In this edition, three corporate-focused items: Nestle sets social, environmental targets for 2020; Is General Electric Burning Bright or Burning Out?; Walmart beats emissions goal a year early. And from the carbon space, Reuters columnist Gerard Wynn: EU 2030 carbon cap could restore emissions trade.
Quote of the Day:
“You’re going against the largest industry on the planet. We’re dependent on buying oil from Russia and the Middle East [and] that money flows in a million different ways to finance studies and misinformation [that] prevent the emergence of this sector.”
–Former NATO commander Gen. Wesley Clark, co-chair of biofuel concern Growth Energy, in Business Green’s “General Wesley Clark accuses oil majors of trying to kill off biofuels industry”
COLUMN-EU 2030 carbon cap could restore emissions trade: Wynn
The European Union has begun the process of agreeing a new carbon cap for 2030, with early signs that it could reinvigorate the emissions market and simplify low-carbon policy.
U.S. Carbon Output to Fall to 1970s Levels by 2040: Exxon
The U.S. will reduce carbon-dioxide emissions in 2040 to levels last seen in the 1970s as the use of natural gas and renewables increases and efficiency measures cut demand, Exxon Mobil Corp. (XOM) said.
Op-Ed: The Facts on Fracking
The New York Times
OPPOSITION to fracking has been considerable, if not unanimous, in the global green community, and in Europe in particular. France and Bulgaria, countries with the largest shale-gas reserves in Europe, have already banned fracking. Protesters are blocking potential drilling sites in Poland and England. Opposition to fracking has entered popular culture with the release of “The Promised Land,” starring Matt Damon. Even the Rolling Stones have weighed in with a reference to fracking in their new single, “Doom and Gloom.”
**RKB — Contributors are: Susan Brantley, distinguished professor of geosciences and director of the Earth and Environmental Systems Institute at Pennsylvania State University, and a member of the U.S. National Academy of Sciences. Anna Meyendorff, faculty associate at the International Policy Center of the Ford School of Public Policy at the University of Michigan, and a manager at Analysis Group.
U.S. wind power grows at record levels in 2012 -AWEA
The American wind industry experienced record-breaking growth in 2012 and produced more than 10 percent of the electricity in nine states, up from five states in 2011, a trade group said on Wednesday.
Merkel May Create Energy Ministry as Switch Becomes Vital
Chancellor Angela Merkel may set up a national energy ministry as Germany’s shift from nuclear power to renewables becomes the crucial task if she’s elected for a third term in September, a key party ally said.
Nestle sets social, environmental targets for 2020
Nestle, the world’s biggest food company, published on Wednesday a raft of social and environmental targets it aims to meet by 2020, including better labelling of its products, only using sustainable palm oil and cutting greenhouse gas emissions.
Is General Electric Burning Bright or Burning Out?
Motley Fool Blog
General Electric, founded by Thomas Edison, is the oldest company in the Dow. In the century since its first public listing, GE has evolved into one of the largest companies in the world, operating in over 100 countries with a widely diversified portfolio invested in aviation, healthcare, energy and home & business solutions – making it a bellwether of the global economy.
Walmart beats emissions goal a year early
Walmart has reported that it has delivered a 20 percent cut in greenhouse gas emissions since 2005, beating its target one year ahead of schedule.
Wall Street Green Summit XII
March 18, 2013
Center for Architecture, New York
Navigating the American Carbon World (NACW) 2013
San Francisco April 16-18
EU, Nations to Sell 49 Million Carbon Permits Through March 31
Below is a table of European Union carbon permit sales scheduled from today through the end of March.
Watchdog praises Scotland’s green record
Scotland has narrowly missed its first greenhouse gas emissions reduction target thanks to an exceptionally cold winter in 2010, the government’s climate watchdog has confirmed.
Natural Gas/Coal/Alternative Fuels
Ivory Coast seeks LNG to head off gas shortfall
Top global cocoa producer Ivory Coast is seeking a partner to supply liquefied natural gas over the next decade to head off a looming energy crunch, according to state oil company Petroci.
Asians Hunt Gas Treasure Locked in Ice Beneath Seabeds: Energy
Japan and India, Asia’s biggest energy consumers after China, are closer to unlocking natural gas deposits trapped in ice below the seabed that may prove bigger than the world’s known fossil-fuel reserves.
Italy’s Snam to Expand in EU Only
The Wall Street Journal
Snam SpA, SRG.MI -0.56% Italy’s biggest natural-gas grid by lines, plans to expand only in the European Union so as not to increase its risk profile and be able to boost its dividends, Chief Executive Carlo Malacarne said Wednesday.
Slowdown feared for China raw materials
For Zhao Yuwei, a trader of flat steel products in China’s central Henan province, the year of the water snake has not got off to a good start.
Fracking company shelves drilling
Cuadrilla Resources, the only company to have fracked for gas in the UK, has put off plans to drill this year, in a setback for the ambition of George Osborne, the chancellor, to exploit Britain’s shale gas reserves.
Chevron explores first Canada gas exports
Chevron is in talks with potential buyers for Canada’s first exports of liquefied natural gas, paving the way for a $15bn project that would open up a new route for North American gas to Asia.
General Wesley Clark accuses oil majors of trying to kill off biofuels industry
The biofuels industry must join together to combat the negative “studies and misinformation” funded by the trillion dollar oil industry, according to former NATO commander General Wesley Clark.
Weak demand may force E.ON to mothball new power stations
German utility E.ON said it expected demand for electricity and gas in its core European region to be so weak in 2013 that it might have to mothball some of its most modern power stations.
Why M2M + the Internet of Things = $1 trillion
The rate of adoption for machine-to-machine, or M2M, technologies enabling devices of virtually every size and function to share valuable data will be nothing short of mind-boggling over the next seven years — becoming an almost $1 trillion industry by 2020, according to a new report published by the Carbon War Room.
Suez Subsidiary Degremont Wins India Water Treatment Contracts
Suez Environnement (SEV), Europe’s third- largest water company by market value, won 41 million euros ($53 million) of contracts to build and operate water-treatment plants in New Delhi and Bangalore, India’s Silicon Valley.
Botswana Looking to Draw Water from Lesotho to Boost Development
Lesotho, Botswana and South Africa have signed a memorandum of understanding to examine options for Botswana to draw water from Lesotho to boost its economic development, according to Lesotho’s minister of energy, meteorology and water affairs.
The State of Green Business 2013 (Posted February 12, 2013)
Can the US Get There from Here? (Posted February 6, 2013)
The Billion Euro Aviation Bonanza – Aviation’s Participation in the EU ETS (Posted January 22, 2013)
Power Forward: Why the World’s Largest Companies are Investing in Renewable Energy (Posted Dec. 11, 2012)
Stock Exchange Benchmark On Non-Financial Reporting Rules (Posted Dec. 6, 2012)