Quote of the Day

“If we want to help people in New England have not only homes and businesses that emit less pollutants into the air, and therefore we would have cleaner air and also have lower-cost energy, let’s build out this natural gas system so that we can take advantage of that new, enormous source of American economic strength.”

U.S. Republican Presidential Candidate Mitt Romney in BusinessGreen’s “Climate rows intensify as US election year kicks off”

Lead Stories

Final Free CO2 Permits May Prompt Power Closures, Barclays Says
Bloomberg
The final grant of free-of-charge European Union carbon allowances to power utilities next month may be followed by a wave of fossil-fuel station closures, said a Barclays Capital analyst.
http://jlne.ws/zL4ml1
**JK – No more free permits but peanuts will still be handed out at board meetings without charge.

South Korean emissions bill risks delay

Point Carbon
South Korea’s plan to launch an emissions trading scheme in 2015 risks getting derailed if the government fails to get the bill through parliament ahead of April elections.
http://jlne.ws/AC0x9g

Air Ticket Prices May Increase by 3% on EU Carbon Plan, OAG Says
Bloomberg
The inclusion of airlines in the European Union’s carbon plan will cost the industry 3.5 billion euros ($4.5 billion) and may increase ticket prices by an average of 3 percent, aviation information provider OAG said.
http://jlne.ws/vZFrBs

**JK – 3 percent is exactly the amount of carbon the airline industry contributes to global CO2 emissions.

Calif budget to include CO2 auction revenue-Point Carbon
Point Carbon/Reuters
California Governor Jerry Brown said on Thursday his 2012-2013 state budget will assume $300 million to $600 million in revenue from the sale of CO2 permits. Speaking on the sidelines of a conference in San Francisco on the risks of climate change, Brown told Point Carbon that the state spending plan he will unveil next month will for the first time include the new revenue stream for California’s cash-strapped government.
http://jlne.ws/uZN5so

Climate rows intensify as US election year kicks off
Business Green
The extent to which the future of US environmental and climate change policy will be determined by the result of this November’s presidential election was underlined again last week as the leading Republican candidates stepped up their attacks on measures designed to protect the environment.
http://jlne.ws/zkUb1q

Fight Against EPA Orders Heads to Supreme Court
Wall Street Journal
In a case watched closely by energy companies and manufacturers, the Supreme Court is set to consider Monday whether to blunt one of the government’s chief tools for enforcing the Clean Water Act.
http://jlne.ws/yg9Kph

Supreme Court to Rule Monday on EPA Water Policy
Ecosystem Marketplace
Michael and Chantell Sackett say they had no intention of making a federal case out of anything when they started building a house on a half-acre lot near Priest Lake, Idaho, in 2007. The US Environmental Protection Agency (EPA), however, says the couple dredged and filled in a patch of wetland without a permit – a clear violation of the Clean Water Act.
http://jlne.ws/yOyqIY

A Coal-Fired Plant That Is Eager for U.S. Rules
The New York Times
As operators of coal-fired power plants around the country welcome a court-ordered delay on tighter pollution rules, the owner of a retrofitted plant here says that the rules cannot come too soon.
http://jlne.ws/y4yHQr

Environmentalists say ‘good riddance’
The Hill’s E2 Wire
Don’t look for many environmentalists to mourn the resignation of White House Chief of Staff Bill Daley, who was scorned by some activists for presiding over the controversial decision last year to scuttle tougher EPA smog rules.
http://jlne.ws/yphruP

Enron’s ‘Teflon Lou’
THEDAILY.COM
When the wheels came off at Enron 10 years ago, the smartest guy was nowhere near the room. Lou Pai, known as the company’s “invisible CEO,” famously cashed out millions of dollars in stock, married a stripper and decamped to a massive ranch in Colorado. But, it seems, the lure of the arcane energy derivatives market can be hard to resist.
http://jlne.ws/wR8pEt
**JK – An interesting but somewhat shallow profile of the man behind Element Markets. Would have been nice for him to tell his side of the story.

Louis Dreyfus Looks at Wind Power With EDF, GDF Suez, Echos Says
Les Echos/Bloomberg
Louis Dreyfus Armateurs SAS is talking to EDF Energies Nouvelles SA and GDF Suez SA about participating in a wind-power generating venture sought by the French state, Les Echos reported, without saying where it got the information.
http://jlne.ws/xfLXf4

RenewableUK slams Civitas wind power report as inaccurate and outdated
BusinessGreen
The renewable energy industry has today launched a scathing attack on a new study that argues the government should abandon its wind energy targets because the technology is ”inordinately expensive” and is hampering efforts to cut carbon emissions.
http://jlne.ws/A57eT9

Dubai Launches $3.27 Billion Solar Project

Wall Street Journal
Dubai on Monday launched a 12 billion U.A.E. dirham ($3.27 billion) solar-energy project that is expected to begin generating electricity by the end of 2013, as the emirate pushes to cut its carbon footprint and diversify away from its dependency on fossil fuels.
http://jlne.ws/yjJ8FH
**repeats in Middle East

Solarworld Planning China Anti-Dumping Case in Europe, CEO Says

Bloomberg
Solarworld AG (SWV), Germany’s largest solar-panel maker, plans to initiate anti-dumping proceedings against Chinese competitors in Europe, Chief Executive Officer Frank Asbeck said.
http://jlne.ws/yd93vr

Interior: Cuba-bound drilling rig ‘generally’ meets US standards
The Hill’s E2 Wire
The deepwater drilling rig that Spanish oil giant Repsol will use for planned oil exploration off Cuba’s coast is getting a clean bill of health from U.S. officials.
http://jlne.ws/ziqQrm

VW Premieres E-Bugster Electric Concept Car at Detroit Auto Show (100 Miles Range)
TreeHugger
Concept cars can be frustrating. They often contain good ideas, but often pushed too far; designers and engineers push the “conceptual” aspect too far and everything has to mean something.

http://jlne.ws/zInWO1

**JK – Ford is also boasting a 100+ MPG hybrid.

US


Ethanol Eats More Corn Than Cows as Herds Drop: Chart of the Day

Bloomberg
Ethanol refiners are consuming more of the U.S. corn crop than livestock producers and will remain the top users until at least 2014 as government mandates and exports boost fuel demand, according to North American Risk Management Services Inc.
http://jlne.ws/wNs4T1

Commentary: Insight in Iowa, or Oversight?
Barron’s
Ethanol protection ended Jan. 1, but a rational energy market still eludes U.S.
http://jlne.ws/xT1mSA

Carbon tax sour cream to WA dairy farmers
Farm Weekly
WA dairy farmers knew all along they would be hit hardest by the Federal Government’s carbon tax. Now it’s official. According to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) figures released last month, the tax will cost dairy farmers $8140 a farm, a year.
http://jlne.ws/yFkXAx

Gloves come off in another oil sands pipeline battle
The Hill’s E2 Wire
While the White House battles Republicans over the proposed Keystone XL pipeline, a fight over another oil sands pipeline is heating up in Canada this week.
http://jlne.ws/yic8Ux
**repeats in Canada section.

House to vote on bill that expands drilling to pay for infrastructure
The Hill’s E2 Wire
Speaker John Boehner (R-Ohio) said Monday that the House will vote on legislation in the coming months that would use revenue generated from an expansion of domestic oil drilling to fund infrastructure projects.
http://jlne.ws/yvRZSq

Canada


Gloves come off in another oil sands pipeline battle

The Hill’s E2 Wire
While the White House battles Republicans over the proposed Keystone XL pipeline, a fight over another oil sands pipeline is heating up in Canada this week.
http://jlne.ws/yic8Ux
**repeats in US section.

LETTER:
Natural Resources Minister Joe Oliver
An open letter from the Honourable Joe Oliver, Minister of Natural Resources, on Canada’s commitment to diversify our energy markets and the need to further streamline the regulatory process in order to advance Canada’s national economic interest.
http://jlne.ws/ADJzbi

Teck to Buy Oil-Sands Explorer SilverBirch for C$435 Million
Bloomberg
Teck Resources Ltd., the largest Canadian diversified mining company, agreed to buy SilverBirch Energy Corp. for about C$435 million ($425 million) to acquire the rest of the Frontier oil-sands project that it doesn’t already own.
http://jlne.ws/ztyDLm

‘Radical’ groups working against oilsands
CBC News
Environmental and other “radical groups” are trying to block trade and undermine Canada’s economy, Natural Resources Minister Joe Oliver said Monday.
http://jlne.ws/yocySp

Canada blasts foreign “radicals” opposing pipeline
Reuters
On the eve of public hearings into a proposed oil pipeline from Alberta’s tar sands to the Pacific Coast, the Canadian government lashed out on Monday at what it said were foreign-funded radical groups opposing the project.
http://jlne.ws/yct0oN


Europe

German Solar-Panel Installations Break Record in Rush to Beat Subsidy Cut
Bloomberg
Germany added a record amount of solar panels last year as developers raced to beat a subsidy cut in the world’s biggest photovoltaic market.
http://jlne.ws/zhxw1L

Solon Talks to ‘Handful’ of Potential Buyers as Bid Deadline Set

Bloomberg
Solon SE (SOO1), a German solar-panel maker in bankruptcy proceedings, is in talks with a “handful” of possible buyers as a bid deadline was set for the month’s end.
http://jlne.ws/Ag6U8O

Scotland poised to ink “landmark” Masdar clean tech deal

BusinessGreen
First Minister Alex Salmond will next week take a break from the escalating row over the timing of a Scottish independence referendum to travel to Abu Dhabi to sign a “landmark” clean technology partnership with the Gulf state.
http://jlne.ws/wPlrI2

Asia

Nuclear Power Corp Looks Overseas for Loans
Wall Street Journal
Nuclear Power Corporation of India Ltd. plans to raise overseas loans to part fund its two proposed nuclear power plants in India, an executive at the state-run monopoly said Monday.
http://jlne.ws/AbzwPg

India appoints ex-nuclear chief as new boss for Solar Mission

Business Green
ndia’s high-profile Solar Mission initiative took a major step forwards last week after prime minister Manmohan Singh announced he has appointed Anil Kakodkar, former head of the country’s nuclear programme, as the new chair of the recently launched Solar Energy Corporation of India (SECI).
http://jlne.ws/ydxQbb

Africa/Middle East

Dubai Launches $3.27 Billion Solar Project
Wall Street Journal
Dubai on Monday launched a 12 billion U.A.E. dirham ($3.27 billion) solar-energy project that is expected to begin generating electricity by the end of 2013, as the emirate pushes to cut its carbon footprint and diversify away from its dependency on fossil fuels.
http://jlne.ws/yjJ8FH
**repeats in Leads

Latin America

Ecuador’s November Oil Exports Down 5% On Month To 7.38 Mln Barrels
Wall Street Journal
Ecuador exported 7.38 million barrels of crude oil in November 2011, down 5% from 7.80 million barrels a month earlier, the Central Bank said.
http://jlne.ws/xR0yHU

Other

Spill Study Explains How Bacteria Cleansed Gulf
Wall Street Journal
A fortuitous combination of ravenous bacteria, ocean currents and local topography helped to rapidly purge the Gulf of Mexico of much of the oil and gas released in the Deepwater Horizon disaster of 2010, researchers reported on Monday.
http://jlne.ws/zeiyEW

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