Quote of the Day

“[The ETS issue] started out as a discussion over environmental legislation but is turning into a trade conflict.”

Airbus spokesman in The FT’s “Delay EU carbon levy, says air industry”

Lead Stories

Delay EU carbon levy, says air industry
Financial Times
Seven of Europe’s leading aviation companies have joined forces to warn the European Union’s plans to charge for carbon pollution are jeopardising 2,000 jobs and billions of dollars of orders from China.
http://jlne.ws/y7folY

Airbus blames EU carbon trading row for falling Chinese orders
Business Green
Aerospace and defence giant EADS has said China is blocking the purchase of 10 Airbus planes due to the EU’s plans to charge airlines for carbon emissions.
http://jlne.ws/xkGuv4

China Hasn’t Stopped Airlines From Buying Airbus Planes: CAAC
Bloomberg
The Chinese government hasn’t issued any mandate forbidding the nation’s airlines from buying Airbus SAS planes and won’t dictate the carriers’ purchases, said Li Jiaxiang, head of the Civil Aviation Administration of China.
http://jlne.ws/wEoUrA

GE rejects Republicans’ climate change doubts
Financial Times
General Electric has brushed aside the doubts leading Republican presidential contenders have raised about climate science.
http://jlne.ws/z2BQQn

Huntsman on climate change, natural gas, and competing with China

The Grist
For a while there, Jon Huntsman was the one Republican presidential candidate willing to deliver the straight dope on climate change. “To be clear,” he tweeted in August, “I believe in evolution and trust scientists on global warming. Call me crazy.” He even argued that climate skepticism could cost the GOP a victory in November: “The minute that the Republican Party becomes the anti-science party, we have a huge problem. We lose a whole lot of people who would otherwise allow us to win the election in 2012.” Enviros praised Huntsman as the heroically rogue elephant.
http://jlne.ws/w8EuM1
**RKB — Huntsman fields quite a few Qs. Grist goes hard after the former presidential candidate and he wavers as a result on the effectiveness of the scientific message and economic justification for waiting. He warms up though and this one sticks a bit better: “Politics is the art of the possible. What is possible in today’s discussion on clean energy? It isn’t a carbon tax or a cap-and-trade scheme — I just have to be honest with you, that is not going to be viable politically. What is viable is a movement more aggressively toward use of natural gas.”

EU Nations to Clash Over CO2 Goals as Poland Threatens Veto

Bloomberg
European Union nations are set for a clash over the bloc’s strategy to cut greenhouse gases at a meeting today after Poland threatened to veto any declaration that may lead to stricter targets in the future.
http://jlne.ws/y5Tdko

Poland blocks EU efforts on carbon limits
Reuters
Coal-reliant Poland on Friday vetoed European Union efforts to move further towards a low carbon economy, pitting itself against the rest of the 27-member bloc.
http://jlne.ws/AyHxrU

China drafts first climate law, eyes ETS
Point Carbon
The Chinese Academy of Social Sciences (CASS) has drafted climate legislation that could see China introduce a nationwide emissions trading scheme within three to five years.
http://jlne.ws/yiJeQh

UPDATE 4-Keystone oil pipeline bill fails in U.S. Senate
Reuters
U.S. Senate Democrats on Thursday defeated a Republican proposal to give a permit to the Keystone XL crude oil pipeline in a vote that will give Republicans more ammunition to criticize President Barack Obama’s energy policies on the campaign trail.
http://jlne.ws/xO7DCW
**More coverage in US, Canada

For a Shell Executive, Much Head-Scratching
The New York Times
Europe is generally considered greener than the United States, but its oil executives certainly share American oil executives’ enthusiasm for drilling.
http://jlne.ws/xK3stp

Gas Price Disparity Seems Here to Stay

The New York Times
THE price of gasoline is rising, but the nation isn’t sharing the pain equally.
http://jlne.ws/xSGsK7

Drilling for Dollars
Wall Street Journal
Q: Are there ETFs or other ways to play the boom in fracking and shale energy stocks? A:There is growing excitement in the oil patch. Advances in drilling techniques such as horizontal drilling and hydraulic fracturing, or fracking, have made it easier to extract oil and natural gas from shale and other rock formations. Some early investors have scored billions in profits, and shares of pioneering companies, such as Continental Resources Inc., have surged about 40% in the past year.
http://jlne.ws/y5Xhfz

Chesapeake’s CEO Courts Asian Investors for $100 Billion Resource: Energy
Bloomberg
Chesapeake Energy Corp. (CHK) Chief Executive Officer Aubrey McClendon is cultivating investors from Seoul to New Delhi eager to own natural gas that’s 85 percent cheaper than Middle East supplies because of a glut in the U.S.
http://jlne.ws/zLaUea

Global accord on nuclear safety needed urgently – World Energy Council

Business Green
A new international accord on the management and safety of nuclear power plants should be a priority for governments, an influential global energy organisation has said.
http://jlne.ws/yi6MnY

Greenland’s Ice Cap May Be More Sensitive to Global Warming Than Estimated

Bloomberg
Greenland’s ice sheet is more sensitive to global warming than previously thought and may already be approaching a critical threshold, researchers in Spain and Germany found.
http://jlne.ws/wrC6pb

US

Cost of Going Solar Is Dropping Fast, State Study Finds
InsideClimate
The price of solar energy systems dropped by 36 percent in North Carolina between 2006 and 2011, in a trend that is likely occuring across the U.S.
http://jlne.ws/wgSg68

ANALYSIS: Battle lines drawn over California CO2 market revenue
Point Carbon
With just five months to go before California holds its first carbon allowance auction, state lawmakers are waging what is poised to be a months-long fight over how the cash-strapped state should spend $40 billion in estimated revenues generated by its forthcoming cap-and-trade system.
http://jlne.ws/xGw658

Reid: Republicans exaggerating benefits of Keystone XL pipeline

The Hill’s E2 Wire
Republican claims about the benefits of the Keystone XL oil pipeline are greatly overblown, Senate Majority Leader Harry Reid (D-Nev.) said Sunday.
http://jlne.ws/xriYIh
**repeats in Canada

Exxon CEO: ‘Political calculations’ halted Keystone pipeline

The Hill’s E2 Wire
Exxon Mobil CEO Rex Tillerson said Friday that politics have thwarted the proposed Keystone XL pipeline that would bring oil-sands crude from Canada to Gulf Coast refineries.
http://jlne.ws/y9evld

Obama: End ‘bumper sticker’ approach to energy policy
The Hill’s E2 Wire
Promising to “put aside the bumper-sticker slogans,” Pesident Obama called Saturday for an “all-of-the-above” energy strategy including the development of more fuel-efficient engines.
http://jlne.ws/wP4gjY

Canada

Reid: Republicans exaggerating benefits of Keystone XL pipeline
The Hill’s E2 Wire
Republican claims about the benefits of the Keystone XL oil pipeline are greatly overblown, Senate Majority Leader Harry Reid (D-Nev.) said Sunday.
http://jlne.ws/xriYIh
**repeats in US

Oilsands pipeline opponents to bring message to Ottawa panel discussion
Ottawa Citizen
A First Nations chief and representatives from British Columbia’s commercial fishing and tourism sectors will outline their concerns about a proposed pipeline linking Alberta’s oilsands with the West Coast at a panel discussion in Ottawa on Monday night.
http://jlne.ws/wxnyrv

Canadian oil producers look east
Calgary Herald
For Canada’s largest oilsands producer, sending a recent shipment of western Canadian crude to its Montreal refinery required a detour across the Rockies, over two oceans and through one of the world’s busiest waterways.
http://jlne.ws/AyT9h9

Researchers doubt oilsands-damaged land can be restored
Canadian Press
In a small corner of the vast scrape the oilsands have left on northern Alberta, a small sampling of seeds is gradually warming up in the slow boreal spring.
http://jlne.ws/yR9wBQ

Europe


Spain CNE urges tariff hikes to cut power deficit
Reuters
Spain’s energy watchdog issued recommendations on Friday including a rise in bills paid by consumers to fix a power market structure which has built up a government-backed 24 billion euro ($31.49 billion) debt pile.
http://jlne.ws/w7VLHl

Enel Cuts Dividend, Investment Plans

Wall Street Journal
Italian energy company Enel SpA said it was cutting its dividend and scaling back on planned investment plans for the next five years—an austerity plan the chief executive of Europe’s most indebted utility said would lay the foundation for future growth.
http://jlne.ws/zrSMXh

Ukraine returns to international carbon trade
Point Carbon
The U.N. has reinstated Ukraine’s eligibility to transfer carbon credits under the Kyoto Protocol after a five-month ban, according to a webcast on the UNFCCC website, opening the door for a major supplier of carbon credits to restart issuing offsets.
http://jlne.ws/zMI2iE

EIB raises 221 mln euros from CO2 permit sales in Feb

Point Carbon
The European Investment Bank (EIB) has raised around 221 million euros ($289.9 million) from its sale of 23.5 million European Union carbon permits in February, fetching an average price of 9.42 euros a tonne each, the bank said on Friday.
http://jlne.ws/wy2vQG

Asia

China Power in ‘Active Talks’ With Myanmar Over Dam

Wall Street Journal
China Power Investment Corp. is in “active talks” with the Myanmar government to resume development of a $3.6 billion hydroelectric dam that was halted last year due to environmental and human-rights concerns, the head of China Power said Saturday.
http://jlne.ws/wne5hZ

Rivers plan labelled a farce, with vital details missing

The Age
CRITICS from both sides of the controversial draft plan to save the Murray-Darling Basin are branding the 20-week public consultation a farce because important pieces of information needed to properly assess the plan are still missing.
http://jlne.ws/xmnFCE

Latin America


Brazil Sugar-Cane Growers to Invest $3.4 Billion to Renew Crops

Bloomberg
Brazilian sugar-cane companies will spend as much as 6 billion reais ($3.4 billion) this year to renew aging plantations as the nation seeks to boost supply of ethanol.
http://jlne.ws/xMtNEP

IDB to Lend $1.1 Billion a Year for ‘Climate-Friendly’ Projects
Bloomberg
The Inter-American Development Bank (ITAD) may loan as much as $1.1 billion a year for “climate-friendly” projects in Latin America through 2015 as renewable-energy developers struggle to find financing.
http://jlne.ws/A8f3i4

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