• 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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  • Power Hungry: Bangladesh To Build 25 New Coal Plants, Despite Oposition

    • Date: 17/04/16
    • Reuters

    DHAKA: The government of Bangladesh has indicated it is unlikely to abandon its push to build more coal-fired power plants despite growing opposition among local people and environmentalists. At least four people died and many were injured at Banshkhali in Chittagong earlier this month, when police opened fire at violent protests against the construction of […]

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  • Oil’s Price Collapse Is Draining Petrostate Coffers

    • Date: 16/04/16
    • The American Interest

    The petrostates assembling in Doha to discuss a potential output freeze two days from now aren’t coming together in a show of solidarity or out of some sense of duty towards one another, but rather as an act of desperation. Bloomberg ran the numbers, and found that the oil price collapse has collectively cost the […]

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  • Coal’s Future Shifts To Developing World

    • Date: 16/04/16
    • Graham Lloyd, The Australian

    There are 2300 new coal plants with 1400GW of capacity planned worldwide. China is planning to keep burning coal and to ship electricity to Germany, where the renewable revolution has made power so expensive it may soon be cheaper to get it from half a world away, from coal. [….] The US still gets roughly […]

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  • Western Oil Bosses Attack Developing Nations For Shifting Back To Cheap Coal

    • Date: 14/04/16
    • Matt Chambers, The Australian

    Origin Energy managing director Grant King has joined the head of French oil supermajor Total in criticising nations that signed up to the Paris climate treaty but are increasing their use of coal at the expense of gas.  “The thing that is a big puzzle is that the world entered into a treaty to limit […]

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  • The Largest U.S. Coal Company Files For Bankruptcy

    • Date: 13/04/16
    • Charles Riley and Chris Isidore, CNN

    Peabody Energy, the world’s largest private-sector coal producer, filed for bankruptcy on Wednesday in a U.S. court, citing “unprecedented” industry pressures and a sharp decline in the price of coal. The company said it will continue to operate while in bankruptcy, while working to reduce debt and improve cash flow. “Peabody has a new management […]

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