Tuesday , August 14 2018
Home / Energy (page 20)

Energy

Renewables not growing fast enough to wean us off fossil fuels

Turbines traffic

Renewables and nuclear will be the fastest growing energy sources by 2040 according to the latest projections from the U.S. Energy Information Administration (EIA).  Renewables are expected to grow by 2.6 percent per year and nuclear by 2.3 percent; with the highest growth rates in developing, non-OECD states. Unfortunately, almost …

Read More »

Oil and Gas giants go renewable

Windy Future

Competition in the renewable energy sector is about to heat up, says Selina Williams at the Wall Street Journal.  This is because major global oil and gas companies such as Royal Dutch Shell and Total have begun to invest in the sector: “While the investments of Europe’s biggest energy companies …

Read More »

Britain needs a rethink on nuclear energy

Hinkley

New Nuclear Watch Europe, an industry-funded pressure group, called on ministers to review which nuclear projects are most likely to be built, according to Kiran Stacey at the Financial Times.  In particular, ongoing problems with the Hinkley Point C project threaten to undermine the whole industry: “Other projects are currently …

Read More »

Third Energy fracking plan to be approved

Kirby Misperton

Third Energy’s application to hydraulically fracture an existing gas well at Kirby Misperton in north Yorkshire looks set to be given the go-ahead according to Nina Chestney at Reuters: “[A] report by the head of planning at North Yorkshire County Council was prepared ahead of a meeting of councillors due …

Read More »

UK Energy Act fails to win favour with industry

UK Parliament

The Energy Act 2016 was passed into law yesterday.  The Act – which is seen as an attack on renewable energy – is designed to promote further development offshore and onshore oil and gas in an attempt to arrest the sharp fall in output from the North Sea fields.  Secretary of …

Read More »

Is the UK ready for an energy transition?

Renewables

Faced with an uncertain energy future, Britain’s businesses are voting with their feet.  As we have reported on this site in recent days, supermarket giant Sainsbury’s is planning to generate all of its own energy from biogas, while confectionery manufacturer, Mars aims to operate all 12 of its UK plants …

Read More »

Pension funds exercise their energy muscle

Exxon Protest

Pension funds are putting pressure on ExxonMobil to start telling its shareholders how climate change will affect the oil giant’s business, according to Ben Walsh at the Huffington Post: “The California public employee pension fund and the New York City pension fund, which together manage $433 billion in investments, told …

Read More »

Energy firms are abandoning the Arctic

Backbone Campaign

Low oil prices and uncertainty over climate change policy is making an impact on energy companies in the Arctic, according to Helle Abelvik-Lawson at Greenpeace: “Shell, Eni, ConocoPhillips and Iona Energy have surrendered a total of 350 oil drilling leases covering more than 2 million acres of the Arctic Ocean.  …

Read More »

UK electricity grid crashed on Monday

Candle

British energy supplies fell below critical levels on Monday night as several UK power stations broke down, according to Kiran Stacey in the Financial Times: “Power prices jumped to £1,250 per megawatt hour at one point as the company that runs the UK’s electricity network rushed to make sure there …

Read More »