At a time when the UK business community is pretty united in its outrage about the government’s move to turn the carbon reduction commitment into a tax, Eon UK’s head of energy policy has stepped out of line to say why she thinks the move might carry some benefit. Read more
- Regulator to probe pricing by UK energy firms – BBC
- Pemex looks to boost Gulf production with new contracts – FT
- Section of Gulf closed to shrimpers as tar balls found – Guardian
- Colombia to sell 9.9% of Ecopetrol – FT
- RWE Dea announces significant gas discovery in Egypt – WSJ (£)
- Oil tops $85as cold snap lifts energy demand – FT
- Asian interest in Canadian oil sands continues – Argus
- NYK Line eyes deep-sea oil drilling market – FT
- Bharat studying options to boost oil refining capacity – Bloomberg
- China’s reactor plans power up uranium – FT
- Regal shares leap following takeover talk – FT
- EU plans 2013 ban on disputed HFC carbon offsets – Reuters
- World is growing warmer, but pace slows – FT Read more
Many thanks for all your questions for Sara Vaughan, Eon UK’s head of regulation and energy policy. Her answers will appear on this site on Friday.
Next week, the executive facing a grilling by Energy Source readers will be Ditlev Engel, chief executive of Vestas, the world’s biggest maker of wind turbines. Read more
How much does Opec matter? This might appear a strange question to ask of the 12 countries who jointly possess about 80 per cent of the world’s known oil reserves, but the recent volatility of the oil market suggests the club may count for less than you might think. Read more
Just as world leaders prepare to board their chartered planes for Cancun, they are faced with the reality of what muddled government policy means for green investment.
I blogged yesterday on a survey by VB Research and Taylor Wessing about the green funding gap. The full report was released today, and contained within it were some hard facts and figures to back up what the executives were saying. Read more
- First wind cancels initial public offering – FT
- Clean energy funding slumps – FT
- Gas crunch looms in China – Argus
- Where is gas used next in China? Trucks and trawlers – Reuters
- China to get tougher in energy saving, say officials – China Daily
- Quito takes over Petrobras fields – FT
- BP made risky decisions before spill, says panel – Reuters
- Groups bid for UK petrol chains – FT
- UK parliament launches inquiry into shale gas – No Hot Air
- UN: Greenhouse gases highest since pre-industrial times – The Guardian/Reuters
- Massive solar project proposed in Illinois – Argus
- Fashion guru plans sunny new look for solar farms – The Times (£) Read more
In this week’s podcast: We look at movements in the coal industry as the US prepares to become the world’s most active market, we look at oil prices and the call from Opec’s secretary general Abdalla El-Badri for tighter regulations, we hear about the EU’s proposed target of cutting emissions by 30 per cent in part by looking to the food and drink industry and we discuss the upcoming consultations in the UK on the reform of the electricity market.
Botswana was once a darling of investors on the African continent. Long loved for its placidity and its diamonds, the world’s largest producer of the gem is now on the map of resource-hungry Brics for another resource: coal. Read more
BP marked a return to the deep water today – in Africa.
Seven months after its accident in the deep waters of the Gulf of Mexico, the UK oil group announced it has made a significant discovery in the deepwater West Nile Delta area in Egypt. Read more
There have already been some noises off between the UK government and the green energy industry over the green investment bank, the government’s proposed investment vehicle for funding clean energy projects. Apart from anything, many in the sector simply don’t think the £1bn promised by Chris Huhne, the energy secretary, is enough.
But another faultline opened up today at a briefing attended by both Sam Laidlaw, the chief executive of Centrica, and Huhne himself. Specifically, the pair seemed to be at odds over whether the green investment bank could be used to fund energy efficiency initiatives. Read more