Monthly Archives: October 2010

Kiran Stacey

It seems like Rick Boucher is not the only one being forced to fight for his political life over the cap-and-trade bill. Tom Perriello, another Virginia Democrat, is also coming under fire for his support of the bill. Read more

Kiran Stacey

Masdar city was meant to be the world’s first carbon neutral city. Based in Abu Dhabi, its creators envisioned a glittering city in the desert, entirely self-powered, and after the initial building stage, having no net effect on the world’s carbon emissions.
But earlier this month, the company confirmed it would cut up to $3.3bn from its budget after a 10-month strategy review. Last weeks, days after the results of the review were announced, I talked to the company’s CEO, Sultan al-Jaber, and the city’s director, Alan Frost, about their plans for the future. Read more

FT Energy Source

- Vestas to cut 3,000 jobs at wind turbine plants – FT
- Vestas uses downturn as an excuse to reorganise – FT Lex
- Peeling away the onion of Denmark wind energy – Master Resource
- EDF to buy Constellation nuclear stake for $249m – Bloomberg
- Higher output and prices push up TNK-BP sales – FT
- Shetland drilling could trigger spill worse than BP’s – The Telegraph
- Explorers endure bumpy ride for Falklands oil – FT
- Cairn fails to strike oil in Greenland – The Times (£)
- Abu Dhabi award oilfield contracts in $10bn onshore programme – Bloomberg
- California tax initiative may disrupt climate efforts – Argus
- Best to tune out the fanfare over Coal India IPO – FT Lex
- Navajos comes to grips with coal mining – NY Times Green blog Read more

Kiran Stacey

When Germany announced its plan to phase out nuclear power stations last month, shares in the big four German power companies rose. The agreement made with the German government would see Eon, RWE, EnBW and Vattenfall pay a nuclear-fuel rods tax of €2.3bn until 2016 – but the market had been expecting worse.
Today Moody’s has warned that the impact of the tax might yet force a downgrade of the companies’ credit ratings however. Read more

Kiran Stacey

With just a week to go until the US midterms, the narrative seems to have been set: the Republicans are going to do well because of anger at the Obama administration towards two things in particular: a lack of jobs and the healthcare bill.
But there may be another element at play which is feeding into this heady mix: the cap-and-trade bill. Read more

Kiran Stacey

Yesterday’s confirmation that the government would protect £60m of spending on port infrastructure gave an important fillip to the UK offshore wind industry.
But today the industry had much more worrying news from Vestas, the market leader in this area, who have decided to slash 14 per cent from its overall workforce, at a cost of 3,000 jobs. Clare MacCarthey reports from Copenhagen: Read more

FT Energy Source

- Dudley hits out at Gulf spill fear-mongering – FT
- Oil companies seek Gulf of Mexico permits – Dow Jones
- BP to sell four Gulf of Mexico fields – FT
- Sanctions on Iran hit BP gas field off Scotland – The Times (£)
- Coal India pricing reflects keen demand – FT
- In India, a reality check – Michael Levi
- US approves world’s biggest solar power project – Reuters
- South Africa unveils plans for ‘world’s biggest’ solar power plant – The Guardian
- Go ahead for wind to generate 70,000 jobs – FT
- New US standards aim at truck emissions – NY Times
- Workers at three French refineries to return as shortages continue – Bloomberg
- Curse of oil follows Ghana’s president – FT Read more

Kiran Stacey

After my earlier pessimistic (at least for green campaigners and those in low-carbon energy production) post on the hopes of setting a high and stable carbon price comes a very different message in a report from The Climate Institute in Australia. Read more

Kiran Stacey

Bob Dudley has been addressing the CBI today, making his first speech outside BP since becoming CEO last month. Read more

Kiran Stacey

The British government has finally announced what we have known for a while: that it will keep in place the £60m of investment pledged by the last government to improve infrastructure for offshore wind. Read more