Ed Crooks The Source: Abu Dhabi goes nuclear; China goes for electric cars; US Senate votes on clean energy costs; Conoco; oil sands; Russia/Ukraine

On Energy Source

Europe’s greenhouse gas emissions fall, along with emissions permits

…but carbon prices may rise in the next decade

Oil exports from the Kurdish region of Iraq may be close


The US is backing Abu Dhabi’s bid to develop nuclear power, showing Arab and other countries that they can develop civil nuclear programmes with the blessing of the US, so long as they do not move on into military capability. Iran take note. And as a spin-off, Abu Dhabi’s plans are creating $20bn worth of contracts for nuclear negineering groups (WSJ)

China aims to be a world leader in electric cars, making a virtue of a liability. It is behind the United States, Japan and others in petrol and diesel cars, but by skipping the current technology, China hopes to get a jump on the next (NY Times)

…while the US auto industry is still fighting to block the growth of biofuels (Platts)

Bad news for hopes of emissions reduction legislation in the US. A Senate vote calling for the clean energy legislation not to “increase electricity or gasoline prices or increase the overall burden on consumers” passed by 54 votes to 43 (Grist)

That is cheering news for producers in Canada’s oil sands, who could be side-swiped by US climate change legislation (Calgary Herald)

The EU’s emissions trading scheme is showing signs of working (NY Times)

Steven Chu appreciates the challenges created by abandoning the plan for a new nuclear waste site at Yucca Mountain (Platts)

ConocoPhillips has said its first quarter benefited from rising production but was hit by lower margins (ConocoPhillips)…. and it has restructured its management, again (Houston Chronicle)

Russia is still grousing about the recent EU / Ukraine gas transit deal (EU Business)

Iceland has remained calm about the UK’s attempt to seize the mineral wealth of Rockall (Guardian)

And finally, a day late, Al Gore admits: “The jig is up” (Christian Science Monitor)