Monday, August 3, 2015

FINAL CLEAN POWER PLAN FROM WHITE HOUSE TODAY. GIVES STATES UNTIL '22. Phase-in '22-'30. 1 more year to '18 to submit plans. $8.4B est. cost. Emissions cut of 26-28% by '25 .... Brown declared state of emergency in Cal over wildfires .... Majority of Californians support current climate change policies, moves to strengthen them .... Arctic warming faster than any other place on Earth: USGS .... Seattle broke 57-yr-old heat record .... China's econ growth will cease without energy diversity from fossil fuels: report .... China's clean/renewable energy mart now over $89B/yr .... Solar industry growth peaking: analysis .... Cruz totally denies climate change .... Florida panther population falling quickly .... EPA updating ozone data in prep for new rules .... Global LNG supply likely to overwhelm demand in next 5 yrs. 120M tons/yr supply coming online by '20 from Australia, US, Russia, Malaysia, E Africa. Only 78M tons of regas cap will be in place .... US coal production down 15% since '08 .... Duke bought 50Mw of solar projects in Cal from Kruger Energy .... US oil production down to 9.5Mb/d at end of May from peak 9.7M in March: EIA .... EIA fessed up late Friday. Actual US oil production was down from April to May, 254Kb/d less than estimates .... N Dakota reported its oil production 1.2Mb/d in May v. 1.17M in April .... Foreign oil producers started writing off Libya assets. BP wrote down $600M last week. Total already $755M. Eni, Repsol in there. Libya oil production now below 400Kb/d after power cuts to oilfields. Eastern power grid may be about to collapse. World waits for unity govt formation in Tripoli .... 80% of 27M folks in Yemen need humanitarian help: UN. Houthis largely driven out of Aden .... Iraq Kurds to cut out Baghdad, pay oil comps themselves. Baghdad sent paltry sum in latest payout to Kurds. Repair to blown-up oilpipe (by Turk Kurds) from Kurdistan to Turkey to cost $250M .... Canada 5 months of econ contraction mostly from oil prices .... Shell cut 6,500 jobs, '15 capex $3B .... US coal powergen forecasted to fall to 27% by '30 .... EBRD set to make record equity investment in Turkey this year .... Impax (UK) sold 13.8Mw wind farm in France to BKW (Swiss).

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