Daily Archives: September 20, 2010

Green groups are worried that one casualty of the autumn spending review will be the “feed-in tariff” that allows anyone generating alternative energy to sell it back to the grid. It’s not that they believe the coalition would scrap it, given their various commitments to the agenda. Read more

Kiran Stacey

I’ve just received a note from Michael Hewson at CMC markets, summing up the day’s market activity. In it he says:
BP is up on the news that the Macondo Well in the Gulf of Mexico has finally been sealed thus hoping that another line can be drawn under this long running saga.
Makes sense. Except for the fact that, well, it’s not really true. BP is currently up 1.7% while the FTSE as a whole is up… 1.7%. No outperformance there then.  Read more

Sylvia Pfeifer

It’s a big milestone but it’s not the end of the story.
152 days after the accident on April 20 in the Gulf of Mexico which killed 11 workers and led to the worst environmental disaster in US waters, BP on Sunday finally sealed its ruptured Macondo well. Read more

FT Energy Source

From today, Energy Source will bring you the day’s top news stories, commentaries and blogs in one morning post entitled ‘Energy headlines’
- BP oil spill well effectively dead, says US – FT
- BP leak just a bump in the road for the oil industry – FT
- Dudley faces fight for right to drill in Gulf – Bloomberg
- BP says spill compensation rate soars – Reuters
- Gulf oil spill by numbers – LA Times
- Oil tankers show signs of new global economic slowdown – The Times (£)
- California officials question PG&E on riskiest pipelines – WSJ
- Sinochem waits patiently in Potash drama – FT
- The UN doesn’t understand climate change – Michael Levi
- A threat to California’s climate change progress – NYT Green Blog Read more