Polish PM threatens Ministers who might oppose shale gas exploration.

June 5, 2013 Gas 

Poland’s government is trying to keep the shake-gas dream alive after several US energy companies quit the country,t Those still there complaim about tax and environmental regulations. Read more

EC to impose solar duties of 11.8% on Chinese solar products from 6 June.

June 4, 2013 Clean Energy 

Solar Power Portal: “European trade commissioner, Karel de Gucht, has announced that the European Commission will impose solar duties on Chinese-manufactured solar products.” Read more

UK MoD study flags imminent peak “easy” oil, and $500 oil by 2040.

June 4, 2013 Climate, Oil 

Guardian: A little-known Ministry of Defence (MoD) report published earlier this year warns that converging global trends will dramatically affect UK economic prosperity through to 2040.” Read more

UK parliament votes against 2030 electricity decarbonisation target.

June 4, 2013 Clean Energy, Climate 

Guardian: “A bid to include a target to decarbonise the UK’s electricity generation by 2030 was narrowly defeated in the House of Commons on Tuesday afternoon, to the dismay of green campaigners and businesses that had backed the goal as a way of stimulating investment in renewables and low-carbon energy,” Read more

SolarAid wins £500k in Google Challenge.

Telegraph: SolarAid, Integrity Action and CDI Apps for Good, each won a £500,000 Global Impact Award, as well as mentoring from Google staff to deliver their projects.

Rio Tinto seeks to exit $3bn of Australian coal assets.

June 3, 2013 Climate, Coal, Finance 

WSJ: “Rio Tinto has put stakes in several Australian thermal-coal mines on the block in sales that could fetch around US$3 billion, people familiar with the matter said.” Read more

World is heading for another financial crisis: FT columnist John Kay.

June 2, 2013 Finance 

FT: John Kay warns in a forthcoming speech that the world is heading for another financial crisis because the economic system is geared around trading profits that create market bubbles that inevitably burst. Read more

BC rejects tar-sands pipeline to west coast.

June 1, 2013 Climate, Oil 

Guardian: “Efforts to expand production from the Alberta tar sands suffered a significant setback on Friday when the provincial government of British Columbia rejected a pipeline project because of environmental shortcomings.” Read more

“The beginning of the end for coal”: Bernstein Research.

June 1, 2013 Coal 

Bernsten Research report “Asian Coal & Power: Less, Less, Less… The Beginning of the End of Coal”, no url: “Decelerating power demand growth and structural weakness in other end markets, combined with more hydro, nuclear and renewables and more coal production and rail capacity in China, add up to the once unthinkable: zero net imports in 2015 and falling Chinese demand by 2016.” Read more

“This madness is easily fixable, in principle.” Thoughts on solar trade war.

May 31, 2013 Clean Energy, Climate, Commentaries 

Jeremy Leggett in Recharge: “Europe is on the verge of joining the US in a trade war with China over PV, one of the world’s fastest-growing industries. This job-rich pillar of the renewables family is heading for severe impairment, at best.”

“The sheer scale of the reserves within listed oil that might be unburnable.”

May 30, 2013 Coal, Commentaries, Finance, Gas, Oil 

Interviews at the launch of the second Carbon Tracker report on You-Tube: Paul Spedding, Oil and Gas Analyst at HSBC: What struck me was “the sheer scale of the reserves within listed oil that might be unburnable. Approaching 80% of their reserves may be unmonetisable.” Read more

Two thirds of $170 bn 2012 global natural disaster loss in US.

May 29, 2013 Climate 

Guardian: “A report from the environmental research organisation World Watch Institute on Wednesday provided further evidence of the costs of those extreme shifts – known as “weather whiplash”.” Read more

Shale boom likely to be temporary, says successful oil trader.

FT: ” The oil trader known by rivals as “God” predicts the US shale revolution will only “temporarily” boost production and oil prices will remain high, siding with Saudi Arabia and the Opec cartel in a debate gripping the energy market.” Read more

Big 6 urge government to back gas.

May 27, 2013 Gas 

FT: “The Big Six energy suppliers are pressing the government to support gas-fired power, warning that without it the UK  could face a shortfall in generating capacity.” Read more

Big energy companies held back UK gas supplies to increase price.

May 24, 2013 Gas 

Guardian: “Some of Britain’s biggest energy suppliers were holding back  gas in storage tanks at a time when the market ran into an acute shortage two months ago, triggering a doubling of wholesale prices.” Read more

UK Institute of Directors signs up for shale-gas nirvana: a new North Sea.

May 22, 2013 Gas 

Guardian: “Investments in shale gas drilling could yield an industry worth nearly £4bn a year to the UK economy and create more than 70,000 jobs, according to a new report from the Institute of Directors (IoD), becoming a “new North Sea” energy business in the process.” Read more

FTSE 100 close to its all-time high.

May 22, 2013 Finance 

Guardian: The FTSE 100 has come within striking distance of its all-time high as global stock markets continue to rise on a wave of investor optimism.

IMF warns UK that austerity won’t work.

May 22, 2013 Finance 

Guardian: “George Osborne was on Wednesday urged by the International Monetary Fund to rethink his plans for a £10bn tax-and-spending squeeze this year, as part of a broad based attack on the coalition’s economic policies.”

Solar = random desecration of the countryside: comedian.

Guardian: “The comedian Griff Rhys Jones has accused the government of “random desecration” of the countryside and despoiling “pristine landscapes” through its subsidies to wind turbines and solar power.” Read more

China announces rules for its first carbon trading exchange.

May 21, 2013 Clean Energy, Climate, Coal, Finance, Gas 

FT:  China’s releases operating details of its first pilot carbon-trading scheme, in Shenzhen, en route to to launching next month a scheme to roll out seven pilot schemes by 2014. Read more