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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Russia says its oil production will drop next year.

July 7, 2014 Oil 

UPI:  ”An anticipated drop in oil production by 2016 is expected to hurt the Russian economy, the Russian Finance Ministry said Monday. The ministry said Monday it expects a $4.5 billion decline in oil export revenue because of an anticipated 6.3 percent drop in oil production from 2014 figures.”
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150 UK companies appeal to PM to stop undermining solar industry.

July 7, 2014 Clean Energy, Commentaries 

SolarPowerPortal: “A letter to Prime Minister, David Cameron urging him to support Britain’s thriving solar industry has been signed by more than 150 businesses.”
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Companies, restaurants etc all selling solar power to grid in Japan.

Bloomberg: “Watami Co., a restaurant chain in Japan known best as a hangout for salarymen, is getting into the business of selling power — and it isn’t alone.”
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UK climate change policies have not harmed economy, report says.

July 7, 2014 Clean Energy, Climate, Finance 

Guardian: “The UK’s climate change policies have not damaged business competitiveness, leading economists will say today.”
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“Solar has won. Even if coal were free, power stations couldn’t compete.”

July 7, 2014 Clean Energy, Coal 

Guardian: “Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.”
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Insurers plan to cover withdrawal of wind and solar subsidies.

July 6, 2014 Clean Energy, Finance 

FT: “Insurers are developing plans to protect investors in solar and wind power projects against the sudden withdrawal of crucial state subsidies that have battered the European renewable energy industry.”
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National Grid chief calls for more interconnectors to UK.

July 6, 2014 Coal, Gas, Nuclear 

FT: “Energy prices for British consumers would fall by £1bn a year if electricity interconnectors between continental Europe and the UK were doubled by 2020, according to the operator of the UK’s gas and electricity networks.”
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Dark snow accelerates glacial melting, accelerating sea-level rise.

July 5, 2014 Climate 

Guardian: “….The phenomenon of “dark snow” is being recorded from the Himalayas to the Arctic as increasing amounts of dust from bare soil, soot from fires and ultra-fine particles of “black carbon” from industry and diesel engines are being whipped up and deposited sometimes thousands of miles away.” Read more

Shell joins class action against BP over Gulf spill.

July 5, 2014 Oil 

Guardian: “Pension funds from London borough councils and even Shell are among a new group of shareholders suing BP in Texas over the Deepwater Horizon accident.”
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California under “severe drought” as wildfire rages in Napa valley.

July 5, 2014 Climate 

Guardian: “California’s drought is intensifying, turning more farms to dust, fanning fires, draining fountains and driving “unbelievable” prices at water auctions.”
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UK banks fake letters from non-existent law firms to harass debtors.

July 4, 2014 Finance 

Guardian: “Britain’s high-street banks are routinely issuing legal demands from what appear to be independent firms of solicitors designed to make struggling borrowers pay up. Yet the firms are not regulated by the legal profession’s watchdog, and are simply names used by banks’ in-house lawyers.”
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British Gas to pay £1m for defrauding customers.

July 4, 2014 Gas 

Guardian: “British Gas has been forced to pay out £1m to customers after mis-selling energy deals to thousands of shoppers in Sainsbury’s stores nationwide and the Westfield shopping centre in Shepherd’s Bush, London.”
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UK energy efficiency installations at lowest level for a decade.

July 4, 2014 Clean Energy 

Guardian: “The installation of measures to help homes save energy has collapsed as a result of government policies, campaigners have said.” Read more

Germany relaxes fracking ban to allow “scientific trials”.

July 4, 2014 Gas 

FT: “Germany is to relax its outright opposition to fracking by allowing field trials of the controversial technology in a step towards tapping the country’s vast reserves of shale gas.
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