Obama unveils historic rules to reduce coal pollution by 30%.

June 2, 2014 Clean Energy, Climate, Coal, Gas 

Guardian: “The Obama administration unveiled historic environment rules cutting carbon pollution from power plants by 30% on Monday, spurring prospects for a global deal to end climate change but setting up an epic battle over the environment in this year’s mid-term elections.”
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Big energy pushback in Germany posing increasing danger to renewables.

June 2, 2014 Clean Energy 

REW.com: “There’s bad news in the pipeline for Germany’s small-scale producers of renewable energy, the backbone of the country’s heralded Energiewende, or clean-energy transition.”
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World energy supply requires $40 trillion investment by 2035: IEA.

June 2, 2014 Clean Energy, Coal, Finance, Gas, Nuclear, Oil 

REW.com: “Meeting the world’s energy supply needs by 2035 will require $40 trillion of investment, as demand grows and production and processing facilities have to be replaced, the International Energy Agency said.” ie $2 trillion each year on average.
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Shale rush in Argentina as oil majors spend billions on fracking.

May 30, 2014 Climate, Gas, Oil 

desmogblog: “While many countries, including France, Germany and South Africa, have banned or delayed their embrace of fracking, one country is taking a full-steam-ahead approach to the unconventional drilling technology: Argentina.”
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US-China trade dispute slows the solar success story.

May 30, 2014 Clean Energy 

REWworld.com: “Next week, the International Trade Commission (ITC) plans to announce its initial decision regarding the expansion of the trade restrictions on imported Chinese, Taiwanese and other solar cells and modules in response to a complaint filed by SolarWorld earlier this year.”
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Top bosses quit Centrica, “tiring of their status as punchbags”.

May 29, 2014 Clean Energy, Climate, Coal, Gas, Nuclear 

FT: “The steady stream of departing executives at Centrica is rapidly turning into a flood, as top bosses tire of their status as Britain’s biggest political punchbags.”
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Chevron backs off renewables to free cash for more oil and gas.

May 29, 2014 Gas, Oil 

Bloomberg: “For the past eight years, Chevron has promoted “profitable renewable energy” as a core component of its business plan. The company’s slogan, “Finding newer, cleaner ways to power the world,” is splashed across its website. And ads launchedin 2010 as part of Chevron’s “We Agree” campaign declare, “It’s time oil companies get behind the development of renewable energy.” Yet Chevron recently has retreated from key efforts to produce clean energy.”
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Total drops $11bn tar sands project, citing cost pressure.

May 29, 2014 Oil 

Globe & Mail: “The Joslyn oil sands mine has been shelved indefinitely, a result of rising industry costs that made the $11-billion project financially untenable.”
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New US climate regulations aim to cut emissions 25% from power plants.

May 29, 2014 Climate, Coal, Gas 

Guardian: “President Barack Obama will unveil a plan on Monday that will cut carbon pollution from power plants and promote cap-and-trade, undertaking the most significant action on climate change in American history.”
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BP faces “staggering” compensation costs for Macondo oil spill.

May 29, 2014 Oil 

FT: “BP has asked the US Supreme Court to step in after federal courts in New Orleans lifted an injunction blocking the payment of business claims for economic losses under the settlement that the UK company agreed for victims of the oil spill in 2012.”
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Gas sucks investment from renewable energy in North America.

May 29, 2014 Clean Energy, Finance, Gas 

Bloomberg: “U.S. President Barack Obama says natural gas can be a bridge from coal to a cleaner energy future. Investors are showing it’s more likely a bridge to nowhere.”
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BoE: Capitalism risks self destruction unless banking ethics change.

May 28, 2014 Finance 

Guardian: “Capitalism is at risk of destroying itself unless bankers realise they have an obligation to create a fairer society, the Bank of England governor has warned.”
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Barclays “throws gasoline” on “battle between utilities and solar industry.”

May 28, 2014 Clean Energy, Coal, Finance, Gas, Nuclear 

Elias Hickley on EnergyTrendsInsider: “This week Barclays downgraded the high-grade bond market for the entire electric utility sector because “we believe that a confluence of declining cost trends in distributed solar photovoltaic (PV) power generation and residential-scale power storage is likely to disrupt the status quo.”  While this is not the first statement about vulnerability of electric utilities to competition from new technology it is the most important to date.”
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New EU energy strategy emphasises gas, stints renewables & efficiency.

May 28, 2014 Clean Energy, Gas 

Guardian: “Europe will need to tap more diverse sources of gas and develop more supplies of controversial shale gas within the continent, amid concerns over the Ukraine crisis, according to a new energy security strategy unveiled by the European commission on Wednesday.”
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Solar costs will match coal by 2016 in China, Suntech says.

May 27, 2014 Clean Energy, Coal 

REneweconomy: “Suntech Power predicts that the cost of building large scale solar PV plants could match the cost of coal-fired generation in China by 2016, a development that will “completely transform” the energy market in the world’s second biggest economy.”
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“Shakeout threatens shale patch as frackers go for broke.”

May 27, 2014 Gas, Oil 

Bloomberg: “The U.S. shale patch is facing a shakeout as drillers struggle to keep pace with the relentless spending needed to get oil and gas out of the ground. Shale debt has almost doubled over the last four years while revenue has gained just 5.6 percent, according to a Bloomberg News analysis of 61 shale drillers.”
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China’s nuclear power plans vulnerable to domestic public protest.

May 26, 2014 Nuclear 

FT: “China’s nuclear industry has in recent years ventured overseas for new opportunities but it is now facing challenges at home gaining public acceptance of its $150bn expansion plans.”
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BP signs shale deal with Russia’s Rosneft.

May 25, 2014 Gas, Oil 

FT: BP confirmed its commitment to Russia after signing a shale oil deal with state-owned oil company Rosneft, despite US government-led sanctions against Moscow and the company’s chief executive.”
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IEA says Opec oil supply could fall short of meeting global demand.

May 25, 2014 Oil 

FT: Opec “will need to increase production significantly in the second half of the year in order to meet world demand, according to the west’s energy watchdog.”
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No shale gas in UK’s Weald basin, & little recoverable oil, survey concludes.

May 23, 2014 Gas, Oil 

Guardian: “Government hopes that Britain can emulate the US by starting a shale-gas revolution have been knocked back after a long-awaited report unexpectedly concluded there was no potential in fracking for gas in the Weald region of southern England.”
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