• Green Madness: Germany’s Power Grid Overhaul to Cost €20 Billion More Than Expected

    • Date: 05/02/19
    • Bloomberg

    Germany’s plan for new power cable “autobahns” to take wind and solar energy from the north to the south of the country is set to cost billions more than envisaged. The grid upgrade will cost as much as 52 billion euros ($59 billion), 53 percent more than was budgeted for in 2014, the companies building […]

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  • India Ramps Up Spending On Coal Exploration As It Slashes Funds For Mine Safety

    • Date: 02/02/19
    • Reuters

    NEW DELHI (Reuters) – The Indian government will increase spending on exploration of coal and lignite by 20 percent in the coming financial year but will slash funding for coal mine safety and conservation, according to the budget document released on Friday. India is one of the world’s largest consumers of coal and rising imports […]

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  • Will California’s Green Energy Agenda Go Up In Smoke?

    • Date: 01/02/19
    • National Public Radio

    Bankruptcy lawyers this week began hashing out the future of PG&E, one of the country’s largest utilities, and with that comes a battle over billions of dollars in renewable energy power. PG&E filed for chapter 11 protection because of potentially billions in liability over recent wildfires. That has solar and wind companies concerned that the […]

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  • China Plans To Use Nuclear Bomb Detonator For Next Shale Revolution

    • Date: 29/01/19
    • South China Morning Post

    China is planning to apply the same technology used to detonate a nuclear bomb over Hiroshima during the second world war to access its massive shale gas reserves in Sichuan province.   While success would mean a giant leap forward not only for the industry but also Beijing’s energy self-sufficiency ambitions, some observers are concerned […]

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  • The Era Of Ultra-Cheap Solar Panels Is Over

    • Date: 28/01/19
    • OilPrice.com

    Solar developers and investors may have to brace for solar panel costs to start rising after a 30-percent plunge last year. The period of ultra-cheap solar panels is over, according to the president of one of China’s largest solar panel manufacturers. The party is definitely over, Eric Luo, president of China’s GCL System Integration Technology, […]

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  • The New Shale Revolution: U.S. Set To Pump More Oil Than Russia And Saudis Combined

    • Date: 26/01/19
    • OilPrice.com

    In a major shift, the United States is set to produce more oil and liquids than Russia and Saudi Arabia combined by 2025. (Click to enlarge) In Rystad Energy’s base case oil price scenario, US liquids production is forecast to surpass 24 million barrels per day over the next six years, thereby outpacing the combined output from […]

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  • Coal Isn’t Dead: China Proves It

    • Date: 25/01/19
    • Jude Clemente, Forbes

    China approved nearly $6.7 billion worth of new coal mining projects in 2018, and production increased 5.2% to 3.55 billion tonnes. Responsible for 46% of global production and 51% of global demand, China’s coal reliance is not falling nearly as fast as some like to claim For demand, too many confuse the crucial difference between “growing less slowly” or remaining […]

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  • Norway’s $1 Trillion ‘Green’ Wealth Fund Boosts Its Coal Exposure

    • Date: 23/01/19
    • Bloomberg

    Norway’s massive sovereign wealth fund has increased its exposure to coal reserves even after imposing restrictions on investing in the fossil fuel that’s seen as one of the main catalysts for global warming, according to a report. The findings are another illustration of how the ban, which restricts investments in companies that get more than 30 percent […]

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