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

Saudi minister: we do not plan to lift production before 2040.

April 30, 2013 Clean Energy, Nuclear, Oil 

FT: The Kingdom does not need to lift production in the next 30 years, given US shale and resurgent Iraqi output, says Ali Naimi, the country’s oil minister. Read more

Three years on from Deepwater Horizon, BP faces 2,200 lawsuits.

April 30, 2013 Oil 

FT: Individuals, companies and government entities are scrambling to meet a three-year deadline for spill-related claims against the energy group. Read more

FERC Chairman: Solar roofs help a US grid vulnerable to terrorist attack.

April 30, 2013 Clean Energy 

Bloomberg: “The U.S. power grid is vulnerable to terrorist attacks, and the growing use of rooftop solar panels will provide protection against lengthy blackouts, the chairman of the U.S. Federal Energy Regulatory Commission said.” Read more

“A crisis in UK energy policy looks inevitable”: Liberium Capital report.

April 30, 2013 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil 

Liberium Capital report: “When the crisis hits there will be three possible casualties, the government of the day, the consumer, and the investors who have funded the government’s radical energy policy.” Read more

UK uncertain how to deal with its 100 tonnes of Plutonium.

April 29, 2013 Nuclear 

FT: “The UK is home to the world’s largest stockpile of plutonium, with more than 100 tonnes of the highly radioactive material. The Nuclear Decommissioning Authority, whose job it is to look after the plutonium, is preparing to give its recommendation on how the government should deal with the problem, with an announcement expected as early as next month.” Read more

US crude oil exports rise sharply.

April 29, 2013 Oil 

FT: “US crude oil exports are flowing at the fastest rate in more than a decade in the latest sign of how the shale revolution is redrawing the world energy map.” Read more

Mosaic rolls out its third solar crowdfunding offer.

April 29, 2013 Change for Good, Clean Energy, Finance 

REW: “Barely three years old, the company has attracted over 1,200 investors to finance solar power generation projects, with contributions ranging from $25 to $10,000.” Read more

US solar company & Taiwanese manufacturer partner in Mexico.

April 29, 2013 Clean Energy 

REW: “SunEdison, one of the companies that sparked the third-party ownership revolution with businesses — allowing them to install solar with little to no up-front costs — announced on April 23 that it partnered with Foxconn Technology to produce photovoltaics (PV) in Juarez, Mexico.” Read more

Top official working on EMR resigns as analyst warns HMG off gas reliance.

April 29, 2013 Clean Energy, Coal, Gas, Nuclear 

Guardian: “The government’s controversial electricity market reform (EMR) programme has been dealt a serious blow with the resignation of the top civil servant working on the scheme.” Read more

Scant evidence that US gas will stop growing oil demand: FT Alphaville.

April 29, 2013 Coal, Gas, Oil 

Kate MacKenzie in the FT:  “We’ve been reading a lot lately about the potential for cheap natural gas to replace oil-derived transport fuels in the US — and perhaps globally. Much of this excitement overlooks some fundamentals of energy and commodities in general and the US natural gas sector in particular.” Read more

Atmospheric CO2 concentration very near 400 ppm.

April 29, 2013 Climate 

Guardian: “The concentration of carbon dioxide in the atmosphere has reached 399.72 parts per million (ppm) and is likely to pass the symbolically important 400ppm level for the first time in the next few days.” Read more

BGS told by Treasury to redo disappointing report on shale resources.

April 28, 2013 Gas 

FT: “George Osborne had wanted to herald in the budget the dramatic findings of a British Geological Survey report – that the extent of shale gas reserves in the UK has been vastly underestimated – as part of a sweeping pro-shale announcement, according to Whitehall sources.” Read more

Australian coal asset value could implode: Carbon Tracker.

April 28, 2013 Climate, Coal 

Guardian: “Australia’s huge coal industry is a speculative bubble ripe for financial implosion if the world’s governments fulfil their agreement to act on climate change, according to a new report.” Read more

US cities join 350.org fossil-fuel divestment campaign.

April 25, 2013 Climate, Coal, Gas, Oil 

Guardian: “The cities of San Francisco and Seattle have pulled their money out of fossil fuel companies, taking a climate divestment campaign from college campuses to local government. The campaign group 350.org said on Thursday it had won commitments from a total of 10 cities and towns to divest from 200 of leading fossil fuel companies.” Read more

Exxon’s oil and gas production falls.

April 25, 2013 Oil 

FT: The two giants “reported earnings and production that were roughly unchanged in the first quarter of the year as they struggled to increase their oil and gas output.” Read more

Global solar PV industry became a net electricity producer in 2012.

April 25, 2013 Clean Energy 

Solar Industry Magazine: “Researchers at Stanford University have answered a question that has been on the minds of industry observers and critics. A recent study – “Energy Balance of the Global Photovoltaic (PV) Industry – Is the PV Industry a Net Electricity Producer?” – found that the amount of energy that solar panels produce has likely surpassed the amount of energy needed to manufacture them.” Read more

Caudrilla censured by ASA over fracking claims.

April 24, 2013 Gas 

Guardian: “Cuadrilla, the only shale fracking company operating in the UK, has been slapped down by the advertising watchdog for claiming that it uses “proven, safe technologies”. Read more

UK government’s climate advisors say gas dash blocks renewables.

April 24, 2013 Clean Energy, Gas 

Guardian: The Committee on Climate Change “sounded caution on the prospects for widespread development of shale in the UK. It said that relying heavily on gas would scupper the UK’s chances of meeting emissions targets in the longer term, and prevent needed investments in low-carbon technologies.” Read more