Bad news in today’s edition, as executives of ten of the world’s largest oil and gas companies decided on Friday not to take a common position on the price of carbon because of differences among the groups’ members. However, President Obama is bringing executives from five Fortune 500 companies to the White House on Monday in a bid to shore up business support for combating climate change. Finally, in the Carbon section, read how Canada’s election (on October 19) will decide the fate of the world – no less.
Quote of the day
“Carbon pricing has been the most difficult for us.”
Eldar Saetre, Chief Executive of Norway’s Statoil, in the Reuters’ story Oil chiefs fail to reach common position on carbon pricing
Obama Huddling With CEOs to Shore Up Support on Climate
By Justin Sink – Bloomberg News
President Barack Obama is bringing executives from five Fortune 500 companies to the White House on Monday in a bid to shore up business support for combating climate change.
Kerry urges ‘ambitious’ climate deal, warns on food security
U.S. Secretary of State John Kerry urged global leaders on Saturday to agree an “ambitious” deal at a climate conference in Paris in December, saying global warming was the biggest threat to global food security.
Deripaska warns about competitive risks from Paris climate deal
By Henry Sanderson and Pilita Clark – Financial Times
Russian billionaire Oleg Deripaska has urged governments not to sign the Paris climate accord due to be struck in December unless China, India and other countries do more to tackle global warming.
Big Oil’s Murky Climate
By Liam Denning – Bloomberg News
Ten major oil companies including Royal Dutch Shell, BP and Saudi Aramco declared on Friday that they totally get the climate change thing and would support measures aimed at preventing it.
Oil chiefs fail to reach common position on carbon pricing
Executives of ten of the world’s largest oil and gas companies decided on Friday not to take a common position on the price of carbon because of differences among the groups’ members, and countries ahead of a climate summit in Paris in December.
19th Annual Environmental Markets Association Meeting
October 28-30, 2015
EMA Annual Meeting
October 28-30, 2015
Omni Parker House Hotel
2015 Rising Seas Summit
Association of Climate Change Officers
November 12-13, 2015, Cambridge, MA
Call For Nominations: Environmental Markets Association
The Environmental Markets Association is calling for nominations for two (2) openings on the Board of Directors for 2015/2016.
If you are interested in running or would like to nominate someone, please call the EMA Headquarters at 202-591-2465
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New technology is keeping the air we breathe under an unprecedented level of scrutiny
By William Yardley – Los Angeles Times
Measure twice, cut once, they say. Unless you are trying to save the planet. In that case, measure and cut constantly.
How Canada’s Election Will Decide the Fate of the World
By Geoff Dembicki – Foreign Policy
For years, Canada and Australia have been the climate villains the world has loved to hate.
Natural gas / coal
Clean Power Plan to Shutter 4,000 MW of Texas Coal Output
By Harry Weber – Bloomberg News
President Barack Obama’s plan to fight climate change will force at least 4,000 megawatts of coal-fired power in Texas offline, pushing energy prices higher and increasing the risk of blackouts, according to the state’s grid operator.
Adani Expected to Build Carmichael Coal Project, Frydenberg Says
By Jason Scott – Bloomberg News
Adani Enterprises Ltd. is expected to proceed with building its A$7.2 billion ($5.2 billion) Carmichael coal mine and rail project in Queensland state, Australia Resources and Energy Minister Josh Frydenberg said.
EDF looks to sell 10bn euros of assets to boost balance sheet
By Michael Stothard – Financial Times
EDF plans to sell as much as 10bn euros of assets over five years to shore up its balance sheet, as the French energy group prepares to start the expensive process of building three UK nuclear reactors.
U.K., China Poised for Deal on World’s Costliest Nuclear Plant
By Alex Morales and Rachel Morison – Bloomberg News
U.K. and China are set to announce an accord that will give the Asian nation a stake in Electricite de France SA’s Hinkley Point project, Britain’s first nuclear plant in three decades and the most expensive atomic energy station ever.
Solar subsidies are slashed, but the sun always seems to shine on nuclear
A glaring anomaly of British energy policy will be on display this week: the government will loudly trumpet a nuclear deal with China, and then will come a no-fanfare end to a controversial solar subsidy consultation.
Poland’s power system faces winter test after summer squeeze
Poland is at risk of power shortages this winter according to analysts who say limited available capacity and low river levels could prompt a repeat of this summer when a heatwave prompted the country’s first usage limits in decades.
New Jersey tech institute wins U.S. solar home design competition
Students from New Jersey-based Stevens Institute of Technology won the U.S. Department of Energy’s Solar Decathlon, taking the top trophy at the event in California by building a flood-resistant house that is also energy efficient, officials said on Saturday.
Solar plane prepares for Amazon mission
By Jim Drury – Reuters
Student engineers from ETH Zurich are preparing to fly their world-record breaking solar plane over the Amazon rainforest.
Toyota Targets 90% Emissions Reduction by 2050 on Fuel Cells
By Craig Trudell and Yuki Hagiwara – Bloomberg News
Toyota Motor Corp. said it’s targeting a 90 percent reduction in emissions from its new vehicles by 2050 as it seeks to build on the success of its hybrid autos.
Australian sailing pressures Rio over water pollution
By Ricardo Moraes – Reuters
Australia’s Olympic sailing boss Peter Conde has called on the sport to pressure Rio Olympics organizers to clean up water pollution ahead of next year’s Games.
Ethiopia, a Nation of Farmers, Strains Under Severe Drought
By Jacey Fortin – The New York Times
Every day, Yasin Mohammed Aliye stakes out a spot on his small farm to chew khat, a leafy stimulant, and guard against intruders.