In today’s edition, companies are not only drawn into the battle against climate change but also into geopolitical strategies, with the new round of sanctions against Russia.
Quote of the day
“The companies are facing the harsh reality that the United States and the European Union have united on sanctions in a way that two weeks ago would have been inconceivable.”
John Lough, a Russia analyst at Chatham House, a London-based research organization, in the New York Times’s story Energy Companies Rethinking Russia After New Round of Sanctions
Energy Companies Rethinking Russia After New Round of Sanctions
Stanley Reed, The New York Times
The downing of Malaysia Airlines Flight 17 over eastern Ukraine — and the tougher round of sanctions against Russia that followed — is prompting some big multinational energy companies to take a fresh look at the ramifications of the crisis.
***LB: Also in this story “Companies like Total and Royal Dutch Shell have poured money into Russia in recent years. And a drilling rig to be operated by Exxon Mobil and Rosneft is being transported to Russian Arctic waters.”
Russia attacks EU sanctions and warns of higher energy bills
Kathrin Hille, Financial Times
Russia lashed out at the EU for imposing broad sanctions against key sectors of its economy and warned that Europeans would pay with higher energy prices. http://jlne.ws/1rScUjl
EU Power Set for Biggest Gain in 10 Months Amid Russia Sanctions
Marek Strzelecki, Bloomberg
European power prices for next year are headed for the biggest monthly gains since September amid concern sanctions against Russia will boost the cost of coal and gas, raising production costs at utilities.
Siemens warns of challenges ahead for energy business
Germany’s Siemens AG warned on Thursday that its energy business faces challenges in the coming quarters as it reported fiscal third-quarter core profit that fell short of expectations.
Dems, GOP go head-to-head on climate rule
Laura Barron-Lopez and Timothy Cama, The Hill
Trial by combat: Debate over the cornerstone regulation of President Obama’s climate legacy turned into a war of dueling press conferences from Democrats and Republicans on Wednesday.
CME Group to Acquire Trayport and FENICS from GFI Group
CME Group, the world’s leading and most diverse derivatives marketplace, and GFI Group Inc., a leading intermediary and provider of trading technologies and support services to the global OTC and listed markets, today announced that they have entered into definitive agreements to create value for their respective stockholders through a two-step transaction through which: CME Group will acquire Trayport and FENICS.
White House announces pact to help ag battle climate
Christopher Doering, The Des Moines Register
The White House announced a partnership Tuesday with Monsanto, Walmart and other companies to better use data to make agriculture and the country’s food system more resilient in responding to the growing impact of climate change.
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
UPS Doubles Carbon Intensity Goal for 2020
UPS Press Room
UPS today released its 12th annual Sustainability Report announcing that in addition to reducing overall carbon emissions in 2013, the company also met its 2016 goal of reducing its air and ground fleet’s carbon intensity by 10 percent three years early.
***LB: Also in this story “Thus, the company has set a new goal to achieve a 20 percent reduction in carbon intensity from transportation by 2020.”
Canada’s boreal forests are burning – and releasing loads of carbon
Krista Langlois, HIgh Country News
Rumbling afternoon thundershowers are breaking over the Southwest, bringing gratitude and sweet relief – not that the region needed much relieving this year.
Natural gas / coal
Manchin drops coal provision from Ex-Im Bank bill
Laura Barron-Lopez, The Hill
Sen. Joe Manchin (D-W.Va.) introduced his bill to reauthorize the Export-Import Bank’s charter Wednesday evening without a controversial provision to roll back the bank’s restrictions on financing overseas coal plants.
Gazprom buys pipes worth $1 bln from Russian companies – report
Russia’s top natural gas producer Gazprom will buy pipes worth $1 billion from Russian companies and a trader, Interfax news agency reported on Thursday, citing company documents.
PEGAS to launch Spot Contracts for NBP
EEX Press Release
PEGAS, the joint natural gas platform of EEX and Powernext, will further expand its product portfolio with Spot Market contracts for the British National Balancing Point (NBP). The new product is scheduled to be launched on 15 October 2014.
China’s ‘Strategic’ Gas Pipeline in Burma May Be Built on Hot Air
William Boot, The Irrawaddy
The underperforming US$1 billion gas pipeline through Burma into China was built by the state-owned China National Petroleum Corporation (CNPC) to please political leaders in Beijing rather than for sound practical reasons, a report claims.
India Solar-Credit Demand Rises to 4-Month High in July
Natalie Obiko Pearson, Bloomberg
Demand for Indian solar-energy credits rose to a four-month high in July after a power utility entered the market seeking to comply with government clean-energy targets.
Future grows darker for solar energy growth in Japan
James Topham and Aaron Sheldrick, Reuters
On the second anniversary of a scheme aimed at boosting Japan’s renewable energy after the Fukushima crisis, its powerful industry ministry is taking steps critics say will choke off solar investment and pave the way for a return to nuclear power.
Why Australian households are desperate for battery storage
Giles Parkinson, Reneweconomy
So, who wants to be an energy pro-sumer? In some states in Australia, around one in four houses already boast rooftop solar PV systems, and it’s having a big impact on the operation and the optics of the National Electricity Market, with big implications for the traditional business models of generators, retailers and network operators alike.
Germany drops proposed green pylon route amid strong opposition
Stefan Wagstyl, Financial Times
Germany’s plans for new network of electricity pylons to distribute green power around the country have suffered a setback after the government scrapped a proposed route in the face of intense local opposition.
Consumers urged to consider renewable heat savings with new DECC calculator
Jessica Shankleman, BusinessGreen
The government has launched an online tool to help consumers calculate the potential savings they could make by installing renewable heat technologies, such as solar thermal panels or ground source heat pumps.
Brazil Development Bank Will Allow Solar Cell Imports to 2020
Vanessa Dezem, Bloomberg
Brazil’s BNDES development bank will allow solar developers to import photovoltaic cells until 2020 as part of efforts to spur domestic solar manufacturing capacity.
Fukushima Radiation Tests on Waters Along U.S. Coast Yield Negative Results
Esther Tanquintic-Misa, International Business Times
Tests looking for possible Fukushima radiation contamination on the waters along the U.S. coast continued to yield negative results, a group of scientists said on Tuesday.
Manufacturers make a splash with £2m of water savings
Jessica Shankleman, BusinessGreen
Seventy British manufacturers, including high profile names such as Kelloggs, Arla Foods, and Heinz, saved a total of £2m in water costs last year by installing new efficiency technologies.
German Water Supply Threatened as Climate Change Boosts Droughts
Stefan Nicola, Bloomberg
German water supplies will become increasingly threatened this century as climate change raises the risk of droughts and water shortages in the country.
EPA to Republicans: You’re making it ‘very difficult’ to do our job
Tim Devaney, The Hill
A top official at the Environmental Protection Agency said Wednesday he is troubled by a lack of trust from Republicans concerning the EPA’s new climate rule and plan to regulate smaller bodies of water.
Are Siberia’s methane blow-holes the first warning sign of unstoppable climate change?
The end of the world could be starting right now — in a frozen Siberian wasteland known as Yamal. It translates as “The End of the Land”.
Green groups too white and too male compared to other sectors – report
Suzanne Goldenberg, theguardian.com
Environmental groups do a worse job than the business and sports sectors in welcoming and promoting minorities and women, a new report has found.
This Stunning Carbon Map Could Unlock A New Way To Fight Climate Change
Justin Catanoso, Business Insider
Stanford University scientists have produced the first-ever high-resolution carbon geography of Peru, a country whose tropical forests are among the world’s most vital in terms of mitigating the global impact of climate change.