“Systemic risk in energy markets is forcing us to a new narrative.”

The Architectural League of New York: “The Five Thousand Pound Life: The Energy Issue was a symposium on energy and architecture organized by The Architectural League and the Columbia University Graduate School of Architecture, Planning, and Preservation (GSAPP).”
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Accounts emerge of how the IPCC scientific assessment was watered down.

May 10, 2014 Climate 

Economist: “….The IPCC’s reports, published every six or seven years, are immense undertakings. Each depends on the unpaid work of hundreds of scientists and runs to thousands of pages. But most of the controversy is generated at the last minute, when the authors (scientists and academics) meet government officials to produce a summary of 30 or so pages. Consider the recent report, published in Berlin on April 13th, on efforts to rein in greenhouse-gas emissions.”
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Solar panels back on White House: US solar investment “set to explode”.

May 9, 2014 Clean Energy, Finance 

REW.com: “Today, President Obama announced at a Walmart in California that 300 leading U.S. companies have taken the “solar pledge,” committing to install nearly 1 gigawatt (GW) of new solar as part of their business plans.” Read more

“Oil groups warned over spending on high-cost areas”: FT.

May 8, 2014 Climate, Oil 

FT: “Oil companies with reserves in high-cost areas such as Canadian tar sands or deep water are at risk of committing too much capital to uneconomic projects, according to an environmental campaign group that works with investors to highlight the risks of climate change.”
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India admits Delhi matches Beijing in air pollution threat to public health.

May 8, 2014 Climate, Coal, Oil 

Guardian: “India’s state air monitoring centre has admitted that pollution in Delhi is comparable to that of Beijing, but disputed a World Health Organisation(WHO) finding that the Indian capital had the dirtiest atmosphere in the world.”
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US gas prices are rising, and hence so is coal burning.

May 8, 2014 Coal, Gas 

RTCC: “US gas prices have risen to a level which is driving a “significant” return to burning coal, Bank of America Merrill Lynch (BofAML) Global Research said in a market report published on Tuesday.”
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US energy investment favours natural gas drillers.

May 8, 2014 Climate, Finance, Gas 

Bloomberg: “Energy accounted for almost two-thirds of the $8 billion of inflows into sector-based exchange-traded funds this year, according to data compiled by Bloomberg. In the absence of federal mandates for renewables such as wind and solar, much of that money is going into funds that invest in natural gas drillers.”
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Stanford drops coal investments, boosting student divestment campaign.

May 7, 2014 Clean Energy, Climate, Coal 

Bloomberg: “Stanford’s decision to stop investing in coal companies may help bolster the hundreds of student-led campaigns that have spread across college campuses in the past two years aimed at stopping climate change.”
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US Attorney General: “no company is too big to jail”.

May 6, 2014 Finance 

FT: “US attorney-general Eric Holder said publicly on Monday that no company was “too big to jail” as prosecutors moved closer to bringing criminal charges against two European banks.”
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Huge opposition to change in UK trespass law for fracking under homes.

May 6, 2014 Gas, Oil 

PA: “The government faces widespread opposition to plans to change trespass laws to allow shale gas companies to drill under homes without the owner’s permission, a poll has revealed.”
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Kashagan consortium: delays mean longer contracts or missed targets.

May 5, 2014 Oil 

FT: “The oil companies behind the $50bn Kashagan oil project in the Caspian Sea will not be able to raise production to a million or more barrels a day as planned unless they can extend the life of the contract, a person familiar with the project said.” Read more

Nigerian oil theft “on industrial scale”: production target “unachievable”.

May 4, 2014 Oil 

FT: “Nigeria is facing its worst oil crisis in five years, with output dropping below the key 2m barrels a day mark for six consecutive months, significantly below historic levels.”
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US National Climate Assessment: here, clear, and present danger.

May 4, 2014 Climate 

Guardian: “Climate change has moved from distant threat to present-day danger and no American will be left unscathed, according to a landmark report due to be unveiled on Tuesday.”
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400,000 EVs now on the roads, with sales accelerating even in UK.

May 3, 2014 Clean Energy, Oil 

Guardian: “….Figures from the Society of Motor Manufacturers and Traders show that, while there was just a handful of electric cars on the road three years ago, there are now nearly 10,000, with 1,200 electric vehicles sold in March, compared with 270 in the same month last year.” Read more

A UK Geological Society reviewer on fossil fuels as potentially toxic assets.

Colin Summerhayes for The Geological Society: Fossil fuels ”are potential toxic assets rather like the bundles of dud mortgages recently packaged by the banks and traded as valuable until some infant somewhere realised that the emperor had no clothes.” Read more

American Electric Power launches legal attack on EPA re carbon emissions.

May 2, 2014 Climate, Coal, Gas 

Guardian: “The central pillar of Barack Obama’s climate change agenda has come under a new line of co-ordinated attack from influential lobbying networks involving Republican politicians and big business.”
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Greenpeace tries to stop unloading of first Arctic oil in Europe.

May 1, 2014 Climate, Oil 

Guardian: “The very different reactions of European countries to Greenpeace protests was seen on Thursday when 10 Dutch armed anti-terror police boarded the environment group’s flagship outside Rotterdam port and arrested 44 activists trying to stop a Russian tanker from unloading its shipment of Arctic oil.”
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Pro-tar sands Senators bid to take pipeline decision out of Obama’s hands.

May 1, 2014 Climate, Oil 

Guardian: “Barack Obama faced a new challenge on the controversial Keystone XL pipeline on Thursday when Democrats and Republicans in the Senate introduced a bill taking the decision out of his hands.
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Cleantech sector gaining steam – despite regulatory and other setbacks.

May 1, 2014 Clean Energy 

Sara Hastings-Simon, Dickon Pinner, and Martin Stuchtey of McKinsey: ”….Is cleantech failing? In a word, no. Rather, the sector has experienced a cycle of excitement followed by high (and often inflated) expectations, disillusionment, consolidation, and then stability as survivors pick up the pieces.” Read more

Harvard students seeking carbon-fuel divestment blockade uni offices.

May 1, 2014 Climate, Coal, Finance, Gas, Oil 

FT: “Students at Harvard University blockaded its administrative offices in support of their campaign to persuade the institution to sell the investments in fossil fuel companies held by its $33bn endowment.”
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