Europe risks ‘significant’ gas shortages this winter: Total.

July 14, 2014 Gas 

FT: “Europe faces a “significant risk” of gas shortages this winter if there is any disruption to Russian supplies through Ukraine, one of the continent’s leading energy executives has warned.”
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“Citigroup pays $7bn to settle sub-prime mortgage investigation.”

July 14, 2014 Finance 

Guardian: “Citigroup agreed to pay $7bn on Monday to settle a federal investigation into the toxic mortgage products the bank sold in the run-up to the financial crisis.”
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Customer complaints about the Big 6 are at an all time high.

July 14, 2014 Coal, Gas, Nuclear 

Guardian: “The number of customers complaining to the independent ombudsman about their energy bills has soared with more people making official complaints in the first six months of this year than the whole of last year put together.”
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China requires EVs to be 30% of state vehicle purchases by 2016.

July 14, 2014 Clean Energy, Oil 

Bloomberg: “China is mandating that electric cars make up at least 30 percent of government vehicle purchases by 2016, the latest measure to fight pollution and cut energy use after exempting the autos from a purchase tax.”
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Iraq and Libya crucial to global oil supply in the short term: IEA.

July 11, 2014 Gas, Oil 

FT: “Demand for oil is set to accelerate next year as the global economy gains momentum and will be met by rising supplies from the US and Canada, according to the west’s energy watchdog.”
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Church group representing half a billion divests from fossil fuels.

July 11, 2014 Climate 

Guardian: “An umbrella group of churches, which represents over half a billion Christians worldwide, has decided to pull its investments out of fossil fuel companies.”
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“EDF nuclear deal is a bad economic bet.”

July 11, 2014 Nuclear 

Tom Burke in the Guardian: “It has always been difficult to see what was attractive about theproposed deal with EDF to build a nuclear reactor at Hinkley Point in Somerset. To bring this off the government is offering to sell 35 years of index-linked tax receipts to the French government to buy electricity at twice its current price.”
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China exempts new electric cars from tax.

July 10, 2014 Clean Energy, Climate, Oil 

Guardian: “China will exempt electric cars and other types of “new energy” vehicles from purchase tax, the government said, as it seeks to reduce pollution and conserve resources.”
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As China’s mood sours on the tar sands investor risk soars.

July 10, 2014 Finance, Oil 

Financial Mail: “Barely two years since the national outcry over China’s aggressive push into Canada’s oil patch, some of the major acquisitions are looking messy to hopeless.”
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Helsinki’s ambitious plan to make car use redundant in 10 years.

July 10, 2014 Clean Energy, Oil 

Guardian: “The Finnish capital has announced plans to transform its existing public transport network into a comprehensive, point-to-point “mobility on demand” system by 2025 – one that, in theory, would be so good nobody would have any reason to own a car.”
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Chairman of fracking firm Cuadrilla helps select DECC senior execs.

July 10, 2014 Gas, Oil 

ClickGreen.com: “The chairman of fracking firm Cuadrilla has the power to hand-pick the board of non-executive directors at the Department of Energy and Climate Change, ClickGreen can reveal.”
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UK High Court rules for solar companies’ £132 million damages claim.

July 9, 2014 Clean Energy 

Solar Power Portal: “The High Court has ruled in favour of 14 UK solar companies who brought a £132 million damages claim against the government.”
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Electric ‘Boris cars’ come to London, now that they work in Paris.

July 9, 2014 Clean Energy, Oil 

Guardian: “….By any measure – including, judging from a random sample quizzed on the pavement last month, customer satisfaction – Paris’s Autolib’ electric car sharing scheme is looking like a success.” Read more

“Shell underestimates risk for up to $77 billion of high cost oil projects.”

July 9, 2014 Climate, Finance, Gas, Oil 

Carbon Tracker press release: “The Carbon Tracker Initiative (CTI) and Energy Transition Advisors (ETA) have today jointly published a thorough response to Shell’s stranded assets statement published on May 16th.”
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US and China agree cautious join steps forward on abating climate change

July 9, 2014 Climate, Coal 

Reuters: “The United States and China on Tuesday signed eight partnership pacts to cut greenhouse gases that will bring the world’s two biggest carbon emitters closer together on climate policy, but fundamental differences between the two sides remain.”
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“Fossil industry is the subprime danger of this cycle” / solar the future.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

Ambrose Evans-Pritchard in the Telegraph: “The cumulative blitz on energy exploration and production over the past six years has been $5.4 trillion, yet little has come of it.”
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US & UK military reports: climate change is a threat to global security.

July 9, 2014 Climate 

Climate Group: “The US and the UK have simultaneously released reports which highlight the risk climate change poses to security operations.”
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Deep decarbonization pathways available to hit 2˚C climate target: report.

July 9, 2014 Clean Energy, Climate, Coal, Finance, Gas, Nuclear, Oil 

Guardian: “The United Nations was presented with a roadmap to avoid a climate catastrophe on Tuesday, prescribing specific actions for the world’s biggest economies to keep warming below 2C.”
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Deutsche Bank to lend $1 billion for solar in Japan.

July 8, 2014 Clean Energy, Finance 

REW.com: “Deutsche Bank AG plans to lend about $1 billion for Japan solar projects, joining Goldman Sachs Group Inc. in funding cleaner energy as the government struggles to restart nuclear power plants after the Fukushima disaster.”
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UK CCS project wins EU funding.

July 8, 2014 Climate, Coal 

Guardian: “Drax, the operator of Britain’s biggest power station, has secured up to €300m (£238m) of European Union funding to build a power plant whose carbon dioxide emissions will be trapped and buried deep beneath the North Sea.”
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