On FT Energy Source:
- Falklands oil: The real question
- The climate battle‘s only just begun
- The most fuel cell hype since…
- Shell’s harsh words for Nigeria in Energy headlines
- Back to basics on the climate debate
- More evidence that peer pressure can encourage energy efficiency
- If the US stopped using coal tomorrow…
- Halliburton and the monster mergers
- California utilities under pressure to come clean, quickly
- Is Saudi Aramco really worth $7tn?
- Why small vehicles are great
- Drill baby, drill – where it makes sense
- How taxation chills low carbon investment
- Cellulosic ethanol was already commercialised… back in 1898
- California tilts towards cap-and-refund
The question of how to bear the cost of reducing greenhouse gas emissions is continuing to dominate climate change negotiations.
It’s a big issue. So big that the mere fact four key developing countries and the US managed to reach any kind of agreement – even a weak one – on some overarching principles, led a few commentators to point out that the Copenhagen meeting wasn’t a complete disaster.
But of course the agreement was weak – it lacked crucial specifics such as emissions targets. There’s still some time to reach a truly binding agreement before the Kyoto protocol expires in 2012 – but some key negotiators are beginning to sound pessimistic about the prospects this year.
It’s a big week for the Falkland Islands. A UK small oil company, Desire, began drilling in deepwaters about 100 miles north off the islands on Monday, and more British companies will begin drilling in the coming months.
The renewed interest in oil reserves have ratcheted up diplomatic tensions between Argentina and Britain over the Falklands. Yesterday, heads of state from every the Latin America and the Caribbean nations issued statements supporting Argentina’s claim over the Falkland Islands. Today, Argentina’s foreign minister Jorge Taiana, will meet with UN secretary general Ban Ki-Moon to press his country’s case for sovereignty.
Memories of the 1982 Britain-Argentina conflict are being revived, but the bigger question seems to be over whether the ‘wildcats’ about to drill in the area will make good on their bets.
Fuel cells hold a special place in the hearts of many energy optimists; and clean tech still doesn’t hit the mainstream media that often, so excitement (and scepticism) over start-up Bloom Energy is fairly understandable.
A segment on CBS’s 60 Minutes three days before the company’s first big press launch later today guaranteed at least a couple of days of speculative coverage. Much of the reason for the hype is the involvement of VC firm Kleiner, Perkins, Caulfield and Byers, an early investor in Google. And the less successful Segway.
Grizzled energy-watchers are harder to convince than the tech audience: even if one small company did make a transformative development, they tend to reason, the challenges of scale, grid upgrades, and other infrastructure challenges remain extremely difficult.