In this edition: “China’s Energy Grab Is About Know-How, Not Resources,” says Bloomberg Businessweek. The New York Times’ editorial team takes on “Canada’s Oil, the World’s Carbon.” CNNMoney covers, “Carbon tax gets unusual support.”
Quote of the Day:
“First of all, people are getting tired of the Chinese showing up in their backyard And the Chinese aren’t thrilled with having to deal with Nigeria or Venezuela either. They want stability.”
–Derek Scissors, Asia economic policy fellow at Heritage Foundation, in Bloomberg Businessweek’s “China’s Energy Grab Is About Know-How, Not Resources”
COLUMN-U.S. bets on producing oil with captured CO2: John Kemp
The United States can extract billions of barrels of otherwise unrecoverable oil by injecting carbon dioxide (CO2) underground and also needs to bury CO2, produced by its reliance on coal for power and industry, to fight climate change.
**RKB – An ambitious write-up of an ambitious concept. It’s worth the time. Among all the aspects of this technology to think about, how about this one: who will own the empty space between the rock formations that mark the CO2 injection spot?
China’s Energy Grab Is About Know-How, Not Resources
Chinese oil companies went on a buying spree this week. On Monday, Cnooc, the offshore component of China’s three-headed, state-owned oil apparatus, agreed to pay $15 billion cash for Canada’s Nexen (NXY). Not to be outdone, Cnooc’s state-owned cousin, Sinopec, quickly cut a deal to buy a 49 percent stake in Talisman Energy (TLM)‘s British unit for $1.5 billion, giving it access to North Sea oil and natural gas fields. Two days later, Royal Dutch Shell announced it had signed a handful of partnerships with Cnooc and CNPC, China’s largest oil and gas company, for offshore exploration projects ranging from the coast of China to West Africa.
**RKB — Good analysis of China’s shift from globe’s producer to growing consumer and now, large-scale global player.
“Greyjing”? Air pollution fouls Beijing’s name
With its parks, centuries-old palaces, history and culture, Beijing should be one of the more pleasant capitals of the world. Instead, it’s considered among the worst to live in because of chronic air pollution.
Editorial: Canada’s Oil, the World’s Carbon
The New York Times
Last month, the State Department formally invited public comment on the issues it should consider in a new environmental assessment of the Keystone XL, a 1,200-mile pipeline that would connect the Alberta oil sands to an existing pipeline in Nebraska. The review process was triggered when TransCanada filed a new pipeline application after its first proposal was rejected by President Obama in January. The department’s first environmental assessment was grossly inadequate, one of the main reasons President Obama rejected the proposal.
Analysis: Evidence for climate extremes, costs, gets more local
Scientists are finding evidence that man-made climate change has raised the risks of individual weather events, such as floods or heatwaves, marking a big step towards pinpointing local costs and ways to adapt to freak conditions.
Carbon tax gets unusual support
Calls for a carbon tax on fossil fuels like gasoline and coal are coming from a surprising quarter these days — Republicans.
**RKB — Story does reference 2007 American Enterprise Institute paper, co-written by current Romney staffer.
Opinion: The Conversion of a Climate-Change Skeptic
The New York Times
CALL me a converted skeptic. Three years ago I identified problems in previous climate studies that, in my mind, threw doubt on the very existence of global warming. Last year, following an intensive research effort involving a dozen scientists, I concluded that global warming was real and that the prior estimates of the rate of warming were correct. I’m now going a step further: Humans are almost entirely the cause.
**RKB — Quite a platform for full confession.
Millions Without Power in North India, Water May Be Next
The New York Times’ India blog
Tens of millions of people in North India were without power and early morning commutes in Delhi were thrown into chaos Monday after a massive electrical grid failure. Water supplies may be seriously disrupted this evening, because of the power problems, officials said.
**RKB – More coverage in Power section.
Damning forest study to hit PNG
The Sydney Morning Herald
A POLITICAL time bomb awaits Papua New Guinea’s new government in a completed report into an alleged giveaway of the country’s tropical forests and potentially $23 billion in carbon-trading rights to foreign interests.
ACCO & White House Council on Environmental Quality
September 24-25, 2012
Carbon Forum North America
October 1-2, 2012
Sustainability Summit – Innovation Challenge
October 9, 2012
EMA 2012 Fall Meeting
**Keynote speaker is Richard Sandor
October 24 – October 26, 2012
Santa Monica, CA
Airlines say plans to raise carbon price “detrimental”
Public Sector Travel
The Association of European Airlines (AEA) says that moves by the European Union to shore up the price of carbon in the Emissions Trading Scheme (ETS) will “have a further detrimental effect on the European airlines”.
CERs fall to new record low of 2.67 euros a tonne
Benchmark United Nations’ carbon permits fell 7 percent to a fresh record low on Monday, taking their lead from lower prices for European Union emissions allowances and extending losses made last week.
Fracking 101: The Cozy Relationship Between the Natural-Gas Industry and Academic Researchers
Last week, the University of Texas provost announced he would re-examine a report by a professor who had pocketed hundreds of thousands of dollars from energy interests.
Natural Gas Fracking Industry May Be Paying Off Scientists
Last week the University of Texas provost announced he would re-examine a report by a UT professor that said fracking was safe for groundwater after the revelation that the professor pocketed hundreds of thousands of dollars from a Texas natural gas developer. It’s the latest fusillade in the ongoing battle over the basic facts of fracking in America.
TransCanada to gauge market interest in gas line
The holder of an exclusive license to build a major natural gas pipeline in Alaska plans to again gauge market interest in the project.
China Thermal Coal at Lowest Price Since 2009; Demand Drops
China’s benchmark price for power- station coal fell for a 12th week to the lowest level since 2009 as electricity demand slowed and hydropower output increased.
Singh’s $400 Billion Power Plan Gains Urgency as Grid Collapses
India’s worst power-grid failure in a decade exposed the urgency behind Prime Minister Manmohan Singh’s bid to attract $400 billion in investment and ease an electricity deficit that is holding back economic growth.
Electricity trading probed
The Sacramento Bee
It’s been a decade since companies like Enron Corp. manipulated California’s electricity market to generate billions in excess profits.
Harnessing Sun, Wave Power for Energy
National Geographic blog post by Tim Profeta of Nicholas Institute for Environmental Policy Solutions, Duke University
Oceans, which cover more than two-thirds of the planet, hold a large amount of energy. In fact, the U.S. Department of Energy estimates ocean wave and tidal currents have the potential to account for 15 percent of the nation’s electricity by 2030.
Livestock Groups Ask Obama to Suspend Ethanol Law on Drought
Livestock and poultry producers formally asked the Obama administration today to suspend the nation’s renewable fuels standard because it is causing “severe economic harm” as corn prices surged to a record.
Lloyds to Lend a Third of $1.6 Billion Pledge to Renewables
Lloyds Banking Group Plc (LLOY), the U.K.’s second-biggest state-backed lender, said at least a third of the 1 billion pounds ($1.6 billion) it pledged for infrastructure projects will probably be lent to renewable energy facilities.
The Way Forward for Renewable Energy Policy in the US
Editor, WorldWatch Institute on Environmental News Network
Despite recent growth, the US wind industry now fears a sharp slowdown. As the Wall Street Journal reports, domestic demand for wind turbines is falling. With the production tax credit (PTC) set to expire at the end of this year, manufacturers are not receiving many new orders.
Wind energy tax credit splits Obama, Romney
Des Moines Register
The lines are now drawn on a political hot button in Iowa: a lucrative tax break for wind energy.
Greenhouse gas measurement company raises $7 million
Greenhouse gas measurement company raises $7 million. Picarro continues to attract interest in its technology for detecting and measuring a range of greenhouse gas emissions. The Santa Clara, Calif.-based company has emerged as part of a consortium keeping tabs on the emissions impact of the Summer Olympics in London. Meanwhile, it has added another $7 million in venture capital from Focus Ventures, DAG Ventures, NTT Electronics and Mingxin China.
Wal-Mart Beats Apple, Ikea in U.S. Solar Installations
Wal-Mart Stores Inc. (WMT), the world’s largest retailer, has installed more than 150 U.S. solar projects and expects to have as much as 90 megawatts of capacity by year-end, more than Ikea Group and Apple Inc. (AAPL).
Per capita CO2 emissions in China reached European level (July 18, 2012)
The Interim Regulation of Voluntary Greenhouse Gases Emission Trading in China (Posted July 10, 2012)
The Climate Group
Measure for Management: C40 Cities (July 9, 2012)
Carbon Disclosure Project
Characterizing Pivotal Sources of Methane Emissions from Unconventional Natural Gas Production (Posted June 4, 2012)
Vulnerability of US and European electricity supply to climate change (Posted June 4, 2012)
Nature Climate Change
Developing Dimension: State of the Voluntary Carbon Markets 2012 (Posted May 31, 2012)
Tackling exposure: placing disaster risk management at the heart of national economic and fiscal policy (Posted May 22, 2012)
Fossil fuel price shocks and a low carbon economy (Posted May 21, 2012)
Using the Allowance Value from California’s Carbon Trading System: Legal Risk Factors, Impacts to Ratepayers and the Economy (Posted May 17, 2012)
Inclusive Green Growth: The Pathways to Sustainable Development (Posted May 9, 2012)
Meeting Canada’s 2020 Climate Change Commitments (Posted May 8, 2012)
Office of Auditor General