Shell says $80 oil will halt debt rise
Oil group signalled that the steep rise in its debts is ending (FT)

Sinopec, TPG said to have weighed LyondellBasell bid
Move to challenge Reliance’s $10-12bn offer (Bloomberg)

Carbon will mature as inflation hedge
Green credit will replace oil and gold (Reuters)

Australians strike carbon deal
Hopes of playing a lead role at Copenhagen summit boosted (FT)

Canberra faces legal challenge on carbon scheme
Power groups to act if compensations won’t rise (FT)

Tories admit no new cash for green Isa
The shadow chancellor has not yet committed any new funding (FT)

China farmers face climate woes, says McKinsey (FT)
Tens of millions could face dramatic losses of income

EU competition officials raid CEZ offices
Czech energy utility suspected to have push up electricity prices (FT)

California unveils draft cap-and-trade rules
Effort to use the market to address global warming (Reuters)

Nuclear to add £40 to bills, says EDF
Move to persuade the private sector to build new stations (FT)

Energy Source

That old tune about Kurdistan, the oil province of tomorrow

CEO Interview: Eni’s tale of two (oily) challenges

Elsewhere

Encouraging signs in the oil and gas sector (The Press and Journal)

Fitch lowers Mexico’s credit rating (AP)

Shell in talks to picks up 10 per cent of Essar (Economic Times)

Why refinery shutdowns matter (FT Alphaville)

Iraq-Turkey oil pipeline halts pumping (Reuters)

Ghana already worrying about the end of oil (Ghana Live)

Uganda’s production sharing agreement with Tullow causes local debate (The Independent)

Clemson University gets $100m stimulus money to study wind energy (DealBook)

E-mail tirade boosts climate sceptics’ cause
Climate change deniers seize chance (FT)

Lex: A vitriolic climate
The debate over climate change is becoming more vitriolic by the week (FT)

Oil majors race to seal deals in Nigeria
Firms want to beat possible law what would raise tax (WSJ)

Lex: Reliance Industries / LyondellBasell
The move makes a lot of sense for the Indian giant (FT)

Heritage Oil backs out of talks with Genel
$6bn merger deal called off (FT)

Elsewhere:

US will announce plans for emissions reduction target at Copenhagen (Reuters)

Turning human and animal waste into energy in middle England (BBC)

Valero will permanently close Delaware city refinery (Bloomberg)

A C02 recycler enters the test phase – how it would work (Technology Review)

Corporate Britain not taking climate seriously, says report (Reuters)

Reliance to offer about $10bn for Lyondell
Scale of the bid highlights the growing confidence of Indian groups (FT)

Shell in talks to by 10% of Essar Oil
At current market prices, the stake would be worth $364m (Reuters)

Europe looks to lead green revolution
Future of manufacturing to revolve around green products (FT)

Lex: Fight to be eco top dog hots up
General Electric, Siemens and Philips have long been rivals (FT)

China Longyuan said to seek up to $2.3bn in IPO
China’s biggest wind power producer to sell 2.14bn shares (Bloomberg)

Business coalition calls for firm CO2 treaty
No action without a clear regulatory framework (FT)

Heritage to sell Ugandan fields to Eni
Deal worth about $1.3bn (FT)

On Energy Source:

Rio Tinto and Codelco’s pragmatic cooperation

Elsewhere:

Chinese refiners agree 12 per cent rise in Saudi oil imports, topping 1m barrels per day (Reuters)

Duke’s Jim Rogers slags off coal, reiterates support for nuclear (WSJ)

Entertaining review of the Chevy Volt hybrid (NY Times)

Oil prices fall for a second day (Bloomberg)

Green Londoners can recharge their electric cars at Sainsbury’s (Treehugger)

Scotland turns on wave energy device (BBC)