On Energy Source:
© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
It was almost the last United Nations negotiating session before December’s crunch conference in Copenhagen, but the Bangkok session, which began on September 28 and ended on October 9, finished with a whimper rather than a breakthrough.
There was still no agreement on the key issues of how far developed countries will pledge to cut emissions in the medium term, and how they will provide financial help to poor countries, which need assistance both to cut emissions and cope with the effects of climate change. Read more
Stopping the lights going out in the UK will take £200bn of new investment in the energy sector, the power regulator Ofgem has calculated.
This could lead to rises in energy bills of 60 per cent for consumers. Read more
BP says it may spend as much as $20bn in Iraq
UK oil group signed a preliminary contract with Iraq and China (Bloomberg)
Eon puts Kingsnorth plant on hold
German energy group says plant will probably not be operational until 2017 (FT)
Peak oil could hit soon, report says
Worldwide production could peak in the next decade (Guardian)
Climate talks end with dispute over abandoning Kyoto agreement
EU moving to kill Kyoto Protocol, says Saudi negotiator (Bloomberg) Read more