User: phantomvish Topic: Energy by Source
Category: Fossil :: All
Last updated: Feb 08 2016 18:33 IST RSS 2.0
 
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Naomi Klein: Climate Change "Not Just About Things Getting Hotter" 4.2.2016 Truthout - All Articles
A salt truck drives through Times Square in New York City during the blizzard that took place on January 23, 2016. (Photo: blvdone / Shutterstock.com ) A week and a half ago, just as a blizzard was barreling up the East Coast, I traveled to my hometown, Canandaigua, NY, and before a standing-room-only audience of more than 400 at Finger Lakes Community College, had a conversation with author and climate activist Naomi Klein. Our talk was part of the George M. Ewing Forum, named in honor of the late editor and publisher of our local newspaper. He was a worldly and informed man, dedicated to good talk and a lively exchange of ideas. The forum brings to town a variety of speakers each year, some of them from the area, others not. The Finger Lakes region is a beautiful part of the country. As has often been said, it runs on water, and as I grew up, there was an increasing realization that what we have is an invaluable natural resource we could be in danger of losing. Over the years, the threats have grown ...
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SSE set to close most of major coal power plant 4.2.2016 Guardian: Environment
Fiddler’s Ferry near Manchester likely to close in April, says energy company as cheap gas prices and renewable energy surge price coal out of UK British power producer SSE said it would likely close most of the units at its 1,995-megawatt Fiddler’s Ferry coal-fired plant from 1 April, despite gaining a government capacity contract designed to incentivise back-up plants to stay online. SSE said its 45-year-old station near Manchester had been loss-making for two years and was expected to continue losing money until 2020. A surge in renewable energy production and cheap gas prices have effectively priced coal-fired power plants out of the market in Britain. Three months ago, Britain’s energy minister also announced the permanent closure of all coal-fired power plants by 2025 in a bid to lower carbon emissions from the electricity sector. SSE said it was consulting staff on the closure of three out of four generation units at Fiddler’s Ferry but that shutdown from 1 April was a likely outcome. “The plant ...
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Adani freezes investment in Carmichael mine until world coal price recovers 4.2.2016 Guardian: Environment

Briefings spark speculation company might abandon plans for mine altogether amid move into solar projects worth US$16bn

Adani has frozen its investment in Australia’s largest proposed coalmine until world coal prices show a clear recovery, its executives have indicated in stock analyst briefings in India.

The briefings even gave rise to speculation that Adani Enterprises, which has previously flagged spending $4.1bn on the Carmichael mine in north Queensland, might abandon its plans for the mine altogether amid a huge move by the company into solar energy.

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Fixing the Methane Leaks That Deflate Natural-Gas Gains 4.2.2016 Wall St. Journal: Opinion
The Aliso Canyon disaster does as much climate damage daily as four coal-fired power plants.
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US electricity industry's use of coal fell to historic low in 2015 as plants closed 4.2.2016 The Guardian -- Front Page

The biggest source of climate pollution dropped to 34% of US electricity generation and co-author of a new report says: ‘These are permanent changes’

America’s use of coal for electricity dropped to its lowest point in the historical record in 2015, delivering a new blow to an industry already in painful decline.

The dirtiest of fossil fuels and America’s biggest single source of climate pollution, coal accounted for just 34% of US electricity generation last year, according to the Sustainable Energy in America handbook on Thursday.

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Australia energy firm drops CSG plans 4.2.2016 BBC: Business
One of Australia's largest energy says it is winding down its coal seam gas operations, citing falling oil prices and long development times.
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AGL pulls out of coal seam gas across Australia, leaving farmers ‘ecstatic’ 4.2.2016 Guardian: Environment

Energy company cites low oil prices for decision to cease exploration and wind down or sell its gas fields, with CSG opponents calling the move a well-earned victory

AGL is pulling out of coal seam gas in Australia, ceasing its exploration and winding down or selling its operational gas fields.

Plummeting global oil prices was cited by AGL as one of the main reasons for the decision, in its announcement to the ASX on Thursday morning, as well as lower than expected production volumes from one of its fields in NSW.

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SSE to close coal-fired power units 4.2.2016 BBC: Business
Energy company SSE has said it expects to close three out of four units at its Fiddler's Ferry coal fired power plant in Cheshire.
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Routt County commissioners consider a strategic shift on energy jobs 3.2.2016 Steamboat Pilot
The Routt County Board of Commissioners is in discussions about placing more emphasis on protecting existing energy jobs in Northwest Colorado as it conducts its annual review of strategic initiatives this month. In 2015, the Board of Commissioners’ list of eight strategic initiatives included one that read: “Leverage new energy opportunities.” On Monday, county commissioners Cari Hermacinski, Doug Monger and Tim Corrigan were leaning toward adapting that language to read something closer to: “Support the economic health of our energy industries.” “It’s our role to make sure the power plants, coal mines and railroads stay open and healthy in our county,” Hermacinski said during an informal discussion on all eight of last year’s strategic initiatives. Under newly proposed EPA regulations, coal-fired power plants will need to reduce their carbon emissions by 30 percent by 2030. All states will be responsible for creating their own plans to meet the requirements and have the option of working with other ...
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Global gas market braced for price war 3.2.2016 Financial Times: Energy
Gazprom eyes aggressive strategy to counter US LNG exports
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Closing This Nuclear Plant Could Cause an Environmental Disaster 3.2.2016 Mother Jones
The Diablo Canyon nuclear power plant sits by the scenic hills overlooking the California coast, a few hours' drive north of Los Angeles. It's the state's only remaining nuclear plant (after the San Onofre plant was closed in 2013), and it's responsible for about one-tenth of the state's electricity, serving more than 3 million homes and businesses. Since construction on the plant began in the late 1960s, Diablo Canyon has been a focal point of the nationwide controversy over nuclear power. In 1981, roughly 2,000 protesters (including the singer-songwriter Jackson Browne) were arrested at the construction site. Ever since, the plant has faced opposition from environmental groups like the Sierra Club and Friends of the Earth . But now, the plant is attracting an unlikely wave of support from some of the country's most prominent environmentalists and climate change scientists. Last week, in an effort to ensure that Diablo Canyon isn't shut down in the near future, this new coalition sent a letter to Gov. ...
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Tokyo stocks plunge as oil price slump sparks fears 3.2.2016 New Kerala: World News
Tokyo, Feb 3 : Tokyo stocks closed sharply lower on Wednesday, with the benchmark Nikkei index tumbling more than three percent as a continued slump in oil prices led to a sell-off on concerns of a slowdown in the global economy.
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L.A. leaders want someone overseeing oil operations in the city full time 3.2.2016 LA Times: Commentary

Los Angeles, a metropolis studded with hundreds of active oil and gas wells, is supposed to have someone who handles a long list of duties tied to petroleum, according to city codes.

Yet for decades, no one has held the job full time.

That vacuum has troubled some environmental and neighborhood...

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More big oil companies take hits in 4th-quarter results 3.2.2016 SFGate: Business & Technology
The newest measure of the oil industry’s falling fortunes came Tuesday in the form of a $3.3 billion fourth-quarter loss reported by BP. Low oil and natural gas prices are saving families hundreds of dollars a year, but there are few cheers among energy executives. Longer term, there are questions about the value of oil still under the ground and the sea floor, as climate concerns prompt energy users of all sizes to seek alternatives to fossil fuels. BP and Exxon Mobil continue to pledge their commitment to their dividends, helped by the strong returns that refineries tend to show when oil and gas, vital raw inputs, are low. Senior oil executives noted that unseasonably warm weather had lowered demand for natural gas and that refining and chemical profit margins were weakening in some areas of the world. [...] despite the challenges, oil executives expressed confidence Tuesday that their businesses would survive and prosper in the future, and that oil and gas prices would eventually rebound to lofty ...
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Business Highlights 3.2.2016 Seattle Times: Top stories

___ Cheap oil buoys consumers, shakes up global governments Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive crude is delighting consumers in some regions, while leading to widespread job losses elsewhere. Most Read […]
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We’re drowning in cheap oil – yet still taxpayers prop up this toxic industry | George Monbiot 3.2.2016 The Guardian -- Front Page
As these new crisis bailouts for fossil fuels show, it’s those who are least deserving who get the most government protection

Those of us who predicted, during the first years of this century, an imminent peak in global oil supplies could not have been more wrong. People like the energy consultant Daniel Yergin, with whom I disputed the topic, appear to have been right: growth, he said, would continue for many years, unless governments intervened.

Related: New research points to risk peak oil presents to business

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Cheap oil buoys consumers, shakes up global governments 2.2.2016 AP Business
Cheap oil will be sticking around for a while....
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Cheap oil buoys consumers, shakes up global governments 2.2.2016 Seattle Times: Business & Technology

Cheap oil will be sticking around for a while. That reality is wreaking havoc and causing uncertainty for some governments and businesses, while creating financial windfalls for others. Less expensive crude is delighting consumers in some regions, while leading to widespread job losses elsewhere. Oil has fallen from $107 to around $30 in the past […]
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BP Earnings Plunge 91 Percent In 4th Quarter 2.2.2016 NPR News
Global oil and gas price drops have done a number on BP's net income, which fell to $196 million from $2.2 billion in the year-ago quarter. The company also plans to cut thousands more jobs.
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Energy sector leads another decline in stocks as oil falls 2.2.2016 LA Times: Business

Energy companies were leading an early decline on Wall Street as prices of oil and natural gas took another tumble.

Bank stocks were also getting beaten down early Tuesday as investors worried the banks could suffer fallout if loans to oil and gas companies went bad.

Several stocks were also moving...

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