UK clean energy rules to add 36% to power bills by '20 for large energy-intensive comps. Medium-size 22%. Households ~7%. (2 different targets on households. Could be up, could be down. Choose up.) Target to cut GHGs 34% by '20 from '90 level. In Germany, large comps building their own power plants to sidestep surcharges. UK bills by '30 expected to be 60% higher for large comps, 39% for medium.
IMF suggesting $1.40/gal tax on gasoline in US. (Think that's going to fly?) ~$1,400/yr/person. Would raise $500B/yr. (Well, that's half the deficit.)
Shell to spend $1B/yr developing China shale gas. Production sharing with CNPC. Est. 1,275TCF recoverable. 24 wells drilled, 14 more this yr.
Kurds will have new pipeline to pump oil directly to Turkey in '14. (What's Baghdad going to do?)
Israel offshore gas wells in Med started production. Plan undersea pipeline to Turkey (that's what Bebe's apology was about).
Cal Air Resources Board added $6M to Clean Vehicle Rebate Project. Recent $4.5M from Cal E Commission. Expected to extend program until next yr's funds available. $2,500 rebate for buying, leasing CVs. Can be combined with fed tax creds, other incentives. Over $42M awarded in near 20K rebates so far.
Homeowners, small biz soon able to sell solar to Dominion VA Power. 15 cents/Kwh for 5 yrs. 20Kw cap for rez, 50 for biz. Total up to 3Mw. Aps start in June. Dominion also to build, op up to 30Mw comp-owned solar at comm, industrial, public locations.
CNPC to drill in 3 Russian Arctic locations. China Dev bank to lend Rosneft ~2B backed by future oil prod.
6-mile, 4-story, 460 ft below city Niagara Tunnel now in service. Hydro power to Ontario. 1.5Twh. $1.5B. Launched '05.
Happy resurrections, pards.
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