In this edition, natural gas coverage in Poll Finds Broad Support for Keystone Pipeline from The Wall Street Journal. The Christian Science Monitor has a piece from the other side of the debate: For Keystone XL foes, oozing Canadian crude in Arkansas spill is black gold. Also, 2 Major Air Pollutants Increase in China.
Quote of the Day:
“BP’s move will make some people nervous but I’m sure others will be thrilled to see a competitor exit. There’s too much development competition within the U.S.”
–Amy Grace, a New York-based analyst at New Energy Finance, in Bloomberg’s “BP to Sell U.S. Wind Business in Retreat to Fossil Fuels”
EU Carbon Fix That Boosts Power Prices ‘Stupid,’ UBS Says
A European Commission proposal to boost carbon prices as a way to spur investment in clean energy technology is misguided because it would push power costs to “unacceptable” levels, according to aUBS AG (UBSN) analyst.
**RKB — Two sides represented here despite one-sided headline.
Seamless exchange trading of top tier carbon credits now available through revolutionary partnership
Climate Action Reserve Press Release
The Climate Action Reserve, North America’s premier carbon offset registry, and Carbon Trade Exchange today announced a partnership that allows carbon market participants to seamlessly trade Climate Reserve Tonnes (CRTs) through a commodities exchange for the first time. The development signals strong growth in North America’s voluntary carbon market and potentially in California’s compliance carbon market, with over 12 million CRTs qualified to become Early Action Offset Credits in California’s market and more compliance-eligible credits being registered with the Reserve.
BP to Sell U.S. Wind Business in Retreat to Fossil Fuels
BP Plc (BP/), attempting to recover from an oil spill that may cost it $42 billion, said it will sell shares in wind assets Expiring Gas Contracts Offer Europe Chance to Renegotiate Pricesworth as much as $3.1 billion in the U.S. in another step to focus on its main oil and gas business.
**RKB — More coverage in Natural Gas section.
2 Major Air Pollutants Increase in China
The New York Times
In the first three months of this year, levels of two major air pollutants increased by almost 30 percent here in the Chinese capital, over the same period in 2012, according to a report on Wednesday by a Chinese news organization.
**RKB — Original article below, from China’s The Economic Observer
Beijing’s Major Air Pollutants Up Almost 30 percent in First 3 Months of 2013
The Economic Observer
In the first three months of this year, levels of nitrogen dioxide and PM10 in Beijing’s air increased by almost 30 percent compared to the same period last year, according to comments made by the head of the city’s environmental protection bureau yesterday.
Climate Change Future Suggested by Looking Back 4 Million Years
The last time the Earth enjoyedgreenhouse gas levels like those of today was roughly 4 million years ago, during an era known as the Pliocene. The extra heat of average temperatures as much as 4 degrees Celsius warmer turned the tropical oceans into a nice warm pool of bathwater, as noted bynew research published in Nature on April 4.
Poll Finds Broad Support for Keystone Pipeline
The Wall Street Journal
Anew poll out from the Pew Research Center shows broad popular support for the Keystone XL pipeline, a project that has become a flashpoint of contention between congressional Republicans and the Obama administration.
**RKB — More from Pew.
For Keystone XL foes, oozing Canadian crude in Arkansas spill is black gold
Christian Science Monitor
Thousands of barrels of Canadian crude spilled from an ExxonMobil pipeline in Arkansas Friday. Opponents of the proposed Keystone XL say the black goo in backyards makes their case.
FEATURE-Lights go out in Jordan as energy crisis bites
After midnight on one of Jordan’s busiest highways, only the beaming headlights of vehicles driving between the capital Amman and the Dead Sea pierce the gloom.
Running out of gas? Thailand struggles to avert energy crunch
The annual maintenance shutdown of gas fields inMyanmar doesn’t normally make headlines inThailand, but this year shows the failure of Thai electricity generation to keep up with economic growth.
Poorest nations vow to lead push for ambitious global climate treaty
The head of the UN’s climate change secretariat, Christiana Figueres, has praised the leadership of the Group of Least Developed Countries, after it signalled that it was willing to sign up to binding emission reduction targets as part of any new international climate treaty.
Complimentary EMA Member Webinar
Proposed Changes in the Regional Greenhouse Gas Initiative and the Potential Impacts
Tuesday, April 9, 2013
11:00am – 12:00pm EDT
Moderator: Gary Payne, Dominion
Presenters: James Hough, PSEG; Thad Huetteman, PEAR; Bill Shobe, University of Virginia
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
Emissions Rules Put Alternative-Fuel Vehicles in a Bind
The New York Times
THE Environmental Protection Agency’s latest proposed tightening of limits on sulfur in gasoline, and its previous rules, will most likely have the perverse consequence of retarding the development of cars running on batteries, advanced biofuels or hydrogen — all promising but expensive technologies that have not become mass-market products.
Will Abbott ‘axe the tax’?
Whilst few would doubt Tony Abbott’s determination to repeal the carbon pricing legislation, if the Coalition is elected this year, there are certain legal, practical and political impediments to implementing a repeal of the carbon price.
Capital Alternatives Group and Dubai Carbon Centre of Excellence sign a landmark agreement for the UAE carbon market
Capital Alternatives Group (CAG) has today announced a landmark partnership with the Dubai Carbon Centre of Excellence (DCCE) to supply Certified Emission Reduction carbon credits (CER’s) to businesses within the UAE.
Natural Gas/Coal/Alternative Fuels
Expiring Gas Contracts Offer Europe Chance to Renegotiate Prices
The Wall Street Journal
About two-thirds of the contracts governing natural-gas imports into the European Union will expire over the next decade, providing a window of opportunity for European governments and companies to renegotiate prices, said Fatih Birol, chief economist at the International Energy Agency.
BP to Sell U.S. Wind Power Business
The Wall Street Journal
LONDON–BP PLC is seeking to sell its U.S. wind energy business as part of efforts to refocus on oil and gas and position the company for growth in the future.
BP puts US wind arm up for sale as renewables retreat continues
BP has confirmed that it is looking to sell its US wind farm operation, accelerating its retreat from the renewable energy sector and hammering another nail in the coffin of its previous pledge to go “Beyond Petroleum”.
Corn-Price Drop Won’t Deter Sugar Buys for Ethanol, Vilsack Says
Corn’s 25 percent drop from a record reached in August won’t affect possible purchases of sugar for use in ethanol as the government tries to stem a sweetener glut, Agriculture Secretary Tom Vilsack said.
Trump Dismisses Scottish Consultation Over Wind Farms
Donald Trump, theNew York real estate billionaire building aScottish golf resort, said a planned consultation on how to protect mountain scenery inScotland from wind farms was a “weak ploy.”
Wavebob Shuts Down After Failing to Raise Funds, Find Partner
Wavebob Ltd., an Irish maker of marine energy technology, will be liquidated after failing to raise money and find a strategic partner to fund its continued development.
Giriraj of India Completes 33MW of Solar Capacity in Rajasthan
Giriraj Enterprises Ltd. ofIndia completed 33 megawatts of solar-power capacity, the most to be built under the nation’s Renewable Energy Credits mechanism.
JinkoSolar to Supply 115 Megawatts to South Africa Projects
JinkoSolar Holding Co. (JKS), the Shangrao, China-based panel manufacturer, agreed to deliver 115 megawatts of modules for two power projects inSouth Africa.
Inland U.S. oil refiners stung by renewable energy credits
Landlocked U.S. oil refiners short on capacity to blend ethanol are bracing for a spike in costs, unable to export their way out of a sudden rise in the price of renewable energy credits needed to comply with government requirements.
Bill Gates helps power up green battery maker
Bill Gates has become the latest investor to back an innovative new water-based battery technology, which promises to store power generated by intermittent renewable energy projects such as wind and solar farms.
The State of Green Business 2013 (Posted February 12, 2013)
Can the US Get There from Here? (Posted February 6, 2013)
The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)