Quote of the Day

“That is the bridging point that we should all remember and sometimes not allow ourselves to be distracted by the tactical debates that go on between the two camps. Fundamentally, we are on the same side.”

Phil New, head of BP’s biofuels unit, in Reuters’ “Oil, biofuel companies evolve into uneasy ‘frenemies'”

Lead Stories

Oil, biofuel companies evolve into uneasy ‘frenemies’
Rapid growth in the U.S. biofuels markets has often pitted oil companies against small start-ups seeking a toehold in the gasoline markets, despite the need for both sides to work together, according to industry experts.

BP hires new emissions chief
Point Carbon
Oil major BP has hired a new global head of emissions, two sources at the London-headquartered firm told Point Carbon News on Wednesday.

Shell Weighs Natural Gas-to-Diesel Processing Facility for Louisiana
Wall Street Journal
Royal Dutch Shell RDSA -1.36% PLC is considering building a giant plant in Louisiana that would convert natural gas into diesel fuel, several people familiar with the company’s plans said.

Pickens Reviving Plans for Texas Wind Power at Smaller Scale
Billionaire T. Boone Pickens is building a 377-megawatt wind farm in Texas, three years after shelving plans for a project about ten times as big that would’ve been the world’s largest.

California Lawsuit Challenges Foundation of Next-Stage Carbon Offsets
Ecosystem Marketplace
Last week, two new challenges came into view for the carbon offsets program that underlies the United States’ first economy-wide GHG cap-and-trade program. Shortly after the California Air Resources Board announced it would delay the program’s first allowance auction, another first emerged – the first of perhaps many legal challenges to the ARB’s offset program design, and a challenge with implications for emerging offset programs around the world.

Trading Emissions Value Falls in Worst Case, Broker Says

Trading Emissions Plc (TRE), a developer of carbon credits from projects in developing countries, may be worth 79 percent less than its current share price suggests by the end of the year under a worst-case scenario published by Mirabaud Securities LLP.

Trash Saved by Waste Management Worth Up to $40 Billion
Waste Management Inc. (WM), the biggest trash hauler in the U.S., estimates the $12.3 billion it gets for carting off rubbish to landfills may be worth more than $40 billion a year in energy.

NASA and Nike reveal plan to tackle waste, the final frontier
Business Green
US space agency NASA is looking to identify “game changing ideas” that could revolutionise earth bound waste management systems in a way that aids future space travel.

Report reveals UK efforts to influence U.S, Canada climate policies

Point Carbon
The UK has spent almost 400,000 pounds over the past two years to influence U.S. and Canadian lawmakers to develop climate policies including carbon markets, government documents revealed on Wednesday.

Europe’s new airline rules anger Congress

The airline industry and some Republican allies say enough with the talk: It is time to take action against the European Union’s new emissions trading scheme.

The Carbon Trust’s footprinting exhibition – in pictures
From Tarmac to Tesco, the Carbon Trust has launched an exhibition to celebrate some of the companies that are pioneering and shaping the future of carbon footprinting and reduction. Madeleine Cuff went to talk to the organisers of the exhibition, which runs at the Future Gallery in London.


Alternate-Energy Group to Avoid Clean, Green in Campaigns
Clean-energy companies may benefit from a new political-action committee trying to bridge a policy divide that is playing out in ads featuring Solyndra LLC’s collapse and finger-pointing over high gasoline costs.

Durbin, climate experts urge action on global warming
An Illinois lawmaker and climate experts are sounding the alarm about global warming, saying we are already feeling the effects of it, and it will only get worse if drastic measures are not taken.

Durbin jumps big-time into global warming debate
Crain’s Chicago Business Greg Hinz blog
On the morning after a swarm of tornadoes took a big bite out of Dallas, U.S. Sen. Dick Durbin, D-Ill., waded waist-deep into a scientific debate over whether global warming is behind an apparent recent rise in such severe weather events.


Canadian oil sands output skids in March
Production at Canada’s biggest oil sands projects, run by Suncor Energy Inc (SU.TO: Quote) and Syncrude Canada Ltd, tumbled in March after unscheduled outages of major processing equipment, prompting investors to push the developers’ shares down.

Opinion:The Keystone XL delay was a gift to Canada

The Globe and Mail
Vladimir Putin spent much of 2008 in a dispute with Ukraine over the price of natural gas supplied by Gazprom, the state-owned Russian energy company. Negotiations culminated in early 2009, when, in a moment of brinkmanship, Mr. Putin briefly cut off supplies to Ukraine, through which Russia ships 80 per cent of its Europe-bound gas.


Austria to spend 160 million euros to close Kyoto gap
Austria will invest 160 million euros ($213.4 million) in climate protection projects in Europe to cover the gap it faces to meet commitments under the Kyoto Protocol, Environment Minister Nikolaus Berlakovich said on Wednesday.

RWE Gets Approval for First Part of $4 Billion Nordsee Wind Farm

RWE AG (RWE), Germany’s second-largest utility, won permission to begin building the first phase of what may become the country’s biggest wind farm at sea.

Accenture: Half of consumers mulling green energy products
Business Green
Nearly half of UK consumers would consider installing renewable energy technologies such as solar panels and heat pumps on their properties if offered by their electricity provider, but far fewer would be prepared to pay a premium for the service.

Government prepares blitz of clean energy announcements

Business Green
The government is preparing a blitz of clean energy announcements next month as part of a high profile summit that will see energy ministers from 23 countries gather in London to discuss measures to accelerate the development of the low carbon economy.

Government advisers: Aviation and shipping must be part of UK climate targets

Business Green
Any action other than bringing aviation and shipping emissions into the UK’s carbon budgets would represent a retreat from the country’s climate objectives, the government’s emissions watchdog will say today.


Australia to cut Climate Change Dept staff by a third
Point Carbon
Australia’s government will cut staffing levels at the Department of Climate Change over the next year, but the move will not affect the implementation of the planned carbon pricing scheme, a spokesperson for the country’s climate change minister said Wednesday.

Japan’s Utilities Seek Bigger Pieces of LNG Projects

Wall Street Journal
Japanese utilities are aiming to raise their stakes in natural-gas projects around the world, increasingly putting the country’s natural-gas buyers on the supply side.

Latin America

Chile top court OKs mega HidroAysen energy project
Chile’s Supreme Court said on Wednesday it rejected seven appeals filed against the $3.5 billion HidroAysen hydro-power project, clearing the way for the mega-dam project to go forward.

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