Daily Archives: February 24, 2010

Kate Mackenzie

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

Further reading:

- 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
 Read more

Kate Mackenzie

The question of how the cost of reducing greenhouse gas emissions is continuing to dominate climate change negotiations.

It’s such a big issue that the mere fact that the 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. Read more

Kate Mackenzie

It’s a significant 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 sparked up old tensions between Argentina and Britain over the Falklands. Yesterday, countries in Latin America and the Caribbean issued statements saying that they supported 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.  Read more

Kate Mackenzie

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, the challenges of scale, grid upgrades, and other infrastructure challenges remain extremely difficult.  Read more

Kate Mackenzie

Shell warns Nigeria of risk from reforms (FT)

Regional backing for Argentina’s Falklands claim (FT)

Drax sees no end to economic gloom (FT)

Warning issued on UK oil and gas reserves (FT)

Republicans criticise greenhouse gas plan (Bloomberg)

Dutch companies link managers’ pay to green credentials (FT)

Total expects refinery agreement today, unions urge end to strike (Bloomberg)

Shale gas drilling moves north to Canada (Dow Jones)

US backs plans for biggest ever solar plant (USA Today)

Australian ETS vote could be delayed by months (SMH)

Oil Search warns of Asia LNG glut (Asia Pulse)

Total to invest $20bn with Nigerian project partners (Dow Jones)

Dragon piles cash for oil and gas buys (FT)

Google gets go-ahead to buy, sell electricity (VentureBeat)

Q-Cells shares rise after cash reserves climb above target (Bloomberg) Read more