A chronological log of events in global energy, climate change and related issues. Key events from this chronicle are distilled in the serialised front-line eye-witness account, The Winning of the Carbon War
Pope calls for rich to pay their debts on climate, US bishops agree with him, US Republican candidates disagree with him, US shale industry faces mass bankruptcy in face of debt mountain: Week 24, 2015June 21, 2015
“The Shale Industry Could Be Swallowed By Its Own Debt”: Bloomberg. “The debt that fueled the U.S. shale boom now threatens to be its undoing.” Debt $235 bn Q1, up as revenue fell.
UK public split on fracking. Tories & UKIP pro, Labour, LibDems & Nats mostly against. March poll: 24% in favour of extracting shale gas, 26% against... read more...
G7 agrees historic accord on fossil-fuel phase out this century, BP talks of fossil-fuel watershed, huge increase in public perception that fossil-fuel investments are risky: Week 23, 2015June 14, 2015
Shale bust brings huge debt to drill towns. Williston owes $300 million. This comes on top of the crime wave that the boom spawned.
US conservative climate deniers launch pre-emptive attacks on the Pope. They fear mass conversion of currently climate-denier Catholics who have been core to political conservatism.
Climate-change... read more...
The Day of The Atmosphere: eyewitness account of the last night of the Kyoto Climate Summit. How will Paris compare?June 8, 2015
Chapter 11 of “The Carbon War”, by Jeremy Leggett (Penguin 2000)
Kyoto, Japan: November – December 1997
In the wooded hills fringing the ancient city, autumn was lingering to welcome the thousands attending the Kyoto Climate Summit. Temples centuries old vied for wintry sunlight in the roofscape as I looked across the city from my hotel to the wooded... read more...
Carbon Tracker says utilities are in coal ‘death spiral’, coal groups defiant, former Shell Chairman says fossil-fuel divestment is ‘rational’, IKEA pledges €1bn renewables investment by 2020: Week 22, 2015.June 7, 2015
Big hopes remain for Patagonian shale despite low oil price. The Vaca Muerta holds the 2nd largest reserves of shale gas in the world after China, and the 4th largest reserves of shale oil.
African nations chide rich nations for meanness, threatening Paris, in Bonn. “We in Africa are being asked to cut emissions. OK, we say, but help us. Give... read more...
Norway tells oil fund to quit coal, EU oil giants ask for direct climate negotiations with governments, ExxonMobil CEO cries “fake” and mocks renewables, gas bridge unlikely to work: Week 21, 2015May 31, 2015
Six oil and gas groups seek direct climate negotiations with governments. So ask BP, Shell, Total, Eni, Statoil and BG in a letter to the UNFCCC. ExxonMobil CEO says he refuses to “fake it.”
US rig count decline is effectively over. So Art Berman reports. The horizontal Bakken, Eagle Ford & Permian rigs fell by 2 this week, none last: normal fluctuation... read more...
Saudi sees fossil-fuel phaseout, GdF Suez rebrands and goes renewable, Merkel & Hollande pledge decarbonisation, Shell says carbon-bubble campaigners “ignore reality”: Week 21, 2015May 23, 2015
Oil production of oil majors down 21% 2004- 2014, while gas has risen 3% = oil-equivalent production down 12% after-oil.co.uk
Axa to divest from higher-risk coal funds and triple green technology investment. The insurance giant says it is motivated to sell €500m of assets by climate change.
University of Hawaii divests from fossil... read more...
Canada reneges on climate commitments, Shell heads for Arctic in desperation, Pope says environmental sinners will face God’s judgment, Statoil sets up renewables division: Week 20, 2015.May 17, 2015
Shell’s pursuit of ever riskier reserves is at odds with its own climate forecasts. So a Guardian investigation concludes. The company acts as though 4 degrees of warming is inevitable.
“Shell’s Arctic voyage marks beginning of peak oil era”: Telegraph. Andrew Critchlow sees the desperation as a sign that the world is running out of options on oil.
... read more...
Jeremy Leggett accepts 2015 Gothenburg Award on behalf of Solarcentury, SolarAid, SunnyMoney and Carbon Tracker teamsMay 12, 2015
Jeremy Leggett has won a Gothenburg Award for Sustainable Development. Previous winners include Al Gore, Paul Polman, and Kofi Annan. Commenting on the award win, Jeremy said, “It is actually the teams at Solarcentury, SolarAid, SunnyMoney and Carbon Tracker who have won this award – they just couldn’t get all the names on the voting paper! This is the truth that I carry in my heart.... read more...
5% of profits from this solar company have grown the biggest solar lighting retailer in Africa, reaching 10m people with 1.7m lights.May 11, 2015
Solarcentury, a VC-backed international downstream solar company, first donated profits to charity SolarAid in 2007. SolarAid then set up a wholly-owned social enterprise to sell solar lights, SunnyMoney, in 2012. Jeremy Leggett, founder of Solarcentury and SolarAid, believes this is a model in need of mass replication. He says: “Just think, if many companies gave 5% to fight climate-change... read more...
Monthly CO2 reaches 400ppm, $800m Tesla battery orders in Week 1, BoA says coal increasingly risky, fracking chemicals found in US drinking water: Week 19, 2015May 10, 2015
UK grid holds back renewables, industry says. Solar Trade Association points out much of the grid is closed to large renewables connnections.
South African factories struggle as power blackouts threaten economy. Africa’s most-industrialized economy hampered in recovery from slowest growth since a recession in 2009.
Toyota and... read more...