Today’s edition features companies’ initiatives, such as Toyota’s ambitions with fuel-cell cars, to address climate change. It is high time: the Risky Business Report, released yesterday, shows that business and governments alike need to act – NOW.
Quote of the day
“This is the start of a long challenge to make hydrogen a standard feature in society and to make the fuel-cell vehicle an ordinary automobile”
Toyota Executive Vice-President Mitsuhisa Kato, in the Reuters’ story Japan bets big on making fuel-cell cars a near-future reality
Koch to Start EU Power Trading as It Plans LNG Expansion
Anna Shiryaevskaya, Bloomberg
Koch Supply & Trading, a unit of Koch Industries Inc., will start buying and selling European electricity and expand its liquefied natural gas business to take advantage of a globalizing market for the fuel.
***LB: Also in this story “The company will expand into Turkey and the Caspian region in 2015 and open an office in Tokyo for its LNG business this year”
Japan bets big on making fuel-cell cars a near-future reality
Yoko Kubota and Maki Shiraki, Reuters
Japan’s government and top carmakers, including Toyota Motor Corp, are joining forces to bet big that they can speed up the arrival of the fuel cell era: a still costly and complex technology that uses hydrogen as fuel and could virtually end the problem of automotive pollution.
Merkel to push back against EU if green energy support questioned
Chancellor Angela Merkel said on Wednesday she would push back decisively against the European Commission if it raises further objections to Germany’s system of green power subsidies.
Deadline for green computers in Europe draws near
Dan Worth, V3.co.uk for BusinessGreen
Hardware manufacturers such as Dell, Lenovo and HP must ensure new laptops and other devices adhere to new energy-efficiency guidelines when legislation comes into force across Europe on 1 July.
House passes pipeline permitting bill
Cristina Marcos, The Hill
The House on Tuesday passed legislation that would eliminate the requirement that oil and gas pipelines that cross U.S. borders with Mexico or Canada obtain a permit authorized by the administration.
***LB: Also in this story “Under the bill, developers would be required to obtain a “certificate of crossing” for oil pipelines and electric transmission facilities that cross the border with Mexico or Canada instead of a presidential permit.”
Republicans push Keystone vote in Senate
Laura Barron-Lopez, The Hill
Sen. John Barrasso (R-Wyo.) said Tuesday that Republicans are trying to push for a vote on the Keystone XL pipeline, after an up or down vote on the pipeline collapsed under Senate debate in May.
***LB: Also in this story “Republicans will ask Senate Majority Leader Harry Reid (D-Nev.) to allow an up or down vote on the pipeline, which passed out of the Senate Energy and Natural Resources Committee last week.”
Risky Business Report Shows Need to Act on Climate Change
Janet Peace, C2ES (Center for Climate and Energy Solutions)
You expect a business leader to keep a close eye on the bottom line and to act when a threat is clear.
Good Progress On Climate Action Plan But Further To Go
Michael Tubman, C2ES (Center for Climate and Energy Solutions)
A year after President Obama announced a comprehensive plan to address climate change, clear progress is being made. A C2ES status report on the president’s Climate Action Plan notes at least some progress on most of the plan’s 75 goals.
Federal climate change report warns of economic, health impacts
Les Whittington, The Star.com Canada
Canadians can expect more floods, storms and other damaging extreme weather events as global warming inevitably gets worse, says a federal government report that also says governments are lagging in efforts to adapt to this climate change shift.
***LB: Also in this story “The rate of warming in Canada is double the global average, the study says.”
Taking Effective Action Against the Unstoppable
Eduardo Porter, New York Times
Climate change is not an event in your children’s future. It is bearing down upon you now.
EMA’s 18th Annual Meeting
Join the Environmental Markets Association and environmental industry professional for two days of dynamic sessions, two nights of networking receptions, and countless opportunities to increase your business contacts.
October 22 – 24, 2014
Santa Monica, CA
FT European Gas Summit
The FT European Gas Summit brings together leading and aspiring gas suppliers from around the globe, as well as energy industry experts, commentators and government decision makers to review the potential barriers to new gas supplies for Europe, and the impact on the region’s economic competitiveness. The summit will be chaired by Guy Chazan, Energy Editor, Financial Times.
23 October 2014
Natural gas / coal
Japan’s Chubu plans to buy stake in U.S. shale gas field
Osamu Tsukimori, Reuters
Chubu Electric Power Co , the world’s third-biggest liquefied natural gas (LNG) buyer, is seeking its first stake in a U.S. shale gas field as a hedge against planned purchases from the Freeport LNG project in Texas, the company said.
UK’s Velocys buys U.S. gas-to-liquid developer
Gas-to-liquid technology developer Velocys Plc has acquired U.S.-based Pinto Energy for an undisclosed sum, the British company said on Wednesday.
NZ’s Contact Energy says to buy gas from Genesis
New Zealand’s largest listed power company Contact Energy on Wednesday said it had entered an agreement with Genesis Energy to buy gas from January 2015.
Japan considers restarting nuclear reactors. Could it hurt US liquefied natural gas suppliers?
Nick Cunningham, Christian Science Monitor
The window of opportunity for new liquefied natural gas (LNG) suppliers in the US is beginning to close, and it is not because of slow permitting from the government.
Manchin, Whitehouse to talk climate, coal on Senate floor
Laura Barron-Lopez, The Hill
Sens. Joe Manchin (D-W.Va.) and Sheldon Whitehouse (D-R.I.) will take to the Senate floor Wednesday evening to talk climate change and coal energy policies in the U.S.
Heritage urges ‘yes’ votes on gas exports
Timothy Cama, The Hill
The conservative Heritage Action for America has identified the House bill to expedite liquefied natural gas (LNG) export applications as a “key vote” and is urging representatives to approve it.
Old coal mines set to be transformed into solar farms
Will Nichols, BusinessGreen
Huge solar farms are set to transform former collieries into green energy powerhouses providing low carbon electricity for around 10,000 homes.
AGL Cleared to Buy Australia Power Plants for A$1.51 Billion
James Paton, Bloomberg
Australia’s competition tribunal cleared AGL Energy Ltd.’s A$1.51 billion ($1.41 billion) deal to acquire government-owned power plants in the nation’s most populous state, overturning a regulator’s decision.
Alsons Consolidated Plans Hydroelectric, Solar-Power Projects
Cecilia Yap, Bloomberg
Alsons Consolidated Resources Inc. plans to build at least 180 megawatts of hydro- and solar-power capacity as the oldest electricity generator on the Philippine island of Mindanao adds renewables to its energy sources.
Rooftop Solar Leases Scaring Buyers When Homeowners Sell
Will Wade, Bloomberg
Dorian Bishopp blames the solar panels on his roof for costing him almost 10 percent off the value of the home he sold in March.
British offshore wind energy fund launched
The British government-backed bank that focuses on green energy projects is launching a new fund. It is dedicated to buying stakes in offshore wind energy in the UK.
Germany Sets Three National Solar Records in Two Weeks
Andrew Burger, Triple Pundit
A core facet of Chancellor Merkel’s historic “Energiewende” clean energy transition, Germany has led the world in driving adoption of solar energy technology and systems.
POD Point to lease electric car chargers
POD Point will lease electric car chargers to businesses under what it called a “huge first” for the electric vehicle (EV) industry.
Tesla Is Future for Favreau Amid Ultimate Machines: Cars
Alan Ohnsman, Bloomberg
After Elon Musk let filmmaker Jon Favreau use his rocket factory to shoot some scenes for “Iron Man 2,” Favreau figured he owed his friend a favor. So he bought one of Musk’s cars.
Fat Tire brewery pours out praise for EPA rule
Timothy Cama, The Hill
The brewery that makes the Fat Tire brand of beer supports the Environmental Protection Agency’s (EPA) effort to redefine which bodies of water are under its jurisdiction, a proposal that opponents have labeled a “land grab.”
What Climate Change Looks Like on Your Front Porch
Rebecca Leber, New Republic
If you are like the typical American, then you think climate change is a real problem, but you’re not clamoring for action.
Half of the World’s Population will be Exposed to Frequent Still Air Events by End of 21st Century
Nature World News
Climate change might worsen air pollution, researchers at Stanford said.
Could 2014 Become the Warmest Year on Record?
Andrea Thompson, Climate Central
Even though the year is only halfway over, a series of warm months — including the warmest May on record, announced Monday — paired with a brewing El Niño, have set one question circulating: Could 2014 take over the title of the warmest year on record?
Sustainable development goals face $2.5 trillion funding shortfall
Sophie Yeo, Global Climate Change and News Analysis
The World Investment Report 2014, which the UN launched today in Nairobi, found that between $3.3 trillion and $4.5 trillion would be needed in the developing world to deliver the goals as they appear in drafts so far.