In today’s edition, some pledges, like the one touted by the U.K. to stick to tough emissions targets – and broken promises, like those made by Disney, Target, Walmart and 3M: these companies have fallen behind on their environmental commitments. However, the World Bank is optimistic and sees ‘momentum’ behind global carbon price.
Quote of the day
“When we talked to them recently, they gave good reasons why implementation is lagging, but if it happens again, we’re going to need to draw more attention to why they’re falling behind”
Lafcadio Cortesi, Asia director for the NGO Rainforest Action Network, talking about Disney, in theguardian.com’s story Missed targets: when companies fail to keep their key sustainability promises
What If Canada Exported Clean Energy Instead of Oil?
Geoff Dembicki, TheTyee.ca
Fight climate change or grow the economy. That’s the message we’ve all been hearing for the past two decades.
***LB: Also in this story “In Africa, where solar is cheaper than diesel, Quebec’s Windiga is doing just that.”
World Bank sees ‘momentum’ behind global carbon price
Ed King, RTCC (Responding to Climate Change)
Momentum is growing behind global efforts to develop a carbon price, despite Australia’s decision to scrap its tax on the country’s top polluters. That is the view of the World Bank’s top climate official Rachel Kyte, addressing delegates at an environmental conference in Pori, Finland.
Missed targets: when companies fail to keep their key sustainability promises
Jennifer Inez Ward, theguardian.com
When the Walt Disney Company reached out to Rainforest Action Network for help in crafting a new sustainable paper sourcing policy in 2012, the nonprofit was all ears.
***LB: Also in this story “Disney, Target, Walmart and 3M are among the companies that have fallen behind on their environmental commitments. But their stumbles haven’t received much attention.”
Britain sticks with tough carbon target despite opposition
Susanna Twidale, Reuters
Britain’s government said it would stick with a goal to curb emissions by 2027 to 50 percent of the 1990 levels, a target that has led to political opposition and that its own advisers have said will be hard to meet.
China warns against “blind” rush to build coal-to-gas plants
China has warned operators against “blindly” developing projects to turn coal into synthetic fuel, underlining the requirements needed for regulatory approval as companies rush into investments that are costly and might harm the environment.
Some Chinese carbon projects to exit UN offset market if allowed
Susanna Twidale and Kathy Chen, Reuters
Some developers of projects to cut carbon emissions in developing nations, particularly China, are likely to pull out of the U.N. offset scheme and move to markets with higher prices, if plans to allow them to exit are implemented.
Blue chips call for standardised green energy label
A group of leading businesses have this week put forward plans for a new electricity label designed to inform corporate and domestic customers of the carbon content of the power they consume, in a bid to further drive demand for clean energy.
***LB: Also in this story “A new report, written by consultancy Utilyx and backed by the Aldersgate Group, BT, EY, HSBC, Reed Elsevier, Sky and the Retail Energy Forum, argues that businesses should call upon their energy suppliers to provide standardised information on the emissions footprint of the power they supply.”
Giving up beef will reduce carbon footprint more than cars, says expert
Damian Carrington, theguardian.com
Beef’s environmental impact dwarfs that of other meat including chicken and pork, new research reveals, with one expert saying that eating less red meat would be a better way for people to cut carbon emissions than giving up their cars.
***LB: Also in this story “The popular red meat requires 28 times more land to produce than pork or chicken, 11 times more water and results in five times more climate-warming emissions. When compared to staples like potatoes, wheat, and rice, the impact of beef per calorie is even more extreme, requiring 160 times more land and producing 11 times more greenhouse gases.”
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
Corralling Carbon Before It Belches From Stack
Henry Fountain, The New York Times
So much soot belched from the old power plant here that Mike Zeleny would personally warn the neighbors.
Long Beach company agrees to pay $254,100 fine for greenhouse gas
California Environmental Protection Agency
The Air Resources Board today announced a fine of $254,100 against THUMS Long Beach Company, an offshore oil and gas production operation, for sulfur hexafluoride (SF6) emissions.
BBC broadcasts its carbon-cutting success
James Murray, BusinessGreen
The BBC may have faced criticism in recent weeks for its coverage of climate-related issues, but that has not stopped the corporation forging ahead with a sustainability programme that has delivered deep cuts in emissions over the past year.
Direct Action set to deliver carbon credits to (Australia’s) farmers
Cath McAloon, ABC
Farming groups are pushing ahead with plans for projects to store carbon in soil, after the Federal Government approved a methodology that will allow farmers to earn carbon credits.
Natural gas / coal
How Hated Is Coal? Peabody Requires Patience
Brian Gilmartin, for Seeking Alpha
In the impressive bull market that has existed since March, 2009, it has become harder and hard to find seemingly undervalued stocks that trade at significant discounts to perceived intrinsic value. Peabody Energy could be one of those stocks.
Statoil makes uncommercial gas find in Norwegian Arctic
Norwegian oil and gas firm Statoil made a small, uncommercial natural gas find in the Norwegian Arctic, the Norwegian Petroleum Directorate said on Tuesday.
Encana’s Cashing in on Natural Gas; How You Can Benefit Too
Matt DiLallo, The Motley Fool
Encana’s turnaround plan is focused on one thing: growing its oil and natural gas liquids production. That shift has seen the company spend billions to drill liquid-rich wells.
(Column) Shale plays reduce political risk
John Kemp, Reuters
Shale plays are ideal for oil and gas companies that need to limit risk in countries with a history of political and economic instability and poor respect for private property.
Microsoft buys entire output of Illinois wind farm
Microsoft took another step toward its goal of becoming carbon neutral, announcing its second enormous purchase of wind energy.
In Quebec, the energy future of the North is blowing in the wind
Nicolas Van Praet, Financial Post
Eight hundred kilometres from the treeline on the northern tip of Quebec lies an expansive sweep of rock so bleak and barren the Inuit never once thought about settling there.
Mexico’s electricity reform advances
Timothy Cama, The Hill
Mexico’s Senate overwhelmingly gave final approval Sunday to legislation meant to increase competition in the country’s electricity sector.
China’s Beiqi Foton Motor to sell compressed natural gas autos
Reuters (Brief )
Beiqi Foton Motor Co Ltd says signs contract to sell 58 compressed natural gas autos, to help promote clean energy products in domestic and overseas markets.
Battle looms over Florida goals for conserving electricity
Kevin Spear, Orlando Sentinel
Power bills in Florida traditionally include a charge of several dollars a month that utilities use to invest in things like customer rebates for installing better insulation, efficient windows and power-saving appliances.
Late monsoon starts Indian farmer’s “journey to hell”
Ratnajyoti Dutta, Reuters
Indian farmer Asghar Bhura scrapes a living by growing sugarcane, but this year’s late monsoon has left his tiny plot parched and he will earn nothing from his harvest.
Armed bandits demand north Indian villagers deliver 35 buckets of water a day during drought
Biswajeet Banerjee, Associated Press
Armed bandits in drought-stricken northern India are threatening to kill hundreds of villagers unless they deliver 35 buckets of water each day to the outlaws in their rural hideouts.
Energy playing greater role in foreign policy, State envoy says
Laura Barron-Lopez, The Hill
To hear outgoing State Department energy envoy Carlos Pascual tell it, energy issues are becoming increasingly “fundamental” in the national security of the United States.
NHL’s climate fight
Laura Barron-Lopez and Timothy Cama, The Hill
NHL outlines climate action: Climate change is threatening the very foundation of the National Hockey League: winter.
Only 15% of 35 Biodiversity Hotspots Are Untouched
Jeremy Hance, mongabay.com
The world’s 35 biodiversity hotspots—which harbor 75 percent of the planet’s endangered land vertebrates—are in more trouble than expected, according to a sobering new analysis of remaining primary vegetation.