Tuesday, April 29, 2014
US Supreme Court upheld EPA cross-state air pollution rules ... Cal air board added mine methane capture to cap-and-trade system ... Paper giant announced 2.5M acre rainforest conservation plan in Indonesia ... Indian monsoons more extreme last 30 yrs: study ... Turkey plans to grow econ with turn to coal power... Chile pondering carbon tax to help establish solar power ... Methane leaks from NG distribution continue to fall: industry group ... DOE recommending grid operators pare down software on critical systems ... Japan began publishing NG spot prices ... Canada's entire biodiesel production in '13 exported to US - 300M liters - to get US tax creds of $1/gal. Canada imported 520M liters to meet 2% blend mandate ... WTWO started biofuel production at Canada facility. (Stock up 17x since yearend.) To use cash flow from sales to ramp production high enough to apply for credit lines to move to full production ... Cost under $2M in S Africa to upgrade sugar mill to also make ethanol ... Energy Future filed bankruptcy ... Drought damage to Kansas winter wheat ... 9 of 10 US oil/gas wells need some form of fracture stimulation. Over 2/3 of N Am rigs drill horizontally ... S Australia hit 33% clean/renewable energy target 6 yrs early ... Global low carbon econ to grow 4%/yr: UK Energy Secretary ... Europe's offshore wind industry costs to fall 23% in 10 yrs ... Egypt planning $1B solar project ... SUNE closed finance for 60Mw Cal solar project. Online by yearend ... Solar Wind Energy Tower (SWET) got AZ city's approval for $1.5B solar power tower. Est. online by '18. 435Mw avg, up to 1.2Gw in summer ... Pattern Energy (PEGI) to raise $460M in share offering ... EDP Renovaveis (Portugal) entered Mexico mart with 180Mw wind project ... China Longyuan Power 1Q net up 15% yoy to $115M ... PLUG to raise $124M in secondary offering. $5.50/sh ... NRG Yield unit closed on $450M revolving credit ... Nevada latest state to get fracked. Noble Energy. Deposits previously inaccessible ... US fracking ops have used 250B gal of fresh water since '05: report ... Kazakhstan fined new oil field developers $737M for NG leaks from pipelines that shut down production. No oil this year. Have to lay new pipe. Now govt is destabilizing. Cracking down on freedoms. Media has to get approval for copy 24 hrs in advance. New regs also allow govt to suspend political parties, public associations, ban photocopier use, broadcast equipment, gun sales, impose curfews. (Heads up.) ... Argentina potentially holds world's 4th largest shale resources behind Russia, US, China. Could hold up to 27B bls oil, 800TCF NG ... US GHG emissions could be 4% higher than now by '40 if more nuke plants are retired than expected (assuming NG, clean energy fills void). If more coal plants retire than expected, emiss could be 20% lower than expected ... 72Kb/d still offline in Colombia. Pipe blown up over month ago. Natives won't allow repair under current conditions ... Scottish Power's powergen unit sank into red last yr. Rising green taxes, high wholesale NG prices ... LDK Solar to provide 850Mw of wafers over 4 yrs to Gintech Energy ... Dutch govt blocking local solar projects ... Apples atop enviro grp's annual list of produce containing pesticides ... Brazil ethanol exports to US to plummet after US cut biofuel targets.
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