Utilities, Energy Storage, Solar: Trends in Technologies, Applications and Costs,” takes a deep dive into the energy storage sector.”
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Carney to Lloyds re abuse of bank rescue: “reprehensible”, “criminal”.

July 28, 2014 Finance 

FT: “At the height of the financial crisis, two Lloyds Bank traders artificially inflated a key bank lending rate to cut fees to the Bank of England’s taxpayer-funded scheme put in place to support the fragile UK banking system.
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Nasdaq OMX Chief warns of “perverted’ dark pools.

July 28, 2014 Finance 

FT: “In his strongest statements on the need for overhauling the equity markets, Nasdaq OMX chief executive Bob Greifeld said on Monday that “dark pools” have become perverted, while a key regulation aimed at improving the markets by requiring investors to receive the best price has become meaningless.”
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“Shale gas speed-up likely to make slow progress”: FT.

July 28, 2014 Climate, Gas, Oil 

FT: “….industry participants and observers have questioned how much environmental and operational constraints attached to the licences, which aim to protect national parks and areas of outstanding natural beauty, will handicap Whitehall’s ambition to replicate the shale “revolution” in the US, where production has soared.”
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