Quote of the Day:
Removing market barriers and providing a competitive structure that allows the nation to recognize solar energy’s full potential is a top priority for America’s solar industry.
Christopher Mansour, Vice President of Federal Affairs of the Solar Energy Industries Association, reacting to today’s energy bill requiring utilities to generate 25 percent of their energy from wind, solar and other renewables by 2025.
China’s Clean-Air Drive Likely to Take a Long Time
KATE GALBRAITH – NY Times
SAN FRANCISCO — Every so often, an extraordinary image makes the rounds on the Internet that shows an ominous gray cloud over the Beijing area, as seen from a satellite. Rather than a rain cloud, it is a shroud of pollution, the type that has caused fear and anger in China’s worst-hit cities.
**JK – NY Times has been pounding this story a lot lately, and rightfully so.
SEIA Applauds Introduction of Renewable Energy Standard Bill
Christopher Mansour, Vice President of Federal Affairs of the Solar Energy Industries Association, released the following statement today in support of new legislation by Senators Mark Udall (D-Colo.) and Tom Udall (D-N.M.) that would require utilities to generate 25 percent of their electricity from wind, solar and other renewable energy sources by 2025.
Truckers Tap Into Gas Boom
Mike Ramsey – Wall Street Journal
Operators of some of the largest U.S. truck fleets, including Lowe’s LOW -0.91% Cos., Procter & Gamble Co. PG -1.14% and United Parcel Service Inc., UPS -0.03% are accelerating a shift to natural gas fueled trucks, betting on new engine technology that promises to drop the cost of shifting from diesel fuel.
**JK – Good news for the folks at AMP Americas.
Carbon target of 5% ‘inadequate’
Much deeper reductions in Australia’s carbon emissions are not only justified and desirable, but also eminently affordable, a report by the government’s independent climate adviser has found.
The report from the Climate Change Authority found the current target of a 5 per cent cut in carbon was ”inadequate”, and noted even that minimum goal would be more cheaply and easily achieved by altering the Coalition’s $3.2 billion direct action plan.
Exxon: A Tiger That Doesn’t Change Its Stripes
Rewards of Consistency and Capital Discipline Are Enduring for Exxon Investors
Spencer Jakab – WSJ
Hoping visitors simply wouldn’t notice, a Chinese zoo swapped its lion for a dog this summer. Owners of Exxon Mobil Corp. XOM -0.13% could be forgiven for thinking the energy giant has replaced the tiger in its tank with a pussycat. http://jlne.ws/1ivrXWU
Brazilian Energy Company OGX Files for Bankruptcy
By DAN HORCH – NY Times
The flagship company of the Brazilian entrepreneur Eike Batista, the petroleum company OGX, filed for bankruptcy on Wednesday via a court-supervised restructuring.
Alberta hopes to have environmental monitoring panel running by early 2014
The Canadian Press
The pressure is on for the Alberta government to get its long-promised environmental monitoring panel running, says one of the government’s advisers on the project.
“I hope that act gets passed in the next two weeks,” Howard Tennant said Tuesday, a day after the Alberta government introduced legislation to create the arm’s-length monitoring agency.
**JK – Can Alberta convince you it’s green enough? They have an $18 million ad campaign to tell you yes.
Blue Solutions opts for NYSE Euronext to step up growth
NYSE Euronext Press Release
Paris, 30 October 2013 – NYSE Euronext (NYX) today celebrated the listing of Blue Solutions, Bolloré Group’s specialised energy storage subsidiary, in compartment B of its regulated market in Paris.
Blue Solutions produces and sells innovative electric batteries and supercapacitators based on its clean technology. Concern with pollution and other environmental issues combined with growing urban sprawl around the globe have made mobility solutions other than conventional cars – electric vehicles, hybrid vehicles and co-sharing options – more attractive. The lithium-metal-polymer batteries made by Blue Solutions are used in car-sharing services in Paris (Autolib’) and Lyon (Bluely) – and soon in Bordeaux (Bluecub) and Indianapolis.
Keystone developer: We won’t quit
By Ben Geman – The Hill
Keystone XL pipeline developer TransCanada Corp. won’t stop pushing to build the project even if the White House rejects it, the company’s CEO said.
Asked if White House disapproval would be the end of the road, CEO Russ Girling replied: “How can it be?” http://jlne.ws/18EcqP2
Climate Leadership Conference
Association of Climate Change Officers
February 24-26, 2014
San Diego, CA
Carbon union on US west coast
Sydney Morning Herald
The governors of Oregon and Washington states in the US north-west have agreed to put a price on emissions and adopt fuel standards, bringing their efforts to cut greenhouse-gas pollution closer to those of California and British Columbia.
Natural Gas Waits for Its Moment
PAUL STENQUIST – NY Times
CARS and trucks powered by natural gas make up a significant portion of the vehicle fleet in many parts of the world. Iran has more than two million natural gas vehicles on the road. As of 2009, Argentina had more than 1.8 million in operation and almost 2,000 natural gas filling stations. Brazil was not far behind. Italy and Germany have substantial natural gas vehicle fleets. Is America next?
Stung by market, Cloud Peak could reduce Wyoming coal production in 2015
Cloud Peak Energy may reduce coal production at its Cordero Rojo Mine by nearly a quarter in 2015 if market conditions do not improve, the company’s president told investors Tuesday.
Fracking Rules Set in Spain to Boost Shale Gas, Oil Work
By Todd White – Bloomberg
Spain’s government set local ground rules for oil and gas drillers to use hydraulic fracturing, or fracking, in an effort to spur shale-exploration projects by endorsing the contested technology that they need.
ConocoPhillips wins first regulatory approval of fracking in the North Add to …
CARRIE TAIT— The Globe and Mail
A Canadian energy regulator has given a major oil and gas company permission to produce oil using a controversial technique in the Northwest Territories.
One year after Sandy, DOE official touts need for reliable energy grid
By Laura Barron-Lopez – The Hill
A senior Energy Department official said on Wednesday that one year after Hurricane Sandy rocked the East Coast, a “reliable, survivable, energy system is a requirement” now more than ever.
GP RenewablesTrading EXPECTS TO Purchase $15 Million in operating Solar Projects in NJ and MD before year’s end
NEW YORK, NY – October 22, 2013 (Investorideas.com renewable energy stocks newswire) GP Renewables & Trading, a multifaceted energy services company, today announced its plan to acquire up to 15 million in operating commercial solar photovoltaic projects from system owners who took advantage of the 1603 Payments for Specified Energy Property in Lieu of Tax Credits before its expiration at the end of 2011. Its focus is projects in New Jersey and Maryland where the owners are struggling to recoup their investment.
SunPower to Expand Production as Demand Boosts Earnings
By Ehren Goossens – Bloomberg
SunPower Corp. (SPWR), the second-largest U.S. solar manufacturer, reported higher profit in the third quarter, as demand increased in key markets including the U.S. and Japan. The company plans to expand manufacturing capacity by more than 25 percent.
The company reported net income of $108.4 million, or 73 cents a share, compared with a net loss of $48.5 million, or 41 cents, a year earlier, San Jose, California-based SunPower said today in a statement. It was expected to earn 14 cents a share, the average of four analyst estimates compiled by Bloomberg.
Suntech May Get $150 Million Investment From Wuxi Guolian
By Justin Doom & Ehren Goossens – Bloomberg
Suntech Power Holdings Co. (STP), the Chinese solar company whose main unit was pulled into bankruptcy, may receive an equity investment of at least $150 million from a state-backed enterprise.
Suzlon’s Loss Narrows After Job-Cut Program Shows Results
By Natalie Obiko Pearson – Bloomberg
Suzlon Energy Ltd. (SUEL), the Indian wind-turbine maker that defaulted on bonds, reported a narrower loss in the fiscal second quarter as a cost-reduction program that included 3,000 job cuts began to show results. http://jlne.ws/1h1N9bG