Obama imposes most far-reaching carbon restrictions on power sector yet. 32% power sector cuts by 2030, encouraging bypass of gas, favouring renewables. Legal pushback expected.
“With coal going begging, it’s time to stop digging.” So writes Michael West in the SMH. The two big projects of Chinese company Shenhua and Indian company Adani won’t work.
Judiciary panel indicts three Tepco executives over Fukushima. The charge: failing to take any “effective measures” and “turning a blind eye” to risk of earthquake triggering accident.
“Oil price collapse hammers big US energy groups”: FT. Shares in ExxonMobil and Chevron tumble to cap a week with thousands of job losses in Europe.
AA joins UK environmental groups in mass protest to Cameron. The government has succeeded in antagonising even the car-owners association with its green reversal.
Shell’s Arctic icebreaker threads human barricade as it departs Oregon. Police arrest protestors dangling from ropes and in kayaks on the water.
“Earth now halfway to UN global warming limit.” All but one of the main trackers of global surface temperature are now passing more than 1 °C, New Scientist reports.
World Bank rejects coal industry notion that coal can cure poverty. World Bank climate change envoy says continued use of coal is exacting heavy cost on world’s poorest countries.
US offshore wind puts its first steel in the water. Construction of developer Deepwater Wind’s 30MW Block Island project begins in the US NE.
“Warren Buffett And Elon Musk To Spark A Lithium Boom.” So says oil.price.com’ James Stafford. His advice to invvestors: “follow the brine” (from which lithium can be extracted).
Norway cranks up plan to be Europe’s “green battery”. With 937 hydropower plants, providing 96% of its electricity, engineers believe they can cover solar and wind shortfalls.
“The troubled oil business.” “Hitting peak oil will come faster than any of us think. But don’t blame dwindling supply — it’s all about disappearing demand.” Amory Lovins in sparkling form.
Solar Impulse grounded until spring with battery damage. Pilots say it is their fault – they over-insulated the batteries and climbed too high too fast.