Daily Archives: November 22, 2010

Kiran Stacey

Last week I wrote about the spike in Chinese demand for coal, which was driving a boom in coal M&A deals.

The phenomenon has not gone unnoticed by environmental campaigners, many of whom are quoted in a piece today in the New York Times.

The paper reports:

At ports in Canada, Australia, Indonesia, Colombia and South Africa, ships are lining up to load coal for furnaces in China, which has evolved virtually overnight from a coal exporter to one of the world’s leading purchasers.

Sheila McNulty

NRG Energy is taking a big chance with its decision to invest more than $10m to build a comprehensive electric vehicle-charging network across Houston, the energy capital of the world. Houston is such a big, sprawling city that coverage is going to have to be pretty good to make drivers feel confident enough to go out in their electric vehicles without having to be afraid of running out of juice before they can make it to the next charging station.

NRG makes it sound like the network will provide reasonable coverage. The programme it rolled out on Thursday will enable residents to obtain in-home chargers to compliment 50 charging stations in shopping centres, business districts and along all major highways from downtown to approximately 25 miles from the city center.

Kiran Stacey

- Toxic gas delays Pike River Coal rescue attempt – Argus

- Macquarie in gas tie-up with Freeport – FT

- Petrochina to increase diesel imports and boost refining – Bloomberg

- UK to launch North Sea review – The Telegraph

- BP media chief quits ‘on amicable terms’ – FT

- Green restrictions on gas ‘could endanger UK supply’ – The Telegraph

- California may penalise PG&E for fatal pipeline explosion – WSJ (£)

- Wind of change revives Harland and Wolff – FT

- Man in the news: Nat Rothschild – FT

- Global CO2 emissions drop 1.3%, say international scientists – The Guardian

- China feels heat of climate change rifts – Reuters

- China burns coal as others stop – NY Times

- Vietnam group eyes London secondary listing – FT

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