• Solar Bankruptcy: Are Green Pensions Toast?

    • Date: 26/06/10

    AP Pension, PensionDanmark and PBU, three Danish pension providers with assets totaling €30bn, have written to the Spanish government and the EU Climate Action Commissioner voicing their concerns about Spain changing the tariffs for its solar power industry retroactively. The three providers, with some 700,000 members, have been investing in the Spanish solar power sector […]

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  • £360 Million Green Energy Plant is a Joke

    • Date: 23/06/10

    THE new “green energy” biomass plant proposed for Leith would take at least 40 years to become carbon neutral, according to a new study. In the meantime, critics claim, the £360 million plant would actually set back Scotland’s drive to cut carbon emissions. A report by the Manomet Centre for Conservation Sciences in Massachusetts, US, […]

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  • Europe’s Unconventional Gas Revolution?

    • Date: 22/06/10

    The stunning development of ‘unconventional gas’ in the United States, has led that country to replace Russia as the world’s largest gas producer last year. Can this happen in Europe as well? Theoretically, yes: the reserves are there. For the moment, however, there are factors that are putting a brake on the development of unconventional […]

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  • Green Subsidies Wreak Havoc On German Economy

    • Date: 21/06/10

    Germany’s support for renewable energy is “breaking” the nation’s ability to pay for power and threatens the competitiveness of electricity producers, Handelsblatt cited a former [green] industry group leader as saying. Guaranteed prices for solar and wind power, paid for by consumers, are threatening the renewable-energy industry’s ability to compete, the report said, citing Johannes […]

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  • Sunny Spain Suspends Solar Subsidy Scam

    • Date: 18/06/10

    Dead broke Spain can’t afford to prop up renewables anymore. The Spanish government is cutting the numbers of hours in a day it’s prepared to pay for “clean” energy. Estimates put the investment in solar energy in Spain at €18bn – but the investment was predicated, as it is with all flakey renewables, on taxpayer […]

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  • Spain’s Solar Industry Faces Bankruptcy

    • Date: 17/06/10

    Spain’s government will cut the revenue of most existing solar-power plants by 30 percent, a move that may bankrupt hundreds of companies that produce electricity using photovoltaic panels, a local trade group said. The industry ministry, after negotiating with trade groups for weeks, plans to reduce the number of hours a day during which they […]

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  • Captains Of Subsidy: CEOs Plead For More Energy Cash From Washington

    • Date: 16/06/10

    Now the trumpet summons us again—for a green industrial policy, according to the country’s best and brightest CEOs. Their report last week is an instructive case study in how, in the Age of Obama, the business class has managed to be both self-serving and naive. Last Thursday, Bill Gates of Microsoft, Jeff Immelt of General […]

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  • Reality Check: Unstoppable Coal

    • Date: 14/06/10

    As the new BP Statistical Review shows, coal, which last year’s report pointed out was the fastest-growing source of energy, was the only major source of fossil fuel energy that didn’t fall last year. It remained flat, while oil and natural gas consumption fell; total primary energy consumption was down 1.1 per cent. Coal is highly […]

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