Guardian: “Knowing the source and use of money is vital for financial analysis. But when it comes to investment in climate finance, the data’s not there, says Mark Fulton.”
Guardian: “Hundreds of activists blockaded the Balcombe oil drilling site in Sussex owned by the fracking company Cuadrilla, as well as its Lichfield headquarters and the offices of its PR firm in London.” Read more
Guardian: “Thousands of people marched through the Sussex countryside on Sunday in the biggest show of strength to date for the UK’s anti-fracking movement, the start of a three-day campaign against exploratory drilling near the village of Balcombe in west Sussex.”
Guardian: Caudrilla suspends operations at Balcombe during protests.
FT: In 2011 the US became a net exporter of fuel for the first time in two decades. The value of petroleum and coal exports more than doubled from $51.5bn in the year to June 2010 to $110.2bn in the year to June 2013: top of the rankings of export growth.
FT: Philip Fletcher, chair of the Church’s group on mission and public affairs, compares condemnation of fracking to the mistaken belief that the combined measles, mumps and rubella (MMR) vaccine was not safe. Read more
Guardian: “This is no ordinary closure. Tilbury claimed latterly to be the biggest biomass plant in the world, providing 10% of Britain’s renewable power, and was a pioneer in the field of low-carbon generation.” Read more
Guardian: “Households in England and Wales cut their energy use by a quarter between 2005 and 2011 as prices soared, government figures show. The sharp fall was probably caused by a mix of efficiency measures and environmental awareness, as well as steep price rises, the Office for National Statistics (ONS) said.” Read more
Gillian Tett in the FT: “People who donate to Kickstarter are notably not trying to maximise any economic gain, or behave in an individualistic way. Instead, they are affirming their values, identity and sense of community, delivering non-monetary paybacks for donor and donee alike.”
FT: “Biomass, once seen as pivotal to Britain’s hopes of meeting its renewable energy targets, is hitting the buffers as the government rethinks support for the sector. Its waning fortunes have come as a shock to many in the renewables sector, which had viewed biomass as among the most promising non-fossil fuels.”
Ambrose Evans-Pritchard in the Telegraph: “The US Navy will derive half its energy supply from renewables by the end of this decade ….”The US Defence Department is racing ahead. This could be like the semiconductor industry in 1980s where the military changed the game,” said Jeremy Leggett, chairman of Solarcentury.” Read more
Bloomberg: SolarCity buys a solar direct-marketing company majority-owned by Guthy-Renker LLC for about $120 million in stock and cash in order to reach more customers.” Read more
FT: Eon says it will consider shutting or mothballing fossil power plants in Europe in the face of “interventionist” energy policies and regulations that subsidise and prioritise renewable energy. Read more
FT: Denmark’s biggest pension group by membership and third by asset base invests £128m in construction of a 40 MW straw-fuelled power station in Lincolnshire that will provide enough energy to supply 70,000 British households. Read more
FT: “BP is suing the US government over a decision to bar the company from winning new federal contracts after it pleaded guilty to criminal charges related to the 2010 Gulf of Mexico oil spill.” Read more