Japan’s utilities turn on solar, threatening industry’s prospects.

October 9, 2014 Clean Energy, Coal, Gas, Nuclear 

Bloomberg: “After spending almost $30 billion on solar energy in a single year and installing as many panels as exist in the whole of Spain, Japan is preparing to ratchet back its boom in photovoltaic power. At least five of the nation’s utilities are restricting the access of new solar farms to their grids.”
Read more

Lego cans Shell partnership following Greenpeace campaign.

October 9, 2014 Climate, Oil 

Guardian: “Lego will not renew its marketing contract with Shell after coming under sustained pressure from Greenpeace to end a partnership that dates to the 1960s.”
Read more

Drilling rig numbers hit in a new record in the US as oil search spreads.

October 8, 2014 Nuclear, Oil 

Bloomberg: “Rigs targeting oil in the U.S. surged to a record as drillers ventured outside the nation’s biggest basins to search for crude in developing plays such as the South-Central Oklahoma Oil Province, known as SCOOP.”
Read more

“Shale boom tested as sub-$90 oil threatens U.S. drillers.”

October 8, 2014 Finance, Gas, Oil 

Bloomberg: “The U.S. shale boom is producing record amounts of new oil as demand weakens, pushing prices down toward levels that threaten to reduce future drilling.”
Read more

Glasgow becomes first university in Europe to divest from fossil fuels.

October 8, 2014 Climate, Coal, Finance, Gas, Oil 

Guardian: “Glasgow University has become the first academic institution in Europe to divest from the fossil fuel industry, in a turning point for the British arm of the student-led global divestment movement.”
Read more

EU approves Hinkley Point nuclear power station, now >£24bn to build.

October 8, 2014 Nuclear 

Guardian: “The European commission on Wednesday gave Britain the green light for a huge government subsidy that will open the way for the first atomic power stations to be built for nearly 20 years.”
Read more

Record fine sought for EQT fracking impoundment with 200 holes.

October 7, 2014 Gas 

AP: “Pennsylvania environmental regulators are pursuing a record $4.5m fine against a gas driller over what they describe as a major case of pollution from a leaking waste pit.”
Read more

Solar and wind cost may fall to level for coal by 2020s, study says.

October 7, 2014 Clean Energy, Coal, Finance 

Bloomberg:  ”The cost of solar and onshore wind power may fall to the same level as generation from fossil fuels by the 2020s, energy consultant Poyry Oyj (POY1V) said in a report.”
Read more

Big Australian pension fund offloads coal investments.

October 7, 2014 Climate, Coal, Finance 

FT: “One of Australia’s biggest public sector pension funds is to sell its holdings in coal companies, saying that climate change is an “unarguable scientific reality” and a “very real investment risk”.”
Read more

Biggest companies sit on growing cash pile, but not oil & gas and utilities.

October 6, 2014 Finance 

FT: “The UK’s largest companies by market value are sitting on cash piles of £53.3bn, more than two-fifths higher than the amount of net cash they held last year, according to Capita Asset Services.”
Read more

Austrian lithium projects seeks IPO as drive for EVs grows.

October 5, 2014 Clean Energy 

FT: “….Several deals this year have suggested increased investor interest in lithium, and Tesla’s plans have focused fresh attention on sources of supply.”
Read more

Brent oil retreats to 28-month low.

October 2, 2014 Oil 

FT: “Brent crude hit a 28-month low on Thursday while benchmark US oil dropped below the $90 a barrel mark for the first time since April 2013, pointing to significant stocks on both sides of the Atlantic.”
Read more

Environmentalists’ appeal to foundations on climate: the full case.

October 2, 2014 Clean Energy, Climate, Coal, Commentaries, Finance, Gas, Oil 
Jeremy Leggett in Recharge magazine: “Imagine two armies lining up for a make-or-break battle in a civil war. Envisage a group of financiers, worth hundreds of billions, most of whom want a certain side to win.”
Read more

Cost “blow-outs” raise questions about Australia’s LNG export drive.

October 2, 2014 Gas 

FT: ….“Australia is poised to become the world’s biggest exporter with 84m tonnes of LNG capacity coming into production by about 2018,” says Rod Duke, head of LNG at Santos, an Australian energy company.”
Read more

Renewables spending on the increase after two years of decline – except EU.

October 2, 2014 Clean Energy, Finance 

Bloomberg: “About $175 billion was spent globally on renewable energy projects during the first three quarters, up 16 percent from the same period last year, with Chinese solar investment at a record, according to a Bloomberg New Energy Finance report.”
Read more

The US shale production surge: oil prices still likely to stay high.

October 1, 2014 Change for Good 

Stephen Kopits on Princeton Energy Advisors: “Oil prices certainly have been weak.  How should we think about the matter? Shale oil has been and continues to be the star of the global oil supply.”
Read more

Big Six energy giants ‘will lose a quarter of their customers’ by 2020.

October 1, 2014 Clean Energy, Coal, Finance, Gas, Nuclear 

Telegraph:  ”The Big Six energy suppliers will lose a quarter of their customers by 2020 as millions of households switch to cheaper rivals, leading analysts have forecast. The least competitive of the major suppliers are likely to quit the market altogether in a radical shake-up of the energy sector, according to analysts at Citigroup.”
Read more

First commercial-scale CCS plant finally operational – & dependent on oil.

October 1, 2014 Climate, Coal, Oil 

Guardian: ”Canada has switched on the first large-scale coal-fired power plant fitted with a technology that proponents say enables the burning of fossil fuels without tipping the world into a climate catastrophe.”
Read more

How shills for the oil & gas industry bully people to invest in fracking.

October 1, 2014 Finance, Gas, Oil 

An e-mail received. “This is the last time I’m going to write you about this. I’ve made numerous offers already, and this will be the final one Quite frankly, only a fool would sit on the sidelines on a bull market this big. ….Do you hate money?
Read more

Solar market poised for growth in India with solar champion as PM.

September 30, 2014 Clean Energy 

Guardian: “From the observation tower in the Thar desert and as far as the eye can see, the dark blue arrays of a million solar panels can be seen sitting silently on the red dust. The Charanka solar park in Gujarat is an “ultra-mega” power project – the Indian government’s phrase – and the biggest in Asia.”
Read more