Tuesday, December 1, 2015

AVG RATE OF SEA LEVEL RISE NEAR DOUBLE SINCE '93 .... US WILL KEEP COMMITMENTS MADE IN PARIS: OBAMA

Climate damage cost from coal mined from Powder River Basin in Wyoming more than market value of the coal.

US pledged with other countries to double spending on clean power R&D. Gates' initiative aims to cover the gap between R&D and market.

WV, TX officials letter to China, India, other countries says Obama Clean Power Plan illegal, likely to be struck down in court.

Carbon tax "most elegant way" to stop climate change: Obama.

Financial, other firms reaffirming case for fossil fuels taxes.

Australia PM pledging to ratify Kyoto 2, boost clean energy.

Monsanto pledging to go carbon neutral.

Extreme record smog in Beijing.

China to launch emissions tracking satellites.

Worst drought in 30 yrs in S Africa.

Commercial-scale rooftop solar power up 183% in '15. (Not clear if worldwide or US.)

Leo Motors (LEOM) launching line of EVs, E boats using "swappable" batts.

EPA to raise biofuels blending requirements in '16 to 18B gal. 11% increase from '14.

Japan plans to renew Antarctic whale hunt. Strong US protest.

Terra Form (TERP), Sun Edison (SUNE) canceled $3.45B Brazil deal. SUNE $250M buy of Renova Energia called off.

Hanwha Q-Cells (HQCL) connected 8.3Mw solar plant to Turkey grid.

Canada's largest property insurer launched $3M center to reduce climate risks.

China implementing major power sector reforms, shifting toward market econ.

Thermal Energy Partners (TX) signed $800M PPA for 1st of 4 planned geothermal plants in Caribbean. 9Mw 1st phase ~$65M online in '17. Air, not water, tech. ~500Mw total gen from all 4 plants.

National Grid (UK) called for emergency supplies to keep grid stable.

Beijing to allow indy refiners - 20% of China refining cap - to export fuels for 1st time.

China-led Nicaragua canal project postponed for a year.

US oil rig count down 9 last week. Down to ~1/3 of last year.

US proved NG reserves up 34.8TCF - 10% - in '14 to record 388.8TCF: EIA. Oil reserves up 3.4B bls - 9% - to 39.9B bls, highest since '72. Oil production up 17%, NG production up 6%. ('15 data likely to erase most of '14 gains.) (And if you aren't confused enough .... try IEA.)

Japan to finance $100M for solar plant in Egypt.

China loaning $1.2B for Zimbabwe coal plant expansion.

Vestas (VWDRY) got 201Mw wind turbine order for EDF US project.

Solar 3D (SLTD) closed buy of Elite Solar.

RWE to spin-off new clean power comp, list IPO.

US Ex-Im Bank reauthorization in highway bill.

Finally, here's one to chew on: photosynthesis declines rapidly at over 95*F.

Onward and upward, pards.

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