Germany prohibits oil companies from using previous emission credits to support the biofuel industry
German cabinet approved Wednesday reforms that will prevent oil companies from transferring excess credits for emissions reductions. This is a move to boost the biofuels industry, which has been hit hard by the rapid drop in carbon prices over recent years. According to the current law, oil companies are required to reduce their carbon footprint of their fuels gradually…
GIC and Macquarie are interested in selling a $2 billion stake in EDC Philippines, according to sources
Two sources familiar with the matter have confirmed that Macquarie and GIC are considering selling their roughly 30% stake in Energy Development Corp. (EDC) of the Philippines, a deal which could bring in $2 billion. Sources who declined to identify themselves because the discussions are private said that they were in preliminary discussions with advisors, and that no decisions had been taken.
Southeast Asia must increase investments by five times to achieve climate goals by 2035, according to the IEA
International Energy Agency stated on Tuesday that Southeast Asia must increase its clean energy investment to $190 billion by 2035, or five times current levels, to achieve climate goals. The IEA stated in a recent report that increasing energy investments must be accompanied with strategies to reduce emissions at the relatively new fleet of coal-fired power plants.
Edison International says that California's climate goals will be met only with more clean energy. Edison International CEO says
Edison International's chief executive told reporters on Wednesday that to fully decarbonize California's electric grid, it will be necessary to use more clean energy sources, such as advanced geothermal, natural gas, and carbon-captured natural gas. California, the most populous state in the United States, has set itself a goal of producing zero net emissions through its electrical grid.
China's LNG Imports Hit Record High
China's imports of liquefied natural gas (LNG) in November surged to a new record as the country briskly promotes the green fuel to clean its energy mix, said a report in Xinhua.In November, LNG imports totaled 5.99 million tons hitting a new record, rising 48.5 percent year-on-year, according to figures from the General Administration of Customs released over the weekend.
TransCanada Urges U.S. to Help Gas Pipeline Approvals
The United States should help the natural gas industry overcome environmental challenges to new pipeline projects by adjusting regulations or adopting new laws favoring infrastructure, an executive at TransCanada Corp said at a conference this week. Suppliers in the United States, the world's biggest natural gas producer, have…
Wind Energy Development Offshore North Carolina Gets a Boost
As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced a proposed lease sale for 122,405 acres offshore North Carolina for commercial wind energy leasing.
Climate Policies Won't Strand Oil & Gas: Kemp
Fossil fuel-producing companies have been thrown onto the defensive over the last two years by the argument that many of their reserves will be "stranded" as the world transitions to cleaner forms of energy. Climate campaigners claim a large percentage of already known oil, gas and coal reserves must remain unburned if the rise in global temperatures is to remain below two degrees Celsius.
Climate Policies Will Not Strand Oil and Gas Reserves
Fossil fuel-producing companies have been thrown onto the defensive over the last two years by the argument that many of their reserves will be "stranded" as the world transitions to cleaner forms of energy. Climate campaigners claim a large percentage of already known oil, gas and coal reserves must remain unburned if the rise in global temperatures is to remain below two degrees Celsius.
Plan to Develop Wind Energy Offshore Hawaii Announced
As part of President Obama’s Climate Action Plan to create American jobs, develop clean energy sources and cut carbon pollution, U.S. Secretary of the Interior Sally Jewell today announced the first step to support wind energy development in federal waters offshore Hawaii, by issuing a call for information and nominations to…
BOEM Approves Virginia’s Offshore Wind Research
The Bureau of Ocean Energy Management (BOEM) announced its approval of the first wind energy Research Activities Plan (RAP) for a facility to be located in U.S. federal waters, as part of President Obama’s Climate Action Plan to create American jobs, develop clean energy sources and cut carbon pollution. Last year, BOEM awarded a research lease to the Virginia Department of Mines…
BOEM Pushes Wind Energy Development Offshore NY
As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, U.S. Secretary of the Interior Sally Jewell and Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper today announced a major step in spurring wind energy development in federal waters offshore New York.
Offshore Wind Energy Within Reach for North Carolina
As part of President Obama’s Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Bureau of Ocean Energy Management (BOEM) today announced it completed an important environmental review, allowing BOEM to move forward with its process for considering a renewable energy lease sale offshore North Carolina.
Britain Funding South African Carbon Trading Scheme
Britain will expand funding for a program to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions. The British High Commission in Pretoria last week said it will fund a pilot emissions trading program from next year to help companies prepare for a 120-rand-per-ton ($11.21) carbon tax that is expected to come into force in 2016.
Stricter EPA Rules Could boost Nuclear Sector
U.S. environmental regulators could throw a lifeline to the nation's ailing nuclear power fleet when they unveil landmark carbon pollution curbs next week, heeding calls from operators like Exelon Corp to acknowledge nuclear energy as a valuable way to reduce emissions. The Environmental Protection Agency is due on Monday to release a plan to slash pollution from the power sector…
BOEM to Review Wind Energy Demonstration Project Offshore Oregon
As part of the Obama Administration's Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Bureau of Ocean Energy Management (BOEM) announced today that it is seeking public comment as it prepares an Environmental Assessment (EA) to analyze potential impacts of a proposed wind energy demonstration project offshore the coast of Oregon.
BOEM Seeks Comment on Proposed Energy Research
As part of the Obama Administration's Climate Action Plan to create American jobs, develop domestic clean energy sources and cut carbon pollution, the Bureau of Ocean Energy Management (BOEM) announced today that it is seeking public comment as it prepares an Environmental Assessment (EA) to analyze potential impacts from proposed wind energy research activities offshore Virginia.
Oregon Offshore Wind Project: Key Step Forward
On the heels of President Obama’s State of the Union address where he laid out actions to move the economy toward clean energy sources, reduce carbon pollution and create jobs, Secretary of the Interior Sally Jewell has announced an important step forward for the first offshore wind project proposed for federal waters off the West Coast.
