Daily Archives: August 19, 2010

Fiona Harvey

On a recent visit to Drax, the biggest coal-fired power station in the UK, I was struck by the cluster of 12 wind turbines that have sprung up just beside the water-vapour belching cooling towers.

Wind turbines by Drax

Picture by Press Association

The wind turbines do not belong to Drax – the company prefers to lower its emissions using biomass – but make a striking picture, situated so close to the coal plant.

The local people hate them.

You might have thought that people who have lived for decades with an enormous coal-burning power plant in their backyard would think nothing of a few little turning blades. No so. The wind developers faced a barrage of local opposition to their plans.

“You wouldn’t want those on your doorstep,” one local man said. “They’re an eyesore.”

FT Energy Source

Here’s the FT’s Lex on BHP Billiton’s $39bn offer for Canada’s PotashCorp:

A hostile bid in fertile territory, or fertile minds getting carried away? Industrially, BHP Billiton’s $39bn offer for Canada’s PotashCorp makes some sense. Demand for potash – used to improve crop yields – is robust, and PotashCorp is the largest producer, with more than a fifth of global mineral fertiliser capacity. The key word is “producer”.

To continue reading, please go to the website.

Masa Serdarevic

Elsewhere this Thursday:

- Iran gas ambition requires China to crack LNG secret

- “No more beating up on BP”: Mediator takes reins spill claims

- Whisky (biofuel) coming up!

- Leery of Washington, Alaska feasts on its dollars

- OPEC’s spare capacity: Will it disappear by the end of 2011?

- Finding new ways to fill the tank

Masa Serdarevic

- BHP turns hostile with $39bn Potash bid – FT

- Shell may spend up to $50bn in Australia over 10 years – Bloomberg

- Blackstone to invest $4bn in India – FT

- Vestas posts surprise loss and cuts outlook – Reuters

- Renewables investors fear withdrawal of subsidies – WSJ

- ENRC looks to extend Africa presence – FT

- Indonesia may cancel permits to save forest – Reuters

- Crude oil rises as Chinese equities gain, improving fuel demand outlook – Bloomberg

- Exxon abandons bid for Ghana stake – FT

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