Norway’s state pension fund to be given a renewables mandate.

March 13, 2014 Clean Energy, Climate, Finance, Oil 

WWF: “Today it was announced that the government of Norway would mandate the country’s sovereign wealth fund, the largest in the world, to invest in renewable energy, Prime Minister Erna Solberg said in Oslo this morning.”
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“The energy transition tipping point is here, and there is no going back.”

March 12, 2014 Clean Energy, Coal, Finance, Gas, Nuclear, Oil 

Chris Nelder on SmartPlanet: “I have waited a long time—decades, really—for a tipping point in the energy transition from fossil fuels to renewables beyond which there can be no turning back. Fresh evidence pertaining to many themes I have explored in this column over the past three years suggests that tipping point is finally here.”
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100% renewable energy ambassadors appeal on Fukushima anniversary

March 11, 2014 Clean Energy, Commentaries, Nuclear 

World Wind Energy Association: “Three years after the Fukushima/Daiichi nuclear disaster, the Global100RE Ambassadors are highlighting the need to refrain from using hazardous nuclear and fossil energy sources and instead shift towards 100% renewable energy.”
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Chevron cuts production growth target in face of rising costs.

March 11, 2014 Gas, Oil 

FT: “Chevron, the US oil group, has raised sharply its expectation of future oil prices and cut its target for production growth, as it highlighted the steep rise in costs in the industry.”
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Was 2013 the year of peak global fossil-fuel capex? “Following on from our focus on 2012 capital expenditure (CAPEX) in our 2013 Unburnable Carbon analysis, we have reviewed the data from 2013. This reveals some interesting trends.”
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“Armchair warriors wage phoney war”: US gas exports can’t help Ukraine.

March 10, 2014 Gas, Oil 

Derek Brower in Petroleum Economist: “From London to Washington politicians and commentators have arrived at a solution to their Putin problem. Russia is weak, their argument claims, because it depends on oil and gas revenue. Unleash American energy on the world and watch the Kremlin crumble.”
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“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 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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