Daily Archives: December 3, 2010

Kiran Stacey

Yesterday Desire Petroleum’s shares jumped more than a quarter, which can only mean one thing: oil in the Falklands.

As The Times reported (£):

In an announcement that could exacerbate tensions over the islands’ sovereignty with Argentina, Desire said that its offshore Rachel North well had been drilled to a depth of more than 3 kilometres and discovered a 57-metre thick belt of oil interspersed with layers of sand and shale.

Sheila McNulty

Even as the world’s oil and gas companies continue to tap into Canada’s oil sands, the movement against using the carbon-intensive fuel generated from them continues to grow. ForestEthics, which has been campaigning against the use of oil sands-generated fuel, says it now has 10 companies who have publicly taken action against the use of oil sands or other high-impact fuels.

The campaign has some big names involved. And some of the comments made by those signing up are quite strong. Tod Arbogast, Avon’s vice president of sustainability and corporate responsiblity, said in a letter to the cosmetic company’s transport and logistics service providers:

We are particularly concerned about the risks that climate change poses to the global economy and to our individual businesses. While we are taking many steps to reduce our carbon footprints, we are eager to include our supply chain partners in this effort…

We would like to work with you, our service providers, to improve the environmental footprint of our supply chain.  We feel that significant steps can be made in avoiding high carbon, high impact fuels (for example, those from tar sands), eliminating unnecessary miles, improving efficiency, shifting services to lower carbon modes and sourcing low carbon fuels. We believe that additional action to reduce carbon emissions from our transportation services is urgently required.

Kiran Stacey

Picture by Vestas

Picture by Vestas

In this week’s readers’ Q&A session, Ditlev Engel, CEO of Vestas, the world’s biggest wind turbine manufacturer, answers your questions on the future of wind power.

In the second of two parts, he talks about whether wind power is inefficient and the impact of the recession on Vestas.

Next in the hotseat is Yvo de Boer, the former head of the UN’s climate change body and the man who led the UN at Copenhagen. He is now an advisor at KPMG and will be answering your questions on this site next Friday, December 10th. Send in your questions for consideration by the end of Monday, December 6th to energysource@ft.com.

But for now, over to Ditlev:

Kiran Stacey

Picture by Vestas

Picture by Vestas

In this week’s readers’ Q&A session, Ditlev Engel, CEO of Vestas, the world’s biggest wind turbine manufacturer, answers your questions on the future of wind power.

In the first of two parts, Ditlev defends his industry’s government subsidies, explains his company’s decision to axe 3,000 jobs and discusses the major global obstacles to developing wind energy.

In the second part, to be published later this morning, he will talk about the inefficiencies of wind power and the impact of the recession on Vestas.

Next in the hotseat is Yvo de Boer, the former head of the UN’s climate change boyd and the man who led the UN at Copenhagen. He is now an advisor at KPMG and will be answering your questions on this site next Friday, December 10th. Send in your questions for consideration by the end of Monday, December 6th to energysource@ft.com.

But for now, over to Ditlev:

Kiran Stacey

The boss of the world’s biggest wind turbine manufacturer, Vestas, has warned that the wind energy sector in Europe remains fairly stagnant, in remarks that deal a blow to governments’ hopes of constructing new industries around renewable technologies.

Answering Energy Source readers’ questions, Ditlev Engel warned of a “lack of momentum in Europe”. He said:

We have, so to speak been holding our breath for a very, very long time in this region – and not by accident.

But today, when almost all countries in the area are struggling to get their economies back together, we must face the fact that uncertainty – even by 2011 – will remain significant around Europe.

FT Energy Source

- Cheney faces Nigeria charges – FT

- Nigerian oil union on strike at Exxon unit – Bloomberg

- China considers $1.5 trillion strategic industries boost – Reuters

- Chevron selling gas field stake to Sinopec – FT

- Oil find brightens outlook for Falklands – The Times (£)

- Shell sponsors climate change exhibition – FT

- EPA marks its 40th birthday – NY Times Green blog

- API warns of chaos over new GHG permit rules – Argus

- Oil trading group Gunvor denies Putin links – FT

- Ukraine’s Firtash questioned over mafia ties – FT

- Cleantech ventures see plunge in funding – WSJ (£)

- Ocean power to wave goodbye to Aim – FT

- Snow brings fears of UK fuel shortage – FT

Cancun news: day five

- Cancun feud hits climate deal talks – FT

- EU funding offer sparks anger at Cancun – EU Observer

- China turns negotiating tables on US at stalled climate talks – Bloomberg

- Climate coalition seeks flexibility from COP16 – Argus

- Is God determined to prevent a deal? – George Monbiot, The Guardian

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