IEA urges Opec to sustain oil production to meet unexpected demand.

February 13, 2014 Oil 

FT: “Opec will need to sustain production at its current level of almost 30m barrels a day if badly depleted oil inventories in the developed world are to be rebuilt, according to the International Energy Agency.”
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Coal India abandons share offer as investor scepticism grows.

February 12, 2014 Climate, Coal 

Huffington Post: “In October 2010, Coal India, then the world’s largest coal miner, was seen as one of the most valuable equity investments in the emerging economies.”
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If the oil price drops, “we become a cannibal society”: Venezuela today.

February 12, 2014 Oil 

Globe & Mail: “In the serene private clubs of Caracas, there is no milk, and the hiss of the cappuccino machine has fallen silent. In the slums, the lights go out every few days, or the water stops running.” Read more

SolarAid closes in on a million solar lantern sales.

February 11, 2014 Change for Good, Clean Energy, Commentaries 

SolarAid’s retail brand SunnyMoney nears 900,000 solar lanterns sales, should pass a million c. May. What I saw:
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Dire UK flooding due to global warming: Met Office.

February 10, 2014 Clean Energy :Climate change is likely to be a factor in the extreme weather that has hit much of the UK in recent months, the Met Office’s chief scientist has said.:
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“Why global water shortages pose threat of terror and war.”

February 9, 2014 Climate 

Guardian: “On 17 January, scientists downloaded fresh data from a pair of Nasa satellites and distributed the findings among the small group of researchers who track the world’s water reserves.”
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Davey to Ofgem: consider breaking up Big 6.

February 9, 2014 Coal, Gas, Nuclear 

FT: “The energy secretary Ed Davey has written to regulators criticising British Gas’s dominance of the energy market and suggesting it might have to be broken up.”
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IEA ED: we only ever said the Golden Age of Gas is potential.

February 7, 2014 Climate, Gas, Oil “In 2011, the IEA predicted what it called “the golden age of gas,” with gas production rising 50% over the next 25 years. What does this “golden age” mean for coal, oil and nuclear energy—and for renewables? What does it mean for humanity in terms of carbon emissions? Is the natural gas boom lessening the sense of urgency to work towards renewable energy solutions?”
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Renewables to replace fossil fuels? “Certain”, argues Jeremy Grantham.

February 6, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil 
Jeremy Grantham of GMO: “In an earlier report, “The Race of Our Lives1 I finished on the unusually optimistic point (for me) that a combination of declining fertility and eventual declining population combined with unexpectedly strong progress in renewable energy might just save our modern civilization from a slow and, no doubt, irregular descent into dystopia.”
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“The battle lines on climate become ever clearer.”

February 5, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil 

Jeremy Leggett column in Recharge magazine: “The year was only two days old when the US State Department made clear its intentions on climate change. Secretary of State John Kerry has been quietly pursuing “a systematic, top-down push to create an agency wide focus on global warming”, The New York Times reported.” Read more

“US shale under fire over thirst for water”: FT.

February 5, 2014 Climate, Gas, Oil 

FT: “Water shortages have put the US oil and gas industry on a “collision course” with other users because of the large volumes needed for hydraulic fracturing, a group of leading investors has warned.”
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Long-running Californian drought now threatens water supply.

February 3, 2014 Climate 

Guardian: “The California drought, now reaching into its 13th month, grows more devastating with each passing day and there is no sign of significant relief in sight.”
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Look beyond the feel-good headlines on oil supply.

February 2, 2014 Commentaries, Gas, Oil 

Daniel Davis & Jeremy Leggett in the Huffington Post: “Based on the optimistic headlines heralding a new age of oil plenty, most people in the United States believe their energy supply is as secure as it’s been in decades.”
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Big 6 must repay £400m they wrongly retain: Ofgem.

February 2, 2014 Coal, Gas, Oil 

Guardian: “The big six energy companies will be ordered by the energy regulator to hand back an estimated £400m held in closed customer accounts.”
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Landowners and environmentalists unite to fight KXL.

February 1, 2014 Oil 

Guardian: “With yet another obstacle removed for the Keystone XL pipeline, opponents of the project are pressing forward with a lawsuit, public protests and an effort to inject the issue into the November midterm elections.”
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State Department ruling makes KXL more likely.

January 31, 2014 Climate, Oil 

Guardian: “The State Department, in its final environmental review of the project, concluded that the pipeline, which would carry crude from the Alberta tar sands in Canada to refineries on the Texas Gulf coast, would not – on its own – have a “significant” effect on carbon pollution.”
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“Shell’s capitulation to activist investors will send shivers through Big Oil.”

January 31, 2014 Finance, Gas, Oil 

Nick Butler in the FT: “The package of announcements from Shell will send a shiver through the oil and gas industry. After years of resisting investor pressure for more immediate gratification, the company which more than any other regards itself as a social institution dedicated to the long term, has blinked. Capex is to be radically reduced.”
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Shell pulls out of Arctic drilling in 2014.

January 30, 2014 Gas, Oil 

FT: Royal Dutch Shell is to suspend its controversial drilling in Arctic waters off Alaska as part of a multibillion-dollar scaling back of spending on new projects under Ben van Beurden, chief executive.”
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China sets world record for annual national solar installation.

January 30, 2014 Clean Energy 

Guardian: “China installed a record 12GW of solar power in 2013, doubling its rate of solar installations, according to preliminary figures. This is more than has ever been installed by any country in a single year and means that China installed three times more solar energy in 2013 than the total UK solar capacity.”
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US spied on other governments at Copenhagen climate summit.

January 30, 2014 Climate 

Guardian: “Developing countries have reacted angrily to revelations that the United States spied on other governments at the Copenhagen climate summit in 2009.”
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