German energy firm E.On has said its annual net losses more than doubled in 2015 to €7bn after it wrote down the value of its loss making power plants by €8.8bn. [BBC News] Chevron Corp.’s Gorgon natural gas project off Australia’s northwest coast boasts the world’s biggest carbon dioxide storage facility and will cost the… Keep reading →
Norway’s biggest oil and gas producer, Statoil, has launched a new $200 million venture capital fund dedicated to investing in renewable energy. [Clean Technica] A new report, published by data analysis firm New Frontier, highlights the huge energy footprint of marijuana cultivation and outlines strategies to make production more energy efficient. [The Washington Post] Chinese-state… Keep reading →
OPEC has maintained its forecasts for oil demand growth and supply in its latest report, a precursor to its highly-anticipated meeting in December. [CNBC] Vacuum cleaner manufacturer Dyson has lost its bid to change European energy labeling laws. [BBC News] Coal from Adani’s proposed $16bn Carmichael project will create annual emissions similar to those from… Keep reading →
Spanish energy company Repsol says it will sell $7.1 billion in non-strategic assets over the next five years as part of a plan to increase efficiency and cope with weak oil prices. [US News/AP] U.S. law enforcement officials revealed ISIS have attempted cyber attacks at a conference of American energy firms who were meeting about… Keep reading →
Comparisons are being made to the volatile markets of 1998 due to oil testing lows, the struggle of emerging markets and a strong a strong dollar that is threatening to knock over debt dominoes. [CNBC] The Australian region of Victoria is planning to fast-track the construction of 50 new wind turbines worth $200m, countering the fossil fuel friendly… Keep reading →
Two new reports published today by the Department of Energy finds that wind energy is on a steady rise, and will be a key factor in reducing carbon emissions. [The Washington Post] Energy Future Holdings has finalized a deal with Dallas energy and real estate mogul Ray L. Hunt to sell its power line subsidiary… Keep reading →
The U.S. Department of Energy wants 20 percent of the nation’s energy to come from wind power in the next 15 years, targeting a 5% increase from current production levels. “A new Energy Department report finds that wind technology featuring taller towers and larger turbines may get the nation to that goal by opening up… Keep reading →
A new study from the Becker Friedman Institute has challenged the economic benefits of energy efficiency for consumers. “The study of households who received federal subsidies to “weatherize” their homes found the efficiency investments cost far more than they save. So consumers may not be irrational when they pass up such investments: the programs simply aren’t as beneficial as… Keep reading →
The EPA have begun the process of regulating greenhouse gas emissions from the largest domestic commercial airlines. “But some fear the ultimate approach may prove too weak. The agency released a proposed “endangerment finding,” meaning that it is suggesting that aircraft engines may “contribute to the air pollution that causes climate change and endangers public health and welfare.” That’s what the… Keep reading →
Lower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →
