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

US government approves second LNG export facility.

May 17, 2013 Gas 

FT: The Obama administration approves exports of liquefied natural gas and international companies commit billions for new infrastructure. “The developments were both consequences of the shale revolution in the US.” Read more

“The concept of a carbon bubble has gone mainstream”: WSJ.

May 16, 2013 Climate, Coal 

WSJ: “You’re familiar with the dot com bubble and U.S. housing bubble. ….But have you heard of the carbon bubble? The Carbon Tracker Initiative, a London based group, first raised the specter of a bubble in 2011.” Read more

First carbon bubble resolution wins strong support at Consol Energy AGM.

May 16, 2013 Change for Good, Coal, Finance, Gas “Twenty percent of shareowners support an As You Sow request that the company report on the financial risks associated with having to leave most of its coal reserves in the ground.” Read more

SolarAid wins a Guardian Sustainable Business Award.

May 16, 2013 Change for Good, Clean Energy 

Lucy Thorpe, in the Guardian:  “So how did SolarAid create so much demand that sales for solar lights in Tanzania grew by 720% in 2012?” Read more

Majority of investors now interested in fossil-fuel-free portfolios.

May 16, 2013 Change for Good, Climate, Coal, Finance, Gas, Oil “Over half of sustainable, responsible, impact (SRI) investment industry professionals say that retail investors (65 percent) and institutional investors (53 percent) are currently expressing interest in fossil fuel-free portfolios in the face of growing signs of climate change, according to First Affirmative Financial Network’s Fossil Fuels Divestment Survey.”
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US fracking rules met with anger by environmentalists.

May 16, 2013 Gas, Oil 

FT: The US Department of the Interior publishes regulations for fracking – only applying to federal land – that provoke anger from environmentalists. Read more

“The IEA says peak oil is dead – that’s bad news for climate-policy.”

May 15, 2013 Climate 

Time Science: “There was an upside to peak oil. Crude oil was responsible for a significant chunk of global carbon emissions, second only to coal. Only the shock of being severed from the main fuel of modernity would be enough to make us get serious about tackling climate change and shifting to an economy powered by renewable energy and efficiency.” Read more

UK shale gas drillers confirm they will flare methane.

May 9, 2013 Climate, Gas 

Guardian: “The two companies exploring for shale gas in the UK have confirmed that they intend to flare methane gas from their wells in a move that has been condemned by environmentalists.” Read more

European Commission recommends tariffs up to 67% on Chinese solar.

May 9, 2013 Clean Energy 

REW: “ Wall Street Journal reports that the tariffs will affect more than 100 companies, and be implemented at a range from 37.3 to 67.9 percent at an average of 47.6 percent, close to projections earlier this week.” Read more

Shell presses ahead with world’s deepest offshore oil well.

May 8, 2013 Oil 

Guardian: “Shell is pressing ahead with the world’s deepest offshore oil and gas production facility by drilling almost two miles underwater in the politically sensitive Gulf of Mexico.” Read more

Oxford alumni condemn choice of Shell to fund earth sciences lab.

Guardian: “Jeremy Leggett among 100 signatories to letter opposing oil firm’s likely influence over university’s climate change studies.” Read more

“Call a truce in the no-winners solar war.”

Jeremy Leggett in the FT: Europe is on the brink of a trade war with China in one of the fastest-growing global industries. America and China are already engaged in battle. The job-rich and emissions-low solar photovoltaics industry is heading for severe impairment, at best.” Read more

EDF CEO ready to quit if he can’t get his way with Hinkley Point reactor..

May 6, 2013 Nuclear 

Times: “The chief executive of EDF Energy will leave Britain if the French company’s £14 billion Hinkley Point reactor project collapses.” Read more

EU trade commissioner favours 40% tariffs on Chinese solar panel imports.

May 5, 2013 Clean Energy 

FT: “Europe’s trade chief is pushing to impose provisional duties of about 40 per cent on Chinese solar panels in a move that risks stirring wider trade tensions with Beijing and dividing the EU industry.” Read more

“Neither public policies nor markets reflect the risks of a warmer world”.

May 4, 2013 Climate, Coal, Finance, Gas, Oil 

Economist: “Markets can misprice risk, as investors in subprime mortgages discovered in 2008. Several recent reports suggest that markets are now overlooking the risk of “unburnable carbon”.” Read more

Bet on Obama backing the Keystone XL pipeline: John Dizard.

May 3, 2013 Climate, Oil 

In the FT: “Many, if not most, of the headline-dominating Washington political fights are less significant than they appear to be. ….However, the fight between TransCanada, the sponsor of the proposed Keystone XL oil pipeline from the Alberta tar sands to the US Gulf coast, and the North American environmental movement is a lot of noise about a very important matter.”  Read more

The vital role of foundations in the retreat from fossil fuels.

Alliance magazine: “On 18 April Carbon Tracker, a UK-based foundation-led initiative, released its second report, Unburnable Carbon: Avoiding wasted capital and stranded assets. We need a managed, rapid and complete retreat from the use of fossil fuels if disastrous global warming is to be avoided, Jeremy Leggett, chair of Carbon Tracker, tells Caroline Hartnell.” Read more

Energy storage one of 12 technologies to disrupt the status-quo: McKinsey.

May 1, 2013 Change for Good, Clean Energy 

McKinsey Global Institute: “Not every emerging technology will alter the business or social landscape—but some truly do have the potential to disrupt the status quo, alter the way people live and work, and rearrange value pools.” Read more