Jim Mulva, ConocoPhillips’ chief executive, says that the unlimited liability some are proposing in Congress to punish operators for further spills in the Gulf of Mexico is inappropriate. That would raise the question of how many of the smaller companies operating in the Gulf could afford to get back out there to work following the lifting of the moratorium and even whether the risk reward equation would favor going out into the waters again for the biggest of companies. He said to analysts:
We will not develop the resources if we have that situation.
It may have sounded like a threat, but it is also a realistic assessment of the situation. Read more
A report from the NOAA in the US has found that data from ten key climate indicators all point to the same finding: the scientific evidence that our world is warming is unmistakable.
It is the first major piece of new research since the “Climategate” scandals. Read more
In the UK’s first ever annual energy statement, Chris Huhne, UK energy and climate change secretary, asked researchers, industry experts and members of the public a series of questions about the country’s energy priorities. The answers to these questions, he announced, will help form the basis of Britain’s pathway to energy security by the year 2050.
In line with David Cameron’s “Big Society” idea, the annual statement is accompanied by a “Call for evidence” and a software, essentially an excel spreadsheet, which models energy supply and demand to show alternative energy policy scenarios. The package is the government’s attempt to raise public support for the upcoming energy policy that will be announced later in the year.
But the spreadsheet currently does not contain any information on costs of any of the technologies, which is essential for the decision-making process that would shape public opinion on the subject. This crucial omission makes the tool ineffective for policy-makers and members of the public seeking to engage with Britain’s energy policy. Read more
Everyone has known for some time that renewables are not the priority for the US that they once were. Nonetheless, the latest data from the American Wind Energy Association (AWEA) reveals just how far back the country has slipped in its efforts to move toward a clean energy future. Read more