User: phantomvish Topic: Energy by Source
Category: Fossil :: All
Last updated: May 29 2016 21:59 IST RSS 2.0
 
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Duke Energy Flexes Political Muscle on Fracked Gas, Coal Ash 29.5.2016 Truthout - All Articles
Duke Energy is facing serious regulatory battles in its home state of North Carolina, with climate-action groups doggedly trying to block the company's planned fracked gas plant in Asheville and the state's environmental agency recently  deciding -- at least temporarily -- that all of the company's coal ash impoundments must be excavated and the waste moved to safer dry storage. But the power giant is fighting back with the help of friends in high places. On the gas plant front, Duke Energy earlier this month asked the NC Utilities Commission to order NC WARN and The Climate Times to post a $50 million bond to continue their appeal of the commission's approval of the company's proposed $1 billion gas plant on the site of a shuttered coal plant near Asheville, citing a never-before-used provision of a 1963 state law allowing the utility to seek a bond from critics challenging a power plant approval. Though the bond is supposed to offset costs stemming from a delay in starting construction, Duke Energy has ...
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Harnessing the sun 29.5.2016 Steamboat Pilot
From a hillside along Moffat County Road 177 in Craig, it is clear who the big energy player is in the region. In 2015, 2.1 million tons of coal were recovered from the Trapper Mine, where a dragline could be seen removing dirt from the underlying coal seam. At the $1.2 billion Craig Station power plant, sitting on 1,120 acres, the capacity exists to produce 1,303 megawatts of power at any time. That is enough to power more than 200,000 homes. The two operations dwarf what lies between them at the community solar garden — a 577-kilowatt system that sits on four acres. Given how much land the solar garden uses, it would need to be 9,033 acres to produce as much power as the neighboring power plant. “That hillside is only going to produce so much (coal),” Yampa Valley Electric Association foreman John Cromer said while walking through the solar garden. “We have a lot to gain by being a part of a facility like this.” It is evident that some residents do not like the idea of green energy being produced in ...
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Agency: Measure would put most of state off-limits to wells 29.5.2016 Durango Herald
DENVER – A proposal to require new oil and gas wells to be at least 2,500 feet from homes and schools in Colorado would leave 90 percent of the state off-limits to future drilling, regulators said Friday.The Colorado Oil and Gas Conservation Commission released a report on the impact of a...
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How your U.S. lawmakers voted 29.5.2016 Seattle Times: Local

Here’s how Washington state’s members of the U.S. House and Senate voted on major issues in the week ending May 27. Congress is now on Memorial Day recess until the week of June 6.
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Japan announces assistance for infrastructure projects in Sri Lanka 28.5.2016 Hindu: International
Japan’s Prime Minister Shinzo Abe on Saturday announced an assistance of 38 billion yen for power transmission and water supply projects in Sri Lanka. The announcement was made after Mr. Abe and Sr...
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Fracking go-ahead: What happens next? 28.5.2016 BBC: Business
Now plans for fracking have been given the go-ahead in North Yorkshire, the BBC's John Moylan looks at whether old industrial sites be used for future fracking applications.
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Putin visits Greece for investment talks, religious trip 27.5.2016 AP Top News
ATHENS, Greece (AP) -- Russian President Vladimir Putin made his first trip to a European Union country this year Friday with a visit to Greece that will include a stop at a secluded Christian Orthodox monastic sanctuary....
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Spain gets EU consent to shut coal mines 27.5.2016 Salt Lake Tribune
Madrid • Spain has won approval from European authorities to spend $2.4 billion on the closure of 26 coal mines by 2018. The government expenditure includes covering production losses as the uncompetitive mines wind down, providing financial support to laid-off workers through severance payments and social security benefits, and financing safety and other works after the mines close. The European Commission, which approves state aid as long as it doesn’t distort competition, gave the go-ahead Fr...
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Hercules Offshore files for bankruptcy protection, again 27.5.2016 Seattle Times: Business & Technology

NEW YORK (AP) — Oilfield services company Hercules Offshore filed for Chapter 11 bankruptcy protection, the second time it’s done so in less than year. This time, however, the company is selling assets to pay off investors. Hercules transferred the right to acquire the rig, formerly named Hercules Highlander, to a subsidiary of Maersk Drilling. […]
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Donald Trump just made an extremely important promise. It's one of his worst yet. 27.5.2016 Washington Post: Op-Eds
Donald Trump just made an extremely important promise. It's one of his worst yet.
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Trump promises to overturn U.S. climate policy 27.5.2016 Hindu: Home
"We’re going to cancel the Paris climate agreement," Mr. Trump said.
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Trump clinches GOP nomination and vows to back out of global warming pact 27.5.2016 LA Times: Nation

Hours after effectively clinching the Republican presidential nomination, Donald Trump vowed Thursday to withdraw the United States from the historic Paris agreement among 195 nations to cut greenhouse gas emissions in an effort to stop global warming.

Trump, who has often dismissed the science...

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Oil prices rise above $50 a barrel for the first time this year 27.5.2016 Washington Post
The increase in crude oil prices comes shortly before the summer driving season, when U.S. gasoline consumption, which accounts for about 1 of every 10 barrels of oil produced worldwide, tends to rise.
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$50 oil shouldn’t pose major threat to consumers, economy 27.5.2016 Seattle Times: Business & Technology

NEW YORK (AP) — The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at least not yet. Analysts expect gasoline […]
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$50 oil not a major threat to consumers, economy 27.5.2016 Salt Lake Tribune
New York • The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks. Yet the arrival of higher energy prices isn’t necessarily bad news for consumers — at least not yet. Analysts expect gasoline and airline fares to stay relatively low at least through the summer travel season. And most think the economy can withstand slightly higher energy costs. Analysts say oil prices could rise further, b... <iframe src="http://www.sltrib.com/csp/mediapool/sites/sltrib/pages/garss.csp" height="1" width="1" > </frame>
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There's a lot to unpack in just one of Donald Trump's answers about energy policy 27.5.2016 Washington Post: Politics
Let's provide some context.
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Trump uses energy speech to outline general election pitch 27.5.2016 AP Politics
BISMARCK, N.D. (AP) -- Presumptive Republican presidential candidate Donald Trump unveiled an &quot;America first&quot; energy plan he said would unleash unfettered production of oil, coal, natural gas and other energy sources to push the United States toward energy independence....
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$50 oil shouldn't pose major threat to consumers, economy 27.5.2016 AP Business
NEW YORK (AP) -- The price of oil topped $50 a barrel this week for the first time since July, delivering a cash infusion to oil producers and a lift to beaten-down energy stocks....
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Dong Energy IPO to value windfarm operator at £11bn 26.5.2016 Guardian: Environment

Danish firm that is major investor in UK offshore windfarms expects to sell up to 17% of shares in year’s biggest float so far

Danish-based Dong Energy, a major investor in British offshore windfarms, is heading for the world’s biggest stock market flotation so far this year with a price tag for the entire business of 106.5bn kroner (£11bn).

The group, which has been a flag carrier for companies moving from fossil fuels to renewable energy, expects to sell up to 17% of its shares, each priced between 200 and 255 kroner.

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The Desperate Plight of Petro-States 26.5.2016 Truthout - All Articles
(Photo: Mr. Hicks46 ; Edited: LW / TO) Pity the poor petro-states. Once so wealthy from oil sales that they could finance wars, mega-projects, and domestic social peace simultaneously, some of them are now beset by internal strife or are on the brink of collapse as oil prices remain at ruinously low levels. Unlike other countries, which largely finance their governments through taxation, petro-states rely on their oil and natural gas revenues. Russia, for example, obtains about 50% of government income that way; Nigeria, 60% ; and Saudi Arabia, a whopping 90% . When oil was selling at $100 per barrel or above, as was the case until 2014, these countries could finance lavish government projects and social welfare operations, ensuring widespread popular support. Now, with oil below $50 and likely to persist at that level, they find themselves curbing public spending and fending off rising domestic discontent or even incipient revolt. At the peak of their glory, the petro-states played an outsized role in ...
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