POTUS Obama proposing limits on GHG emissions from existing power plants, new plants. Also proposing new fuel efficiency standards for heavy-duty trucks, new efficiency targets for appliances, buildings. Also to commit $7B for international climate mitigation, adaptation. Also $8B in loan guarantees for innovative energy efficiency, fossil fuel projects like carbon capture/storage. Goal to bring GHG emissions 17% below '05 levels by '20.
Tenaska (Neb) canceling development of 2 coal-fired power plants. To focus on power gen from NG, clean/renewable.
GE to help China's solar industry expand, meet quality standards.
Pressure building on India to ban HFCs.
Illegal Indonesia fires causing serious health impacts in Singapore.
Australian comps complying with carbon permits for 1st time.
UK Energy Minister wants 20Gw solar by '20.
Abu Dhabi to invest $1.5B in UK's clean/renewable energy sector over next 7 yrs. Deal between UK Green Investment Bank and Masdar. Masdar already invested $500M in London Array offshore wind farm.
Study on stray gas in PA water wells "rules out biological source". Gaps, cracks in cement seals encasing wellbores suspected.
More benzene (carcinogenic) detected near Wisc oil pipeline spill.
Bankrupt EV maker now energy storage firm Coda Energy.
DOE Water Power Program requesting input from ocean power industry on improving manufacturing processes for ocean, tidal, wave power techs.
EIA admits they overestimated NG production 66% of the time, oil production 60% of the time in March '13 reassessment of '12 figures. Shale oil-gas reserves have been overestimated by up to 400-500% by operators to get more money loaned. Leases were bundled, flipped by Wall Street on unproved shale fields just like during mortgage securities bubble. (The latest game, I guess. And EIA in on it. Or scammed. Huh. I guess we'll see that implode in years (months?) ahead.)
Calgary Canada may be without power for months following flooding. 750 bl oil pipeline spill in N Alberta. "Water may have moved ground." Enbridge shut down 2 major oil pipelines that serve tar sands region as precaution. (Ironic? Deluge on tar sands region.)
Sinopec subsid buying Marathon's 10% share in Angolan offshore oil/gas field for $1.52B. Will increase Sino's share to 15%. Block 31 run by BP. Est. to hold 533M bls.
FTC opened probe of oil price-fixing. In tandem with EU probe already begun.
Coca-Cola Foundation awarded $36M of sustainability grants in Q1.
ACORE new study highlights key strategies to scale-up US clean/renewable energy industry.
Global Data: EV production to drive advanced batt market revenues to $61B by '20. $20B in '12. 73% of advanced batt mart. Lith-ion batts set to maintain market dominance with 87% of market.
POTUS Obama also pledged to end Ex-Im Bank financing of overseas coal projects except for poorest nations or for carbon capture/storage. Ex-Im financing for fossil fuel projects reached record $9.6B in FY12, almost double '11, 5x '08.
Happy trails, pards.
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