Assessing UK shale will take 5 years and 20-40 fracked wells.

January 30, 2014 Gas, Oil 

Guardian: “It will take five years and the drilling of 20 to 40 fracking wells to judge whether the UK has a viable shale gas industry, the chairman of the only company yet to have used modern hydraulic fracturing techniques here has told the Guardian.”
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17 foundations divest from fossil fuels.

NYT: “Seventeen foundations controlling nearly $1.8 billion in investments have united to commit to pulling their money out of companies that do business in fossil fuels, the group announced on Thursday.”
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“Oil profits slump as higher spending fails to lift output.”

January 29, 2014 Oil 

Bloomberg: “Investors are shunning the world’s biggest oil companies as drilling costs surge, major projects are delayed and energy prices stagnate.”
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Public support for fracking in Britain falls for a second time.

January 28, 2014 Clean Energy, Gas, Oil 

Guardian: “David Cameron is losing the battle for public opinion over fracking for shale gas because of high-profile public protests against the controversial technique, polling suggests.”
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Norway’s sovereign fund halves coal exposure.

January 28, 2014 Climate, Coal, Finance 

Reuters: “Norway’s $817 billion sovereign wealth fund, the world’s largest, has halved its exposure to coal producers, with most of its remaining interest in the sector in Chinese companies, its chief executive said on Tuesday.”
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Big oil companies struggle to justify soaring project costs.

WSJ: “Chevron Corp., Exxon Mobil Corp. and Royal Dutch Shell PLC spent more than $120 billion in 2013 to boost their oil and gas output—about the same cost in today’s dollars as putting a man on the moon. But the three oil giants have little to show for all their big spending.”
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US solar jobs growing 10x > national average employment growth.

January 27, 2014 Change for Good, Clean Energy “….In total there were 142,698 solar workers in the U.S. as of November 2013. A solar worker is defined as someone who devotes at least 50 percent of his or her work to solar-related activities.  This is a 20 percent increase over 2012 figures and ten times higher than the national average employment growth rate, which was 1.9 percent.”
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Renewables provide 37% of all new 2013 US generating capacity.

January 27, 2014 Clean Energy, Gas “According to the latest “Energy Infrastructure Update” report from the Federal Energy Regulatory Commission’s Office of Energy Projects, renewable energy sources (i.e., biomass, geothermal, hydropower, solar, wind) accounted for 37.16 percent of all new domestic electrical generating capacity installed during calendar-year 2013 for a total of 5,279 MW.”
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Chinese Trust Fund just avoids default after coal loans to bankrupt miner.

January 27, 2014 Coal, Finance 

FT: “A Chinese fund company has avoided a high-profile default, reaching a last-minute agreement to repay investors in a soured $500m high-yield investment trust, in a case that had sent tremors through global markets.”
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True greens should embrace fracking, says minister.

January 27, 2014 Climate, Gas, Oil 

Guardian:  ”True greens should embrace fracking for shale gas in order to combat climate change, the energy minister has said. Greg Barker said ideological convictions rather than sound science motivated anti-fracking campaigners, and urged an expansion of fracking in the UK.”
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Cuadrilla cannot frack until it solves radioactive-water disposal problem.

January 27, 2014 Gas, Oil 

BBC News: “Energy company Cuadrilla has withdrawn applications for permits to frack in Lancashire after issues with radioactive waste. Fracking produces large volumes of water contaminated with low level naturally-occurring radiation.”
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New UK shale delays over radioactive waste water release.

January 27, 2014 Gas, Oil “Energy company Cuadrilla has withdrawn applications for permits to frack in Lancashire after issues with radioactive waste. Fracking produces large volumes of water contaminated with low level naturally-occurring radiation.”
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Boeing talks of “biggest breakthrough in biofuels ever”

January 27, 2014 Clean Energy, Oil 

Energy Post: “Oil companies watch out. Biofuels are on the verge of a breakthrough that will transform the oil market. Not only that: it will also green the planet.”
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Fracking firms ‘should pay £6bn pa tax to compensate for climate change’.

January 26, 2014 Climate, Gas 

Guardian: “Shale frackers operating in Britain should be paying £6bn a year in taxes by the middle of the 2020s to compensate for the damage wreaked on the environment, according to a study from Cambridge University.”
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Carbon-bubble risk gains further recognition at Davos.

January 25, 2014 Climate, Coal, Commentaries, Finance, Gas, Oil 

Guardian: Jeremy Leggett interviewed by Jo Confino in a series of audio reports summarising the Climate Day at the World Economic Forum.

Davos delegates warned of imminent energy crisis.

January 24, 2014 Clean Energy, Climate, Commentaries, Finance, Gas, Oil 

RTCC: “A British businessman will tell world leaders meeting in Switzerland today that it is dangerous to argue that fracking for shale oil and gas can help to avert a global energy crisis.:
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Cameron: UK can woo businesses back to UK with ‘cheap’ shale gas.

January 24, 2014 Climate, Gas, Oil 

Business Green: “David Cameron is expected to use the promise of cheap shale gas to lure big manufacturers to the UK, despite his own ministers and advisors suggesting the controversial energy source will not lower bills in Europe.”
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Shale gas extraction in UK likely to increase carbon emissions.

January 24, 2014 Change for Good 

Guardian: “David Cameron has lauded the economic benefits that he says shale gas promises for Europe and claimed that it has environmental benefits too. He said in Davos: “Governments need to reassure people that nothing would go ahead if there were environmental dangers. But if this is done properly, shale gas can actually have lower emissions than imported gas.” Is that true?”
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Gore tells WEF world is close to “political tipping point” on climate.

January 24, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil 

RTCC: “The levels of public and political agreement that climate change needs to be addressed are higher than ever before, Al Gore told delegates at the World Economic Forum in Davos.”
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EU’s renewable energy plan is a ‘lame-duck’ ‘setback’, industry says.

January 23, 2014 Clean Energy, Climate, Commentaries 

Bloomberg: “Wind and solar power producers said they’re at risk of losing investment after the European Union’s executive arm scrapped proposals for a mandatory target on renewable energy use in 2030.”
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