9 June 2015, Renew Economy. Pressure on Abbott’s coal strategy as G7 signals end of fossil fuels: Less than a month after the Abbott government committed billions of dollars in funding to prop up Australia’s coal industry, the world’s major G7 democracies have set a deadline for weaning their economies off carbon intensive fuel sources like coal, oil and gas – and to help developing countries do the same – offering one of the clearest signals yet that the age of fossil fuels is coming to an end. At the close of the weekend Summit in Germany, the leaders of the Group of Seven nations – Canada, France, Germany, Italy, Japan, the UK and the US – pledged in a communique to develop long-term strategies to combat climate change, including abandoning fossil fuels by the end of the century. Read More here
Category Archives: Fossil Fuel Reduction
8 June 2015 Energy Post, Going for gas: the risky strategy of the world’s largest companies: They are the biggest companies in the world and they are making a huge bet: they are staking their – and our – future on natural gas. At the World Gas Conference in Paris, the major oil companies all avowed their belief that gas will be the world’s “fuel of choice”, because it is “the cleanest fossil fuel”, “abundant” and “competitive”. But Karel Beckman argues they are overstating the case for gas. And may even be betting on the wrong horse. “The question before us today defines our industry and perhaps our society in the 21st Century.” The “question” that Robert Franklin, President of Exxon Mobil’s Gas and Power Marketing Company, was referring to, during a panel debate at the World Gas Conference in Paris (1-5 June), was that of “how to meet the world’s energy demand while reducing the risk of climate change”. The answer to both sides of this question, he said, increasingly was: natural gas. Franklin was not alone. At the 26th edition of their triennial global gathering, the gas industry made it abundantly clear that they believe gas is the foremost solution to the world’s energy problems. One CEO after the other sang the praises of what Gazprom lovingly calls the “blue fuel”. Read More here
5 June 2015, The Conversation, Australia in the spotlight at climate talks, for all the wrong reasons: Australia yesterday received a grilling at the United Nations’ midyear climate negotiations in Bonn. Detailed questions were asked about its emissions reductions ambitions, its fair share of global effort, and whether the government’s domestic policies can deliver. Looking at the questions and answers, and who asked the questions, what can we learn about Australia’s current standing in this year of crucial international climate negotiations? Read More here
5 June 2015, New York Times, OPEC, Keeping Quotas Intact, Adjusts to Oil’s New Normal (what world do these men live in!!): The Organization of the Petroleum Exporting Countries agreed to keep the oil pumping, with no change in its production quotas, at the group’s meeting here on Friday. Even though oil prices are about 40 percent lower than a year ago,OPEC decided to keep its output target at 30 million barrels a day in an effort to maintain market share and respond to robust production in the United States. The Qatari minister of energy and industry, Mohammed bin Saleh al-Sada, who presided over the meeting, told reporters after the gathering that the decision had been unanimous and that the 12-country group was confident that “both demand and supply were of a healthy nature.” Read More here