• Two-Thirds Of U.S. Gas Supply Now Comes From Fracking

    • Date: 06/05/16
    • Christine Buurma, Bloomberg

    Hydraulic fracturing, the method used to extract oil and natural gas from shale formations deep underground, has gone from a niche activity to the process responsible for more than two-thirds of U.S. gas supply. Fracking now accounts for 67 percent of marketed gas output, up from less than 7 percent in 2000, according to the […]

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  • Tesla Falls On Cash Concerns, Doubt About Manufacturing Goals

    • Date: 06/05/16
    • Dana Hull, Bloomberg

    Tesla Motors Inc. fell Thursday after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital. Shares in the electric-car maker fell 4.9 percent to $211.71 at 1:28 p.m. New York time. The shares had surged late […]

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  • One Of World’s Biggest Solar Manufacturer Teetering Toward Bankruptcy

    • Date: 04/05/16
    • Joe Ryan, Bloomberg

    Yingli Green Energy Holding Co., once the world’s biggest solar manufacturer, plunged the most in more than seven months after signaling it may be teetering toward bankruptcy. Yingli Green Energy Holding Co Ltd (Adr) Stock Chart May 2015 to May 2016 Yingli declined 21 percent to $3.60 at the close in New York, the most […]

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  • EU Carbon Drops Most in Two Months As Ruling Sparks Uncertainty

    • Date: 03/05/16
    • Stephanie Bodoni and Ewa Krukowska, Bloomberg

    Permits to emit greenhouse gases under the European Union cap-and-trade program had the biggest drop in two months after the region’s top court told regulators to correct mistakes in the way they calculate the allocation of free allowances to companies. Exxon Mobil Corp., Dow Chemical Co. and OMV AG lost a challenge to a EU […]

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  • It’s George Osborne Who Is Killing British Steel, Claims Tata Boss

    • Date: 29/04/16
    • The Sun

    George Osborne risks killing off British manufacturing with sky-high green taxes and business rates – the Indian boss of the Port Talbot steelworks blasted today. Tata Steel chief Bimlendra Jha said his UK business would be MAKING money if it had Germany’s electricity prices. And he told MPs that the Government’s existing policies – such as […]

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  • Venezuela On The Brink: Lights Go Out On Energy Socialism

    • Date: 27/04/16
    • Reuters & AFP

    Venezuela’s socialist government ordered public workers on Tuesday to work a two-day week as an energy-saving measure in the crisis-hit South American country. President Nicolas Maduro had already given most of Venezuela’s 2.8 million state employees Fridays off during April and May to cut down on electricity consumption. “From tomorrow, for at least two weeks, we […]

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  • Green Subsidy Fraud Leaves China’s Electric Car Demand in Doubt

    • Date: 22/04/16
    • Jie Ma and Craig Trudell , Bloomberg

    The Chinese government is examining whether it doled out money for fake electric car sales. The investigation casts doubt on the accuracy of reported Chinese electric-vehicle sales. The government now plans to phase out the subsidies after 2020. The numbers may have looked too good to be true. Suzhou Gemsea Coach Manufacturing Co., operating out […]

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  • Anti-Green Divestment: Poland Threatens To Kill Wind Industry

    • Date: 17/04/16
    • Henry Foy and Pilita Clark, Financial Times

    Poland’s thriving wind energy industry has warned that it faces bankruptcies, rapid divestment and an end to growth under a bill that threatens executives with prison. The wind power sector in Poland installed the largest amount of turbine capacity in the EU last year after Germany, taking total industry investment to €8bn. Turbines, including those […]

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