• Nuclear Industry Wants Competition Priced Out

    • Date: 19/09/10

    British Gas owner Centrica will be forced to spend billions of pounds on new gas-fired power stations to keep the lights on if it does not secure consent for the Hinkley nuclear reactor by early 2012. Delays in the planning system could also spark a dash for gas among other energy providers. Centrica chief executive […]

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  • Deutsche Bank Puts Its Mouth Where Its Money Is

    • Date: 17/09/10

    International financial services heavyweight Deutsche Bank has taken aim at climate change skepticism in a just-released report that catalogs and counters the arguments denying man-made global warming. The report, titled Climate Change: Addressing the Major Skeptic Arguments, was commissioned by the bank and written by scientists at Columbia University’s Earth Institute. It lists 12 common […]

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  • Spending Review May Axe CCS Subsidies For Coal Companies

    • Date: 16/09/10

    The Treasury’s public spending review has cast doubt on the future of Longannet power station’s ambitious carbon capture programme, despite a commitment by ScottishPower to invest £5 million in university research on the project. The question mark comes despite commitments by the UK coalition Government to maintain the previous Labour government’s plans to finance four […]

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  • What Russia and China Really Think About Decarbonisation

    • Date: 15/09/10

    The Ministry of Industry and Trade of the Russian Federation said in a statement posted on its website that China last month has agreed to offer Russia US$6 billion in loan in exchange for a 25-year long coal supply, sources reported. According to the statement, China plans to increase its annual coal import from Russia […]

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  • Mafia Goes Green

    • Date: 14/09/10

    Police in Italy have seized Mafia-linked assets worth $1.9 billion – the biggest mob haul ever – in an operation revealing that the crime group was trying to “go green” by laundering money through alternative energy companies. Investigators said the assets included more than 40 companies, hundreds of parcels of land, buildings, factories, bank accounts, […]

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  • Public Backlash: Denmark Turning Again Windfarms

    • Date: 12/09/10

    Denmark has long been a role model for green activists, but now it has become one of the first countries to turn against the turbines. To green campaigners, it is windfarm heaven, generating a claimed fifth of its power from wind and praised by British ministers as the model to follow. But amid a growing […]

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  • Did ‘Renewables Mania’ Cause The Tech Slide?

    • Date: 09/09/10

    Catherine Rampell did a marvelous job in Tuesday’s New York Times of pulling the cover off one of the most overlooked impediments to economic recovery: stagnation in the tech sector. Silicon Valley and other American tech centers simply aren’t coming up with the marvels they produced in the late 1990s and early 2000s.  Perhaps the Internet Revolution […]

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  • French Taxpayers Face €54 Billion Wealth Transfer To Green Investors

    • Date: 07/09/10

    France needs to revise targets for solar energy and further cut subsidies to curb costs to consumers that may balloon to 54 billion euros ($70 billion) by 2020, according to a government report. New installations should be capped at 300 to 500 megawatts a year, wrote Jean-Michel Charpin in a report published on the finance ministry’s website […]

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