SEIA appeals for negotiated solution to the US-China solar trade war.

January 22, 2014 Clean Energy “The ongoing U.S.-China solar PV trade war continues this week, with China finalizing its tariffs and duties against U.S. polysilicon suppliers, after SolarWorld launched another volley to further tighten tariff definitions against China.”  Read more

World’s largest solar bridge opens in London.

January 22, 2014 Clean Energy 

Business Green: “After nearly five years in the making, Network Rail has today cut the ribbon on the world’s largest solar-powered bridge at Blackfriars Bridge across the River Thames.”
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EU to cut carbon emissions by 40% by 2030.

January 22, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Guardian: “Europe will cut its greenhouse gas emissions by 40% by 2030, compared with 1990 levels, the toughest climate change target of any region in the world, and will produce 27% of its energy from renewable sources by the same date.”
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“E.ON runs down power stations despite blackout warning.”

January 22, 2014 Coal, Gas, Nuclear 

Guardian: “E.ON is to shut one gas-fired power station and expects to reduce output at three others despite continued warnings from the National Grid and others that Britain faces a capacity crunch and potential blackouts.”
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Storebrand excludes another 10 coal companies.

January 21, 2014 Climate, Coal, Finance 

Storebrand: “Continuing its sector-by-sector approach to reducing exposure to fossil fuels and CO2 emissions, Storebrand further reduces investments in coal by excluding ten companies.”
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Concentrated cash pile puts recovery in hands of just a few corporations.

January 21, 2014 Finance 

FT: “The pile of unspent corporate cash that has built up since the start of the financial crisis is being held by an increasingly concentrated pool of companies that will be crucial to hopes of a pick-up in business investment to stimulate the world economy.”
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2013 was 4th warmest year ever: 9 of 10 since 2000.

January 21, 2014 Climate 

Guardian: “Last year was tied for the fourth-warmest year on record around the world. The National Oceanic and Atmospheric Administration on Tuesday released its global temperature figures for 2013. The average world temperature was 58.12F (14.52C) tying with 2003 for the fourth-warmest since 1880.”
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Plans for a European solar PV super-fab.

January 21, 2014 Clean Energy “Reports came out this week that Germany, France, Switzerland, and possibly other European nations are mulling a plan to pool efforts and establish a combined massive-scale solar cell manufacturing operation, inspired by the aerospace consortium Airbus.” Read more

“The US shale boom is overhyped.” And China is watching?

January 20, 2014 Clean Energy, Climate, Commentaries, Gas, Oil 

Jeremy Leggett on China Dialogue: “A growing number of analysts familiar with the detailed state of the global oil and gas industry fear that the almost universally positive narrative about hydrocarbon supply from shale is deeply flawed, and that in fact a global oil crisis might be imminent.” Read more

al-Husseini: Global oil supply plateau unlikely to extend beyond 2020.

January 20, 2014 Oil 

ASPO USA: Sadad al-Husseini interviewed by Steve Andrews: “Since the autumn of 2011, a storyline of “oil revolution” and oil abundance–even “North American energy independence”—has taken the US media by storm.  ….What is your perspective on that storyline?  Should we be bracing for the notion of energy independence in the USA or do you feel the future will diverge from that optimistic scenario?”
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‘Peak demand’ oil theory fails scrutiny test.

January 20, 2014 Oil 

Mark Lewis in the FT: “Oil market commentators increasingly dismiss the very idea of supply-side constraints on the oil market, pointing to the recent surge in light-tight oil production from US shale deposits and the existence of vast shale formations elsewhere in the world.” Read more

Financial crises average once every 7 years: one due therefore?

January 20, 2014 Finance 

Guardian: “Financial crises come round every seven years on average. There was the stock market crash of 1987, the emerging market meltdown in the mid-1990s, the popping of the dotcom bubble in 2001 and the collapse of Lehman Brothers in 2008. If history is any guide, the next crisis should be coming along some time soon.”
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85 richest people in the world are as wealthy as poorest half.

January 20, 2014 Finance 

Guardian: “The…. richest 85 people on the globe – who between them control as much wealth as the poorest half of the global population put together – could squeeze onto a single double-decker.” Read more

UK’s Green Deal fails to create desired energy efficiency revolution.

January 18, 2014 Clean Energy 

Guardian: “It would be, the climate minister said, the “biggest home improvement programme since the second world war” and “a massive economic and job opportunity”. But the Green Deal, launched in January last year as the government’s main way of encouraging householders to make their homes more energy efficient, has been more of a whimper than the “transformational” scheme that Greg Barker promised.”
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Shell profit warning wipes 6.5 billion pounds off of UK’s FTSE.

January 17, 2014 Gas, Oil 

Reuters: “Britain’s top share index underperformed major regional peers on Friday, knocked back by a dramatic fall in Shell, its most heavily weighted stock, after the oil major delivered a profit warning.” Read more

“Shell, bruised by big bets, warns of profit miss.”

January 17, 2014 Gas, Oil 

WSJ: “Ben van Beurden toiled in Royal Dutch Shell PLC’s chemical-making unit for years, supporting an unpopular idea at the oil and gas company. He said Shell should be wary of “elephant projects” that cost billions of dollars and dominated the company’s growth strategy. The steep costs of oil and gas development from Canada to Kazakhstan, sometimes with little to show for the giant investments, came back to haunt Shell on Friday when it announced its first profit warning in 10 years” Read more

Low-carbon scenario could cut coal asset value by 44%: HSBC.

January 17, 2014 Climate, Coal, Finance 
HSBC (no url): “Public focus on carbon risks to long- term coal demand is growing. We update our scenario analysis of the risks facing UK mining stocks. A low-carbon scenario could cut valuations of coal assets by 44% and the UK miners by 2-13%.”
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UN climate report urges quicker switch to low-carbon global economy.

January 17, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Guardian: “Delaying action on global warming will only increase the costs and reduce the options for dealing with its worst effects, according to a draft report by UN experts.”
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US Army colonel: “world is sleepwalking to a global energy crisis.”

January 17, 2014 Commentaries, Gas, Oil 

Guardian: “A conference sponsored by a US military official convened experts in Washington DC and London warning that continued dependence on fossil fuels puts the world at risk of an unprecedented energy crunch that could inflame financial crisis and exacerbate dangerous climate change.”
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IEA boss: methane hydrates may be the next energy boom.

January 17, 2014 Gas 

FT: “Forget the shale gas revolution that has transformed North America’s energy landscape. The energy of the future could lie buried deep underneath the world’s oceans and the Arctic permafrost: giant reservoirs of gas trapped in ice crystals.”
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