• While The West Retreats, Asian Banks Are Pouring $600 Billion Into 1600 New Coal Power Plants

    • Date: 11/12/17
    • Financial Times

    Environmental campaign groups have accused many of the world’s largest banks of actively undermining the Paris agreement on climate change by pouring billions of dollars into coal plant developers. Between January 2014 and September 2017 international banks channelled $630bn to the top 120 companies planning to build [1600] new coal plants around the world, according […]

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  • Renewable Energy Investors Are The Big Losers From Trump’s Massive Tax Reforms

    • Date: 08/12/17
    • John Dizard, Financial Times

    If you are a global company that has made leveraged investments in US renewable energy production in recent years, those assets now look like a bird that has run into a wind turbine. Someone had to lose from the massive tax reform law that will almost certainly pass Congress, and it turns out that you […]

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  • Europe To Subsidise Almost All Coal Power Plants To Back Up Unreliable Renewables

    • Date: 08/12/17
    • Bloomberg

    Almost all coal plants in the European Union will be outspending their income by the end of the next decade, relying on subsidies to stay open to back up wind and solar generation. About 54 percent of the region’s plants already fail to break even, according to a report by London-based Carbon Tracker Initiative published […]

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  • Anti-Shale Europe Increasingly Imports U.S. Shale Gas

    • Date: 06/12/17
    • New Europe

    US Ambassador to Greece Geoffrey Pyatt said on December 4 that Greece would be the third European country to begin importing American liquefied natural gas (LNG), after Poland and Lithuania. Speaking at the Greek Economy conference organised by the American-Hellenic Chamber of Commerce (AmCham) in Athens, the American diplomat said the Greek government has promised to import […]

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  • Poor Bear Brunt Of Beijing Coal Cleanup With No Heating At -6C

    • Date: 06/12/17
    • The Guardian

    Switch from coal to gas has left residents of towns around Beijing without heating after gas supply falters While middle class Beijingers breathe the cleanest air in recent winters, in Zhuozhou, a small city 20 minutes by train from Beijing’s downtown, residents are shivering through cold nights without heating. The reason: a five-year anti-pollution drive […]

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  • Renewable Energy Stocks Take A Beating As Tax Bill Passes U.S. Senate

    • Date: 05/12/17
    • Investor's Business Daily

    First Solar and other renewable-energy stocks took a beating Monday as the tax bill passed by the U.S. Senate early Saturday contained provisions that could harm wind and solar energy investment and deployment. Vestas share price Several organizations supporting the renewable-energy sector sent a joint statement to members of the Senate, asking them to reconsider the Base Erosion Anti-Abuse Tax, […]

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  • Electric Vehicles Aren’t Taking Over Our Roads as Fast as Hype Artists Claim

    • Date: 04/12/17
    • Vaclav Smil, IEEE Spectrum

    Both the rate of EV adoption and the environmental benefits the vehicles will produce have been oversold Let me begin with a disclaimer: I am neither promoting electric vehicles nor denigrating them. I simply observe that the rational case for accepting EVs has been undermined by unrealistic market forecasts and a disregard for the environmental effects […]

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  • OPEC Just Did American Shale Drillers A Big Favor

    • Date: 02/12/17
    • Bloomberg

    OPEC and Russia just gave their most implacable foe, U.S. shale, an early holiday gift. As corporate boards for American oil explorers prepare to sketch out 2018 drilling budgets, Thursday’s historic agreement by Saudi Arabia, Russia and other major crude producers to extend supply caps for another year may prompt directors to spend more on […]

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