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October 31, 2008
2008 Bioneers Conference hosts first indigenous tent
After 19 years of hosting
a “green” festival, the 2008 Bioneers Conference
hosted its first-ever “indigenous tent” this year.
About the US Fed
Cut
The Federal Reserve lowered the Federal funds rate by
50 basis points to 1% today, pointing to the deterioration in economic
growth and highlighting that the "intensification of financial market
turmoil is likely to exert additional restraint on spending, partly by
further reducing the ability of households and businesses to obtain credit."
AEP might know by late November when Cook-1 can restart
American Electric Power said it doesn't expect to have an estimate for
Cook-1's return to service until late November. The unit has been shut since
September 20, after vibrations damaged the main turbine, causing a hydrogen
leak that resulted in a fire in the main generator...
Antarctica hit by climate change
In its landmark Fourth Assessment Report, the Intergovernmental Panel on
Climate Change (IPCC) declared in 2007 that human influence on climate "has
been detected in every continent except Antarctica". Now a paper in Nature
Geoscience says that our impact can be found even in the last wilderness.
Didn't we already know that human activity was warming the Earth?
Bond Yields Drive US Long-Term Mortgage Rates to Higher Levels
Freddie Mac (NYSE:FRE) yesterday released the results of its Primary
Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM)
averaged 6.46 percent with an average 0.7 point for the week ending October
30, 2008, upfrom last week when it averaged 6.04 percent. Last year at this
time, the 30-year FRM averaged 6.26 percent.
Canada, Mexico's hot waste comes into Utah under radar
Federal regulators gave their blessing to low-level radioactive waste
from Canada and Mexico that is now buried in Utah.
But Utah never got the memo. Nor did the regional
radioactive waste oversight organization Utah belongs to.
'Carbon trading' now big business
While recent months have seen a global contraction in both debt and equity
markets, at least one financial market has been booming this year, a market
that scarcely existed five years ago.
The global market for "carbon trading" grew 36 percent between January
and September, to $84 billion from $67 billion,...
Climate Change To Help Short-Lived Creatures - Study
Climate change is likely to disrupt food chains by favouring animals
with short lifespans over often bigger rivals that are worse at tolerating
temperature swings, scientists said on Thursday.
Climate-Warming Methane Levels Rose Fast In 2007
Levels of climate-warming methane -- a greenhouse gas 25
times as potent as carbon dioxide -- rose abruptly in Earth's atmosphere
last year, and scientists who reported the change don't know why it
occurred.
Coal plant backers pressure wind supporters
The latest squall to blow through Minnesota energy developers is a letter to
wind projects in the western part of the state -- from the agency that
controls the power grid -- saying it would be in their best interests to
support a new coal plant in South Dakota.
Combined Heat and Power Plants Account for 12 Percent of Global
Electricity Production
Just over 12 percent of global electricity production is
provided by cogeneration, also known as combined heat and power (CHP).
Credit woes could put more oil, gas rigs offline; Chesapeake CEO
The US oil and gas exploration-and-production industry will likely take
out of service between 300 and 500 drilling rigs in the coming months, as
the
industry continues to be wracked by the global credit crisis and soft energy
commodity prices, Chesapeake Energy CEO Aubrey McClendon said Friday.
Dr. Bob Adds It Up
Is it just me, or has anyone else noticed that things just don't seem to
add up anymore? What used to be important to investors now somehow
doesn't matter. And things that no one used to focus on suddenly have
become the only things that matter in this crazy upside down world of
investing.
EIA ANALYSIS; Gasoline stocks resume downward trend
US refiners cut gasoline yields as a negative crack spread deterred
output, contributing to a resumption in the downward trend in inventories,
an
analysis of the weekly US oil data from the Energy Information
Administration.
Electricity Projects; Will Feds Seize Control From States?
Connecticut Light & Power Co. has filed plans with the state to build 12
miles of overhead power lines in north-central Connecticut as part of an
overhaul of the state's aging and inefficient transmission system.
But while residents and politicians bitterly fight the project on the local
level, a bigger power struggle is brewing.
Environment, Economy Weigh On Bottled Water Sector
The world's top sellers of bottled water are trying to
stop western consumers turning back to the tap by addressing
environmental issues and trumpeting health benefits, while expanding
aggressively in emerging markets.
Environmentalists Say Renewable Energy Brings Economic Benefit
A new report said investing in renewable energy would
not only help reduce heat-trapping greenhouse gasses, but create a
booming industry and help the global financial crisis.
Financial Crisis Has Lessons For Climate Fight - Expert
The world still has the funds and ability to fight
climate change and nations should not use the financial crisis to delay
policies on tackling global warming, a top carbon expert said on
Thursday.
Financial crisis must not put brakes on EU energy research; EC
It would be a "historic error" if the current economic uncertainty were
to put the brakes on the EU's development of low-carbon energy technologies,
EU research commissioner Janez Potocnik said Tuesday.
Four Projects To Save Jobs And Cut Emissions
A growing "carbon army" of environmentalists and bankers
have seized on political support to boost flagging economies to press
for more spending on climate-friendly projects.
Fuel cell energy recovery generation
Instead of using a valve which wastes the pressure energy, the DFC-ERG
power plant directs the high-pressure gas through a turbo expander,
which harvests the waste energy for power generation much like a wind or
water turbine. The integration of the fuel cell more than doubles the
amount of low-impact electricity that is delivered to the electricity
grid, and the non-combustion heat from the fuel cell eliminates the need
for the boiler and its emissions
Green Seal program to recognize sustainable companies
Green Seal has launched a new program to recognize truly sustainable U.S.
companies to help consumers cut through misleading environmental claims and
greenwashing.
Green oil by 2020
The Carbon Trust is launching the Algae Biofuels Challenge seeking to
commercialise the use of algae biofuel as an alternative to fossil based oil
by 2020.
Humor – Or
Rather Poetry
The following is NOT a parody, in the sense that a parody can be
“amusing” or “comic”. If anything, ours is a “re-imagining” that is very,
very dark.
IBERDROLA RENEWABLES Releases First Company-Wide Avian and Bat
Protection Plan Calling for Wildlife and Habitat Protection
IBERDROLA RENEWABLES today released the wind industry's
first company-wide Avian and Bat Protection Plan.
Inbox 103008
In recent months the authority, under the guidance of
director Norm Steenstra, has come up with creative ways to
recycle pretty much you-name-it: plastic bags, wooden
pallets, glass, plastic utensils, straws, beverage lids,
CD jewel boxes, foil blister packs, bubble wrap, plastic
toys, truck bedliners, books, outdoor playsets, water
coolers, large appliances ...
Man-Made Climate Change Seen In Antarctica, Arctic
Both Antarctica and the Arctic are getting less icy
because of global warming, scientists said on Thursday in a study that
extends evidence of man-made climate change to every continent.
NCAI passes record number of resolutions
Seventy-two motions address recognition,
litigation, health care, other issues.
NOAA And NSF Commission National Study Of Ocean Acidification
"Carbon dioxide released into the atmosphere through the burning of
fossil fuels is not only contributing to atmospheric climate change," said
Dr. Steven A. Murawski, director of scientific programs and chief science
advisor for NOAA's Fisheries Service. "These emissions are being
absorbed into the oceans with potentially catastrophic effects on life
in our oceans.
On Energy Issues, Candidates' Funding Priorities are Fueling the Debate
U.S. presidential candidates John McCain and Barak Obama
clash over tax and foreign policy, but their energy proposals are more
alike than their campaign rhetoric suggests.
Ontario Becomes Wind Power Leader In Canada
Ontario is the leader in wind power in Canada with today's launch of the
second phase of the Melancthon EcoPower Centre near Shelburne, Ontario.
Operation
Energy Transition
The number of plans for developing sustainable energy
resources as we face the reality of a global energy crunch are
expanding. Many of these plans include crucial elements, which, if
combined, would provide us an elemental blueprint for scaling the oil
peak, knowing that a solid base camp would be waiting on the other side.
Pickens' wind project finds rough sailing
A deflating economy has taken the wind out of a massive Panhandle
alternative energy project.
Tight lending stalled a $2 billion wind farm project headed by
billionaire oilman and alternative power proponent T. Boone Pickens
Quote of the
Day 103108
"But the biggest part can be played by the countries that
have got the biggest surpluses...I think it is the countries that have got
substantial reserves, the oil-rich countries and others who are going to be
the biggest contributors to this fund."
UK Prime Minister
Gordon Brown
Renewable energy-specific batteries
Trojan Battery
Company has developed a new RE Series line of batteries for renewable
energy applications.
Report of Solar-Geophysical Activity 103108
Geomagnetic field activity was at quiet to active levels. ACE solar
wind measurements indicated Earth remained within a recurrent
coronal hole high-speed stream. Solar wind velocities ranged from 632 to 723
km/sec during the period.
Rising CO2 Accelerates Coral Bleaching - Study
Rising carbon dioxide levels in the world's oceans due
to climate change, combined with rising sea temperatures, could
accelerate coral bleaching, destroying some reefs before 2050, says a
new Australian study.
Scientists Deep in Nuclear Waste
Teams from GNS Science and from the United States are assessing whether
waste from nuclear power plants could be stored safely underground in
earthquake- prone Japan.
Slump Slows
Carbon Efforts
The economic downturn is pulling under the sweeping attempt in this country
to cap carbon emissions. Until an uptick occurs, the focus will be altered
and now concentrate on making gradual adjustments to limit greenhouse gas
emissions.
South Carolina utility's plan stirs coal-ash debate
On the banks of the Great Pee Dee River, Santee Cooper wants to build a
giant power plant that would consume 410 tons of coal every hour and
generate enough electricity for 600,000 homes.
Burning all that coal also will generate huge volumes of potentially harmful
ash, and Santee Cooper plans to store it in a landfill and holding pond on a
bluff above the river.
State is Poised to Be at Center of Alternative Energy
Wind is the leading alternative energy source in the nation and its
development could result in hundreds of jobs and millions of dollars of
investment.
U.S. EPA Orders California Water Systems To Decrease Arsenic In Drinking
Water
The U.S. Environmental Protection Agency has ordered 11
public drinking water systems throughout the state of California to
reduce the level of arsenic in their respective drinking water systems
or face penalties of up to $32,500 per day for each violation.
U.S. Solar Power Manufacturing Growing Dramatically
New manufacturing facilities for solar cells and modules
in Massachusetts, Michigan, Ohio, Oregon, and Texas promise to add
enough capacity to produce thousands of megawatts of solar devices per
year within the next few years.
UK climate change bill passes third reading in House of Commons
The UK climate change bill passed its third reading in the House of
Commons late Tuesday evening, a spokesman for the government Department of
Energy and Climate Change confirmed Wednesday morning.
The bill would set a legal target on the country to cut emissions by 80%
by 2050 from 1990 levels.
UN Scheme Aims To Use Carbon Credits To Save Forests
The United Nations hopes to include a market-based scheme aimed at using
carbon credits to save rainforests as part of a broader pact to fight
climate change.
US coal production up 6% on year in week ending October 25; EIA
US coal production totaled about 23.2 million short tons in the week that
ended on Saturday, 2% above the prior week and 6% above estimated output in
the comparable week of 2007, the Energy Information Administration said
Thursday.
US energy security needs not falling along with oil prices; Palin
The Alaska governor told voters in the swing state that prices will
likely rebound when the economy improves if foreign countries continue to
control US energy supply via oil exports.
WFES
expects 'record numbers'
A “record number” of heads of state, business leaders, politicians,
investors and exhibitors have confirmed plans to participate in the second
annual World Future Energy Summit (WFES) in January.
What's Moving the Oil Markets 103108
•Crude futures fell in early European trading Friday, amid fears that
demand will continue to weaken, despite attempts by central banks to bolster
the global economy, sources said. "It appears that the falling demand
scenario is coming back into play on the back of poor global economic data,"
Robert Laughlin of MF Global said in a report.
•A series of interest rate cuts by central banks and various stimulus
packages have failed to curb falling oil prices, sources noted.
•In addition, weaker global demand and additional global
refining capacity have pressured refining margins, limiting a crude oil
recovery, sources added.
Windmill on the
radar
Early tests of Cambridge Consultants’ Holographic Infill Radar technology
indicate that it can distinguish between turbine blades and other moving
targets
Wind farms have been found to confuse existing radar systems,
compromising air traffic control.
WWF Says Reckless Consumption Threatens The Planet
The Earth's natural resources are being depleted so
quickly that "two planets" would be required to sustain current
lifestyles within a generation, the conservation group WWF said on
Wednesday.
October 28, 2008
74% of top 100 U.S. companies release sustainability data
"With increasing evidence that conducting business responsibly contributes
to shareholder value, it´s not surprising that more U.S. companies are
highlighting their corporate responsibility efforts,"
A call
for unity and activism
Joe Garcia, president of the National Congress of
American Indians, opened the organization’s 65th annual convention with
a rousing call for unity and a new, informed activism to move tribal
nations forward as full partners in federal government decision making
and leaders in the Earth’s healing.
A
Rebirth for U.S. Nuclear Sector
After three decades without starting a single new plant, the American
nuclear power industry is getting ready to build again.
'Alert' Ends at Susquehanna Nuclear Plant
The "alert" at the Susquehanna nuclear plant in Luzerne County near Berwick,
Pa., ended at 5:26 p.m. EDT Monday (10/27) after plant operator PPL
Susquehanna confirmed that oxygen levels returned to normal in a pump room
related to the Unit 2 reactor, and plant workers shut off the flow of
nitrogen that was being used to support maintenance work on water piping in
the room.
Amid Economic Downturn, Asia Companies Maintain Optimism
As the global economy slides toward recession, companies in Asia continue
to invest in their businesses and report that the credit environment across
the region remains more benign than in Europe and the United States,
according to a new Greenwich Associates Market Pulse.
Arizona task force releases plan to tap renewable resources
Arizona stakeholders have mapped out a plan to build a series of power
lines to reach six renewable energy zones with capacity of about 7,750 MW.
China sets price for cooperation on climate change
China wants rich countries to commit 1 percent of their
economic worth to help poor nations fight global warming, and will press
for a new international mechanism to spread "green" technology
worldwide.
City unveils federal solar power initiative
The City of Milwaukee will seek to expand training for solar panel
installers and boost consumer awareness about solar power under a
partnership with the U.S. Department of Energy.
Climate Change Needs Outlined; People Key Element in Fighting Crisis
Representatives of state government and the business community said Friday
they are working aggressively to respond to the current energy and climate
crises, but that it also would take a wider cultural change among Americans.
CO2 curbs may be too late for reefs, study warns
A new global deal on climate change will come too late to save most of
the world's coral reefs, according to a US study that suggests major
ecological damage to the oceans is now inevitable.
CO2
Emissions And Imperiled Species
IN THREE MEMOS released this month, the Environmental
Protection Agency and two federal wildlife agencies contend that when
making regulatory decisions they need not consider the climate-change
impact on endangered species.
Davis-Besse radioactive leak is fixed; NRC says water in area is safe to
use and drink
Radioactive tritium was found leaking from a drainage pipe at FirstEnergy
Corp.'s Davis-Besse nuclear plant north of Oak Harbor, the Nuclear
Regulatory Commission said yesterday.
Financial meltdown -- the implications for energy
The latest chapter in the US financial crisis has started to claim victims
in the energy world. US investment banks were/are active in many energy
markets around the world, from European power and gas to crude oil
derivatives and the physical delivery of jet oil and gasoline.
Funding Becoming Harder To Get For Green Startups
Saving the planet is looking a lot less profitable than
it was a few months ago, and investors once enamoured with finding the next
high-flying alternative energy startup are retrenching.
GMO-Crop Crisis a Rapidly Growing Concern Grass-root seed and food conferences are springing up everywhere, it
seems, and there is a common thread woven through each one - genetically
modified organisms, or GMOs.
Green Energy And IT? A Match Made In Heaven!
Electronics giants have various options to produce devices that are less
damaging for the environment. Among the easier options is to design products
that are less energy consuming. But the companies are increasingly devoting
their talent and know how to the creation of proprietary power generating
systems for their own manufacturing plants to run on wind or solar energy.
Group to sue government for failing to update standards
An environmental group has put the federal government on notice that it
intends to sue over the alleged failure to update emission standards for
hundreds of landfills.
Group; Governments forced to invest in climate change
Deutsche Asset Management is predicting the accelerating pace of global
warming will force governments to invest more heavily to mitigate climate
change impacts despite the current state of the economy.
Hidden Cost Of China's Coal Is $250 Bln – Survey
China's dirty and dangerous coal mining industry cost
the country a hidden $250 billion last year in lost and damaged lives,
wasted energy and environmental devastation, according to a survey
launched on Monday.
Home, business owners harness solar power
"This is a chance for us to see what we can do," he said.
Hundreds of home and business owners and even local governments have been
pricing solar panels, small wind turbines and other energy-making systems in
the three months since Gov. Ed Rendell signed into law a bill that, for
solar equipment, would cut costs by 35 percent.
How will McCain, Obama power America?
The Republican slogan "Drill, baby, drill" and the Democratic chant of
"Jobs, baby, jobs" go far in reflecting how John McCain and Barack Obama
would approach the nation's energy policy.
Humor - Bar
Stool Economics
Suppose that every day, ten men go out for beer and the bill for all ten
comes to $100. If they paid their bill the way we pay our taxes, it would go
something like this:
Is
the Derivatives Market Illegal?
If much of the derivative market is not regulated under federal law, might
it not represent a form of illegal gambling under state or local law? Even
if this proved not to be the case, might not an aggressive investigation by
state or local prosecutors - unlike the indifference at the federal level -
produce valuable information about what has actually been going on, such as
the extent of laundered drug money in the derivative markets?
Lawmakers Gain In EU Climate Power Struggle
European parliament leaders will bring forward a vote on
steps to combat climate change to try and gain influence in a power
struggle with member states, parliament sources said on Thursday.
Michigan reshuffles state government in bid to create energy jobs
Michigan Governor Jennifer Granholm, whose state suffers from the worst
unemployment rate in the nation, has announced a governmental reorganization
she hopes will lead to the creation of thousands of jobs in the renewable
energy sector.
Ontario And China Go Green Together
Canadian Windfields Solar and Renewable Energy Corporation announced that it
will build and operate a demonstration plant with Chinese company Wuhan
Liren. Wuhan Liren will also invest in an Ontario manufacturing plant that
will build and support its biomass power generation systems.
Paulson on Capital Purchase Program
As you know, over the last few weeks we have worked aggressively to
implement the authorities provided by Congress in the financial rescue
package enacted earlier this month. This morning, I will provide a short
update on the capital purchase program that is a key component of that
package.
Quote of the
Day 102808
"With this low price I guarantee you we will not be able
to invest and there will be a shortage of supply in the future."
OPEC
secretary-general Abdalla el-Badri told the Oil & Money conference in London
on Tuesday that the recent sharp fall in world oil prices and the ongoing
global financial crisis were likely to deter investment in new oil projects,
paving the way for a shortage in future supply.
"Clearly this is a turbulent time for the
petroleum industry as a whole, given the widespread economic uncertainty and
destruction of demand that we are currently witnessing."
The current economic
slowdown will have a 'minimal' impact on Saudi Aramco's upstream oi
Report of Solar-Geophysical Activity 102708
The geomagnetic field is
expected to be at quiet to unsettled levels with isolated active
conditions for 28 October. Predominately unsettled levels with
isolated active conditions, and possible isolated minor storm
conditions at high latitudes, are expected for 29-30 October.
Increased activity is due to a recurrent coronal hole high speed
stream becoming geoeffective.
Residents; We are powerless, bullied by utility; They feel they have no
real say on where the 150-foot-wide power corridor will go
Bear River Valley landowners, angry over Rocky Mountain Power's route for a
major northern Utah transmission line, have arrived at a sobering
conclusion.
Risks Of Global Warming Greater Than Financial Crisis - Stern
The risks of inaction over climate change far outweigh
the turmoil of the global financial crisis, a leading climate change
expert said on Monday, while calling for new fiscal spending tailored to
low carbon growth.
State Weighs Incentives to Cut Peak Energy Use
What would it take to get you to reduce your home energy use - the sting
of paying higher electricity prices during peak hours of demand? A cash
incentive to turn the air conditioner off on hot days?
Study Blasts One-Size-Fits-All Approach to Climate Change
A new study on the economy and the environment recommends the federal
government combat climate change with a "silver buckshot" of policies rather
than a single silver bullet.
Sun
Will Shine on Solar Industry
It's a reversal of fortune. The renewable energy sector once had access to
inexpensive capital. But during that time it had been at risk of losing of
its favorable treatment. Now the tables have turned and the industry must
change its game plan.
Towering turbines coming; Dry Lake project to generate power NE of
Phoenix
Wind turbines nearly 500 feet high will soon dwarf the low shrubbery of the
Colorado Plateau northwest of Snowflake, Ariz.
US EPA still working on NSR rule despite warnings from Senate
The US Environmental Protection Agency said Monday it will continue to
work on a revised rule for new source review requirements for electric power
plants despite calls by the US Congress to withdraw efforts lawmakers
believe
will weaken current clean air regulations.
US Senator Feinstein says Greenspan helped derail OTC regulation
US Senator Dianne Feinstein late Thursday accused former Federal
Reserve Chairman Alan Greenspan of helping to derail her efforts to
establish
strict oversight of energy swaps and derivatives markets in 2002 and 2003.
Utility Suppliers Earn Nation's Top Honors for Green Power Efforts
As part of the National Renewable Energy Marketing Conference in Denver
this week, DOE along with the U.S. Environmental Protection Agency (EPA) and
the Center for Resource Solutions (CRS) are honoring 25 leading
corporations, renewable energy suppliers and industry pioneers for helping
advance the nation's green power markets.
What's Moving the Oil Markets 102808
•Crude futures moved slightly higher in European trading on Tuesday, as
equity markets saw some improvement and the US dollar took a breather from
its recent rally, prompting a recovery in petroleum futures prices, sources
said.
•"The market has been under a lot of pressure recently so I think what
we are seeing today is just a small reduction, with the help of the US
dollar," a London-based futures broker said.
•"Global markets will be looking to the decision of the
[US] Fed on interest rates tomorrow. A cut of 50 basis points is more or
less already priced in
October 24, 2008
‘Spiritual terrorism’ against indigenous people still occurs, Lutheran
pastor says
A Lutheran pastor shocked some non-indian members of a
multicultural conference in Michigan when he said some Christians still
commit “spiritual terrorism” against indigenous peoples and many don’t
understand that the land called the United States was stolen from American
Indians.
Americans oppose mountaintop removal, according to poll
Americans oppose mountaintop removal coal mining by a wide margin, according
to the first nationwide poll on the issue to be made public.
APS System Improvements Help Provide Arizona Customers with Outstanding
Summer Service and Reliability
During a summer in which monsoon storms and high temperatures dominated
local news, APS continued to provide reliable service to the Company's more
than 1.1 million customers throughout Arizona.
Ausra Opens US Solar Plant, Hopes First Of Many
Solar thermal power developer Ausra Inc on Thursday opened a
5-megawatt demonstration plant in California that it says will prove it can
deliver on its promise of providing clean energy cheaply.
Australia has best solar cell efficiency
Green said the jump in performance resulted from new knowledge about the
composition of sunlight.
"Since the weights of the colors in sunlight change during the day,
solar cells are measured under a standard color spectrum defined under
typical operational meteorological conditions," he said.
Big Chinese companies join climate group
One of China's biggest companies will today become the first
state-controlled business in the country to join an international agreement
to cut greenhouse gas emissions.
Carbon Dioxide Emissions Growing Rapidly, Particularly in Asia
In fact, the United States was the largest emitter of
carbon dioxide in 1992, but China is now leads the pack. The major
human-caused sources of carbon dioxide are energy use, cement
manufacture (which releases carbon dioxide when limestone is converted
to lime), and deforestation, so the ORNL study accounts for two of
the three major sources.
China on the way to 135 GW wind by 2020
China is on its way toward 135 GW of installed wind capacity by 2020
representing a US$300 billion investment, according to a report from Emerging Energy
Research (EER), an advisory and consulting firm tracking emerging
technologies.
Clean Energy from Anaerobic Digestion of Organic Waste
The generation and disposal of organic waste without adequate
treatment result in significant environmental pollution. Besides
health concerns for the people in the vicinity of disposal sites,
degradation of waste leads to uncontrolled release of greenhouse gases
(GHGs) into the atmosphere.
Danish PM Says China Onboard For Climate Pact Goal
China is committed to seeking a climate change pact at
key talks next year, the prime minister of Denmark said on Thursday,
urging countries not to use global economic upheaval as a reason for
delaying a deal.
DOE and EPA Release the 2009 Fuel Economy Guide
DOE and the U.S. Environmental Protection Agency (EPA)
unveiled the 2009 Fuel Economy Guide last week, providing consumers with
detailed information about the fuel economy, carbon footprint, and air
pollution score for model year 2009 vehicles, as well as information
about hybrids, alternative fuel vehicles, electric vehicles, and fuel
cell vehicles.
DOE announces $7M climate research study
The U.S. Department of Energy says it has selected four proposals to receive
total funding of $7 million to conduct climate research field studies.
Duke halves its $100 million plan for solar panels; A state hearing
today follow; criticism of the original plan as too aggressive,
expensive
Duke Energy has cut in half its $100 million plan to place solar-electric
panels on hundreds of N.C. rooftops after consumer advocates for the state
Utilities Commission called the proposal too aggressive and expensive.
Electronics industry on right path toward sustainability
The electronics industry has made progress toward environmental
sustainability, but still has work ahead of it, according the first
industry-wide consumer electronics sustainability report.
Emissions regimes could prove bullish for natural gas; officials
The inevitability of a carbon reduction plan in North America virtually
guarantees a strengthening of natural gas prices over the long term,
speakers
at the Industrial Gas Users Association/LDC Forum in Toronto said Thursday.
Ethanol No Longer Seen As Big Driver Of Food Price
Heavy demand for corn from ethanol makers was seen as a
key driver of corn futures to record highs in June, but since then the
sharp decline of corn along with other commodities shows that belief was
mistaken.
Explorers To Measure Arctic's Vanishing Summer Ice
British explorer Pen Hadow is to return to the North Pole five
years after his record solo trek, in an attempt to establish when Arctic
summer sea ice will disappear for good.
Firm dollar and interest rate speculation undermine New York gold
A firmer dollar and speculation over possible interest rate cuts in
Europe and the UK undermined gold and helped maintain the pressure on
non-commercial traders to liquidate long positions in New York trading
Wednesday.
Flagstaff readies wind turbine rezoning law
A proposed ordinance could lead to more wind turbines in nonresidential
areas of Flagstaff as early as next spring.
The Flagstaff City Council has instructed city staff to fast-track an
ordinance that would allow nearly 100-foot-high wind turbines on lots as
small as a half-acre in areas zoned for commercial or industrial use.
Fuel Cell Forecast
Alternative energy providers say they will deliver bigger and better
projects now that Congress has provided their respective industries with key
tax breaks -- but tough economic times might stand in their way.
GE Stepping Up Push For Battery-Powered Cars
General Electric Co is stepping up its investment in
developing new battery technologies for autos as it looks to increase
its role in electrifying cars -- one of the key strategies to boost
autos' fuel efficiency.
Global Shares Plummet on Gloomy Data
Stocks plummeted worldwide on Friday, and United States futures fell so
steeply that they reached their daily permissible limits, indicating a sharp
decline in share prices when official trading opens in New York.
Global Water Crisis Promotes Desalination Boom
Worldwide growth in the use of desalination to produce a
reliable supply of drinking water rose sharply over the past year
indicating that desalination technologies are being used more than ever
to address the global thirst for new sources of potable water, according
to new statistics released by the International Desalination Association
(IDA).
Governor puts the focus on energy training
With alternative-energy projects on the horizon, Montana colleges and
universities need to provide training that is so specialized that it's
scarcely offered elsewhere, Gov. Brian Schweitzer said Tuesday.
Greenhouse gas 4 times higher than thought
Levels of a powerful greenhouse gas are four times as
high as previously thought, according to new measurements released on
Thursday.
Greening
Commercial Facilities
Despite the recent groundswell of greening products and programs, the
United States remains the largest energy consumer in the world.
Commercial buildings, which comprise 60 billion square feet of space
in the U.S. today, account for a significant portion of that
consumption, using about 40 percent of total primary energy produced
annually. They also consume 15 trillion gallons of water, and produce
136 million tons of construction and demolition debris.
Greens' poll shows opposition to stream buffer changes
A majority of likely US voters oppose mountaintop mining and believe that
environmental protections help the economy, according to a survey presented
by
a coalition of environmental groups Thursday.
Greenspan on Sources of Financial Crisis
We are in the midst of a once-in-a century credit tsunami. Central banks
and governments are being required to take unprecedented measures. You,
importantly, represent those on whose behalf economic policy is made, those
who are feeling the brunt of the crisis in their workplaces and homes. I
hope to address their concerns today.
Interview - American Community Banks are Doing Fine, Interview with Ric
Smith, CEO of Metairie Bank & Trust Co.
"People picture central banks as having magical powers. When
a financial market crisis develops, institutions such as the Federal Reserve
simply wave their magic wands, lower interest rates, and the financial
landscape is once again restored to normalcy. Dream on."
Investment Outlook Mixed for Clean Energy Technologies
Divergent trends for clean energy investments suggest
that some companies may need to tighten their belts, even as they
prepare for significant future growth. As reported in last week's
newsletter, venture capital investments in clean energy were on the
upswing in the third quarter, reaching record levels of $2.8 billion, up
from only $1.3 billion in the second quarter. But a new report from New
Energy Finance also finds that private equity expansion capital is
drying up...
Kashkari on Implementation of Emergency Economic Stabilization Act
Every American depends on the flow of money through our financial system.
They depend on it for car loans, home loans, student loans and household
needs. Employers rely on credit to pay their employees. In recent months,
our credit markets froze up and lending became extremely impaired.
Liquidity Needs Could Be Substantial For New U.S. Nuclear Plants, Report
Says
Liquidity requirements of new nuclear power plants in
the U.S. will be a key consideration in Standard & Poor's Ratings
Services' credit analysis of the facilities...
Lower Than Expected Inflation and Weaker Housing Allowed Most US
Mortgage Rates to Ease
Freddie Mac (NYSE:FRE) yesterday released the results of its Primary
Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM)
averaged 6.04 percent with an average 0.6 point for the week ending October
23, 2008, downfrom last week when it averaged 6.46 percent. Last year at
this time, the 30-year FRM averaged 6.33 percent.
McCormick on Root Causes of the Market Turmoil and the Global Economy
These are unprecedented and difficult times for the global economy. The
world's financial market conditions are severely strained, and risks to the
global growth are significant. The largest advanced economies are feeling
this most acutely. In the United States, our financial markets are
experiencing unprecedented challenges, and this is adding even greater
pressure to our already slowing economy.
New US Nuclear Plants Face New Credit Risks
With the demand for energy growing, high prices for natural gas, and
growing environmental concern about coal-burning power plants, some U.S.
utilities are now taking a hard look at new nuclear plants, according to
report published by Standard & Poor's Ratings Services titled "New U.S.
Nuclear Power Plants, New Technologies, New Credit Risks."
Nuclear protesters get fines of $250; Nuclear protesters resentenced
Three anti-nuclear protesters were fined yesterday after pleading guilty to
trespassing at the Lake Anna Power Station's visitor center.
OPEC faces fresh dilemma in setting oil targets
With demand slowing and supplies rising, the world is awash in oil —
sending prices crashing by more than 50 percent from a record high of $147 a
barrel just three months ago. That has prompted oil producers to convene an
emergency meeting to try to regain some control over prices.
Orange Appeal To Clean Up Dirty Water
Highly colored industrial waste water is a serious environmental problem
as it seriously discolors waterways as well as blocking sunlight for
photosynthesizing plant species in the water. Now, researchers in Algeria
have discovered that nothing more sophisticated than orange peel could be
used to remove acidic dyes from industrial effluent. They describe their
findings in a forthcoming issue of the International Journal of
Environment and Pollution.
Patterson to tribes; Adopt an Indian definition of ‘self-determination’
Strengthening tribal sovereignty and intertribal
economic development at home, and promoting tribal cultures in the
global arena, may sound like an ambitious agenda, but somebody’s got to
do it.
Rate hike too big, AEP customers say; Others compliment company's
charity at PUCO hearing
Stung by a slumping economy and rising expenses, several American
Electric Power customers said yesterday that they can't afford the utility's
plan to raise rates about 15 percent in each of the next three years.
"To say that a monumental rate increase would cause
hardship is an understatement," said Dianne Garrett of Whitehall.
Recycling group to eliminate disposal of organic materials
A California recycling organization is launching a national effort to
eliminate the disposal of organic materials in landfills within 5 years.
Researchers Discover Microbes Are Useful In Environmental Cleanup And
Oil Recovery
A unique, patent-pending collection of microbes that can be used both for
cleaning up the environment and addressing our energy needs has earned the
U.S. Department of Energy's Savannah River National Laboratory kudos from
a newsletter covering the rapidly expanding field of nanotechnology.
SolarWorld Opens North America’s Largest Solar Cell Manufacturing
Facility
SolarWorld AG opened what it describes as North America’s largest
solar cell manufacturing facility. The new plant is located in Hillsboro,
Oregon and is expected to reach a capacity of 500MW by 2011.
Spot uranium price continues its slide; further weakness expected
The spot price of uranium continued to decline over the past week and is
currently at $44/lb U3O8...
Tennessee loophole in the sights of nuclear-waste panel
Nuclear regulators from eight states, including Utah, meet Wednesday to
look for a way to close a loophole that has allowed low-level radioactive
waste from foreign nations to be buried in U.S. landfills.
Thermo-PV
with 12% efficiency
CIP Technologies (CIP) has says it has achieved a 12% energy conversion
efficiency for thermo-photovoltaic (TPV) cells in partnership with the
University of Oxford and Wafer Technology.
UK Government; Uk is world leader in offshore wind
The UK has overtaken Denmark to become the world's number one for wind farms
built offshore, with 597MW fully constructed. The achievement has been made
possible after building work finished at Centrica's Lynn and Inner Dowsing
wind farms near Skegness
UK's Brown says downturn will not hit green effort
British Prime Minister Gordon Brown said on Tuesday the global economic
downturn would not affect a government drive to reduce the country's carbon
emissions.
However, an industry executive cast doubt on the ability of the UK's
existing power transmission network to cope with planned increases in wind
power output.
US Federal Reserve Announces the Creation of the Money Market Investor
Funding Facility
The Federal Reserve Board on Tuesday announced the creation of the Money
Market Investor Funding Facility (MMIFF), which will support a
private-sector initiative designed to provide liquidity to U.S. money market
investors.
US NRC says staff adequately considered attack on waste facility
The US Nuclear Regulatory Commission in a 3-1 vote on Thursday declared
that agency staff adequately addressed the potential environmental impacts
of
a terrorist attack on the Diablo Canyon nuclear plant's dry-cask spent fuel
storage facility.
US To Boost Geothermal Energy Use On Federal Lands
The US Interior Department said on Wednesday it would
make more than 190 million acres of federal lands in 11 western states
and Alaska available to energy companies to develop geothermal energy
resources for generating electricity.
US Treasury Hires Accounting Firms Under the Emergency Economic
Stabilization Act
The U.S. Treasury Department yesterday announced that
PricewaterhouseCoopers LLP and Ernst & Young will assist the Department
in the implementation of the Troubled Asset Relief Program authorized
under the Emergency Economic Stabilization Act. Treasury hired
PricewaterhouseCoopers on Thursday and hired Ernst & Young on Saturday
US Treasury Names Interim Chief Investment Officer for TARP
The Treasury Department named James H. Lambright this
week to serve as the interim Chief Investment Officer for the Troubled
Asset Relief Program authorized by Congress earlier this month
US White House calls OPEC output cut an 'anti-market' decision
The US White House Friday criticized OPEC's move to cut its crude output
by 1.5 million b/d from November, calling it an "anti-market" decision.
What's Moving the Oil Markets 102408
•Crude futures regained some ground
on Thursday, recovering somewhat from strong losses experienced on
Wednesday following a bearish set of weekly US stock data and another
gloomy day on global financial markets. However, this upswing may only
be short-lived due to the overall bearish demand outlook and the
persistent strength in the US dollar, sources said
•The upcoming OPEC meeting has provided a floor under prices, with Iran's
oil minister Gholamhossein Nozari the latest in a string of OPEC officials
to talk of an output cut.
Wind Energy Industry Installs 1,400 MW in 3rd Quarter of What Will Be
Another Record Year
The U.S. wind energy industry installed 1,389 megawatts (MW) this quarter,
bringing to 4,204 MW the total of wind power projects completed in what is
expected to be another record year, the American Wind Energy Association
announced today in its 3rd quarter market report.
Wind farm violates law, environmental groups say
Three environmental groups said Wednesday afternoon that they have obtained
federal government records that show that the proposed site of the Shaffer
Mountain Wind Project outside Ogletown is indisputably occupied habitat of
the endangered Indiana bat, and that habitat used by the species already has
been illegally destroyed.
Wind provides alternative energy for Westar
The cheapest way for Westar Electric to add new generating capacity is
with wind, a corporate executive on Monday told members of the Salina Noon
Rotary.
"Wind does have a place in anybody's portfolio," said Greg Greenwood. "If
customers' demand for electricity continues to grow, we're going to need new
resources."
October 21, 2008
All 10 NE states to participate in December CO2 auction
All 10 states participating in the Regional Greenhouse Gas Initiative in
the Northeast will offer carbon dioxide allowances at RGGI´s second auction
scheduled for Dec. 17.
Boosting Green Energy Can Boost UK Jobs-Minister
Britain must remove bottlenecks holding back wind farms
and other renewable energy projects as part of a drive that will create
new jobs in green technologies, climate minister Ed Miliband said on Monday.
Can green jobs
save us?
This may be hard to believe, but John McCain and Barack Obama actually
agree on something: An explosion of new green jobs is the way to get the
U.S. economy back on track.
Climate change outracing EU targets, WWF warns
Climate change is happening faster and its extent is
wider than the world's leading scientists had predicted, according to a
new report by pro-green group the WWF released on Monday (20 October),
urging the EU to take ambitious action.
Commentary - It Is Not 1929
It's tough to pick up a paper, listen to the radio, or turn on the
financial television news without someone comparing our current stock market
correction to the stock market crash of 1929. For any of you that fell
asleep in history class, the US stock market fell 89% from 1929 to 1932 and
it remains the greatest stock market crash in the history of our country.
Consultant; Green power a threat to W.Va. coal
Solar power plants and other renewable energy sources are real, competitive
threats that neither the coal industry nor the state's political and
academic leaders should dismiss, a consultant warned Wednesday at the second
West Virginia Coal Forum.
Economy delays dismantling of Zion nuclear plant; Fund for $1 billion
decommissioning has lost value
A plan to dismantle Zion's nuclear power plant will be delayed by up to 15
months because the fund that will pay for the $1 billion decommissioning has
declined in value, officials announced this week.
Florida Hopes Energy Farm Will Be First of Many
If an experiment to plant sweet sorghum in rural Florida
and convert it to fuel ethanol pans out, it could herald a fundamental
change in how the U.S. and other countries create and use renewable
bio-energy, researchers say.
Geothermal Electricity Holds Promise for Older Oil Fields
The Office of Fossil Energy’s Rocky Mountain Oilfield Testing Center (RMOTC)
and Ormat Technologies Inc., of Reno, Nev., today announced the first
successful generation of electricity using geothermal hot water from a
producing oil well. The power is used in oil field operations
Global warming causing dramatic decline in Great Barrier Reef’s seabirds
A new research has determined that due to climate
change, seabird populations on the Great Barrier Reef and surrounding
waters is facing dramatic declines.
The research has been complied by the Great Barrier Reef Marine Park
Authority.
Growing Green Jobs
Upheaval spawns innovation. With the country in the midst of economic
turmoil, it must now concentrate its resources on rebuilding enterprise and
creating jobs. The mission is to increase the nation's energy mix and in
doing so, bring down those prices.
Inbox 101808
Let´s start today with a cleaned-up version of comedian
Chris Rock´s devastating rap on -- hmm, what to call them?
-- deadwood, I guess. Loiterers. People who sleepwalk
through life taking five.
Japan to Pay 200,000 Yen to Each Household Buying Solar System
Japan's Ministry of Economy, Trade and Industry will reintroduce in this
fiscal year a subsidy program for home-use solar power systems as part of
its anti-global warming effort.
Kansas has potential for wind jobs
Thousands of jobs will be created, and millions of dollars invested, as
the United States starts to harness the enormous wind potential in this
country.
Navistar unveils new hybrid tractor
Navistar International Corp. is expanding its line of diesel electric
hybrid trucks with the introduction of a new hybrid tractor that can be used
by general freight haulers and food and beverage distributors.
New Energy Economy Emerging in the United States
As fossil fuel prices rise, as oil insecurity
deepens, and as concerns about climate change cast a shadow over the future
of coal, a new energy economy is emerging in the United States. The old
energy economy, fueled by oil, coal, and natural gas, is being replaced by
one powered by wind, solar, and geothermal energy. The transition is moving
at a pace and on a scale that we could not have imagined even a year ago.
Next President Needs to Act on Climate Change, Scientists Say
On the big picture, Barack Obama and John McCain agree - with a shared sense
of urgency - that the U.S. can't keep pumping greenhouse gases into the
atmosphere unchecked, because their accumulation threatens to bring rising
seas, mass extinction of plants and animals, and more hunger, disease and
natural disasters.
Oil to bottom at $65/b in early 2009 if OPEC cuts 1 mil b/d; CGES
Crude prices will "bottom out" at around $65/barrel in the first quarter
of next year if OPEC cuts production by 1 million b/d, the Centre for Global
Energy Studies said Monday.
On Global Warming, McCain and Obama Agree; Urgent Action Is Needed
Senator John McCain and Senator Barack Obama part company on many issues,
but they agree that the Bush administration’s policies on global warming
were far too weak.
Osage
chief to advise on energy
With the United States debating energy policy, the chief of an Oklahoma
American Indian tribe hopes to bring in a tribal perspective.
PA Governor Rendell Says Clean Energy Projects Will Create Jobs, Promote
Conservation, Efficiency
Governor Edward G. Rendell today announced the investment of nearly $12
million in alternative clean energy projects that will create at least 1,200
full- and part-time jobs and attract nearly $118 million in private
investment.
Pakistan approves 23 wind energy projects
Pakistan would be able to produce another 1,000 MW of power through wind
energy within a next few years, Director, Technical Alternative Energy
Development Board, Irfan Afzal Mirza said Sunday.
Peru Accused Of Failing To Protect Amazon Tribes
Evidence is mounting that unchecked logging in the
Peruvian Amazon is pushing some of the world's last isolated tribes into
Brazil, increasing conflicts over land and food, a leading Brazilian
tribe researcher and indigenous rights groups say.
Pollution Credits Let Dumps Double Dip
America's garbage dumps are reaping a windfall from the
fight against global warming. But their payday might not be doing much
to reduce greenhouse-gas emissions.
Power transmission grid in line for major overhaul; Minnesota utilities
say upgrades are needed to get energy to their customers
Every morning, when Minnesotans hit the brew button on their coffee makers,
tune their radios to the news and turn down their thermostats, they are
using bits of electricity that reach them through a giant circulation system
of energy: the state's power grid.
Now, Minnesota utilities are saying the backbone of that grid is
faltering...
Puerto Rico invests $165 million in wind energy
The Puerto Rican government announced Monday an investment of $165 million
in 20 wind turbines with the goal of reducing its dependency on
electricity-producing oil by 20 percent before the year 2015.
Putting A Price On Nature Can Save Forests, Rivers
Putting a price on nature by creating tradable credits
can the limit the loss of forests, wetlands and rivers from the
expansion of agriculture, the head of an international forestry
investment firm said on Monday.
Carbon, water and biodiversity were emerging as the three main
environmental market forces this century, said David Brand, managing
director of New Forests...
Reactors Likely to Cost $9 Billion; Progress Energy Doubles Estimate
The cost estimate, disclosed this month to the U.S. Nuclear Regulatory
Commission, is Progress Energy's latest projection for the Shearon Harris
proposal. It doubles the previous estimate of $4.4 billion provided in
February...
River turbine plan advances; Power project gets early permits
A Texas energy company that wants to harness Niagara River current to
produce hydrokinetic power has been awarded two preliminary permits to
investigate the cutting-edge electricity generation strategy.
SEPA Issues Challenge for Massive Solar Deployment Despite Global
Economic Woes
Utility and Solar Industries Called Upon to Work in Collaboration to
Increase Solar Capacity Thirty Fold by 2016
So-Called 'Clean Coal' Technology Offers Promise Along with Considerable
Risks, New Report Finds
Government Should Back Demonstration Projects; Nix New Coal-Fired Power
Plants that Don't Capture and Store Carbon Emissions
Speech – Bernanke on Economic Outlook and Financial Markets
As you know, financial markets in the United States and some other
industrialized countries have been under severe stress for more than a
year. The proximate cause of the financial turmoil was the steep
increase and subsequent decline of house prices nationwide, which,
together with poor lending practices, have led to large losses on
mortgages and mortgage-related instruments by a wide range of
institutions.
State presents bold plan to clean up air
California regulators, following the lead of Bay Area
air quality managers, would impose fees on the state's worst air
polluters as part of a bold proposal to slash emissions to 1990 levels.
State's largest ethanol plant is up and running
Production has begun at the largest ethanol plant in
California, Pacific Ethanol's facility at the Port of Stockton that is
projected to produce 60 million gallons per year.
The New Solar Bottleneck; Labor Shortage
With increasing focus on clean, domestic energy
generation and federal ITC support now in place, a lack of qualified
technicians and installers presents a potentially serious bottleneck to
industry growth.
Trilogy by Shea Homes Makes Solar a Standard Feature on New Homes Across
the Country
Trilogy® by Shea Homes, the first and only national
builder to rollout solar across its entire portfolio, announced today
that BP solar power systems will be a standard feature on its Shea Green
Certified ™ homes, beginning immediately.
Tucson firm, APS get $4.35M to find key solar answer
The big problem with generating energy from the sun on a
large scale is that our demand for electricity doesn't end when the sun
goes down -- and electricity is expensive to store
U.S. Forest Service Turns to Cow Power
The U.S. Forest Service, seeking to reduce its environmental impact, has
enrolled its Rutland headquarters in CVPS Cow Power(TM) (NYSE: CV), the
nation's first manure-based farm-to-consumer energy program.
Uncertainty surrounding US economy 'unusually large'; Bernanke
"The time needed for economic recovery, however, will depend greatly on
the pace at which financial and credit markets return to more-normal
functioning," Bernanke said.
US Moves Toward New Dumping Rules For Mining Waste
US officials have moved closer to finalizing rules on
the disposal of mining waste, a plan environmentalists said gives
mountaintop mining companies more freedom to dump debris near rivers and
streams.
What's Moving the Oil Markets 102108
•ICE Brent futures were trading 55
cents/barrel lower at $71.48/b Tuesday during morning European trade,
but volumes were on the low side
•Signs of recovery in the US economy were supportive of commodity prices
Monday, sources said, but energy futures did not hold on to yesterday's
gains despite the US Dollar Index on ICE extending its four-week rally.
White House seeks high court review of power-plant mercury rule
The Bush administration has asked the US Supreme Court to review a
lower-court ruling that struck down a power industry-backed rule regulating
mercury emissions from coal-fired power plants
October 17, 2008
A
Slick Solution for Oil Markets
The world has spent the last several weeks reeling from the failure of
financial markets. But credit markets are not the only markets that are
disobeying the laws of supply and demand. Although oil prices are declining,
the global oil market is also out of whack. Oil prices remain high, causing
economic suffering around the world. To get the global oil market back on
track, policymakers will have to behave differently.
Arizona regulators approve set of net-metering regulations
The ACC expects the net-metering rules to provide an incentive for
customers to install distributed generation, most likely solar, on their
homes
and businesses.
ASU, APS join German firm to form solar-testing venture
Arizona State University, Arizona Public Service and an international solar
company are merging their resources to create a new solar-testing joint
venture in Tempe.
At last - all Native code talkers recognized
The U.S. House of Representatives and Senate last month
approved a bill that recognizes the contribution of all Native American
code talkers.
Banks; The Fight over Fair Value
In the wake of the recent market stress, some market participants question
whether fair value provides useful information for investment and credit
decisions. Company executives contend that the performance measures produced
using fair value create financial reporting that is misleading and
disconnected from the reality of their business activities. They also say it
creates unjustified and unexpected economic effects, including covenant and
regulatory capital stress and liquidity shocks.
Carbon
Constraints Are Here
The evolution toward a carbon-constrained society is well underway. The
latest push is coming from the northeastern states that have officially
started auctioning carbon credits.
CFL Sales Skyrocket
Citizens and companies around the world are rapidly choosing compact
fluorescent lamps (CFLs) to replace incandescent light bulbs.
Climate Deal to Help Overcome Financial Crisis - EU
Tackling climate change will help, not hinder,
governments' efforts to overcome the global financial crisis, the EU's
environment chief said on Tuesday.
Credit crisis hits home for AmerenUE
In another sign of the far-reaching impact of the global credit crisis,
Missouri's largest electric utility says it's unable to sell commercial
paper and has experienced trouble accessing other types of credit.
Crisis Shows Urgency of Going Organic - Shiva
Indian physicist and environmental activist Vandana Shiva said
the financial crisis showed it was high time for countries to rebuild local,
diverse farms to become independent from global turmoil.
"The lesson to be learned from the financial meltdown is that the world is
at a tipping point," Shiva told Reuters at the Frankfurt Bookfair on
Thursday, where she is promoting her new book "Soil not Oil".
Easing public concerns key to global nuke capacity growth; OECD
Nuclear power could supply a higher proportion of the world's rapidly
rising power demand over next 40 years -- and help meet emissions targets
and
supply concerns associated with fossil fuels -- but the industry and
governments will need to address widespread public concerns about the power
source if this is to become a reality, the Nuclear Energy Agency said in a
report Thursday.
EU Car Nations Close to Agreeing Slower CO2 Curbs
Italy is close to backing a French plan to phase in
European Union curbs on greenhouse gas emissions from cars by 2015,
leading to a united front among car-making nations, sources in the talks
said on Wednesday.
EU Vows 'Cost-Effective' Climate Plan Amid Crisis
European Union leaders planned on Thursday to appease
critics of the bloc's bold plans to fight climate change amid economic
turmoil with concessions to heavy industry and former communist nations.
Europe's solar researchers bet on silicon
Crystalline silicon technology remains the big bet in
solar cell research at IMEC, but the group is also exploring options in
silicon thin films, compound materials and organics.
Gov. Edward Rendell, Energy Leaders and Somerset County Families
Celebrate New Wind Farm Rising Above Former Coal Mine
In a public-private partnership that highlights Pennsylvania's history and
evolution of energy production, a former coal mine has transformed into a
wind power project that generates enough clean, renewable wind energy to
sustain 10,000 homes.
Governor Rendell Signs Energy Conservation Bill to Save Consumers
Millions on Electricity; Urges Legislature to Pass Rate Mitigation Bill
Pennsylvania families and businesses facing double-digit increases in
electricity rates are poised to save more than $500 million over the next
five years now that Governor Edward G. Rendell has signed into law a measure
that equips consumers with the tools they need to conserve electricity and
to make more informed decisions about their energy use.
Green
building council to meet
Green building slowly has gained momentum in Northwest Florida and the rest
of the country as more home builders and owners look for ways to increase
energy efficiency and reduce environmental impact.
Hearings on Yucca Rail Line Doable
The federal railroad board's chairman says he is open to having a public
hearing on the Department of Energy application to build a rural Nevada rail
line to ship nuclear waste to Yucca Mountain.
Iberdrola and Tecnalia install first prototype to produce wave energy in
Spain
The initiative, which has a budget of E4.5 million, aims to install a device
for capturing wave energy at a high performance and a competitive cost.
IBERDROLA RENEWABLES Conducts Industry-First Bat Study at Pennsylvania
Wind Power Project
In a ground breaking effort to study the interaction between bats and wind
turbines, IBERDROLA RENEWABLES has partnered with an independent
conservation group, Bat Conservation International (BCI), for wildlife data
collection at a southwestern Pennsylvania wind power project.
India, Kazakhstan Mull Nuclear Pact
Kazakhstan is prepared to supply India uranium for its existing and future
civil nuclear power plants and in return expects greater intensity in
economic ties, including assistance in joining the World Trade Organisation
(WTO).
Job at Risk - US Treasury Announces Executive Compensation Rules Under
the Emergency Economic Stabilization Act
The U.S. Treasury Department yesterday announced the
development of three programs under the Emergency Economic Stabilization
Act and corresponding executive compensation and corporate governance
standards.
KEMA Launches Retail Clean Energy Markets Service
Rising prices, aggressive policy change and large scale
capital investment are all signs that point to a strong shift toward
cleaner, smarter energy use. The initial momentum has been focused
upstream, but the adoption of cleaner, smarter energy solutions at the
end user level is now emerging.
Khelil says OPEC to hold regular meetings to solve crisis
OPEC president Chakib Khelil said late Thursday that it was obvious that
the cartel needed to cut supply as demand has weakened and oil prices have
plummeted, warning that unless action was taken oil prices would fall
further.
Kohn on US
Economic Outlook
We gather in difficult times for our financial markets and our economy.
Recent weeks have seen a sharp intensification of the turmoil in
financial markets: There has been a broad-based pullback in risk-taking
and a virtual seizing up of term lending to many banks and other
financial institutions; interest rates have risen for many borrowers,
and credit availability has significantly diminished; and equity prices
have fallen sharply, on net.
McCain, Obama renew oil import goals in presidential debate
Energy took center stage in the final US presidential debate Wednesday
night as both Republican John McCain and Democrat Barack Obama pledged to
eliminate oil imports from the Middle East and Venezuela in the next decade.
New MSU Center To Turn Waste To Energy For Small Farms
State and foundation grants exceeding $3 million will assist Michigan
State University researchers in developing technology for smaller farms to
turn animal waste into usable heat, electricity and other valuable products.
OIL IMPORTS ACCOUNT FOR ALMOST HALF OF U.S. TRADE DEFICIT IN 2008
Oil imports now constitute the
largest single component in the nation’s annual trade deficit.
According to the U.S. Bureau of Economic Analysis, for the first eight
months of 2008, net petroleum imports totaled $281.14 billion dollars
(or $421.71 billion/year if that level is maintained over a 12-month
period). This is equal to almost one-half (49.1%) of the U.S.
trade deficit for January - August 2008.
Oregon company leases roof space for solar power project
ProLogis, a distribution facilities company, is leasing roof space in
Portland, Ore., to Portland General Electric, to create the largest solar
power project in the Northwest.
The project will feature photovoltaic systems on three ProLogis distribution
centers in the Portland area
Oslo Says Forest Plan to Help Indigenous Peoples
Norway promised on Wednesday to promote indigenous
peoples' rights as part of investments of almost US$500 million a year
in tropical nations to slow deforestation and combat global warming.
Oxfam;
'Forecast for Tomorrow'
A new report from NGO
Oxfam argues that the UK Government must work together with the public
and private sectors, as well as turn away from high-pollution policies and
projects that stand to jeopardise the UK’s carbon emissions reductions
target.
Pacific Power increase starts today
State regulators quietly approved an average 8.5 percent rate increase for
Pacific Power customers last week.
Paulson on Actions to Protect the US Economy
US Treasury yesterday issued the following statement by Secretary Henry M.
Paulson, Jr. on actions to protect the economy and restore confidence and
stability to our financial markets.
PGE Rolls out Largest Solar Project in Pacific Northwest
Portland General Electric (PGE) (NYSE: POR) and its partners today rolled
out the largest solar project in the Pacific Northwest, which is expected to
begin producing up to 1.1 megawatts of electricity for PGE customers by
December.
PPL's
Pre-Pay Plan A Big Hit
Customers have flocked to enroll in a PPL Electric Utilities program that
allows them to prepay future bills in an effort to offset significant rate
hikes.
Precious metals prices plunge on New York exchanges
Gold prices took a major plunge Thursday morning on the COMEX, with most
of the declining coming in the last few hours.
Proponents Push Fusion Power as Renewable Energy Source
Fusion is the process that powers the sun and other stars. It is the
reaction in which two light atoms, such as atoms of hydrogen, combine or
fuse to form a heavier atom, such as an atom of helium. In the process, some
of the mass of the hydrogen is converted into energy.
Quote of the
Day 101708
"We have had a pretty sharp run to the downside and this
is a short covering bounce at the end of the [volatile trading] week,"
(a London-based
broker said on Friday's move to the upside.)
"We do not think that OPEC will have moved its
meeting from Mid-November to next Friday if it had not already decided on a
cut,"
(Oliver Jakob of
Petromatrix said in a report. OPEC president Chakib Khelil said late
Thursday that it was obvious that the cartel needed to cut supply as
demand has weakened and oil prices have plummeted.
Recession Will Cut EU Carbon Costs - Deutsche
Industrial carbon emissions will fall faster in Europe
as result of a coming recession, cutting the demand for and price of
emissions permits under the European Union's emissions trading scheme,
said Deutsche Bank analysts.
Report Cards Weigh States' Commitment to Cost Effective Renewable Energy
The Network for New Energy Choices has issued its 2008
report cards grading the states' policies for allowing homeowners and
small business owners who generate renewable energy to connect to the
grid and receive credit for the electricity they produce. This year’s
report has a number of bright spots that are particularly welcome given
the declining economy, Americans’ desire for energy independence, and
widespread concern about climate change.
Report of Solar-Geophysical Activity 101608
Solar activity was very low with no flares observed. The
geomagnetic field was mostly quiet.
Rural Power; The Key to Sustainability
The next twenty years could see up to US $1
trillion of investment in renewable energy in rural areas. Wind and solar
power will be harnessed; and non-food crops will provide the fuel for a new
generation of biofuels. But will rural areas reap the benefits of this
massive investment or will communities merely observe the remaking of rural
economies?
Scientists to Probe Antarctica for Sea Rise Clues
Scientists will visit a vulnerable part of an Antarctic
ice shelf this year to work out if it will crack off in coming decades
and perhaps trigger a rise in sea levels, they said on Thursday.
Siemens and E.ON to build 207 MW offshore wind farm
The project will be among the largest offshore wind farms in the world
when the 90 Siemens 2.3 MW turbines are installed in 2010. The order also
includes a two-year service contract.
Sirri on
Credit Default Swaps
The following is testimony by Erik Sirri, Director, Division of
Trading and Markets (U.S. Securities and Exchange Commission) before the
House Committee on Agriculture concerning credit default swaps.
Solar Power International Kicks Off with a Bang
Today, thousands solar energy professionals are in
San Diego, California to take part in the the largest solar power conference
in North America. With 425 exhibitors, 60 breakout sessions, 200 speakers
and more than 16,000 visitors, Solar Power International is expected to shed
light on every aspect of solar energy today.
Ten
Reasons To Buy Local Food
Brenton Johnson, who hosted a recent local-food gourmet
dinner on his organic farm, Johnson's
Backyard Garden, just east of Austin, Texas, represents a new breed of
young, organic farmer whose philosophy is to live in harmony with the land
and bring back the sustainable ways. Naturally (no pun intended), he
advocates buying local food.
The
Stunning Collapse of Iceland
Even after the government's seizure of top banks, Iceland may
face bankruptcy, with dire effects for huge Icelandic investments overseas.
U.S. mayors push for environmentally friendly schools
Mayors from around the country are joining together to push for creation
of environmentally friendly schools.
UK advised to cut GHG by 80% in 2050
The CCC, which is an independent body responsible for advising on the
UK’s carbon budgets up to 2050 and reporting on progress, says the cut is
possible through:
US Solar Field Foresees Cost Parity With Coal, Gas
US producers of solar power will no longer need federal
subsidies within eight years because by then solar power will cost less
than electricity generated by conventional power plants, industry
players said this week.
US Treasury Announces TARP Capital Purchase Program Description
Under the program, Treasury will purchase up to $250
billion of senior preferred shares on standardized terms as described in
the program's term sheet.
US Utilities' Refinancing Needs Should Be Manageable
As global credit markets contract, borrowing rates skyrocket, and
otherwise fundamentally creditworthy lenders and borrowers eye each
other with suspicion, liquidity and counterparty risk become the
preeminent credit concerns... Regulated electric and gas utilities and power companies have not been
immune to the devastatingly rapid consequences of negative market sentiment.
US
working gas in storage rises
US natural gas storage supplies grew by 79 Bcf during the week that ended
Friday, raising nationwide inventories to 3.277 Tcf with three weeks
remaining
in the traditional storage refill season, the US Energy Information
Administration reported Thursday.
The build was below most analyst expectations, which ranged from 83 Bcf
to 87 Bcf.
Wall Street Meltdown to Hit Main Street Soon
Literally 100% of restructuring experts polled recently
say the recent financial meltdown on Wall Street will impact the health
of companies in the US before the end of 2008.
Waterborne Disease Risk Upped In Great Lakes
An anticipated increased incidence of climate-related
extreme rainfall events in the Great Lakes region may raise the public
health risk for the 40 million people who depend on the lakes for their
drinking water, according to a new study.
What's Moving the Oil Markets 101708
•Global crude futures firmed in early European trading
Friday, on growing expectations of an OPEC production cut, source said.
•"We have had a pretty sharp run to the downside and this is a short
covering bounce at the end of the [volatile trading] week " a London-based
broker said. The prospect of an OPEC production cut gives "some respite in
the bear trend," he added.
•OPEC president Chakib Khelil said late Thursday that it was obvious that
the cartel needed to cut supply as demand has weakened and oil prices
have plummeted, warning that unless action was taken oil prices would
fall further.
When it comes to forest soil, wildfires pack 1-2 punch
For decades, scientists and resource managers have known that wildfires
affect forest soils, evidenced, in part, by the erosion that often occurs
after a fire kills vegetation and disrupts soil structure. But, the lack of
detailed knowledge of forest soils before they are burned by wildfire has
hampered efforts to understand fire's effects on soil fertility and forest
ecology.
Wildfires Cause Ozone Pollution To Violate Health Standards, New Study
Shows
The research, by scientists at the National Center for
Atmospheric Research (NCAR), focused
on California wildfires in 2007, finding that they repeatedly caused
ground-level ozone to spike to unhealthy levels across a broad area,
including much of rural California as well as neighboring Nevada.
Wind industry, conservationists to study bat deaths
The wind power industry and conservationists are partnering to study the
interaction between wind farms and bats by conducting the first U.S. effort
to look at the impact of shutting down wind turbines to reduce bat deaths.
Wind Parks, a Ray of Hope for Power Generation
While India has entered into an agreement for generating nuclear energy with
the US to meet its unending demand, Punjab government has also started
exploring possibilities of alternate source of energy to meet the domestic
need and lessen the dependence for power on other states.
Wind-farm contracts stir up lots of questions
The sight of 40-ton blades turning in the wind means different things to
different people.
To some, wind farms are a boon for rural economic development. For
others, they are a sign of hope for renewable energy. And, as area
farmers are finding out, they can mean thousands of dollars in the
pockets of rural landowners each year
Wind-farm workers laid off; Wind-farm firm struggles
Noble Environmental Power has stopped work at its Bellmont and Chateaugay
wind-energy projects and laid off its workers.
And it appears the bankruptcy of one of its major financial backers may have
played a part.
Working Paper - A Troubled Asset Reverse Auction
The US Treasury has proposed purchasing $700 billion of troubled assets
to restore liquidity and solve the current financial crisis, using
market mechanisms such as reverse auctions where appropriate. This paper
presents a high-level design for a troubled asset reverse auction and
discusses the auction design issues.
WWF 'Greenprint' for presidential candidates
The WWF Greenprint highlights how the challenges of climate change,
conservation of natural resources, food security and freshwater
availability are intertwined, and how they can and should be solved by the
next president.
October 14, 2008
As utility rates increase in Duluth, Minn., so do number of shut-offs
The number of people whose electricity or gas has been shut off for
nonpayment of their bills is up sharply in Duluth as people struggle to cope
with higher prices and a shaky economy.
Blogging For
Energy Savings
Bloggers and customers who have good ideas for saving energy now can share
them on an innovative new Internet blog launched by Dominion at http://e-conserve.blogspot.com/
. The blog invites customers to share energy-saving tips and ask Dominion
questions on energy conservation.
Carbon-capture research is a growing field
The technology to bury carbon dioxide underground instead of releasing it
into the air from the smokestacks of coal-fired power plants is still many
years away.
Climate Change; Pushing Species To The Brink
Thirty-five percent of the world’s birds, 52 percent of amphibians and 71
percent of warm-water reef-building corals are likely to be particularly
susceptible to climate change, the first results of an IUCN study have
revealed.
Commentary - The End is Near
I struggled all weekend to come up with a title that would truly capture
what I felt after last week's, worst week ever for the stock market.
Finally, I decided to call this commentary "The End Is Near." You better sit
down before you read this, as this is the day many of you thought would
never come from me. Well it has!
Cost of Deforestation is Vastly Greater than that of the Current
Financial Crisis
While your 401K smolders in ruins, take a gander at this
BBC article and it might give you some perspective. Unfortunately, it's
not immediately an optimistic perspective: We are actually losing more
money through deforestation than through the current financial meltdown.
Dye solar cell pioneer opens facilities in Wales and New South Wales
Dyesol's Dye Solar Cell (DSC) technology has been termed artificial
photosynthesis because it uses a dye analogous to chlorophyll to capture the
energy from light, releasing electrons which are captured and conducted as
electricity in a nanoparticulate titanium dioxide layer.
Energy is Major Concern in Rhode Island
In this tiny coastal state, where government officials see wind and water as
vital new pistons in their economic engine, energy tops many minds.
EPA Seeks Comment On Preliminary Perchlorate Drinking Water Decision -
Agency Plans To Issue A Perchlorate Health Advisory
The U.S. Environmental Protection Agency conducted
extensive review of scientific data related to the health effects of
exposure to perchlorate from drinking water and other sources and found
that in more than 99 percent of public drinking water systems, perchlorate
was not at levels of public health concern.
Fighting for
preservation
The rock images, also called petroglyphs, shown were
created by ancestors of the Hopi Indians in what is now called Nine Mile
Canyon in Utah. The Hopi Tribe and several environmental groups want to
protect the rock art from dust created by industrial traffic heading to
the West Tavaputs Plateau Natural Gas development site.
Global warming getting political cold shoulder in U.S. amid economic
woes
The global economic crisis has thrown a political chill
over one of the main initiatives under consideration in the United
States to combat global warming: the so-called cap-and-trade plan.
Global warming grips Greenland, leaves lasting mark
Beyond the howl of sled dogs echoing across this hilly
coastal village is the thunderclap of ancient icebergs splitting apart,
a deafening rumble you feel in your bones.
Groups To Challenge Feds' Refusal To Limit Perchlorate In Drinking Water
Environmental advocates plan to sue the United States
Environmental Protection Agency (EPA) over its refusal to set limits for perchlorate in drinking water. Perchlorate, a primary ingredient in rocket
fuel, munitions, and explosives, has been linked to thyroid problems in
pregnant women, newborns and young children nationwide.
Hydrogen energy demo center opens in Wales
The Centre, part of the University's Faculty of Health, Sport and
Science, aims to become a world leading research facility and
demonstration project integrating renewable energy technologies (solar
photovoltaic and wind) with hydrogen and fuel cell energy technologies.
Kashkari Details Implementation of TARP
I am here today to provide a comprehensive update on the Treasury
Department's progress in implementing the Troubled Asset Relief Program
(TARP).
Nevada sues EPA over Yucca Mt. radiation standard
The state of Nevada has sued the Environmental Protection Agency over
EPA?s radiation standard for a nuclear waste repository DOE wants to build
in
the state at Yucca Mountain, claiming the regulation will not protect the
health and safety of people in the area.
New mercury-tracking technology is created
U.S. scientists say they have developed a technique that can track the
source of mercury emissions that pollute the environment.
New York tribe nears electric control
"Basically, the tribe is on a quest for self-sufficiency," said David T.
Staddon, public information director for the tribe. "Right now, the tribe
will control distribution within the community."
NYMEX crude firms as global bourses soar, dollar drops
NYMEX front-month crude futures on the CME's Globex system were $3.31
higher at $84.50/barrel Tuesday, moving in tandem with global equity markets
and inverse to the US dollar, which continued to come under pressure.
Quote of the
Day 101308
"Crude oil is likely to follow equities for a few more
days until it can start again to trade as a separate asset class,"
(Oliver Jakob of
Petromatrix said on the relationship between equity and commodity markets.)
"The only olive branch of bullish news came from
the fact that oil supply has been under pressure of late from Hurricanes in
the US and Geo-political strife in Africa and Arab countries,"
(Robert H Laughlin,
analyst at MF Global said, adding that refining activity in the US Gulf of
Mexico was nonetheless returning to to normality.)
"Stock markets are all up and oil has taken some
encouragement from that,"
(a London based
broker said on the fresh strength in commodities complex.)
Report of Solar-Geophysical Activity 101308
Solar wind
velocity, as measured at the ACE satellite, continued at elevated
levels averaging about 500 km/s, and indicated the continued influence of
the coronal hole high speed stream.
Rich countries must pay for rainforests; UK report
Rich countries should pay tropical nations billions of
dollars a year to save their forests, using donor money and global
carbon markets to foot the bill, said a UK-commissioned report on
Tuesday.
Schwarzenegger; Solar and other clean-technologies are a bright spot in
dark economy
Acknowledging the dark clouds of the economy, Gov. Arnold Schwarzenegger in
Silicon Valley on Thursday pointed to clean-technology, and solar
specifically, as offering a solution, even a salvation.
Tangier ripe for wind-energy project
Out here in the middle of the Chesapeake Bay, the wind can pound any
landlubber into submission. And that fact, scientists say, is what makes
Tangier Island such an attractive place for a wind-energy project.
TEP wants higher rates for big users
It's not often that a business raises prices on customers who buy more of a
product.
But that's what Tucson Electric Power Co. is proposing...
Treasury Hires Investment Adviser Under the Emergency Economic
Stabilization Act
The U.S. Treasury Department yesterday announced that EnnisKnupp
and Associates will serve as its investment adviser for the
implementation of the Troubled Asset Relief Program authorized under the
Emergency Economic Stabilization Act.
UN Says Credit Crisis Could Enable 'Green Growth'
Instead of sidelining the fight against climate change,
the global credit crisis could hasten countries' efforts to create
"green growth" industries by revamping the financial system behind them,
the UN climate chief said on Friday.
Unlikely foes line up against California's alternative energy initiative
A ballot initiative that would dramatically increase the amount of wind,
solar and geothermal energy used in California seems a likely candidate for
support from environmentalists and renewable power producers.
But instead, Proposition 7 is largely opposed by these groups...
US gas producers likely to cut drilling 20pct in 2009; analysts
The US exploration-and-production sector will likely trim its drilling
activity by at least 20% next year, assuming an average natural gas price of
$8/MMBtu...
Utilities ready to buy back power
Fly fisherman Fitz Coker, who lives in his home on Von Phister Street in Key
West during the summer, last fall became the first customer to sell power
back to Keys Energy.
Coker is not powering the Keys, but his 3.5 kilowatt solar array could
reduce his energy bills by two-thirds...
What the Chemical Industry Doesn't Want You to Know About Everyday
Products
The global chemical industry annually produces about 6 billion pounds of
bisphenol A (BPA), an integral component of a vast array of plastic
products, generating at least $6 billion in annual sales. The value of
BPA-based manufactured goods is probably incalculable. Environmental Working
Group studies have found BPA in more than half the canned foods and
beverages sampled from supermarkets across the U.S.
What's Moving the Oil Markets 101308
•Global crude futures firmed in early European trading Monday, following
further co-ordinated central bank actions to stabilize the global banking
system, after last week's plunge in equities and commodities, sources said.
•Global equities were boosted following the British government's plan to
invest up to GBP37 billion ($64 billion) in ailing British banks Royal Bank
of Scotland, HBOS and Lloyds TSB. The UK FTSE 100, the German DAX 30 and
French CAC 40 indexes rallied 4.82%, 5.83% and 6.05%.
•Meanwhile, the prospect of OPEC production cuts has been gathering pace.
Qatari oil minister Abdullah al-Attiyah was quoted Monday as saying that
OPEC needed to cut its production as a result of falling demand for crude
due to the global financial crisis as OPEC sources said the group would have
to cut supply by at least 1 million b/d at its November 18 meeting, the
Saudi-owned al-Hayat newspaper reported.
What's Moving the Oil Markets 101408
•Global crude futures firmed in early European trading
Monday, following further co-ordinated central bank actions to stabilize the
global banking system, after last week's plunge in equities and commodities,
sources said.
•Global equities were boosted following the British government's plan to
invest up to GBP37 billion ($64 billion) in ailing British banks Royal Bank
of Scotland, HBOS and Lloyds TSB.
•Gains in commodities far lagged those in equities, allowing the market
sentiment to remain on the bear-side, analysts said.
October 10, 2008
2008 Ozone Hole Larger Than Last Year
The 2008 ozone hole – a thinning in the ozone layer over Antarctica –
is larger both in size and ozone loss than 2007 but is not as large as
2006.
A power grid report card; Top 10 ways to improve power operations and
prevent future blackouts
Five years ago, on August 14, 2003, the worst blackout
in North American history swept across the northeast. Fifty million
people in eight states and in the province of Ontario were left in the
dark, some for as long as four days.
Addressing the Variability Factor; Can Wind Power Reliably Be Part of
the Electricity Mix
A new AWEA fact sheet aims to promote greater
understanding of one of the most complex and frequently confused aspects of
wind energy: how wind and other variable energy sources are reliably
integrated into electric grid operations.
Air Pollution May Increase Risk Of Appendicitis
Could there be a link between high levels of air
pollution and the risk of appendicitis? New research presented at the
73rd Annual Scientific Meeting of the American College of
Gastroenterology in Orlando, suggests a novel connection.
Alternative energy to dampen generator coal consumption; US EIA
Growth in electricity generation from alternative sources such as
nuclear, natural gas and wind will hold down growth in coal consumption by
the
electric sector to 1.2% in 2008 from the previous year, the US Energy
Information Administration said Tuesday.
Americans likely to spend 15pct more to heat homes this winter; EIA
US households can expect to pay an average of about $1,137 this winter to
heat their homes, up about 15% from $986 last year, according to the US
Energy
Information Administration.
Another Inconvenient Truth; The Need for Coal
Another inconvenient truth is that we need coal as part of a balanced
approach to providing for the nation’s -- and world’s -- electricity supply.
This is not merely the desire of energy industry executives, but the reality
when one looks logically and practically at the demand for electricity and
the means of meeting that demand.
Arizona UES customers could see up to 8pct hike in gas bills
Heating bills for UniSource Energy Services' Arizona natural gas
customers could rise between 8% and 16% this winter compared with last year
because of rising fuel prices, the utility said Wednesday.
Birds' Decline Shows Wider Damage to Nature - Study
Dwindling numbers of birds worldwide are a sign that
governments are failing to keep promises to slow damage to nature by
2010, an international report said on Thursday.
California ISO worries battery powered cars may strain grid
The California Independent System Operator said Thursday it is eyeing an
expected influx of thousands of plug-in electric cars in the state by the
year
2012 that could pose a challenge to its grid's power flows unless the cars
are
developed to charge only at night.
Climate Change Could Force Millions From Homes
Environmental damage such as desertification or flooding
caused by climate change could force millions of peoples from their
homes in the next few decades, experts said on Wednesday.
Climate Leaders Take Big Steps to Leave Smaller Carbon Footprints
Leading corporations are demonstrating that reducing greenhouse gas (GHG)
emissions is both good for the environment and their business success.
'Deadly Dozen' Diseases Seen Due to Climate Change
A "deadly dozen" diseases ranging from avian flu to
yellow fever are likely to spread more because of climate change, the
Wildlife Conservation Society said on Tuesday.
DOE Clean Cities; Where Are They Now?
A decade and a half ago, the U.S. Department of Energy
(DOE) designated Clean Cities' first three coalitions within weeks of
one another
Electric Cars Offer Energy Independence
With fuel prices still high, the electric car is
becoming a more attractive form of transportation. Electric cars were
first introduced in the 1970s, but the technology has dramatically
improved in the last 10 years.
Electric Cars to Dominate Green Car Race
It will be years before demand for hybrid cars in the
United States and Europe is big enough for battery manufacturers to make
money from that business, but electric cars are nevertheless poised to
dominate the market for greener vehicles, the world's largest car
battery maker said on Tuesday.
Emissions Rising Faster This Decade Than Last
The latest figures on the global carbon budget to be released in
Washington and Paris recently, indicate a four-fold increase in growth
rate of human-generated carbon dioxide emissions since 2000.
Energy Programs Receive First Wave of CO2 Mone
Maine will use $750,000 from the first-ever "carbon auction" for
weatherization and energy efficiency programs this winter, state officials
announced Tuesday.
ENSO-neutral conditions are expected to continue into early 2009
ENSO-neutral conditions continued during September 2008,
as sea surface temperatures (SSTs) remained near-average in the
east-central equatorial Pacific Ocean. SSTs remained slightly
below-average in the central Pacific, and slightly above-average in the
eastern Pacific
EPA
identifies wasteland for energy
The US Environmental
Protection Agency (EPA) has identified “thousands” of contaminated
properties that could be returned to productive use by hosting solar, wind
or biomass energy production facilities.
Expect Severe Winter in US East - Accuweather
The winter of 2008-09 will be the coldest and snowiest
in years in the eastern United States, threatening homeowners with
back-breaking heating bills, private forecaster AccuWeather predicted on Wednesday.
FDA Suppresses Data, Perverts Congressional Mandate to Study Mercury
Filling Dangers; Whitewash Continues
And you already know that "dental amalgams" have various
toxic metals in them, including, especially, mercury. In fact, they are
50% mercury by weight and release their deadly ingredient day after day,
chew after chew.
Focus sharpens on forests for climate fix
Payments from polluters in rich countries to tropical
communities in exchange for slowing deforestation may soon play a bigger
role in combating climate change if problems like measuring preservation
efforts can be overcome.
France Says Burying CO2, EU Gas Shipments Urgent
The European Union must urgently find funding for a new
technology to trap and bury carbon dioxide underground and should
increase the region's capacity for liquefied gas shipments, the EU's
French presidency said.
France, Britain Back Coal Plant Climate Fix
The European Union must fund a new technology to clean
up coal plants and fight the twin problems of energy security and
climate change, the EU's French presidency and Britain's new climate
minister say.
Global oil futures trade at 12-month lows
Global oil futures were lower again in the European morning Friday,
trading down to around one-year lows led by a massive selloff in gasoil
futures and the spillover effect of turmoil in financial markets.
Global Warming Triggers an International Race for the Arctic
A new epoch is beginning at the top of the Earth, where
the historic melting of the vast Arctic ice cap is opening a forbidding,
beautiful, and neglected swath of the planet. Already, there is talk
that potentially huge oil and natural gas deposits lie under the Arctic
waters, rendered more accessible by the shrinking of ice cover
Green Architecture Opportunity in Financial Woes
The current financial downturn could spur demand for
sustainably designed buildings and communities, the chairman of one of
the world's largest green architecture firms said Tuesday.
Humdinger's Wind Power Alternative
As an MIT engineering undergraduate visiting the rural fishing village of
Petite Anse, Haiti, in 2004, Shawn Frayne hoped to devise a way to convert
abundant agricultural waste into cheap fuel. But the budding engineer
soon found that the community's mainly poor residents faced an
altogether more immediate need.
'Hydrogen Cities' Seen Driving Fuel Cell Adoption
Mass adoption of zero-emissions fuel cell cars will
start with "hydrogen cities" in which refueling stations are rolled out
to serve individual communities rather than a large region, a top
California environment official said on Monday.
Idahoans struggle to pay utility bills
More Idahoans are struggling to pay rising utility bills as increasing power
costs and declining economic fortunes collide to create harder times as
winter nears.
IMF chief warns of looming global economic recession
The world economy is "on the cusp of a global recession" and countries
will need to actively cooperate to solve the crisis, the head of the
International Monetary Fund said Thursday.
In slowing economy, electricity and gas cutoffs soaring
The number of Americans whose electricity or gas has been shut off for
nonpayment of their bills is up sharply in many parts of the country as
people struggle to cope with higher prices and a shaky economy.
Inbox100808
The U.S. Environmental
Protection Agency´s decision not to
regulate a toxic rocket-fuel ingredient in drinking water
has environmental litigators rolling up their sleeves and
getting ready to file.
Indonesia's '09 Palm Biodiesel Use Seen at 1-1.2m T
Indonesia may consume 1 million to 1.2 million tonnes of biodiesel
using palm oil as feed stock in 2009, following the introduction of a
mandatory biofuel policy, a government official said on Wednesday.
Map reveals species most at risk from climate change
We heard this week that a
quarter of all mammals are threatened with extinction. One of those, the
polar bear, made headlines earlier this year for being the first
animal to be listed on the US Endangered Species Act, because of its
vulnerability to climate change.
This begs the question: aren't all species vulnerable to climate change? Why
protect the polar bear but not the ringed seal?
N.Y., EPA to spend $1 million cleaning old diesel engines
The U.S. EPA and the New York State Department of Environmental
Conservation plan to spend more than $1 million cleaning up old dirty diesel
engines across the state.
New nukes to cost at top end of $4-bil to $10-bil range; analyst
Caren Byrd of Morgan Stanley said the "considerable divergence" of
current cost estimates for a new nuclear plant -- she cited figures of $4
billion to $9 billion or $10 billion -- was "risk appearing."
Obama, McCain spar over energy in second presidential debate
From US foreign policy to global warming to a question about top domestic
priorities, Senators Barack Obama and John McCain kept returning to major
energy and environmental issues during Tuesday night's second presidential
debate.
Official; Automakers will wait to see $25 billion in loans
The U.S. Department of Energy will meet a Congressional deadline for a
temporary rule governing $25 billion in loans for the U.S. auto industry,
but the money may not flow for some time, Energy Secretary Samuel Bodman
said today.
OPEC ready to meet if oil price continues fall below $90b; Iraq
OPEC is ready to convene an extraordinary meeting ahead of its December
conference if oil prices continue to drop much below $90/barrel, Iraqi oil
minister Hussain Al-Shahristani said Wednesday.
Public
Input on Yucca Requested
Federal lawmakers are calling for public hearings and a broader review of
the government application to build a rail line across rural Nevada for
nuclear waste shipments to Yucca Mountain.
PV system generates more solar electricity, reduces costs
Solyndra, Inc.
has introduced a new solar photovoltaic (PV) system, comprised of panels and
mounting hardware, for commercial rooftops. The company claims the new PV
system can generate significantly more solar electricity on an annual basis
from typical low-slope commercial rooftops with lower installation costs
than conventional flat-panel PV technologies.
Quote of the
Day 100908
"If OPEC decides to cut production in November or
December it will take a long time to flow through the system. We are seeing
crude stock builds, weak refining margins, gasoline builds as refineries [in
the US Gulf] come back on-line,"
(a London-based
broker said regarding the time-scale of an OPEC cut to produciton.)
Quote of the
Day 101008
"Until such time that credit conditions do not
normalise, the prompt price for oil is unlikely to disconnect from
sentiment-driven trends in equity markets and can sink further still."
(Harry
Tchilinguirian, analyst at BNP Paribas said after revising down the
company's average oil price forecast to $104.00/b for 2008.)
Regulating
greenhouse gas
After an intensive two-year period that included 27 hearings, four white
papers and numerous workshops on climate policy, the House of
Representatives Subcommittee on Energy and Air Quality released a
"discussion draft" on it's proposed climate change legislation.
Report of Solar-Geophysical Activity 100908
The geomagnetic field is
expected to be at quiet levels for 10-11 October. Unsettled to
active conditions with isolated minor storm levels at high latitudes
are expected for 12 October due to a recurrent coronal hole high
speed stream.
Residents frustrated with lack of wind energy regulation
It was just a whisper, voiced from exasperation and, perhaps, an
acknowledgment of defeat. "We don't matter."
S&P sees higher coal prices in the long term
"As commodity prices have risen, coal has proven no exception. Even as US
power plants have been looking more to natural gas, alternative energy, and
new technologies in anticipation of new environmental regulation, they've
had
to scramble to cope with greater price volatility for this once stable
commodity,"
San Jose's Green Vision; One Year Later
"The people of San Jose and Silicon Valley have changed
the world. With our history of innovation and environmental stewardship
as a foundation, San Jose is on track to become the world's center of
innovation in clean, green technologies," said Mayor Reed
Sea-level to rise by one-metre this century; scientists
Global warming calculations have been too optimistic,
and the sea level round the globe is likely to rise a full metre this
century
Siemens to supply steam turbine for 'Solar Tres' solar tower power plant
in Spain
Siemens Energy is to supply an industrial steam turbine for one of the
world's first commercial solar tower power plants. The Spanish company Sener
will build the innovative solar thermal power plant with a capacity of
19 megawatts (MW) at a site in the vicinity of Seville in Andalusia.
Study
shows geothermal potential
The United States is bubbling with geothermal resources, a new study shows,
and Nevada may reap the benefits.
Sunny Future Interest Heats Up for Big Solar Plants
The facility being built by eSolar will test what company officials extol as
game-changing technology that uses a modular design and mass-manufactured
components that can be scaled to fit specific power needs.
"By using modular mass-manufacturable design, we are able to reach
economies of scale..
Tax Credits Extended.htm; Renewable Energy Industry Breathes Sigh of
Relief
After a disastrous few weeks on Wall Street, the
renewable energy industry has come out a winner. It seems there's always a
silver lining in even the worst developments.
Technological Innovation Driving Renewed Interest in Geothermal Energy
In the past, geothermal energy might have been
called the underdog of renewable energy. But if one were to characterize the
industry based on current growth and technological innovation, it might be
more accurate to call geothermal the rising star of the industry.
The Sun -- India's Future Powerhouse
India’s growth in power generation since its
Independence has been noteworthy making India the third largest producer
of electricity in Asia.
U.S. focus on climate could ease financial crisis
If the United States focused on curbing climate change
as soon as a new president took office -- or sooner -- it could help
pull the world from the financial brink, environmental policy experts
told Reuters.
U.S. Power Sector Is Using Different Strategies To Deal With Volatile
Coal Prices, Report Says
As commodity prices have risen, coal has proven no
exception. Even as U.S. power plants have been looking more to natural
gas, alternative energy, and new technologies in anticipation of new
environmental regulation, they've had to scramble to cope with greater
price volatility for this once stable commodity,
U.S. RENEWABLE ELECTRICITY GENERATION SURGES BY 32 Percent
According to the latest "Monthly
Electricity Review" issued by the U.S. Energy Information Administration
(October 3, 2008), net U.S. generation of electricity from renewable
energy sources surged by 32 percent in June 2008 compared to June 2007.
UK'S Brown urges OPEC not to cut crude output
British Prime Minister Gordon Brown Friday urged OPEC not to cut
production at its extraordinary meeting next month, saying it would be wrong
for the oil cartel to reduce output so as to keep prices high at a time when
the world economy was in turmoil.
US House draft climate bill would cut CO2 emissions 80pct by 2050
The jurisdictional committee in the US House of Representatives Tuesday
released a draft bill to cut greenhouse gases 80% across the US economy by
2050 from 2005 levels through an emissions cap and allowance trading system.
US Justices Seem Split Over Navy Sonar Whales Case
The Supreme Court seemed on Wednesday closely split on
whether President George W. Bush can exempt the Navy from federal
environmental laws, a case pitting protection of whales against military
training exercises.
US Seen Open to Forestry Offsets in Climate Fight
As it inches toward forming climate policy, the United
States is more open to attempting to slow global warming through
investments in tropical forests than the European Union is, a broker
that works on forestry deals said.
What's Moving the Oil Markets 100908
•Wednesday's US Energy Information
Administration data revealed a bearish set of indicators with a 8.1
million barrel build on crude stocks.
What's Moving the Oil Markets 101008
•Global crude futures were trading significantly weaker at one-year lows
Friday during European trading, supported by a massive sell-off in gasoil
futures and the spillover effect of turmoiled financial markets
•The International Energy Agency Friday slashed its
estimates of world oil demand in the second half of 2008 and in 2009 as
a result of the ongoing financial crisis.
October 7, 2008
Appalachian Customer; 'It's Either Pay Up Or Freeze'
With electric rates set to rise from 15 percent to nearly 40 percent across
most of the region, reactions from customers range from uneasiness to
outrage.
Attorney General Cuomo Sues Bush EPA Over Water Pollution Loophole That
Threatens NY's Waterways And Drinking Water
Cuomo is leading a coalition of nine states in suing the EPA for
creating an illegal loophole in the federal Clean Water Act by refusing
to control the transfer of polluted water from one water body to
another.
Australia Fights Climate Change Threat to Rivers
The rapid march of climate change across Australia's main
food-growing region has caught the country by surprise and will reshape
farming across an area bigger than France and Germany, says the top
water official.
Bailout Bill Also Includes Array of Solar Incentives
While bailing out Wall Street this week, Congress also jump-started the
renewable-energy industry.
California Greenhouse Emissions Up 14 Percent 1990-2004
California's polluting greenhouse gas emissions rose more than 14
percent between 1990 and 2004, a report issued this week by the
California Energy Commission showed.
China Grim on Prospects for Climate Pact
Negotiations seeking a global pact to tackle global warming are
troubled and could end in disastrous failure, China's top climate change
envoy warned on Monday, saying rich countries are failing to deliver on
promises.
Climate Change Strategy To Help Manage Water Resources
"Water is key to clean energy and climate change," said Benjamin H.
Grumbles, EPA's assistant administrator for water. "Our water and climate
strategy charts a course for timely and practical action, connecting the
dots, drops, and watts for coordinated, sustainable results."
Climate Change Threatens Australian Fisheries
Climate change threatens Australia's A$2.1 billion (US$1.6 billion)
commercial fishing and aquaculture industry, but may create new wild
fisheries as tropical marine species move south as sea temperatures
rise.
Commission delays decision on radioactive waste
The Nuclear Regulatory Commission today said it's postponing any decision
now on whether EnergySolutions can import low-level radioactive waste from
Italy and dispose some of it in Tooele County.
Cut
the Sprawl, Cut the Warming
For years, while Washington slept, most of the serious work on
climate change has occurred in the states, and no state has worked
harder than California.
Energy Initiative in Missouri Enjoys Powerful Support
Proposition C, the renewable energy initiative on Missouri's November
ballot, appears to have lots of support and little organized opposition.
EPA develops water plan for climate change
The U.S. EPA has prepared a document to help clean water and drinking
water officials deal with the potential effects of climate change.
GE Energy's 2.5xl Wind Turbine makes Italian debut
GE is supplying 12 of its 2.5xl wind turbines for the project, which is
expected to be completed by June of 2009. The wind farm's total rated
capacity is 30 MW with an annual estimated generation of about 74 GWh, or
enough electricity to meet the annual requirements of 25 000 households.
German test plant may lead to clean coal power; German plant cuts
emissions, with eye to renewables
Coal-burning plants are the world's biggest producers of electricity. But as
climate change worries mount, the billions of tons of greenhouse gases they
emit each year have put in doubt coal's future as a cheap, home-grown source
of electricity.
Government to Fund 21 Geothermal Projects
The U.S. Energy Department says it will fund 21 research, development and
demonstration projects up to $78 million to promote enhanced geothermal
systems.
Green Energy
Plan Criticized
In a proposal that might decide the future of green power in Florida for
decades, the staff of the Public Service Commission recommended Thursday
that electric utilities be required to provide 20 percent of their power
from renewable sources by the year 2041.
Is There a Green Upside to the Economic Meltdown?
Fraser believes that backlash to the recent economic crisis will
result in a new era of enlightened regulation and investment akin to
Roosevelt's New Deal, which helped America climb out of the Great
Depression.
Kansas is Dedicated to the Power of the Wind
Kansas -- the "Saudi Arabia of wind" -- can be proud of leading a "Made in
America" energy policy that uses homegrown natural resources, Gov. Kathleen
Sebelius said Thursday.
More Fallout Over Plans for 'Destructive' Coal Power Plant
Midland organisations today joined criticism of the energy giant e.on for
its plans to build the UK's first coal plant in three decades.
Nations eye India's vast nuclear market
With an emphatic vote
Wednesday, the US Senate assured that America will take part in India's $100
billion nuclear-energy sweepstakes.
Paulson on Emergency Economic Stabilization Act
By acting this week, Congress has proven that our Nation's leaders are
capable of coming together at a time of crisis, even at a critical stage of
the political calendar, to do what is necessary to stabilize our financial
system and protect the economic security of all Americans.
Power plant foes are suing to pull plug
Opponents of a proposed $200 million power plant fueled by poultry waste
filed a lawsuit in Sampson County to stop its construction.
Quote of the
Day 100708
"Overnight the Australian Central Bank has lowered
interest rates by 1%, the Bank of England should decide its next move on
Thursday and the global markets are starting to anticipate and price
coordinated rate cuts
"This is technical bounce. The dollar is giving up
some of its gains from yesterday and some equities have recovered, the
dust hasn't settled yet.
Report of Solar-Geophysical Activity 100208
The geomagnetic field is
expected to be at mostly unsettled conditions with isolated active
periods for 03 October. Quiet to unsettled levels are expected for
04-05 October.
Risks Mount for Global Warming Fight - UN
The struggle against climate change must not follow
world trade talks into limbo as risks mount that the credit crisis will
sap commitment to the fight, the UN climate chief said on Monday. Yvo de Boer
said he was worried about the impact of the credit crisis on international
action to fight climate change, as US and European governments pour cash
into keeping commercial banks afloat.
Silicon supply shifts solar dynamics
A protracted shortage of raw silicon that impacted the
fortunes for some makers of solar photovoltaic panels is beginning to
ease. The broader supply will put emerging thin-film panel makers under
renewed pressure, said one market watcher.
Solar market to reach $100 billion in 2013
Despite projected oversupply in early 2009, leading to
significantly lower average selling prices (ASPs), the global solar
market will reach $100.4 billion in 2013, up from $33.4 billion in 2008,
according to the latest report from Lux Research.
State Fights
Desert Rock
"The EAB can and should send this permit back to the EPA with an order to
re-evaluate specific issues that we have outlined in our brief," Attorney
General Gary King said. "The EPA has a legal obligation to give New Mexicans
the full protections afforded to them under the Clean Air Act."
The $700 Billion Question, How Much Is That Exotic Security?
Economists and financial experts don't all agree that a
taxpayer-funded purchase of troubled mortgage securities is the best way
to attack the credit crunch. Some support it, while others prefer
alternatives like a loan program for hard-hit financial institutions or
a government-backed mortgage refinancing program -- strategies that
could supplement the administration's plan or replace it if it fails.
U.S. to limit oil development in polar bear habitat
The U.S. Interior Department will designate within two
years protected areas of the Arctic that are considered critical habitat
for polar bears and cannot be harmed by oil development as part of a
legal settlement with environmental groups on Monday.
UK Government; Department of Energy and Climate Change established
Ed Miliband, the new Secretary of State for Energy and Climate Change, today
welcomed the creation of a new department to tackle the twin challenges of
energy security and climate change.
UN Body to Finalise Action on Ship Emissions
Curbing greenhouse gas emissions from ships, possibly by
including the sector for the first time in an emissions trading scheme,
tops the agenda at a meeting of the industry's top regulatory body in
London this week.
US banks still wary despite $700 bil rescue plan; bankers
The $700 billion bank "rescue" program that US lawmakers passed and was
signed into law by President Bush last week does not appear to be restoring
broad confidence in the banking sector, bankers active in the energy sphere
said on Monday.
US House approves extending energy tax credits
The U.S. House of Representatives passed legislation on Friday extending
billions of dollars in tax credits for the solar, wind and biodiesel
industries, ending months of uncertainty for renewable energy companies.
What's Moving the Oil Markets 100708
•Global crude futures firmed Tuesday, as a 1% interest rate cut in
Australia sparked expectations that global central banks would launch a co-ordinated
move to lower interest rates to help demand, sources said.
•"Expectations of rate cuts combined with the sharp correction in
commodities
Wind farms don't pose danger to some birds
British researchers say they've determined wind farms pose less of a danger
to farmland birds than was previously feared.
October 3, 2008
90,000 Homes To Be Powered By Chicken Manure
The world’s largest biomass power plant running exclusively on chicken
manure has opened in the Netherlands. The power plant will deliver renewable
electricity to 90,000 households. It has a capacity of 36.5 megawatts, and
will generate more than 270 million kWh of electricity per year.
AC/DC; Not just a rock band anymore
Sharp Corp. and TDK Corp. have revived the apparently
never-ending DC vs. AC debate.
Alaskan Utility Initiates Study for Large Scale VRB Energy Storage
System
"The study will help us identify the appropriate size VRB-ESS
for Kotzebue's wind/diesel hybrid generation system...
The VRB-ESS can economically store and supply large
amounts of electricity on demand and is focused on stationary
applications. It is a long life, cost effective, low maintenance,
efficient technology that allows for the scalability of power and
storage capacity independently.
Alliance changing America's perspective on water is launched
The National Association of Clean Water Agencies formed
the Clean Water America Alliance as a 501(c)(3) nonprofit to help
achieve changes in how water issues are discussed, managed and solved,
with a focus on holistic, watershed-based approaches.
An
Exhausting War on Emissions
In 1991, Norway became one of the first countries in the world to impose
a stiff tax on harmful greenhouse gas emissions. Since then, the country's
emissions should have dropped. Instead, they have risen by 15%.
As power costs climb, homeowners, TVA exploring way to save, create
energy
When David Bolt arises before his family and the sun, he wends through
darkened rooms, LED flashlight in hand, to avoid turning on the lights.
It's one of numerous practices the Harriman resident and entrepreneur has
adopted to save energy.
Big is Best in Resilient Renewables Sector
The "green economy" will rebound faster than most from
global financial turmoil, because of government-guaranteed revenues for
renewable energy.
Bodman sees US nuclear energy expanding, regardless of elections
US Energy Secretary Samuel Bodman said Wednesday he was confident that
the US will rely more on nuclear energy in the future regardless of who wins
the country's elections in November.
Brazil Government Biggest Illegal Logger in Amazon
The Brazilian government tops the list of the 100
largest illegal loggers in the Amazon rain forest and will face criminal
charges, the Environment Ministry said on Monday.
Breaking Free of Battery Backup
Innovative rotary power protection and conditioning
technology keeps rail operations on track despite glitches in utility
power and momentary loss of utility supply
California may need emergency $7 billion loan; report
California may need an emergency loan of up to $7
billion from the federal government within weeks, the Los Angeles Times
on Friday quoted Gov. Arnold Schwarzenegger as saying in a letter to
U.S. Treasury Secretary Henry Paulson.
Chemical Equator Discovery Will Aid Pollution Mapping
Scientists at the University of York have discovered a ‘Chemical Equator'
that divides the polluted air of the Northern Hemisphere from the largely
uncontaminated atmosphere of the Southern Hemisphere.
Commentary – This Too Shall Pass
Even though most of Wall Street is in shock as the stock market
collapsed 777 points (the single- largest point drop in the 200-plus
year history of Wall Street) and all because the House of
Representatives failed to pass the T.A.R.P. rescue plan with a 205 -
228,
Commentary; Reconciling Poverty, Sustainability, and the Financial
Crisis
The health of the world's ecological systems will be decisive in
determining our ability to meet all of the Millennium
Development Goals. Environmental sustainability is not just another
policy goal. The human economy is wholly contained within the global
biosphere - and if the biosphere's productivity is undermined, the
human economy will suffer.
Concentrating Solar Thermal Power
The time seems to be right for concentrating solar
thermal technology, with thousands of megawatts of new capacity in the
pipeline. There's no doubt this technology can deliver, and utilities
like its scale. While trough technology is the established workhorse,
investors are eagerly backing a range of alternatives.
Credit Crisis May Delay Biofuels Development
A global pull-back from bank lending may dent the commercialisation
of biofuel technologies to replace conventional gasoline, said the chief
executive of US cellulosic ethanol firm BlueFire Ethanol.
Crude futures stable, awaiting vote on bailout, US payrolls data
"It has been a rollercoaster ride. We have had exceptional ranges around
$5/b for most of the week and most traders are really shell-shocked," one
London-based broker said.
Deactivating
Radioactive Waste
An efficient transmutation of radioactive waste requires
the development of new facilities. In addition to specially designed
fast reactors, the Accelerator-Driven Systems (ADS) present a new
potential concept....
An alternative nuclear fuel, which leads to a reduced incidence of
radioactive waste, is the "thorium-uranium cycle."
Doe's Energy Savers Website Helps Consumers 'Stay Warm, Save Money'
The U.S. Department of Energy (DOE) today, on the first
day of Energy Awareness Month, launched the Stay Warm, Save Money
website and educational outreach campaign to help consumers be more
energy efficient and save on energy costs.
EcoSecurities And ClimateBiz Announce That More Corporates Are
Implementing Carbon Management Strategies To Tackle Climate Change
...the findings of their ‘Carbon Offsetting Trends
Survey 2008', one of the first research studies to focus on corporate
attitudes in relation to the concept of carbon offsetting.
Financial Storm Dims Hope of Tough UN Climate Pact
Global financial mayhem is dimming prospects for a
strong new UN pact to fight climate change, but it might aid cheap green
schemes such as insulating buildings to save energy, analysts said.
Fraunhofer ISE Researchers Achieve 39.7% Solar Cell Efficiency
At 39.7% efficiency for a multijunction solar
cell, researchers at the Fraunhofer Institute for Solar Energy Systems ISE
in Freiburg have exceeded their own efficiency record of 37.6%, which
they achieved in July of this year.
Fuming in DC; Time to Draw the Line
Congress just adjourned for the Rosh Hashanah holiday and we in the clean
energy industries are without a tax credit extension. And I am hopping mad,
as Congress will soon adjourn for the national elections.
Global Green Job Market Expected To Explode
“A sustainable economy can no longer externalize
environmental and social costs. The price society pays for the consequences
of pollution or ill health for example, must be reflected in the prices paid
in the marketplace. Green jobs therefore need to be decent work.”
Great Lakes show great promise for wind energy, researchers find
Michigan has far greater potential for wind energy than anyone previously
thought -- offshore in the Great Lakes that surround it, according to a new
report.
Greenhouse Gas Capture Policies Missing, GAO Finds
Federal policy-makers have taken few of the steps necessary if greenhouse
emissions from coal-fired power plants are to be captured and stored
underground, according to a new government report.
House Passes PTC-ITC But Final Approval Unlikely
With time running out, hopes for extending the US
Production Tax Credit and Investment Tax Credit before the November
elections took a serious hit Friday after the House of Representatives
passed an "extenders" bill unacceptable to Senate Republicans and the
White House
Introduction to the Climate Action Reserve
The Climate
Action Reserve is a new initiative of the California Climate
Action Registry that is setting a new standard for
transparency and environmental integrity in tracking and
registering greenhouse gas (GHG) reduction projects. This
one hour webinar will provide a general overview of the Reserve...
Market Turmoil Overshadows First-Half Gains by Investment Banks
Investment banks achieved a $15 billion turnaround in revenues in the second
quarter of 2008, according to a report by The Boston Consulting Group (BCG),
but recent gains have been overshadowed by the collapse of Lehman
Brothers and concerns that the financial crisis may continue to deepen.
Melting of Arctic ice 'fascinating ... alarming'
They placed bets, pored over satellite images, and speculated endlessly on
how much Arctic ice would survive the summer.
"Everyone was following it," said Louis Fortier, scientific director of the
Arcticnet, which funds and co-ordinates much of Canada's polar research. "It
was like the hockey final."
Modest CO2 Cutbacks May Be Too Little, Too Late For Coral Reefs
How much carbon dioxide is too much? According to United
Nations Framework Convention on Climate Change (UNFCCC) greenhouse gases
in the atmosphere need to be stabilized at levels low enough to "prevent
dangerous anthropogenic interference with the climate system."
National Solar Tour Puts Solar Energy On Display Across America
Sometimes the best way to educate the general
public about new technology is to show them how it works in the real world.
That's what the American Solar Energy Society (ASES) says is at the heart of
its National Solar Tour, now in it's 13th year and taking place this weekend
in cities and towns across America.
New Management Team Takes Charge at Renewable Energy Lab
A new management team takes charge at the U.S. Department of Energy's
National Renewable Energy Laboratory (NREL) today. The Alliance for
Sustainable Energy, LLC was awarded a five-year contract to manage and
operate the Laboratory on July 29.
NJ Dietican Licensing Gags Others' Free Speech, Stifles Nutrition
Information - to Make You Sicker Longer, and Help You Die Sooner
While 46 other states have some sort of Dietitian's licensing law, New
Jersey is trying (like Ohio and a few others) to make Registered Dieticians
(RDs) the ONLY people, that's right, the ONLY ones who can discuss food,
food components, nutrition, health benefits and other food related concepts
and practices with anyone at all under just about any circumstances ("with
or without compensation...").
Ocean 'Dead Zones' Spread, Fish More at Risk - Study
The number of polluted "dead zones" in the world's
oceans is rising fast and coastal fish stocks are more vulnerable to
collapse than previously feared, scientists said on Monday.
Perilous Times Call for Transformational Thinking, and Action
For three late September days in a traffic-clogged New
York City, the famous and the powerful gather at the Clinton Global
Initiative annual conference to share charismatic thoughts and
large-scale commitments to address issues in global health care,
education, poverty alleviation, and energy and climate change.
PNM
fly ash investigation continues
New Mexico Environment Department confirmed Tuesday that one of its
Occupational Health and Safety Bureau teams visited PNM's San Juan
Generating Station in Waterflow.
Pollution Slowly Killing World's Coral Reefs
Dainty blue fish dart around coral shaped like moose
antlers near the Mexican resort of Cancun, but sickly brown spots are
appearing where pollution threatens one of the world's largest reefs.
Rapid Growth in the Algae Market; Managing Risk in the Renewables Space
With over US $180 million in venture capital
invested in Algae companies already this year, the market looks ready to
explode. That explosion couldn't come soon enough for biodiesel producers
who are having trouble getting enough feedstock to meet global demand.
Reliant Energy extends selloff after raising capital
Shares of Reliant Energy plunged as much as 51 percent in early trade on
Tuesday after the company said it had to raise $1 billion to replace a
credit facility with Merrill Lynch.
Renewable Energy Tops 10% of U.S. Energy Production
According to the latest "Monthly Energy Review"
issued by the U.S. Energy Information Administration, renewable energy
accounted for more than 10 percent of the domestically-produced energy used
in the United States in the first half of 2008.
Report Outlines Issues Faced by US Utility Industry During Period of
Financial Uncertainty
“The utility industry is not immune to the current financial conditions that
government, business and consumers face, even though utility securities are
often considered safe havens in times of economic difficulty,” said Richard
Rudden, Senior Vice President of Black & Veatch’s Enterprise Management
Solutions Division. “Utilities have huge capital requirements.
Scientists Aim to Boost Southern Ocean CO2 Monitoring
Australian scientists set sail later this week on a
voyage that could lead to better data from the Southern Ocean, which
plays a major role in acting as a brake on climate change.
Solar Paint on Steel Could Generate Renewable Energy Soon
In three years, buildings covered in steel sheets
could be generating large amounts of solar electricity, thanks to a new
photovoltaic paint that is being developed in a commercial partnership
between UK university researchers and the steel industry.
Students to develop solutions to global water crisis
More than five million people die each year due to a
lack of safe drinking water, and the UN estimates that 5.5 billion
people will lack adequate access to freshwater in the next 20 years.
Water scarcity has emerged as a serious threat to peoples across the
world. Called "the new oil" for the 21st century, water affects
everything.
Study Eases Fear About Wind Farm Threat to Birds
Wind turbines do not drive birds from surrounding areas,
British researchers said on Wednesday, in findings which could make it
easier to build more wind farms.
Study. Cities don't cause climate change
A British study concludes cities are being unfairly blamed for most
greenhouse gas emissions and that threatens efforts to fight climate change.
Suit Over Bird Deaths at Altamont Pass Dismissed
In a Sept. 18 decision, the Court of Appeal in San Francisco dismissed the
lawsuit brought by the Center for Biological Diversity, saying while members
of the public may sue under the "public trust doctrine" to protect wildlife,
they may sue only government agencies and not private parties.
The decision reaffirms a Superior Court ruling to dismiss the lawsuit...
Tall tale; Trees could power wireless networks
The U.S. Forest Service uses a network of automated
stations to track weather conditions, especially during fire season. But
the solar-powered remote network needs large forest clearings so the Sun
can reach collectors.
Tax credits set to be part of US bailout
Stop Press:
Just as it seemed that US renewables tax credit legislation - in the form of
extensions to the PTC and ITC - was doomed until at least after the
forthcoming US election, who'd have thought it: it has only turned up in the
US bailout rescue package...
The U.S. Faces Serious Risks of Brownouts or Blackouts in 2009, Study
Warns
A new study released this week highlights what experts have been saying for
years: the U.S. faces significant risk of power brownouts and blackouts as
early as next summer that may cost tens of billions of dollars and threaten
lives.
Uranium Bill
Passes Senate
A bill preventing Russia from flooding the U.S. market with cheap uranium
and protecting the Paducah Gaseous Diffusion Plant is headed to President
Bush.
US Could Create 4.2 Mln Green Jobs by 2038 - Study
The US economy could generate 4.2 million new "green"
jobs in the next 30 years, about 10 percent of all the jobs created,
according to a study for the US Conference of Mayors released on
Thursday.
US House may vote on $700-bil bailout, green energy tax credits
The US House of Representatives is slated to vote later Friday on whether
to enact a $700 billion financial crisis bill that includes a package of tax
credits with $17 billion for renewable and low-emissions energy projects.
US Senate gives final approval to nuclear trade with India
The US Senate voted 86-13 late Wednesday to approve a bill allowing US
companies to export nuclear material, equipment and technology to India,
lifting restrictions that have been in place for more than 30 years.
Using Advanced Chemometrics for Continuous Monitoring of Source Water
Due to the transient and unexpected nature of the events
we are trying to detect, the monitoring systems also need to be on-line
and continuous because if we knew when we needed to monitor, we wouldn't
need to monitor.
Water security guards against contamination at 2008 Olympic games
While world records were being made and broken at the
Beijing 2008 Olympics, strategically placed Hach GuardianBlue®
Early Warning Systems were quietly and carefully analyzing the drinking
water to guard against contamination.
Weather-related Disasters Dominate
An estimated 874 weather-related disasters occurred worldwide in 2007,
representing a 13 percent increase over 2006, according to the
latest Vital Signs Update. This was the highest number of such
disasters since the systematic recording of these events began in
1974.
What's Moving the Oil Markets 100308
•Crude futures were little changed in early European trading Friday,
after a week-long plunge, as traders awaited the US House of
Representatives' vote on the revised $700 billion rescue package, and ahead
of key US payrolls data released later today, sources said.
• "It has been a rollercoaster ride. We have had exceptional ranges around
$5/b for most of the week and most traders are really shell-shocked," one
London-based broker said. Nov ICE Brent has slumped $12.26/b or 12.1%
relative to last week's settle, as the darkening outlook for global demand
in the wake of recent financial turmoil and strength in the dollar, the
world's reserve currency continues to weigh on sentiment across the
commodity complex.
World Bank's 'green' energy funding up 87 percent
World Bank funding for efficient and renewable energy rose 87 this year
to nearly $2.7 billion, reflecting the importance of moving to a low-carbon
economy, the bank's energy chief said on Thursday.
September
30, 2008
AEP Wants to Ask Customers to Chip in; The Plan Would Ask People to
Volunteer to Pay for Green Energy
Colorado customers may soon be able to write a larger
check for the monthly bill to support the generation of electricity with
wind, water and other renewable sources.
AEP wants you to pick up storm's tab
With the government's storm-response tab topping $34 million and hundreds of
thousands of people struggling to clear trees and replace spoiled food after
the Sept. 14 wind storm, American Electric Power is thinking about billing
its customers for the cost of restoring their power.
Bank rescues spread as Bush pushes bailout
Bank rescues spread in Europe on Tuesday and President
George W. Bush gave assurances that a $700 billion bailout plan for the
financial sector was not dead, giving markets around the world a boost.
Bodman plans last appeal for nuclear power at IAEA meeting
US Energy Secretary Samuel Bodman will attend the International Atomic
Energy Agency's general conference next week, advocating again for expansion
of civilian nuclear energy and increased protection of nuclear materials
worldwide.
Britain Leads Way in Race to Harness Wave Power
Three sites are under investigation - two off Scotland and one off the coast
of Northern Ireland - for up to 60 underwater turbines, generating 60 mega
watts of power for 40,000 homes.
ScottishPower, the energy firm behind the plans, said the technology could
make Scotland the global leader in the field.
Buffett Makes Bid for Constellation
The turmoil in the financial sector is now rattling the utility world.
Constellation Energy was about to become the first such casualty, but Warren
Buffett's MidAmerican Energy Holdings came to the rescue, finding a
fundamentally good company at a garage sale price.
Carbon Capture and Storage; a Very Expensive Silver Bullet?
Scottish Power recently unveiled plans to liquefy CO2 emissions from its
coal fired plant at Longannet, and transport the waste gas to burial rocks
beneath the North Sea, which it claims have the potential to store all of
Europe's CO2 emissions for the next six hundred years. Although doubts over
carbon capture and storage technology remain, these concerns are looking
increasingly tenuous.
Chairman Gordon Calls For A National Water Initiative To Help Ensure
Water Supply
Committee on Science and Technology Chairman Bart Gordon
(D-TN) recently introduced H.R. 6997 a bill to create a national Water
Initiative. The Initiative will coordinate and support federal water
research, education, and technology transfer activities to address
changes in water use, supply, and demand in the U.S.
Colorado Could Become Solar Leader
Solar power accounts for a fraction of the megawatts wind generates, but as
technology improves and costs fall, solar panels could catch up in a big
way.
Conservatives stand firm on opposition to bailout
The failure of a massive Wall Street bailout bill and a
steep fall in the stock market was a price worth paying to stand up for
principle, some conservatives said on talk radio shows on Tuesday.
Dutch Venture Plans Cheap, Powerful Electric Cars
A Dutch-based company announced plans to produce affordable electric cars by
the end of 2009, promising they would be much more powerful than existing
models and have zero emissions.
Energy
Risk - Informing Congress
Energy is arguably the hottest topic in Congress nowadays.
In July, Senate Majority Leader Harry Reid was pushing his bill to stop
excessive energy speculation through the upper house as lawmakers reacted to
the sharp rise in oil and gas prices. In January, the new Congress under a
new administration is expected to tackle carbon emissions through a
cap-and-trade program or a carbon tax.
Europe Warms Fast; Med Drier, North Ever Wetter
Europe is warming faster than the world average and
governments need to invest to adapt to a changing climate set to turn
the Mediterranean region arid and the north ever wetter, a study showed
on Monday.
Flagstaff unlikely to meet 2012 emissions goal
Flagstaff as a community is unlikely to meet goals to cut global-warming
gases below 1990 levels in the next few years, even with aggressive
proposals like a carbon tax.
Global energy slowdown nigh in tight-credit environment; analyst
Energy companies unable to make back costs at $60/barrel oil or $6/Mcf
natural gas will fail in an emerging environment of tight credit and slower
global growth
Gorbachev to form new Russian party
Former Soviet leader Mikhail Gorbachev will join forces
with Russian tycoon Alexander Lebedev to launch a new political party
independent of the Kremlin, the billionaire businessman said on Tuesday.
Herd mentality rules in financial crisis
Herd mentality rules during a financial crisis because
people are wired to follow the crowd when times are uncertain, experts
say.
House approves renewable energy tax incentives
The Democratic-led House today approved a $60 billion tax package designed
largely to spur investment in renewable energy, and funded in part by
assessing higher taxes on oil and gas companies.
House Restores Yucca Mountain Funding in Bill
Faced with a White House veto threat, Congress this week is restoring a part
of Yucca Mountain funding that had been cut from a major defense bill.
IMF Says Credit Crisis Marks Tectonic Shift in Financial Markets
The upheaval from the U.S. financial crisis is like a tectonic shift on a
scale not seen in financial systems around the world, IMF First Deputy
Managing Director John Lipsky said.
Impacts of Climate Change in Europe
Europe is warming faster than the world average and
governments need to invest to help citizens adapt to a global warming,
according to a study on Monday.
Investors return to gold 'in a major way'; LBMA Chairman
The Chairman of the London Bullion Market Association, Jeremy Charles,
said that due to chaotic market conditions over the past two weeks,
investors
are returning to gold, "in a major way."
Meltdown unlikely, says Stanford economist
A general economic slowdown is the most likely result of
the
current woes on Wall Street, according to a leading economist.
Microsoft urges House to rethink bailout vote
Microsoft Corp., the world's largest software maker,
urged the House of Representatives to reconsider its vote against the
$700 billion financial bailout plan Monday.
More to Outages Than Wind ; AEP's Lower Maintenance Goals, Outdated
System Made Bad Situation Worse, Critics Say
American Electric Power's policies for maintaining equipment and a lax
regulatory system might have combined to make unprecedented winds in Ohio a
perfect storm for about 700,000 customers left in the dark for days.
Japan to Provide Solar Energy Subsidy
Japan plans to provide subsidies to households that buy solar power systems
to promote solar power and help reduce greenhouse gas emissions, the Nikkei
business daily said Sunday.
NASA delays repair mission to Hubble telescope
Space shuttle Atlantis had been scheduled to blast off in just two weeks,
but an unexpected problem with the Hubble appeared on Saturday night when
the telescope stopped sending science data.
New Group Seeks to Fortify Nuclear Sites
A new organization is being unveiled Monday in Vienna
that seeks to bolster security at thousands of nuclear sites around the
globe in an effort to block atomic theft and terrorism. Its aim is to
promote the best security practices, eliminate weak links in the global
security chain and, ultimately, keep terrorists from getting the bomb
New Solar Generation report; Solar Energy can bring clean energy to over
4 billion people by 2030
With the publication of its up-dated Report "Solar Generation V", EPIA
and Greenpeace confirm that solar electricity can contribute largely to the
energy needs of two-thirds of the world’s population - including those in
remote areas - by 2030.
Northeast Puts on the Carbon Cap
For the first time, a carbon market is opening for business in the United
States. The long-awaited Regional Greenhouse Gas Initiative (RGGI), takes
effect on January 1, 2009. Utilities in ten states—Connecticut, Delaware,
Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode
Island, and Vermont—will be required to purchase carbon emission rights or
find themselves unable to operate.
Offshore
Wind Power Considered
Visitors to Rehoboth Beach, Del., soon may be greeted by more than sand
dunes, seagulls and beach umbrellas. If offshore wind advocates have their
way, scores of 140-foot blades will be spinning in the ocean breeze nearly a
dozen miles away, barely visible to the sunbathers.
PNM fly-ash release gets local attention
Electric company PNM will have to explain to the state's Environmental
Department why a release of fly ash at its San Juan Generating Station
happened Thursday.
Pump prices unfazed amid oil hikes, tight inventories
Despite the recent oil trading fury on Wall Street and a
report that gasoline supplies are stretched thin in many parts of the
country, pump prices resumed their downward trend
Quote of the
Day 093008
"The oil market is linked to whatever is happening in
the financial market as opposed to oil fundamentals. After the biggest one
day drop, Dow Jones futures are up a couple of hundred points and this is
bringing a bit of stability to some commodities including oil this morning,"
a London-based
broker said regarding the recent market volatility following the US $700
billion bailout rejection.
"We suspect that Congress will eventually come up
with a plan that all sides can live with. There is simply too much at stake
by failing to pass a massive cash injection."
Ed Meir of MF Global
said in a report regarding the failed US bailout proposal.
Regional and Larger Banks Get Boost as US Businesses Seek Stability
Turmoil in global credit markets and the economic
slowdown are prompting many U.S. businesses to establish additional
relationships with a wide variety of banks as a means of securing access
to credit. As they do so, middle market businesses are turning to a host
of large national, regional banks and smaller institutions “perceived”
as survivors.
Report calls for international arrangement for spent nuclear fuel
Assurances on disposition of spent nuclear fuel could be more important
than guarantees of fresh fuel in convincing new nuclear countries to rely on
international supply arrangements rather than pursuing their own uranium
enrichment and spent fuel reprocessing programs, according to a study
released
Tuesday by the US and Russian national science academies.
Report of Solar-Geophysical Activity 092908
The geomagnetic field is
expected to be at quiet to unsettled levels with a slight chance for
isolated active conditions at high latitudes for day one (30
September) of the forecast period. On day two (01 October) activity
is expected to increase to unsettled to active levels with a chance for
minor storm periods
Rich Nations' Greenhouse Gases Fell in 2006 - Survey
Rich nations' greenhouse gas emissions dipped for the
first time in five years in 2006, easing 0.1 percent despite robust
economic growth, a Reuters survey of the latest available information
showed on Friday.
Scientists Demand Climate Action From Australia PM
Top Australian climate scientists on Monday wrote to
Prime Minister Kevin Rudd calling for courageous moves to tackle global
warming, as a poll showed economic upheaval sapping public support for
the climate fight.
Section-by-Section of the Bailout Legislation
“Emergency Economic Stabilization Act of 2008.”
Severe fuel shortage grips parts of southeast
A severe fuel shortage has gripped parts of the
southeastern United States, causing long lines at filling stations and
symbolizing for some people their fears about the wider economy.
Supplying 12% of Europe’s Electricity by 2020
The European Photovoltaic Industry closed the last 23rd European Solar
Photovoltaic Conference and Exhibition in Valencia with breaking news: it
announced to the whole sector that it was committing to supply 12% of
Europe’s electricity demand by 2020.
Tax credit to aid first-time home-buyers, must be repaid over 15 years
First-time home-buyers should begin planning now to take
advantage of a new tax credit included in the recently enacted Housing
and Economic Recovery Act of 2008.
Town of Union Might Approve Construction of Wind Tower Despite
Moratorium
Despite local opposition and a moratorium on wind farm development, the town
of Union might approve construction of a wind- measurement tower.
U.S. invests in solar photovoltaic project
The U.S. Department of Energy says it intends to invest up to $17.6 million
for six early stage solar photovoltaic module incubator projects.
U.S. to study effects of wind energy industry on habitats
The Great Plains region, often described as the Saudi Arabia of wind
energy, has caught the eye of so many wind developers that the federal
government is launching an extensive environmental analysis of the
alternative energy source.
Urgent action needed to see 50% global emissions cut by 2050; IEA
Governments around the world need to take urgent action to develop
policies to increase the use of renewable energy if they want to meet their
pledged reduction in greenhouse gas emissions, the International Energy
Agency
said Monday.
US ban on most offshore oil, gas drilling set to end Weds
A 26-year-old congressional ban on oil and gas drilling in most US waters
outside the Gulf of Mexico is set to end on Wednesday, following Senate
passage Saturday of a temporary funding bill for the government.
US House offers stand-alone renewable energy tax credit bill
In another attempt to extend renewable energy tax credits before they
expire at the end of this year, a member of the US House of Representatives
is
offering a new bill that contains only the energy tax breaks and budget
offsets from a version recently passed by the US Senate.
US ready to help finance global nuclear power expansion; Bush
The US is prepared to help other countries develop nuclear energy,
including by "assisting with the necessary financing," President Bush told
the
International Atomic Energy Agency's General Conference in Vienna Monday.
US Treasury Announces Temporary Guarantee Program for Money Market Funds
The U.S. Treasury Department yesterday opened its Temporary
Guarantee Program for Money Market Funds. The U.S. Treasury will guarantee
the share price of any publicly offered eligible money market mutual fund –
both retail and institutional – that applies for and pays a fee to
participate in the program.
What's Moving the Oil Markets 093008
•Global crude futures recovered from an early selloff
in European trading Tuesday, following Monday's plunge across the oil
complex and global stock markets, sources said.
•"The oil market is linked to whatever is happening in the financial
market as opposed to oil fundamentals.
Wind Jobs in Colorado Expected to Boom
Colorado's northern and eastern plains are some of the best places in the
country to site wind farms, comprising 300-foot-tall wind turbines capable
of generating 1.5 megawatts of electricity each when the wind blows.
Erecting the turbines creates hundreds of temporary construction jobs, along
with lease payments and taxes that pump millions into the rural economy.
World's
CO2 emissions increase
U.S. scientists say annual carbon dioxide emissions from burning fossil
fuels and manufacturing worldwide have grown 38 percent since 1992.
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