Daily Archives: August 10, 2010

Masa Serdarevic

A new panel of on global sustainability was revealed on Monday by Ban Ki-moon, United Nations’ secretary-general, asked to ”think big” about ways to “lift people out of poverty while tackling climate change and ensuring that economic development is environmentally friendly”.

Quite a task. Excuse the cynicism, but why not add world peace to the list? Just for good measure.

The 21-person unpaid panel is a mix of serving and former leaders and ministers, including Han Seung-soo, former prime minister of the Republic of Korea, and Sheikh Abdallah Bin Zayid Al Nahayan, foreign minister of the United Arab Emirates, as well as representatives from the private sector and civil society from developed and developing countries.

FT Energy Source

The FT’s Lex has just published a new column on BP:

BP is dead; long live BP. The leak at the Macondo oil well in the Gulf of Mexico has been plugged. The group has announced a $32bn charge against the cost of the incident, a new chief executive from October 1, and plans to dispose of up to $23bn of assets on top of last month’s $7bn sale to Apache. The news on the scale of the damage has been good, and the tide of reputation-sapping developments seems to have turned. BP can begin to reinvent itself. So why is its share price becalmed?

To continue reading, please go to the full article.

FT Energy Source

Shareholders in International Power are set to receive a 92p-per-share special dividend following the announcement of a takeover by France’s GDF Suez that would create one of the world’s biggest independent power generators. Sylvia Pfeifer, energy editor, talks to Daniel Garrahan about whether GDF has overpaid and what the deal means for both parties.

Masa Serdarevic

Elsewhere this Tuesday:

- Big oil has replaced big tobacco in the bulls eye of America’s vitriol

- The future of natural gas prices – permanently lower due to disruptive technology?

- Insurance companies find there are greenbacks to be made in green techs

- Can US refiners maintain strong 2nd quarter performance?

The necessity of smart grids

- Particle accelerators could work as power generators

Masa Serdarevic

- Costs of BP oil spill increase to $6bn - FT

- US and BP near deal on fund – WSJ

- Anadarko looks beyond spill with $2bn issue – FT

- International Power and GDF boards approve deal – FT

- China’s crude imports fall from record – Bloomberg

- Higher oil prices lift Dragon despite dip – FT

- Atlantic hotter than before Katrina, boosting storm forecasts – Bloomberg

- Audit partially clears Indonesia’s SMART on green claim – Reuters

- Sicilians mobilise against offshore drilling – FT

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