“Are US LNG export terminals the next expensive flop in energy?”

March 10, 2014 Gas 

FT Lex column: “….Members of Congress are clamouring for faster approval of permits for terminals so US natural gas can reach across the globe. Yet the first US facility, built by Cheniere Energy, will not come online until 2015, having cost $10bn.”
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Shareholder pressure on corporations builds on climate.

March 9, 2014 Clean Energy, Climate, Finance 

Investor Center: “….The Proxy Preview for 2014 came out this week, providing a forecast of all the shareholder resolutions that could go to a vote in this busy season of annual meetings. Climate change has taken center stage.
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“Dozens” of new ozone-destroying chemicals found in atmosphere.

March 9, 2014 Climate 

Guardian: “Dozens of mysterious ozone-destroying chemicals may be undermining the recovery of the giant ozone hole over Antarctica, researchers have revealed.”
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Kashagan operators face huge fine for sour gas leak.

March 7, 2014 Gas, Oil 

FT: “The government of Kazakhstan will seek $737m in damages from the consortium of international companies developing the Kashagan Caspian Sea oilfield, in the latest blow to the $50bn megaproject.”
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“Carbon bubble poses serious threat to UK economy, MPs warn.”

March 6, 2014 Clean Energy, Climate, Coal, Gas, Oil 

Guardian: “Stock markets are inflating a “carbon bubble” by overvaluing companies that produce fossil fuels and greenhouse gases, and this poses a serious threat to the economy, an influential committee of UK MPs has warned.”
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“Production from shale is not a revolution; it’s a retirement party.”

March 5, 2014 Gas, Oil 

OilPrice.com interview with Art Berman: “There’s another side to the story of the relentless US shale boom, one that says that some of the numbers are misunderstood, while others are simply preposterous. The truth of the matter is that the industry has to make such a big deal out of shale because it’s all that’s left.”
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“Install solar heating or risk jail, Kenya tells builders.”

March 5, 2014 Clean Energy 

Thomson Reuters Foundation: “Kenyan contractors and property developers who fail to install solar water heating systems on buildings that use more than 100 litres of hot water a day risk jail terms and fines under new rules laid down by the country’s energy sector regulator.”
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“Brakes put on UK shale gas revolution”: FT.

March 5, 2014 Gas, Oil 

FT: “When the British Geological Survey doubled estimates for the shale gas reserves in the Bowland Basin, it raised expectations of a US-style shale gas revolution in the UK.”
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UN climate chief: given stakes, my job is “most sacred in world”.

March 5, 2014 Climate 

Guardian: “Devastating extreme weather including recent flooding in England,Australia‘s hottest year on record and the US being hit by a polar vortex have a “silver lining” of boosting climate change to the highest level of politics and reminding politicians that climate change is not a partisan issue, according to the UN’s climate chief.”
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Solar booms in the UK.

March 5, 2014 Clean Energy 
Recharge: “Last year, while Britain’s politicians and media were arguing over the merits of nuclear energy, offshore wind and fracking, large-scale PV quietly and methodically boomed.”
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Republicans: US shale exports can wean EU off Russian gas.

March 4, 2014 Gas, Oil 

FT: “The US should make it easier for Europeans to buy American natural gas in order to reduce its allies’ dependence on Russian energy, the top Republican in the House of Representatives has said.”
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BHP CEO warns on shale gas cost ….& fossil-fuel divestment.

March 4, 2014 Climate, Coal, Finance, Gas, Oil 

FT: “Relying on shale gas would be a “very expensive” solution to meeting the world’s growing demand for energy, the chief executive of BHP Billiton, the mining, oil and gas group, has said.”
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“This Is What the Utility Death Spiral Looks Like.”

March 4, 2014 Clean Energy, Coal, Gas, Nuclear 

Stephen Lacey in Greentech media: “The German mega-utility RWE provided another dismal reminder today of the painful transition European power companies are undergoing.”
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“Norway spurs rethink on fossil fuel companies”: FT.

March 4, 2014 Climate, Coal, Commentaries, Finance, Gas, Oil 

FT: “Norway’s decision to set up an expert group to see if its $840bn oil fund should stop investing in fossil fuel companies has triggered a wave of speculation since it was announced last week.”
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“If you think the financial crisis was bad, consider this.”

March 3, 2014 Clean Energy, Commentaries, Gas, Oil 

MeJudice & You-Tube: Short video interview with Jeremy Leggett on the coming energy crisis, as described in The Energy of Nations, and the potential for a road to renaissance. All in the context of recent woes at Shell and other oil and gas companies.

UK floods are changing the politics of climate, amid double standards.

March 3, 2014 Climate 

Andrew Simms, in the Guardian: “….years of ideologically driven policy on austerity was seemingly ditched when the prime minister, David Cameron, declared: “Money is no object in this relief effort. Whatever money is needed, we will spend it.” He went beyond his own environment secretary in linking the floods to climate change.”
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State Department is downplaying KXL impact: Carbon Tracker.

March 3, 2014 Climate, Oil 

Huffington Post: “The State Department’s final environmental impact analysis for the proposed Keystone XL pipeline downplays the significance the pipeline would have for development of the Canadian tar sands, according to a new analysis from a United Kingdom-based group.”
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BP: we agree all reserves probably can’t be burned.

March 1, 2014 Climate, Gas, Oil 

BP annual report extract: “We agree that burning all known reserves would probably cause global temperatures to rise by more than 2°C – and that addressing this issue will require the efforts of governments, industry and individuals.” Read more

Finnish nuclear plant delayed again as Areva & TVO go legal.

February 28, 2014 Nuclear 

Reuters: “TVO, Areva cannot give estimated completion date. Media cites sources that now delayed until at least 2018. Areva blasts influence of lawyers, Finnish regulation. TVO says Areva could do more to speed up work.”
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Norway’s oil fund to debate stopping all fossil-fuel investments.

February 28, 2014 Change for Good, Climate, Coal, Finance, Gas, Oil 

FT: “Norway is to debate whether the world’s largest sovereign wealth fund – funded by petroleum revenues – should stop investing in oil, gas and coal companies.”
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