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March 31, 2009
Abundant gas to help N America become petrochemical leader
North America can become the leader of the global petrochemical industry
again, as new supply of natural gas liquid feedstock will help growth of
plant
capacities in the region, Nova Chemicals CEO Jeffrey Lipton said Sunday.
Access to Water; A Human Right or a Human Need?
Twenty countries have officially challenged the
Ministerial Declaration released Sunday at the close of the week-long
World Water Forum because it defines water as a human need rather than
as a human right.
'Alarming' Use Of Energy In Modern Manufacturing Methods
Overall, new manufacturing systems are anywhere from 1,000 to one million
times bigger consumers of energy, per pound of output, than more traditional
industries. In short, pound for pound, making microchips uses up orders of
magnitude more energy than making manhole covers.
American Indians represented on global stage
TIMOTCA, The International Museum of 21st Century Arts, is an international
nonprofit corporation founded in 1980 to foster peace and cultural
understanding through the universal language of art. TIMOTCA is premised on
the belief that art transcends national borders, inter-cultural differences
and racial distinctions, uniquely touching a peaceful and humanistic quality
in all of us, expanding our potential to move beyond historic fears toward
higher spiritual and evolutionary challenge.
Among Climate Scientists, a Dispute Over 'Tipping Points’
"The climate is nearing tipping points," the
NASA climate scientist James E. Hansen
wrote in The Observer newspaper of London. "If we do not change course,
we’ll hand our children a situation that is out of their control."
The resulting calamities, Dr. Hansen and other like-minded scientists
have warned, could be widespread and overwhelming: the loss of untold
species as ocean reefs and forests are disrupted; the transformation of the
Amazon into parched savanna; a dangerous rise in sea levels resulting from
the melting of the mile-high ice sheets in West Antarctica and Greenland;
and the thawing of the Arctic tundra, which would release torrents of the
greenhouse gas methane into the atmosphere.
Antarctic Dust Layers May Give Climate Hints
South American glaciers are a source of puzzling layers
of dust in Antarctic ice, according to a study published on Sunday in
Nature Geoscience
that might help improve climate change forecasting.
Scientists have long thought that dust entombed in the ice was a sign that
the world went through drier or windier periods during the past 70,000
years. But they could find no evidence in other parts of the world to back
up that theory -- until now.
Biogas could power 2 mm homes in Britain
The Department for Environment, Food and Rural Affairs (DEFRA) is
launching a task force to help sectors including farming and the water
industry meet goals to produce energy from anaerobic digestion, which
generates gas from the break down of organic material without oxygen.
Building a ‘Green’ Manufacturing Base
A bipartisan group of eight senators have introduced a bill aimed at
renewing America’s industrial sector by using less energy, reducing carbon
emissions and producing the technologies that will help the U.S. (and world)
reduce its reliance on fossil fuels.
Cheap oil slows race to tap Arctic supplies
The collapse of oil prices has slowed efforts to tap vast crude oil and
natural gas supplies that lie under the Arctic Ocean but countries like
Russia, Canada and Norway are still vying for a potential bounty of energy
riches trapped there. The potential payoff is huge -- the US Geological
Survey estimates that a quarter of the world's undiscovered oil and natural
gas lies in the Arctic.
China Hails US Climate Pledges, OPEC Fears For Oil
China and other nations hailed US pledges to do more to
fight global warming on Monday but OPEC dampened celebrations by
predicting that a planned UN climate treaty would damage the economies
of oil exporters.
Chinalco confident of proposed investment in Rio Tinto; president
Aluminum Corporation of China, also known as Chinalco, remains committed
to the proposed $19.5 billion investment in Anglo-Australian miner Rio
Tinto,
Xiong Weiping, president of Chinalco, said Tuesday. The bid is still
awaiting
approval from Australia's Foreign Investment Review Board.
EPA Issues New Requirements for Energy Star Computer Monitors, Picture
Frames
The U.S. Environmental Protection Agency (EPA) is
announcing new requirements for computer monitors, digital picture
frames and other displays to earn the Energy Star label. On average,
Energy Star qualified products will be 20 percent more energy efficient
than conventional options.
Food versus Jatropha
The myth the west uses is that marginal lands are waste
lands, this can never be further from the truth. These areas also have
food crops that are adopted to these regions. However poor Agricultural
practices based on monocultures have introduced food crops that are not
site adopted in these areas e.g. the growth of maize varieties that are
not adapted to these regions increasing food insecurity and leading to
food aid dependency.
Fossil Based Electricity Generation Declines, Nuclear Stagnant, as
Renewable Energy Sources Soar; Non-Hydro Renewables Grow by 17pct over
2007
According to the latest figures published by the U.S.
Energy Information Administration (EIA) in its "Electric Power Monthly" report
released on March 24, 2009, non-hydro renewable sources of electricity
enjoyed double-digit growth during the past year while coal, natural gas,
and petroleum experienced notable declines and nuclear power remained
stagnant.
Globally, Land Degrading Faster Than Expected
As
goes the land will go humanity.
A
fascinating yet terrifying new study finds that 24% of the Earth‘s land is
degrading, some of it formerly quite productive. This is the first
accurate satellite based quantification of land degradation.
GM, Chrylser must improve auto fleet fuel efficiency; Obama
US President Barack Obama Monday demanded that Chrysler and General
Motors accelerate production of fuel-efficient vehicles as one condition of
receiving more government aid.
Green Group Buys CO2 Emissions Permits to Retire Them
The first market-based, mandatory cap-and-trade program
in the United States to reduce greenhouse gas emissions held its third
auction of emissions allowances in a 10-state region from Maine to
Maryland on Wednesday. Allowances for 1,000 tons of emissions were
purchased by an environmental group, not for use but to remove them from
the market.
Jolting the
Energy Sector
It had been termed the Brave New World -- the one where electricity
restructuring would revolutionize business models, technology development
and consumer behaviors. But it has yet to happen. With the newfound emphasis
on climate change, however, the energy sector may be jolted in ways that
advocates of deregulation had only dreamed.
Medium Price of Single Family Home Chart
For some perspective into the all-important
US real estate market, today's chart illustrates the US median price of a
single-family home over the past 39 years.
Not only did housing prices increase at a
rapid rate from 1991 to 2005, the rate at which housing prices increased –
increased.
That brings us to today's chart which
illustrates how housing prices have dropped 33% from the 2005 peak.
New Day Dawns for U.S. Global Warming Policy
President Barack Obama has reversed the U.S. position on
global climate change negotiations from the skepticism, delays and
obstructive strategies of the previous administration to a new
cooperative policy based on both science and practicality.
North Dakota coal-fired plants return after water reduction
Great River Energy's 188-MW Stanton station and Basin Electric Power
Cooperative's 650-MW Leland Olds plant returned to service over the weekend,
spokesmen for both companies said Monday.
"We were back online late evening on Saturday," Great River spokesman
Lyndon Anderson said Monday.
Obama administration to appoint nuclear waste commission; Reid
US Energy Secretary Steven Chu, not Congress, will establish a
blue-ribbon commission to develop a new strategy for managing the country's
nuclear waste, Senate Majority Leader Harry Reid, Democrat-Nevada, said
Friday.
Obama announces climate talks between world's major economies
The Obama administration will continue a series of international climate
change talks between developed countries and major developing countries that
were initiated under the prior Bush administration, announcing over the
weekend that it would pursue the negotiations as part of an effort to craft
a
climate treaty by the end of the year.
Obama energy 'taxes' have silver lining, prices to rise; analyst
US exploration and production companies may find that the Obama
administration's proposed oil and gas taxes in the 2010 budget have a silver
lining -- higher commodity prices as domestic output is reduced, investment
bank Raymond James' energy analyst Marshall Adkins said Monday.
Obama Says Budget Must Support Clean Energy
President Obama on Monday began what
is to be a week-long publicity push in support of his federal budget
proposal. Of the four primary objectives within the budget, he began by
highlighting the importance of developing the nation's clean energy supply.
Obama Signs Landmark US Conservation Bill
US President Barack Obama signed sweeping land and water
conservation rules into law on Monday, setting aside millions of acres
as protected areas and delighting environmentalists.
The measure, a package of more than 160 bills, would designate about 2
million acres (809,400 hectares) -- parks, rivers, streams, desert, forest
and trails -- in nine states as new wilderness and render them off limits to
oil and gas drilling and other development.
Obama Signs
Wilderness Bill
Obama called the new law among the most important in decades "to protect,
preserve and pass down our nation's most treasured landscapes to future
generations."
Also in the legislation signed by Obama is a provision named for
"Superman" actor Christopher Reeve that provides for paralysis research and
care for persons with disabilities.
Oil, gas industry aims to nip tax hikes in the bud
Congressional anger at the oil and gas industry hasn’t receded nearly as
much as gas prices have, complicating the effort by lobbyists to block $31
billion in taxes or new fees proposed by President Obama in his budget
blueprint.
Saudi adviser says OPEC cuts have supported oil prices
OPEC's decision to cut crude production by a combined 4.2 million b/d
last year put a floor under oil prices and prevented a collapse, balanced
the
oil market and prevented an "unusual and uncontrolled" build in stocks, a
senior Saudi oil adviser said in a comprehensive review of the market.
Shampoo in the water supply triggers growth of deadly drug-resistant
bugs
The warning has been made by Birmingham and Warwick university
scientists, who say disinfectants and other products washed into sewers and
rivers are triggering the growth of drug-resistant microbes. Soil samples
from many areas have been found to contain high levels of bacteria with
antibiotic-resistant genes, the scientists have discovered - raising fears
that these may have already been picked up by humans.
Slums May Triple As Economic Woes Hobble UN Efforts
The UN housing agency UN-Habitat, which is hosting a major meeting this week
in the Kenyan capital, says the number of slum dwellers in the world could
triple to 3 billion by 2050 if left unchecked.
Sydney Rush-Hour Power Blackout Causes Chaos
A severe power blackout brought chaos to downtown Sydney
on Monday afternoon, causing peak-hour traffic jams as traffic signals
failed and leaving dozens of workers stranded in lifts as they tried to
make their way home.
This year and next critical for many LNG projects; IEA analyst
This year and next year will see critical decisions being made on many of
the world's LNG terminals, but these terminals will not help mitigate
against
security of supply problems, said Hiroshi Hashimoto, natural gas analyst at
the International Energy Agency, Tuesday.
UK promises up to $14 million in fund for offshore wind techs
The UK government plans to offer up to GBP10 million ($14 million) to
help speed up the technologies needed to develop more large-scale
multi-megawatt turbines in offshore wind farms, the UK Department of Energy
and Climate Change said Sunday.
US FERC commissioners weigh cap-and-trade, transmission proposals
Two commissioners from the US Federal Energy Regulatory Commission late
Monday outlined potential issues with key power initiatives on CO2 emission
reduction and transmission planning now before Congress.
US Power Use Tumbling With Recession
US electricity demand will continue to shrink in 2009 as
the economic meltdown hits industrial power consumption, but a rebound
could come in 2010.
Bigger houses, a myriad of electric devices and an expanding economy have
kept US power use on a nearly uninterrupted climb for 25 years - until the
recession put the brakes on industrial demand in 2008.
US senator to introduce mercury, NOx, SO2 emissions bill; aide
US Senator Tom Carper plans to introduce a bill in the coming months that
would regulate mercury, nitrogen oxides and sulfur dioxide emissions from
coal-fired power plants, an aide said Monday.
Wind energy finds fix for exploding bats
Researchers think they are close to solving a problem that has slowed
progress in meeting America's future electricity needs - The giant wind
turbines that constitute one of the most promising alternative energy
technologies also cause bats to explode.
World Switches Off To Save Planet In 'Earth Hour'
Lights went out at tourism landmarks and homes across
the globe on Saturday for Earth Hour 2009, a global event designed to
highlight the threat from climate change.
March 27, 2009
A 5,000-year-old approach to a healthy cardiovascular system
Can the calming rhythms of yoga help your heart the same way as an energetic
30-minute walk? The answer for many with cardiac disease is a resounding
“yes.”
Afghanistan to soon launch maiden bid round, offers three blocks
Afghanistan has invited expressions of interest for three blocks to be
offered in a soon-to-be-launched maiden licensing round, the Ministry of
Mines
said in a statement released earlier this month.
Algae Biofuels - The Hype, the Hope, the Promise
It was a sobering day for me, as it became clear that much of what is
bandied about on blogs and in the mainstream media (to the extent algal
biofuel research gets any coverage in the mainstream media) is wild-eyed
optimism and pure hype. No, you can produce 15,000 gallons of algae biofuel
per acre per year; no, algae biofuel will not replace oil all by itself -
and the list goes on.
Another Record Low Set for US Long-Term Mortgage Rates this Week
Freddie Mac (NYSE:FRE) yesterday released the results of its Primary
Mortgage Market Surveyâ (PMMSâ) in which the 30-year
fixed-rate mortgage (FRM) averaged 4.85 percent with an average 0.7 point
for the week ending March 26, 2009, down from last week when it averaged
4.98 percent. Last year at this time, the 30-year FRM averaged 5.85
percent. The 30-year FRM has not been lower in the life of Freddie Mac’s
weekly survey, which dates back to 1971 for the 30-year FRM.
April OTC coal prices continue tumbling
Coal prices continue to drop, month over month, following most energy
commodities. The small ray of sunshine is that over the final two trading
days
for April deliveries, volume picked up in over-the-counter trades. The
fourth
quarter for NYMEX look-alike trading was especially active.
California's Renewable Energy Law Lives!
California is a leader on a great many
environmental issues. It is now cliche that "as goes California, so goes the
nation." This makes it even more surprising that on renewable energy, we
have relinquished our lead to states like Texas and Iowa! Those two states
have passed us by in terms of installed wind power. California's wind power
growth, as well as other utility-scale renewable energy growth, has been
stuck in neutral for about a decade.
The trend may be changing, however.
Canada Offers To Fund Carbon-Capture Projects
Eight carbon capture and storage projects in Western
Canada will share C$140 million ($114 million) in funding from the
Canadian government, Natural Resources Minister Lisa Raitt said on Thursday.
Chinese buying spree sparks fears of base metal shortage in Asia
Robust Chinese demand could result in a supply shortage of base metals in
Asia even as the rest of the world grapples with low demand, market sources
said this week.
Cold
fusion experimentally confirmed
U.S. Navy researchers
claimed to have experimentally confirmed cold fusion in a presentation
at the American Chemical Society's annual meeting.
"We have compelling evidence that fusion reactions are occurring" at room
temperature, said Pamela Mosier-Boss, a scientist with the Space and Naval
Warfare Systems Center (San Diego). The results are "the first scientific
report of highly energetic neutrons from low-energy nuclear reactions," she
added.
Combating Desertification; Jatropha Project
Jatropha curcas is generally well-known among the
populations of Mali and has long been recognized as a plant of many
uses. If carefully planted, Jatropha hedges not only protect gardens
from hungry livestock but also reduce damage and erosion from wind and
water. Traditionally the seeds were harvested by women and used for
medical treatments and local soap production.
Congress Votes 'Yes' to Sweeping Public Lands Protection Act
Congress today approved a massive public lands bill that
protects two million acres of wilderness in nine states and a thousand
miles of rivers, a 50 percent increase in the wild and scenic river
system. It establishes new national trails, national parks and a new
national monument and provides legal status for the National Landscape
Conservation System, which will protect some of the country's most
spectacular landscapes.
Fall in oil prices puts future supply growth 'at risk'; CERA
The sharp drop in oil prices since last summer's record highs could
reduce the growth in future oil supplies by half of what would have been
anticipated during the period of high prices, Cambridge Energy Research
Associates said in a new report, out Friday.
Farmers Face Growing Climate Change Dilemma; Scientist
Farmers of the future will have to use cattle and sheep
that belch less methane, crops that emit far less planet-warming nitrous
oxide and become experts in reporting their greenhouse gas emissions to
the government.
Agriculture is a major source of greenhouse gases and globally that share
will rise as demand for food from growing human populations also increases,
scientist Richard John Eckard of the University of Melbourne said on
Thursday.
Federal Judge Says No to Modified Crops on U.S. Refuge Land
In a court case with potential impact in Missouri and
across the country, a federal judge in Delaware ruled today that the
U.S. Fish and Wildlife should not have permitted farming with
genetically modified crops on a national wildlife refuge.
Global steel can recycling rate sets 68pct record in 2007
The 68% rate was a slight bump from 67% in 2006 and is
the third straight year it has increased. Thirty-seven countries
reported recycling 7.9 million tons of steel cans in 2007.
Global Warming 37 Percent To Blame For Droughts; Scientist
Global warming is more than a third to blame for a major
drop in rainfall that includes a decade-long drought in Australia and a
lengthy dry spell in the United States, a scientist said on Wednesday.
Groups urge Congress to adopt renewable standard
More than 220 groups are urging Congress to adopt a national renewable
electricity standard to provide the long-term policy commitment that would
attract billions of dollars of investments.
Idled U.S. Farmland May Be Large Carbon Sink; USDA
The Conservation Reserve, which pays owners to idle
fragile U.S. farmland, could become one of the largest carbon
sequestration programs on private land, an Agriculture Department
official said on Wednesday.
Legislation would limit phosphates in dish detergents
Sens. Carl Levin, D-Mich., and George Voinovich, R-Ohio, have introduced
legislation limiting phosphates in automatic dishwashing detergents, which
would help to reduce phosphate pollution that wreaks havoc on aquatic plants
and fish in the Great Lakes and other waters.
Less Dusty Air Warms Atlantic, May Spur Hurricanes
A decline in sun-dimming airborne dust has caused a fast
warming of the tropical North Atlantic in recent decades, according to a
study that might help predict hurricanes on the other side of the ocean.
Marriott International Inc. to participate in Earth Hour 2009
Marriott International Inc. is signing on to participate in Earth Hour
2009, a global climate event organized by the World Wildlife Fund.
Hundreds of hotels and timeshare units in Marriott´s portfolio will turn off
or dim non-essential lighting for an hour starting at 8:30 p.m. local time
on March 28.
Mexico's February oil export revenues fall 56.4% year on year
Mexico's February oil sales revenue plunged 56.4% year on year to $1.66
billion, the National Statistics Institute, or Inegi, reported Wednesday.
Despite the oil sales plunge, the country's trade deficit fell more than
half to $491 million in February 2009, compared with $1.081 billion in
February 2008.
N.J. senator introduces bill to protect water from oil spills
Sen. Frank R. Lautenberg, D-N.J., has introduced a bill to protect the
environment from oil spills by encouraging the use of double hulls for
non-tank ships and implementing recommendations by the National
Transportation Safety Board in response to a 2007 oil spill in San
Francisco.
Nigeria military outfit warns of new attacks on oil installations
Nigeria's Joint Task Force, a special military outfit that tackles unrest
in the oil-rich Niger Delta, warned Friday that militants were planning
fresh
attacks on oil and gas production facilities in the area.
OPEC exports in 4 weeks to April 11 to fall 770,000 bd; analyst
OPEC crude exports, excluding Angola and Ecuador, are set to fall to
22.23 million b/d in the four weeks ending April 11, down 770,000 b/d from
the
previous four-week period, UK-based tanker tracker Oil Movements said
Thursday.
Report of Solar-Geophysical Activity 032609
Two B-class flares were
observed: the first was a B1.8 at 26/0143Z from an unnumbered area
(N23W12), the second was a B3.5 at 26/0216Z from beyond the east limb...The
geomagnetic field is
expected to be quiet to unsettled on day one (27 March). Days two
and three (28-29 March) are expected to be quiet.
Rosebud woman nominated to lead IHS
Rosebud Sioux tribal member Yvette Roubideaux, 46, was
nominated March 23 by President Barack Obama to direct the IHS. If confirmed
by the Senate, she will become the first American Indian woman to ever lead
the agency.
Russia Says Won't Stand Still In Race For Arctic
Russia will not allow itself to be left behind in the
race to exploit the resources of the Arctic now being opened up by
global warming, the Kremlin's special representative for the region said
in an interview.
Scientists say the ice is receding so fast that drilling for oil and gas
high in the Arctic will soon become routine and cargo ships could sail
between the Atlantic and Pacific along a new shipping lane much shorter than
the routes used now.
Senators introduce legislation to ban mountaintop mining
Sens. Benjamin L. Cardin, D-Md., and Lamar Alexander, R-Tenn., have
introduced legislation that could essentially ban mountaintop mining.
Their bill, dubbed the Appalachia Restoration Act, would prohibit the
dumping of mining waste into stream and river beds. Mountaintop mining
involves removing the summit of a mountain to expose the coal underneath.
Waste rock, dirt and vegetation ends up in nearby stream and river valleys.
Stimulus Package Only the Beginning; Renewable Energy Makes Strides in
the US Political Arena
Cautious optimism, that was the term being used
across all sectors of the renewable energy industry in the days and weeks
following the passage of the American Recovery and Reinvestment Act (ARRA)
as industry leaders tried to understand exactly what the package could do
for their often struggling companies. Yet as the weeks have worn on, the
American public's support for the measure has started to wane.
Tell Congress; Keep Antibiotics Working
Doctors caution that these vital drugs should only be
used when absolutely necessary, because resistance emerges when bacteria
are constantly exposed to antibiotics. Yet roughly 70 percent of
antibiotics used in the United States are added to the feed of livestock
and poultry that are not sick. This reckless practice encourages the
development of antibiotic-resistant diseases—such as food poisoning and
post-operative blood infections—that affect humans.
Tesla Unveils Four-Door Electric Sedan
Electric car start-up Tesla Motors Inc unveiled its
newest, cheapest vehicle on Thursday, a four-door sedan that can carry
five adults and could travel up to 300 miles per charge.
The Arctic Divide
It's part of the great ideological divide. And any bridge that would help
close the gap will remain elusive. It's about the Arctic National Wildlife
Refuge, which has been at the forefront of a national discussion over
whether to allow more oil and gas drilling in areas that are now off limits
to production.
Twenty Years After Valdez Spill, Exxon Grows In Alaska
Today, Exxon Mobil Corp, as the company is now known, is expanding in Alaska
and officials are striking a conciliatory tone about the tanker disaster
that has defined the company in Alaska and much of the world.
U.N. Plans Guide To Fighting Climate-Change Disasters
A proposed U.N. study of climate extremes will be a
practical guide for tackling natural disasters and fill a gap in past
reports focused on the gradual effects of global warming, experts said.
U.S. Interior Chief Touts Renewable Energy Zones
The Obama Administration is carving out renewable energy
zones across the country and offshore, and is preparing to work with
critics who object to wind turbines or solar farms near wilderness or
tourist areas, Interior Secretary Ken Salazar said on Tuesday.
U.S. lags in top 10 solar markets
Spain ranked first,
followed by Germany. The United States was a distant third.
What are we talking about? The top solar markets ranked by countries for
2008.
US House budget panel to exclude cap-and-trade revenue from plan
The US House Budget Committee is considered likely Wednesday to approve a
fiscal 2010 budget resolution that excludes the Obama administration's
assumption that the Treasury will begin receiving revenue from a nationwide
CO2 cap-and-trade program beginning in 2012, according to draft documents
released by the committee.
US Senate bill to aid US manufacturing energy use seen timely
A bill introduced by leaders of the Senate Energy and Natural Resources
Committee to help improve energy efficiency in the US manufacturing sector
would provide timely assistance as companies rebound from an economic
recession and respond to likely government mandates to control greenhouse
gas
emissions, witnesses told the panel Thursday.
US Treasury Outlines Framework for Regulatory Reform
The crisis of the past 18 months has exposed critical gaps and
weaknesses in our financial regulatory system. As risks built up,
internal risk management systems, rating agencies and regulators simply
did not understand or address critical behaviors until they had already
resulted in catastrophic losses. These failures have caused a dramatic
loss of confidence in our financial institutions and have contributed to
severe recession
Used paper recovery increases to 57.6% in 2008
Used paper recovery increased again last year, from 56% to 57.6% in 2008,
but the impact of the current economic problems could impact future rates,
according to the American Forest & Paper Association.
Victims of French Nuclear Testing Scorn Meager Compensation
French Defence Minister
Herve Morin has offered 10 million euros to compensate, for the first time,
victims of nuclear testing conducted by France both in Algeria and French
Polynesia, between 1966 and 1996.
Washington Fiddles as Global Deflation Rages
disturbing evidence that a number of banks have
effectively shut down lending operations. As their portfolios run off,
these banks must shrink both in terms of assets and core revenues.
Waste_Inbox 032609
Everyone in the solid waste industry knows the general
public hates landfills. And despite all the efforts of
landfill operators to improve the quality and educate the
citizenry, the attitude is getting worse, not better.
Yucca Mountain
Flattened
It had long been thought that if the nuclear sector is to make a revival, it
would need a permanent place to bury its radioactive material and Yucca
Mountain, 90 miles outside of Las Vegas, provided such a spot. But the site
has been entangled in one legal morass after the next -- a predicament that
will now force the industry to rethink its growth strategies.
March 24, 2009
20 Years After Valdez Oil Spill, Exxon Still Owes $92M
Today is the 20th anniversary of the massive Exxon Valdez oil spill, but
the federal and state governments have yet to collect millions of dollars
that the oil company agreed to pay.
A final $92 million claim for harm to wildlife, habitat and subsistence
users filed in 2006 has gone unanswered by the Exxon Corporation, now
ExxonMobil.
Alaska's Redoubt Volcano Erupts, More May Follow
Alaska's Mount Redoubt volcano erupted with a burst of
ash that rose more than 9 miles (15 km), and more eruptions are
expected.
The first blast occurred at 10:38 p.m. Pacific time on Sunday (0538 GMT
Monday), the Alaska Volcano Observatory said, followed by four smaller
eruptions.
Algeria's Khelil sees $60/b oil price possible by year end
Algerian oil minister Chakib Khelil said Sunday that the 2.2 million b/d
OPEC production cut, which came into effect on January 1, had stabilized oil
prices and that $60/barrel by the end of the year is now possible despite an
anticipated 1.1 million b/d fall in demand.
Americans Need More Vitamin D, US Researchers Say
Analyzing data from government health surveys, researchers from the
University of Colorado Denver School of Medicine found three out of four
Americans had "insufficient" levels of vitamin D, up from about one out two
20 years ago.
As Climate Changes, Is Water The New Oil?
Translation: if water is now the kind of precious commodity that oil became
in the 20th century, should delivery of clean water be the same sort of
powerful political force as the environmental movement in an age of climate
change?
And, in another sense of green, is there money to be made in a time of water
scarcity?
BP Says Abu Dhabi Hydrogen-Fueled Plant to Start 2013
BP's President of Middle East and South Asia Steve
Peacock confirmed that BP and its partners are still conducting
engineering and design work for their planned $2 billion hydrogen-fueled
power plant in Abu Dhabi, in an interview with Bloomberg. BP
expects the facility to start in 2013 and to generate 420 megawatts of
electricity.
City-Dwellers Emit Less CO2 Than Countryfolk - Study
Major cities are getting a bad rap for the
disproportionately high greenhouse gases they emit even though their per
capita emissions are often a fraction of the national average, a new
report said on Monday.
Eastern US States Raise $117 Mln In Carbon Auction
Ten states in the US East said on Friday they raised
more than $117 million in a third auction of permits for power plants to
emit the greenhouse gas carbon dioxide, about $10 million more than the
last sale.
Washington is closely watching the auctions. President Barack Obama hopes to
launch a cap-and-trade market on emissions of planet-warming gases and raise
hundreds of billions of dollars through similar auctions starting in 2012.
Energy Price Can Stimulate Economic Recovery
As the ongoing global recession continues to dominate news channels and
papers throughout the world, two articles that dealt with renegotiations and
price reductions recently caught my attention. The first outlined a call by
the Danish Social Democratic Party for a renegotiation of the Danish energy
agreement following a new report that Denmark may not succeed in meeting
their Kyoto Protocol targets for 2008-2012.
EPA Finds Greenhouse Gases Endanger Health
The US Environmental Protection Agency found that
climate-warming greenhouse gases, including carbon dioxide, pose a
danger to human health and welfare, a White House website showed on
Monday.
EU Urges Swifter Action On Climate, Pledges Funds
The European Union will surmount internal disputes and honour
pledges to help poor states tackle climate change, the bloc's environment
chief said on Friday, urging other rich regions to make clear their goals.
European Lab Accidents Raise Biosecurity Concerns
Lab accidents involving bird flu and Ebola viruses have
increased biosecurity fears in Europe, where public health experts say
research on dangerous pathogens needs to be more strictly monitored.
A scientist in Germany last week pricked herself with a needle that was
believed to be contaminated with a strain of the Ebola haemorrhagic virus
with a mortality rate of around 90 percent. She is still under observation
in hospital.
Fed Monetization, Not What It Buys, but How Much of Anything It Buys
Last week the Fed announced that it would purchase $300
billion of longer-maturity Treasury securities. The mainstream media got
all excited, talking about the Fed “printing money.” But the Fed
figuratively “prints money” or creates credit whenever it acquires
assets – loans or investments.
Gallup poll finds 59% support US nuclear power, a 'new high'
In a telephone survey of 1,012 adults conducted March 5-8, 59% of
respondents said they "favor the use of nuclear energy as one of the ways to
provide electricity for the US," and 27% "strongly favor it."
Global crude futures push higher, WTI hits fresh 2009 high
Global crude futures continued to rise Monday, with the front-month NYMEX
WTI contract trading at its highest level so far this year and ICE Brent
just
1 cent shy of its 2009 high.
At 11:09 GMT, front-month ICE Brent traded at $51.44/barrel, up 22 cents
from the previous settle, while the front-month NYMEX WTI contract traded 17
cents higher at $52.24/b, a level last seen December 1, 2008.
Has Calif.'s hydrogen highway gone bust?
Soon after Gov. Arnold Schwarzenegger (R) took office in
2003, he set in motion a campaign promise to build, by 2010, a "hydrogen
highway" composed of 150 to 200 fueling stations spaced every 20 miles
along California's major highways.
Hydrogen's 500-MW CCS Sails Through Credit Crunch
A joint venture between BP and Rio Tinto, Hydrogen
Energy, is pushing on with the world's first large-scale carbon capture
and storage (CCS) projects despite the credit crunch hitting both Abu
Dhabi and California.
Is a Food Revolution Now in Season?
As tens of thousands of people recently strolled among booths of the
nation's largest organic and natural foods show here, munching on fair-trade
chocolate and sipping organic wine, a few dozen pioneers of the industry
sneaked off to an out-of-the-way conference room.
Less ice on Great Lakes during winter
Ice cover on the Great Lakes has declined more than 30
percent since the 1970s, leaving the world's largest system of
freshwater lakes open to evaporation and lower water levels, according
to scientists associated with the National Oceanic and Atmospheric
Administration.
Obama to begin push to pass budget with focus on energy funding
US President Barack Obama is set to ramp up pressure this week to pass
his sweeping budget through Congress, starting Monday with a White House
speech highlighting billions of dollars in renewable and low-carbon
technology
funding which he wants to enact.
Obamas to Plant Organic Vegetable Garden at White House
Michelle Obama will begin digging up a patch of the
South Lawn on Friday to plant a vegetable garden, the first at the White
House since Eleanor Roosevelt's victory garden in World War II. There
will be no beets - the president does not like them - but arugula will
make the cut.
Overrun by waste; Large agriculture operations add billions to our
economy but what price are we paying
A brown frothy mix of water tumbled from the mouth of a 42-inch pipeline to
a cinderblock basin covered with slime, its rim shining with the gloss of
accumulated muck.
The air smelled of boiled sour chicken.
Recent Volcanic
Eruptions
For a few months now we have been monitoring Mount Redoubt in Alaska. This
volcano has finally erupted, with volcanic ash raining down in mostly
sparsely populated areas of Alaska. Preliminary reports indicate that
Volcanic Ash clouds have been released into the upper Troposphere [~50,000
feet ~ 15km] and partially the lower Stratosphere for these Polar latitudes.
Report of Solar-Geophysical Activity 032309
Solar activity was very low. No flares were observed
during the past 24 hours.The geomagnetic field was quiet. Solar wind velocities at ACE ranged
from 361-438 km/s...
Researchers Generate Hydrogen Without The Carbon Footprint
A greener, less expensive method to produce
hydrogen for fuel may eventually be possible with the help of water, solar
energy and nanotube diodes that use the entire spectrum of the sun's energy,
according to Penn State researchers.
Scientists find new way to produce hydrogen
Scientists at Penn State and the Virginia Commonwealth
University have discovered a way to produce hydrogen by exposing
selected clusters of aluminum atoms to water. The findings are important
because they demonstrate that it is the geometries of these aluminum
clusters, rather than solely their electronic properties, that govern
the proximity of the clusters' exposed active sites. The proximity of
the clusters' exposed sites plays an important role in affecting the
clusters' reactions with water.
The Superficial Economy and The Profound Economy
Is there a profound economy? Although it is not the dominant economy, I
believe it exists, and should exist. In the early 1970s, Norwegian
philosopher Arne Naess, recently deceased, introduced a distinction, now
widely accepted in environmentalist circles, between the superficial ecology
and the profound ecology. The superficial one is that which separates the
human being from nature, and places humans outside of and above nature,
assuming that things have meaning only so long as they are useful to human
beings. The profound one sees the linkage between humans and nature, affirms
the intrinsic value of every being and understands that everything is
encompassed by the network of relationships that form the community of life.
There is an organic Whole filled with purpose, and the human being is
capable of identifying the thread that links and re-links everything. He
calls it the Original Source of all being, the basis of the infinite values
(veneration, love, justice), that give meaning to human existence. The
profound economy helps the superficial one impose internal limits and to not
be destructive.
Tri-State Generation, First Solar to build 30-MW solar plant
Westminster, Colorado-based Tri-State Generation and Transmission on
Tuesday said it has reached an agreement with First Solar to develop a 30-MW
solar power plant in northeastern New Mexico.
The proposed 500,000-panel photovoltaic plant, dubbed the "Cimarron I
Solar Project," would be the largest photovoltaic project by an electric
cooperative and one of the largest in the world, Tri-State said.
Turbines officially spinning in Antarctica
Eight wind turbines in Antarctica are withstanding temperatures of -60
degrees Celsius and winds of over 90 m/s. The Princess Elisabeth Station
will be officially inaugurated in Antarctica on February 15th, 2009. This
station is the only polar base operating entirely on renewable energies. It
marks a major change as most stations rely on diesel generators because no
wind turbines, until now, were thought to be robust enough for such extreme
conditions.
US DOE offers loan guarantee to California solar firm
The US Department of Energy on Friday said it has offered a $535-million
loan guarantee to Freemont, California-based Solyndra to support the
company's
construction of a commercial-scale manufacturing plant for its proprietary
cylindrical solar photovoltaic panels.
The offer marks the first-ever award of a loan guarantee under a program
authorized in the Energy Policy Act of 2005, a program also criticized for
its
slow pace in awarding guarantees.
US Installed Solar Capacity Up 17 Pct In 2008 - SEIA
Installed solar power capacity in the United States rose
by 17 percent to 8,775 megawatts in 2008, the strongest growth in a
single year, solar advocate Solar Energy Industries Association said in
an annual review issued Friday.
US refiners curtail capacity, face economic, policy issues; NPRA
US refiners remain viable in the current economic downturn, due in part
to production cuts that are expected to continue, as the industry is tested
by
the economy and policymakers, said officials with the National Petrochemical
&
Refiners Association, on Sunday.
US senators worry nuke waste plan could leave government liable
The US government could be liable for roughly $30 billion in damages if
it were to abandon the Department of Energy's high-level nuclear waste
repository project at Yucca Mountain, Nevada, the Sentate Energy and Natural
Resources Committee is warning.
US States Anxious As Obama Shapes Climate Policy
US states have spearheaded moves to curb global warming
and are not ready to pass the leadership baton to President Barack
Obama.
Regional markets to trade air pollution credits, aimed at cutting emissions
that heat the planet, could be overshadowed by a federal system Obama sees
as central to his environmental policy.
White House Gets Global Warming 'Endangerment' Proposal
The US Environmental Protection Agency proposed an
"endangerment finding" that could designate climate-warming greenhouse
pollution a threat to human or environmental health, a White House
website showed on Monday.
World Wants Tough 2050 Climate Cuts, Split On Path
Governments broadly support tough 2050 goals for cuts in
greenhouse gas emissions but are split on how to share out the
reductions, according to a new guide to negotiators of a new UN climate
pact.
A document to be presented to UN climate talks in Bonn from March 29-April 8
narrows down a list of ideas for fighting global warming in a new treaty due
to be agreed in December to about 30 pages from 120 in a text late last
year.
March 20, 2009
$750 Billion 'Green' Investment Could Revive Economy; U.N
Investments of $750 billion could create a "Green New
Deal" to revive the world economy and protect the environment, perhaps
aided by a tax on oil, the head of the U.N. environment agency said on
Thursday.
1 Percent of World's Wealth Could Fund Global Green New Deal
Investing one percent of global wealth, or around $750
billion, into five key sectors from renewable energy to freshwaters
would stimulate a Global Green New Deal, advises a policy brief released
today by economists and the United Nations. But in a separate assessment
today, the International Monetary Fund projects that global economic
activity will shrink by one-half to one percent this year.
27th Aikido-Ai Memorial Weekend Retreat
Please join us May
22-25 for the 27th Aikido-Ai Memorial Weekend Retreat at the Mt. Baldy
Zen Center.
Five well respected,
high-ranking instructors bring you more than 150 years of combined
experience.
250 MW solar thermal power plant in Nevada
Solar Millennium
LLC, NV Energy and
MAN Ferrostaal Inc,
the joint venture partner of Solar Millennium AG for the construction of
solar thermal power plants in the USA, have signed a Memorandum of
Understanding (MoU) for the joint development of projects in the Amargosa
Desert.
Administration says green sector will stimulate economy
Two members of the Obama administration speaking at a National League of
Cities conference in Washington promised the nation´s multi-billion
investment in environmental and green energy projects would help stimulate
the economy by creating jobs.
Antarctic Ice Close To Melting Tipping Point-Study
A large part of the ice covering West Antarctica could
be lost if greenhouse gases in the atmosphere increase only slightly
from today's levels and ocean temperatures continue to rise, a study
released on Thursday says.
Another related study said if the West Antarctic ice sheet collapsed and the
East Antarctic ice sheet continued to melt at its marine margins, global sea
level would rise seven meters from today's level.
Antarctica stores about 90 percent of the world's freshwater.
Bond Yields Pull US Long-Term Mortgage Rates Down to Near Record Lows
this Week
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 4.98 percent with an average 0.7 point for the week
ending March 19, 2009, down from last week when it averaged 5.03 percent.
Last year at this time, the 30-year FRM averaged 5.87 percent. The 30-year
FRM has not been lower since the week ending January 15, 2009, when it hit
an all-time low of 4.96 percent in Freddie Mac’s weekly survey survey.
Calling Dr. Chu.
Since the Department of Energy was founded in 1977, it
has been headed by an economist, a businessman, a retired admiral, an
engineer turned financier, and several lawyers and politicians. It has
been part of the presidential spoils -- a home for a defeated senator
like Spencer Abraham -- and a safe way to diversify the cabinet with an
African-American, a Lebanese-American and a couple of Hispanics.
Coal industry can begin deploying CCS technology now; WCI chief
Carbon capture and storage technology has developed to the point where it
can now deliver up to 55% of the emission reductions needed to fight global
warming worldwide up to 2100, World Coal Institute CEO Milton Catelin said
Wednesday on the sidelines of a carbon industry conference.
ECOtality and Nissan partner to launch EVs in Arizona
ECOtality Inc has
entered into a commitment with
Nissan North America
and Pima Association of
Governments (PAG) to facilitate the establishment of electric vehicle (EV)
charge infrastructure throughout Pima County, Arizona, USA.
EPA Issues Latest Information on Toxic Chemical Releases
The U.S. Environmental Protection Agency today is making
available the most recent reporting on the amount of toxic chemicals
released into the U.S. environment. According to the EPA’s Toxics
Release Inventory, the latest data, from the calendar year 2007, show an
overall decrease of five percent in releases since 2006. Releases to air
decreased seven percent and releases to water decreased five percent.
Financial Crisis Puts Pressure on World's Forests
The global economic turmoil has resulted in reduced
demand for wood, shrinking investments in forest industries and forest
management, finds the United Nations "State of the World's Forests"
report released Monday.
Forum Moves Water Higher Up Global Priority List
Climate change, financial turmoil, energy supplies,
biodiversity loss, food scarcity - all are competing for the attention
of world leaders, but this week the focus is on the one resource
essential for life - water. Participants from 192 countries are in
Istanbul for the world's largest water event, the World Water Forum,
which drew three princes, three presidents, five prime ministers, over
90 ministers, 63 mayors and more than 23,000 attendees.
Group of US senators looks to ease GHG bill's impact on industry
A group of moderate Democrats in the US Senate is developing a proposal
designed to ensure that any US scheme to limit carbon emissions would not
harm
the nation's manufacturing sector, while maintaining a level of CO2
reductions
most agree are necessary to combat climate change, Senator Debbie Stabenow
said Thursday.
High-temperature superconducting explained
Superconductors transport electrons with zero resistance by synchronizing
their movement through changes in the internal structure of materials.
Hence, no physical collisions occur.
The exact character of these changes has been the subject of much
speculation, prompting over 100,000 scholarly papers on the subject in the
last 20 years.
I Thought This Was a National Energy Crisis!
Can I interest anyone in a $280 billion stimulus package for renewable
energy and efficiency that won't increase the federal deficit?
Korean PV grows six-fold in 2008
According to market research company
Displaybank, this
now makes Korea the
fourth largest installation market worldwide. Spain accounted for the
largest market with 2,281 MW, and was followed by Germany with 1,532 MW and
the USA with 333 MW.
Mexico's proven reserves down 2.7pct to 14.3 bil boe; Calderon
The decline was Mexico's lowest in at least five years and marked a
sharp increase in the country's reserve replacement rate, said Calderon at a
rally to mark the 71st anniversary of the Mexican oil industry.
Nigerian militants attack Shell pipeline, cutting crude supply
The volume of oil lost could not be immediately confirmed.
It was the second major sabotage of a Shell facility in the western
division of the Niger Delta in three weeks
NRC Expects Requests For 7 New Nuclear Reactors
The Nuclear Regulatory Commission has received 17
applications to build 26 new U.S. nuclear reactors and could get five
more applications for seven reactors by the end of next year, the
agency's chairman told Congress on Wednesday.
Optimism Abounds Throughout Renewable Energy Industry
Last week the editors at RenewableEnergyWorld.com
and Renewable Energy World magazine traveled to Las Vegas to attend the 6th
annual Renewable Energy World North America (REWNA) Conference and Expo.
With almost twice the attendance of last year's event and more than double
the exhibitors, the show's exponential growth in spite of a dismal economy
is a testament to the strength of the renewable energy industry.
Renewable
Energy's Biggest Ally
Although it has been said that when it comes to the U.S. military "successes
are private while failures are public," a recent success involving the
Defense Department (DoD) and the renewable energy industry must come to
light.
Rubber flap reduces wind turbine blade loads
“Providing the blade with a movable trailing edge it is
possible to control the load on the blade and extend the life time of
the wind turbine components. This is similar to the technique used on
aircraft, where flaps regulate the lift during the most critical times
such as at take-off and landing
Salazar says no 'war' on energy companies, asks for cooperation
There is no "war on the oil and gas industry" by the Obama
administration, Interior Secretary Ken Salazar told the American Petroleum
Institute's board Thursday, saying instead he needs the industry's help in
"an
honest accounting" of US natural resources under the Outer Continental
Shelf.
Shell Goes Cold On Wind, Solar, Hydrogen Energy
Oil Major Royal Dutch Shell Plc doesn't plan to make any
more large investments in wind and solar energy in the future and does
not expect hydrogen to play an important role in energy supply for some
time.
'SHOW YOUR CARBON FOOTPRINT' COMPETITION
The Centre for Sustainability and Excellence (CSE)
in Chicago is hosting a Carbon Neutral competition to reward the
organization with the most creative concept for a Carbon Neutral Event
or Product.
Soil Neglected Asset In Greenhouse Gas Fight
Scientists complain that the world has so far failed to support agriculture
in the fight against climate change, focusing instead on more visible
emissions from factories and power plants.
Solar panel market growth to slow in 2009, says analyst
Sales of solar energy panels
amounted to 5.6-Gwatts in 2008, up 48 percent on 2007, according to The
Information Network market research company (New Tripoli, Pennsylvania).
However, the global economic crisis will result in newly installed solar
capacity reaching only 7.1-GW in 2009, equivalent to a global growth
rate of 26 percent, before the strong growth resumes in 2010.
TALF - Eligible Collateral for Loans Expanded to Include Four Additional
Categories of Asset-Backed Securities.htm
The Federal Reserve Board on Thursday announced that the set of eligible
collateral for loans extended by the Term Asset-Backed Securities Loan
Facility (TALF) is being expanded to include four additional categories of
asset-backed securities (ABS):
Temperature Rise May Trigger West Antarctic Thaw
The West Antarctic ice sheet may start to collapse if
sea temperatures rise by 5 degrees Celsius (9 degrees Fahrenheit),
triggering a thaw that would raise world ocean levels by 5 meters (16
ft), U.S. scientists said.
Such a rise in sea levels -- taking thousands of years -- would swamp many
coasts and cities and wipe some low-lying Pacific islands off the map.
The Rooftop
Revolution
A little-known policy is turning sleepy central Florida into a green
energy hub. Could it do the same for America at large?
Toxic Emissions Fell in 2007, E.P.A. Says
The volume of toxic chemicals that were released into
the environment or sent for disposal in 2007 dropped 5 percent compared
with 2006, the
Environmental
Protection Agency said Thursday. But concealed within the
overall numbers was good and bad news.
27th Aikido-Ai
Memorial Weekend Retreat
Please join us May
22-25 for the 27th Aikido-Ai Memorial Weekend Retreat at the Mt. Baldy
Zen Center.
Five well respected,
high-ranking instructors bring you more than 150 years of combined
experience.
U.S. Birds Struggling to Survive Habitat Loss, Climate Change
Nearly one-third of the more than 800 bird species in
the United States are endangered, threatened or in decline due to
climate change, habitat loss, and invasive species, finds the first
comprehensive report ever produced on U.S. bird populations.
US refined products deliveries in February fall 3%; API
Deliveries of oil products in the US, a key indicator of demand, fell by
3% in February, putting them at "the lowest for the month since 1999," the
American Petroleum Institute reported Wednesday.
US Senate passes omnibus public lands bill
For the second time since the start of 2009, the US Senate on Thursday
passed a omnibus public lands bill that some Republicans say would
unnecessarily withdraw 2.2 million acres from potentially being used for
energy production.
US to remain opposed to carbon offsets despite expectations; Citi
The US government will likely continue to remain opposed to the use of
international carbon offsets to reduce greenhouse gas emissions in any
successor agreement to the Kyoto Protocol despite the developing world
already
banking on the continued use of the credits post-2012, Citigroup head of
emissions markets Garth Edward said Tuesday.
Waste_Inbox 031909
Here's yet another
story -- this one
from CNN.com -- about the pinch the recession is putting
on recycling. Cities like Atlanta and Berkeley, Calif.,
are scaling back services and hiking fees to make ends
meet.
Also, CNN reports that many recycling centers are
stockpiling material in hopes that the commodity markets
will soon snap back to normal. That sounds like a smart
strategy for those that have plenty of cheap space
available.
March 17, 2009
Alaska senator sees ANWR bill a possible amendment to energy bill
Senator Lisa Murkowski, Republican-Alaska, suggested Friday that her
legislation to open the coastal plain of the Arctic National Wildlife Refuge
to directional drilling is unlikely to be taken up as a freestanding bill.
America Unprepared for Climate Change, Say Policy Advisers
America is woefully unprepared for climate change, and the government
agencies charged with delivering the latest science to decision makers are
not up to the task, a new report said today.
Applied seeks to gain bigger slice in solar
Continuing its push into alternative energy,
Applied Materials Inc. has rolled out a new production system for solar fabs
that claims to reduce wafer slicing costs.
Crude futures mixed amid volatile dollar, softer equities
Global crude futures were showing mixed reactions Tuesday against the
backdrop of a weak dollar. Crude for April delivery held on to late Monday's
gains, when a rally reversed earlier losses related to OPEC's decision to
keep
its quota unchanged. Other maturities were range-bound, as was the ICE Brent
contract.
Disaster Declared After Australia Oil Spill
Authorities declared parts of Australia's northeast
coast a disaster area on Friday after tonnes of oil from a damaged cargo ship
contaminated several beaches popular with tourists.
EU Imposes Duties On U.S. Biodiesel Imports
The European Union has imposed anti-dumping and
anti-subsidy duties on imports of biodiesel from the United States, the
latest in a series of trade frictions between the two trading giants.
Global Forum Seeks To Avert Water Crisis
Government ministers from 120 countries, scientists and
campaigners meet in Istanbul this week to discuss how to avert a global
water crisis and ease tensions between states fighting over rivers,
lakes and glaciers.
Nearly half of the world's people will be living in areas of acute water
shortage by 2030, the United Nations warned last week, and an estimated 1
billion people remain without access to safe drinking water and sanitation.
Green Home, Sound
Body
Nurturing your own environment is the first
step toward helping the planet.
Greenland thaw among feared climate shifts by 2200
A drastic climate shift such as a thaw of Greenland's
ice or death of the Amazon forest is more than 50 percent likely by the
year 2200 in cases of strong global warming, according to a survey of
experts.
The poll of 52 scientists, looking 100 years beyond most forecasts, also
revealed worries that long-term warming would trigger radical changes such
as the disintegration of the ice sheet in West Antarctica, raising world sea
levels.
Japan Unveils $5 Bln Green Loans For Asia At G20
Japan announced a $5 billion loan fund on Saturday to
help developing nations, hard hit by the global credit crisis, to put in
place running water, solar power systems and other environmental
infrastructure.
Last February was ninth warmest month on record
Last February was the ninth warmest in 129 years of record keeping,
according to information from the National Oceanographic and Atmospheric
Administration.
Maldives Vows To Be First Carbon-Neutral Nation
The Maldives will shift entirely to renewable energy
over the next decade to become the first carbon-neutral nation and fight
climate change that threatens the low-lying archipelago's existence, the
president said on Sunday.
Maryland regulators approve fast-track construction of wind farm
The Maryland Public Service Commission on Friday made public its approval
of an exemption that would allow fast-track construction of a 69.6-MW wind
farm in the western portion of the state.
Oklahoma House passes bill to support nuclear plant development
The bill (HB 1750), which now goes to the Oklahoma Senate, would
establish a procedure for the Oklahoma Corporation Commission to review
utility proposals to build nuclear capacity.
Planting one million trees for life in Peru
The project involves men, women and
children of all ages planting trees and cleaning up lakes and rivers and
working to protect a region sacred to these descendants of the Incas.
Polar bear fate seen to depend on emissions cuts
"If the ice is disintegrating in the Arctic, it will have enormous impact on
polar bears," Environment and Development Minister Erik Solheim told
reporters on the eve of a meeting to discuss the future of the huge white
carnivore.
The meeting is the first since 1981 to bring together states which are home
to polar bears -- Norway, Russia, Canada, the United States and
Danish-administered Greenland.
Renewable energy's role 'underestimated'
Renewable energy could play a much larger role in
supplying the world's energy needs than previously estimated — but it
won't come cheap, according to a new study.
Report of Solar-Geophysical Activity 031609
Solar Activity Forecast: Solar activity is expected to
be very
low.Geomagnetic field activity was quiet. The Greater than 2 MeV electron
flux at geosynchronous orbit reached high levels again today.
The Organic
Shopping List
It's sad but true: Some produce items are
more subject to pesticide
contamination than others. Learn which fruits and vegetables make up the
"dirty dozen" - and why you should buy them organically.
The
Road Ahead Depends on You
The EPA has now begun the process of evaluating the state's request to
implement clean car standards for global warming pollution. This decision is
not only key to state plans to curb global warming pollution, but also
represents the first major national move on climate policy. The stakes of
success could not be higher.
The World's Water And Climate Change--FACTBOX
World water supplies may be severely stressed in coming
decades because of climate change linked to the burning of fossil fuels
such as coal and oil, and a rising global population.
Here are some facts and projections on water and climate change:
U.S., China worlds apart on climate change curbs
China's top climate negotiator's visit to Washington
Monday sent a fresh signal that the two countries, which account for
about half the world's greenhouse gas emissions, have a long way to go
to reach a common agreement on how to cut emissions to prevent serious
climate change.
China wants to become a "low-carbon society," but can't say when that
will be achieved.
US Energy Future Hits Snag In Rural Pennsylvania
When her children started missing school because of
persistent diarrhoea and vomiting, Pat Farnelli began to wonder if she and her family
were suffering from more than just a classroom bug.
US Finalises Ban On Cattle Too Sick To Walk
Cattle too sick or injured to walk will no longer be
allowed to enter US slaughterhouses, the Agriculture Department said in
a rule finalized on Saturday, nearly a year after the largest meat
recall in American history spurred the change.
US senator hammers Interior's Salazar for agency inconsistencies
A top Senate Republican on Monday reiterated mounting GOP criticism of US
Department of the Interior Secretary Ken Salazar for slowing or reversing
oil
and gas lease sales and other ambitious energy plans put in place in the
final
days of the Bush administration, despite Salazar's assurances that Interior
supports increasing development.
US Senator Murkowski says higher taxes on oil, gas could backfire
US Senator Lisa Murkowski, ranking Republican on the Energy and Natural
Resources Committee, said Monday that increasing taxes on the oil and gas
industry would have the unintended consequence of driving natural gas
producers and independent companies out of the country.
Warming To Make NY Vulnerable To Storms - Study
Global warming should lift sea levels along the US
Northeast nearly twice as fast as global rates this century, putting New
York City at risk to damage from hurricanes and winter storm surges,
scientists said.
"The northeast coast of the United States is among the most vulnerable
regions to future changes in sea level and ocean circulation, especially
when considering its population density," said Jianjun Yin, a climate
modeller at Florida State University.
Water Scarcity Clouds California Farming's Future
California almond farmer Marvin Meyers has moved into
banking -- water banking that is.
In the heart of the San Joaquin Valley, the world's most productive
agricultural region, Meyers bought land to collect water in wet years and
recharge a shallow aquifer. The water authority takes his supply for nearby
farmers and gives him credit to irrigate from a canal at his orchard 15
miles (24 km) away.
Why are
GM Foods Not Labeled?
Genetically modified food, also known as GM food or
genetically engineered food, entered the food supply in the 1990s. GM
foods contain small pieces of foreign DNA (from other organisms and
often from another species) however SA companies are not required to
label foods that use GM ingredients.
World Water Forum Opens to Scarcity Fears and Protests
Driving the demand for water are population growth and
mobility, rising living standards, changes in food consumption, and
increased energy production by hydropower and biofuels finds a new assessment of the planet’s freshwater resources by
26 United Nations agencies.
March 13, 2009
A Look at Wind's Key Players; What's Next in Wind?
As a maturing industry, the wind power sector has
emerged as dynamic and vibrant. A number of strong players are now
coming to the fore by demonstrating the longevity, technology and
capacity needed to make a major impact on the global market.
Action Needed To Avoid World Water Crisis, U.N. Says
The world needs to act urgently to avoid a global water
crisis due to increased population, rising living standards, dietary
changes and more biofuels production, the United Nations warned on Thursday.
Beacon of Light
The utility sector will fuel the light at the end of this dark tunnel. And
while power companies are enduring during this difficult time period, they
too have had to adapt to declining economic growth.
California panel urges 'immediate action' to protect against rising sea
levels
Global warming is projected to cause ocean levels to
rise 55 inches or more by the end of the century. Report recommends phased
abandonment of coastal areas and moving state infrastructure inland.
Clean Tech Made Record Money In 2008
Solar power, wind and biotech made record money last
year and promise excellent results in the future, but first, companies
must survive the world financial crisis, a report said on Tuesday.
The Clean Edge report said global revenues in the three premier clean
technologies grew to $115.9 billion in 2008 from $75.8 billion. But don't
expect a repeat performance this year.
Climate change course reversed; State Senate shelves efforts to limit
CO2 emissions
No one was pleased with the climate change bill that cleared the state
Senate Wednesday, least of all its sponsors.
Conoco to slow Western Canada oil sands, gas projects; Mulva
ConocoPhillips plans to slow its Western Canadian oil sands development
until costs drop further, as well as some of its natural gas projects in the
region that are "not viable at today's gas prices," said Chairman and CEO
Jim
Mulva Wednesday.
Crude futures cling to gains amid firmer equities, weak dollar
Global crude futures held on to the previous day's strong gains Friday,
supported by a softer dollar and firmer equity markets as well as a neutral
reading of the International Energy Agency's report ahead of OPEC's meeting
this weekend.
Crude prices forecast at $35-45/b regardless of OPEC; Cosmo Oil
Benchmark light sweet crude futures on the New York Mercantile Exchange are forecast to hover around $35-45/barrel until around September, regardless of any decision to be made at OPEC's upcoming meeting on March 15 in
Vienna
Fast-Growing Western U.S. Cities Face Water Crisis
Desert golf course superintendent Bill Rohret is
doing something that 20 years ago would have seemed unthinkable -- ripping
up bright, green turf by the acre and replacing it with rocks.
Back then "they came in with bulldozers and dynamite, and they took the
desert and turned it into a green oasis," Rohret said, surveying a
rock-lined fairway within sight of the Las Vegas strip. "Now ... it's just
the reverse."
Ga. county to power homes with gas-to-energy project
Houston County, Ga., expects to produce enough energy to power "several
thousand homes" from a new gas-to-energy project at its landfill.
The county has selected SCS Engineers to expand a methane gas recovery
system to an area of the 200-acre landfill that closed last year.
Getting Serious About Clean-Energy Stimulus
This significant increase in revenue was due to continued growth in solar
PV, wind, and biofuels deployment globally. For example, solar PV expanded
from 2.8 GW installed in 2007 to 4.2 GW in 2008. Over the same time frame,
biofuels increased from 15 billion gallons to nearly 20 billion gallons,
with Brazil using more gallons of ethanol than petrol-based gasoline for the
first time. Wind power expanded from 20 GW installed in 2007 to 27 GW in
2008, with the U.S. becoming the largest generator of wind in the world
after bringing on nearly a third of last year's global total (8 GW).
Global recession halts spending on 2 mil b/d of new capacity; IEA
The global recession has shelved spending on some 2 million b/d of
planned oil production capacity worldwide and almost as much refining
capacity
creating a potential supply crunch when demand recovers, an analyst at the
International Energy Agency said Wednesday.
Green For All Founder Joins White House As Green Jobs Advisor
Van Jones, an early green jobs visionary will join the White
House Council on Environmental Quality as special advisor for green jobs,
enterprise and innovation, CEQ Chair Nancy Sutley announced Monday.
Jones is the founder of Green For All, an organization focused on creating
green jobs in impoverished areas.
Group Would Study Alternatives to Yucca
Sen. Harry Reid said Monday he is working to form a study group to come up
with alternatives to burying nuclear waste at the Yucca Mountain site in
Nevada.
Growing Pollution Leads To 'Global Dimming'; Study
Visibility on clear days has declined in much of the
world since the 1970s thanks to a rise in airborne pollutants,
scientists said on Thursday.
They described a "global dimming" in particular over south and east Asia,
South America, Australia and Africa, while visibility remained relatively
stable over North America and improved over Europe, the researchers said.
IEA's Report on 1st- to 2nd-Generation Biofuel Technologies
The current debate over biofuels produced from
food crops has pinned a lot of hope on "2nd-generation biofuels" produced
from crop and forest residues and from non-food energy crops. This IEA
report, produced jointly with IEA Bioenergy, examines the current
state-of-the-art and the challenges for 2nd-generation biofuel technologies.
It evaluates their costs and considers policies to support their development
and deployment.
Interior Secretary makes renewable energy a top priority
Interior Secretary Ken Salazar today has issued a secretarial order
making the production, development and delivery of renewable energy top
priorities for his department.
Invisible, Underground HVDC Power Costs No More Than Ugly Towers
Clean, renewable power is running into
transportation problems. To deliver renewable power from remote areas to
where the people need it, we need to add a lot of transmission capacity to
the grid. If we follow our traditional practice of building ugly towers all
over the landscape and stringing wires from them, we will spend years
fighting environmentalists only to ruin the landscape we love.
Is Peak Oil
Almost Here?
To a geologist, gauging how much coal the world has left to burn is a
fairly straightforward, if daunting, business. Millions upon millions of
drill holes have revealed where the coal is. So geologists can just evaluate
each seam's quality and the cost of extraction. Add up all the coal worth
mining and you've got lots and lots--within the United States, a century or
even two of U.S. consumption; globally, 150 years' worth for the world.
But there's another, emerging approach to assessing coal resources that
yields more sobering results.
Jury Rules Exxon Must pay $150 Million For Spill
A jury in Baltimore County, Maryland on Thursday found
oil company Exxon Mobil liable for a gasoline spill three years ago and
ruled it must pay residents $150 million in damages.
'Mad' Microplants Show Antarctic Climate Change
These microscopic sea plants are at the bottom of the food chain in the
waters that surround the Antarctic peninsula, and when they're unhappy,
everything that depends on them suffers, including fish, penguins and
possibly, eventually, people.
A new study published on Thursday in the journal Science indicates that some
of these Antarctic phytoplankton have become increasingly grumpy over the
last 30 years.
Many Green Efforts Beginning to Wither
Gov. Chris Gregoire's own environmental agenda includes legislation to
reduce Washington's contribution to global warming through a regulatory cap
and a bill to raise energy efficiency standards in the state building code
by 30 percent over time.
But halfway through the session, the fate of most of these bills remains
clouded, and Washington's reputation as a national leader on climate change
could hang in the balance.
Murkowski says she’ll keep Indian affairs a priority
Observers of most
Senate Indian Affairs
Committee hearings have come to learn that
Sen. Lisa Murkowski,
R-Alaska, is rarely shy about bringing awareness to Native American – and
especially Alaska Native – issues.
New renewables to power 40 per cent of global electricity demand by 2050
With global cooperation and investment, renewables’ share will exceed all
previous estimates
With adequate financial and political support, renewable energy technologies
like wind and photovoltaics could supply 40 percent of the world's
electricity by 2050, according to findings from the International Scientific
Congress "Climate Change: Global Risks, Challenges & Decisions." However, if
such technologies are marginalized, its share is likely to hover below 15
percent.
NRC says severe reactor accidents can be mitigated
Severe reactor accidents can be mitigated, and are unlikely to release
much -- if any --radioactivity even if they are not, NRC staffers said March
11.
Nuclear power plants being revived worldwide; But what to do with
radioactive waste remains an issue
A year after the Three Mile Island nuclear accident, amid panic worldwide
about the safety of nuclear energy, Sweden voted to ban construction of new
nuclear power plants and phase out its existing ones.
Now, like many countries across Europe, it is changing its mind. Last month,
the government proposed allowing the construction of new reactors to replace
the country's aging ones, which provide nearly half the nation's
electricity.
Nuclear waste has no place to go
In a pool of water just a football field away from Lake Michigan, about
1,000 tons of highly radioactive fuel from the scuttled Zion Nuclear Power
Station is waiting for someplace else to spend a few thousand years.
The wait just got longer.
Obama proposal angers coal industry, including Southern Indiana's Duke
Energy
A White House proposal to use a cap-and-trade system to reduce emissions has
drawn criticism from top Indiana officials and those in the coal industry.
Obama to restore ´scientific integrity´ to policymaking
President Obama signed a memorandum March 9 that he said would restore
"scientific integrity" to information used in making policy decisions.
Democrats and environmentalists frequently criticized the Bush
administration, arguing it allowed political considerations to influence
policy decisions, such as the establishment of environmental standards.
Obama, during his campaign, had pledged to restore scientific integrity.
Obama Veers From Bush's Climate Course
In less than two months, President Obama has put on hold Bush's plans for
power-plant pollution, offshore oil drilling, nuclear waste storage and
endangered species.
Oil Spill Blackens Queensland's Pristine Island Beaches
The government of Queensland has declared Moreton Island and
the southern area of the Sunshine Coast a disaster area after a cargo ship
damaged by the loss of more than half its containers spilled 30 tonnes of
heavy oil into the sea.
OPEC's options are to keep current output ceiling or cut; Kuwait
Kuwait's newly appointed oil minister Sheikh Ahmed Abdullah al-Sabah said
Friday that it is too early to predict the outcome of OPEC's meeting on
Sunday
but noted that the producers club faces a difficult task trying to balance
oil
markets without pushing the global economy deeper into recession.
Our Oceans are Turning into Plastic, Are We?
A vast swath of the Pacific, twice the size of Texas, is full of a
plastic stew that is entering the food chain. Scientists say these toxins
are causing obesity, infertility...and worse.
Perma-Fix can destroy radioactive PCBs at Tenn. site
Perma-Fix Environmental Services Inc. can begin destroying radioactive
polychlorinated biphenyls at the company´s Diversified Scientific Services
Inc. site.
Reid aims to combine US CO2 cap, renewables, grid in single bill
US Senate Majority Leader Harry Reid on Thursday said he hopes to move
through the Senate by late summer a broad bill that would establish a
national
CO2 cap-and-trade program, expand the electricity transmission grid and
require electric utilities to meet a fixed percentage of their demand with
renewable energy.
Russian Gas and European Energy Security
In a bitter natural gas price and payment dispute in early January, Russia's
state-owned gas company, Gazprom, turned off its taps to neighboring
Ukraine. The Russian monopoly had complained about its counterpart's,
Naftogaz, overdue fees and refusal to pay market rates. Moscow also accused
Kiev of siphoning off gas and shutting down pipelines bound for the European
Union (EU). Ukraine, meanwhile, denied all charges and believed higher
transit fees were in order. Within a week, gas shipments from Russia to the
EU had ceased.
S.C. takes steps to determine feasibility of wind project
South Carolina has taken a significant step to determine the feasibility
of developing an offshore wind energy project.
Salt
surge puts crops in peril
In this obscure village perched on the rugged coastline along the Bay of
Bengal, climate change exudes a taste — the taste of salt.
As recently as five years ago, water from the village well tasted sweet to
Mohammed Jehangir. But now a glassful, flecked with tiny white crystals,
tastes of brine.
Saving Money; How the green building industry is thriving in a down
economy
How has the green building movement seen so much growth in the face of such
financial calamity? The answer was proudly exhibited by the 807 companies
that filled the 145,000 square feet of trade show floor space.
Sea level rise could bust IPCC estimate
Sea level rises could bust official estimates — that's the first big message
to come from the climate
change congress that kicked off in Copenhagen, Denmark, today.
The
Thermal Decompositon of Biomass
Pyrolysis is the thermal decomposition of biomass
occurring in the absence of oxygen. It is the fundamental chemical
reaction that is the precursor of both the combustion and gasification
processes and occurs naturally in the first two seconds.
Toxic Jatropha Shrub Fuels Mexico's Biodiesel Push
Known locally as "pinon," jatropha is a hearty shrub that grows with no
special care. Its oil-rich seeds are being eyed as an attractive feed stock
for biofuel since the poisonous plant does not compete with food crops.
Toxic_Chemicals_update
"Most americans would assume that basic toxicity testing is
available and that all chemicals in commerce today are safe... this is not a
prudent assumption... most of them have never been tested." - US EPA
U.S. Climate Change Takes Center Stage In Congress
With climate change legislation a top U.S. priority for
Democrats this year, lawmakers began zeroing in on Thursday on ways to
ease the financial burden it could impose on the poor, especially in the
midst of a deep economic recession.
US Senate approves energy-laden fiscal 2009 spending by voice vote
DOE will receive a total allocation of $27 billion for fiscal 2009.
Programs in renewable energy, energy efficiency, science and environmental
cleanup stand to receive large increases.
Waste_Inbox 031009
The Big Pivot: New York Times columnist Thomas
Friedman is raising eyebrows with his recent
proclamation that
the current economic meltdown will develop into a historic
fulcrum that fundamentally alters the way our society
consumes energy and resources.
March 10, 2009
Baltic Sea Nations Plan Holistic Environmental Assessment
The Helsinki Commission wound up its annual meeting here
today by endorsing plans for a holistic assessment of the environmental
status of the Baltic Sea.
Biofuels For Airlines Promising, But Hurdles Remain
Biofuels could be used to fly commercial airlines within the next
decade as a viable alternative to kerosene, although costs and concerns over
environmental impact remain big barriers.
BP's Texas City Refinery Fined Again
This settlement addresses the company's noncompliance with EPCRA
reporting requirements by failing to complete and submit toxic chemical
release inventory information to the EPA and the state of Texas for the
period 2002-2005, and failure to maintain reporting records for calendar
year 2004.
The toxic chemicals subject to reporting requirements included anthracene,
cobalt compounds, dioxin and dioxin-like compounds, formaldehyde, lead
compounds, methanol, nickel compounds, phenanthrene, and vanadium.
Climate change accelerates water hunt in U.S. West
So look Down Under. A decade into its worst drought in a hundred years
Australia is a lesson of what the American West could become.
Bush fires are killing people and obliterating towns. Rice exports collapsed
last year and the wheat crop was halved two years running. Water rationing
is part of daily life.
"Think of that as California's future," said Heather Cooley of California
water think tank the Pacific Institute.
Companies
rethink coal plants
Power use in the USA could grow 22% during the next 20 years, according to
the Energy Department. To help keep the nation's laptops and TVs humming,
dozens of new plants that burn coal — by far the nation's largest source of
electricity — were in the works.
Court hears challenge to DOE transformer standards
Earthjustice and other environmental groups asserted in a December 2007
lawsuit that weak standards adopted under the Bush administration would
result
in wasteful energy consumption and increased greenhouse gas emissions. The
California Attorney General filed a similar suit.
Dollar
gains are crude's loss
A toxic combination of floundering equity markets and a resurgent US
dollar, proxies for ailing global economies, have kept global crude futures
rangebound for three and a half months now.
Drought, Recession Scorch Texas Cattle Ranchers
Frates Seeligson recalls when his ranch last saw rain: September
of last year.
That was around the time he took on an extra 200 cows to help a farmer whose
fields were ravaged by Hurricane Ike.
Talk about a perfect storm. The worst drought on record in this parched part
of south-central Texas means his withered land can hardly support his own
dwindling herds.
Efficiency
Takes Center Stage
Think of all the electric power used by residential consumers in New York
City. Multiply that vast virtual battery by 14. That is the amount of
electricity that can be saved in 2030 if we finally get serious about
rescuing every wasted crumb of an electron that can be scrounged from our
energy feast.
Energy, climate should be separate bills; US Senator Murkowski
Wrapping a mandatory carbon cap-and-trade bill together with an energy
bill would make both difficult to pass in the US Senate and undermine
bipartisan attempts to reach a consensus on energy provisions, Alaska
Senator
Lisa Murkowski said over the weekend.
EPA Orders Utilities to Self-Report Coal Ash Impoundment Problems
Responding to the coal ash spill last December at a
Tennessee Valley Authority power plant in Kingston, Tennessee, the U.S.
Environmental Protection Agency today released a plan intended to
prevent threats to human health and the environment from similar
incidents.
Five More Arrested Protesting West Virginia Coal Mining
Five people were arrested today while they were
protesting blasting near Schumate dam on the
Edwight mountaintop removal site operated by Massey Energy. These are the
latest arrests in a wave of demonstrations against coal mining that is
conducted by blasting off the tops of Appalachian mountains and dumping the
rock waste into valley streams below.
Follow The Stimulus Package Money
President Obama's Stimulus plan, which was signed into law Tuesday, has many
wondering how and where the money will be distributed.
A Web site has been
created to let taxpayers know exactly where the money from the American
Recovery and Reinvestment Act is going.
Groups ask EPA to allow use of 15% ethanol in gasoline
An alliance of ethanol groups has petitioned the U.S. Environmental
Protection Agency to allow the use of up to 15% ethanol in gasoline for
motor vehicles.
Majority of Common European Birds Feeling the Heat
Climate change is having an observable impact on birds across Europe,
according to a scientific team that has created the world's first indicator
of the impacts of climate change on wildlife at a continental scale.
"We hear a lot about climate change, but our paper shows that its effects
are being felt right now,"..
OPEC compliance with 4.2 million b/d cut at 85%; Badri
OPEC secretary general Abdalla el-Badri said Monday that oil prices
currently around $40/barrel were not suitable because they would not
guarantee
investment in future capacity beyond 2013.
Palo Verde-3 remains under highest NRC scrutiny
The Arizona Public Service Co. unit has
been in Column 4 of the action matrix under NRC's reactor oversight process
since fourth-quarter 2006. The column reflects multiple or repetitive
problems with one of seven safety areas of plant operations.
Salt, Sugar And Water Avert Diarrhoea Deaths - WHO
Instead of focusing on ways to stop diarrhoea from striking, the WHO said
health authorities ought to ensure care-givers know how to use the
rehydrating recipe, which can be home-made.
Senators call on EPA to inspect coal ash impoundments
U.S. Sens. Barbara Boxer, D-Calif., and Tom Carper, D-Dela., have
introduced a resolution calling on the U.S. EPA to immediately inspect all
coal ash impoundments in the United States.
Stimulus package Money to the people
Where you can find your stimulus bucks.
Banks, automakers and states aren't the only ones who get a piece of the
$787 billion federal stimulus package.
There's a good chance your family qualifies for tax credits, grants and
other help, especially if you're struggling financially. But don't expect
all the benefits to fall into your lap.
The Ratings Chernobyl
In the current credit crisis, the massive
downgrades of collateralized debt obligations (CDOs) and Structured
Investment Vehicles (SIVs), especially those backed by subprime mortgages,
have received extensive media coverage. As a result, it is widely
recognized that the original ratings of these complex structured
products were in error, either due to flawed methodology or incentive
conflicts. But, what is not well known, and which is an even more
important development, is the increasing erosion in the accuracy of
corporate debt ratings.
U.S. needs to do more on climate; EU official
The United States must make deeper cuts in greenhouse
gas emissions than proposed by President Barack Obama if the world is to
stand a chance of avoiding devastating climate change, an EU official said.
What is the Plan? A Discussion with Bill Dunkelberg and David Kotok
"I don't want to nationalize them, I think we need to close them... Close
them down, get them out of business. If they're dead, they ought to be
buried... We bury the small banks; we've got to bury some big ones and send
a strong message to the market. And I believe that people will start
investing [again] in banks."
Senator Richard Shelby (R-AL)
Worst Dow
Correction Chart
As a result of last weeks decline, the Dow closed at a new bear market
low.
The Dow is currently down 53.4% since peaking in October 2007.
To put the magnitude of the current correction in perspective, today's
chart illustrates the 15 worst corrections of the Dow since its inception in
1896.
March 6, 2009
Accelerating Unemployment to Pose Tough Test for US Consumer ABS
Borrower defaults in U.S credit card and auto loan ABS transactions will
continue to increase in the coming months as the unemployment rate
accelerates at levels not seen since the 1973 recession, says Fitch Ratings.
Amazon's 2005 Drought Created Huge CO2 Emissions
A 2005 drought in the Amazon rainforest killed trees and
released more greenhouse gas than the annual emissions of Europe and
Japan, an international study showed on Thursday.
Arctic Summer Ice Could Vanish By 2013; Expert
The Arctic is warming up so quickly that the region's
sea ice cover in summer could vanish as early as 2013, decades earlier
than some had predicted, a leading polar expert said on Thursday.
BoE Reduces Bank Rate to 0.5pct and Announces £75 Billion Asset Purchase
Programme
The Bank of England’s Monetary Policy
Committee yesterday voted to reduce the official Bank Rate paid on
commercial bank reserves by 0.5 percentage points to 0.5%, and to undertake
a programme of asset purchases of £75 billion financed by the issuance of
central bank reserves.
Bond Yields Push US Mortgage Rates Up in Latest Freddie Mac Survey
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 5.15 percent with an average 0.7 point for the week
ending March 5, 2009, up from last week when it averaged 5.07 percent. Last
year at this time, the 30-year FRM averaged 6.03 percent.
Chu approves first US DOE stimulus spending steps
In its first weekly report on the stimulus, which was released Wednesday,
DOE said Chu has "reviewed and approved the spending plans" for the Office
of
Science, the Office of Environmental Management, and part of the Office of
Energy Efficiency and Renewable Energy.
Costs To keep U.S. Carbon Storage From Coal Elusive
Capturing carbon emissions from coal-fired power plants,
the biggest U.S. source of the main greenhouse gas, is unlikely to play
a big role in President Barack Obama's immediate plans to slow global
warming, despite billions of dollars in incentives.
Credit Crisis
101- Humor
RiskCenter has scoured the earth to find a
convincing explanation of how this “credit crisis” came about and what
really went wrong. Our friends at YouTube have been kind enough to supply us
with some video, that as far as we can gather, is the best explanation of
the origins of this crisis.
Denial, Collective Housing Delusions
* If one person, just one person, does it - they may think he's
really sick...
* And if two people, two people do it, in harmony, they may think they’re
both [strange]...
* And three people do it, three, can you imagine, three people ... [doing
it], they may think it's an organization.
* And can you, can you imagine fifty people ... doing it? They may think
it’s a movement.
Source: Arlo Guthrie, Alice’s Restaurant, 1967.
EU Inches Towards Climate Funding For Poor Nations
European environment ministers inched towards agreeing
how to raise billions of dollars to help poor countries prepare for
global warming and to coax them into a global deal to tackle the
problem.
But cracks started to emerge on Monday among the European Union's 27 nations
on how to split the burden of finance, and whether it would be wise to name
a figure early in the game.
EU Parliament pushed to vote again on power plant emission limits
A cross-party group of 44 European Parliament members is pushing for
proposals for emission limits for large combustion plant to be included in
the
report on a new EU industrial emissions law that the EP is due to vote on on
March 12, environment group E3G's Mark Johnston told Platts Thursday.
Food stamp enrollment jumps to record 31.8 million
A record 31.8 million Americans received food stamps at the latest count,
an increase of 700,000 people in one month with the United States in
recession, government figures showed on Thursday.
Food stamps, which help poor people buy groceries, are the major U.S.
anti-hunger program, forecast to cost at least $51 billion in this fiscal
year ending September 30, up $10 billion from fiscal 2008.
Geothermal Power Continues Strong Growth, New Industry Report Shows
A new report by the Geothermal Energy Association
(GEA) shows strong growth in new geothermal power projects continuing into
2009. "There has been a 25% increase in new geothermal projects from August
of 2008, when the last GEA report was released. There is also an increase in
overall production potential by 35%," notes Kara Slack, the report's author.
Green Transmission Superhighway Needed for Renewable Energy to Reach
Full Potential
The American Wind Energy Association (AWEA) and the Solar Energy Industries
Association (SEIA) have released a white paper titled "Green Power
Superhighways: Building a Path to America's Clean Energy Future,"
detailing current inadequacies of the U.S. electric transmission
infrastructure and offering policy solutions to address them
Greenhouse Gas Accumulations Change the Weather
Globally, heat waves during the last decade have killed more persons
than tornados, hurricanes, and lightning combined.
Groups urge government to phase out coal ash storage
Some 109 environmental groups are calling on the federal government to
phase out the wet storage of coal ash.
How to Resolve AIG and Citi, Walker Todd on Stress Testing the Banks
Greenberg: "There was a time when you could have saved AIG. I urged that.
The first plan was a disaster -- $85 billion at 14.4% interest and 79% of
the company. That was designed to liquidate the company. And to get $35
billion passing right through AIG to counterparties. That was Paulson's
plan."
Eric Hovde: "Let me address that because on previous shows you have said
that there should be an investigation about why the contracts on the CDS
got bought out at par. That is an issue that I am outraged about.
Inconvenient Facts about Global Climate Changes due to Burning more than
a Million Year's of Fossil Accumulations Each Year
Scientists around the
world have used different methods to come to the same conclusion -
global warming is real, and we are causing it.
Installed costs of PV systems fall in the USA
A study on the installed costs of solar photovoltaic (PV) power systems
in the USA shows that the average cost of these systems declined
significantly from 1998 to 2007, but remained relatively flat during the
last two years of this period.
Integrating Renewables
Consumers want to buy more of it. States are demanding utilities buy or
supply ever-increasing amounts. Policymakers see it as the best hope of
reducing carbon emissions. And the power industry is trying to adjust to all
of these pressures.
Investors Like Clean Energy, Growth Dips; Survey
Half of institutional investors plan to increase their
funding of clean energy compared with 12 months ago, but that will not
be enough to drive global growth in the sector this year, a survey
published on Wednesday said.
Iraq Looks to Solar Energy To Help Rebuild its Economy
Off-grid solar panels could soon be installed in
Iraq in a push to supply electricity to people across the country, many of
whom have no access to the national grid.
"They'll be able to go back to Baghdad and teach
other colleagues how to build solar-powered street lamps and other systems.
That way crucial know-how can spread quickly."
Key US senators issue resolution for federal coal ash regulations
Two key US senators have formally called on the US Environmental
Protection Agency to use its existing authority to regulate coal combustion
waste in an effort to prevent another massive spill of toxic substances like
that seen at a Tennessee Valley Authority power plant in December, they
said
La Niña is expected to gradually weaken
La Niña is expected to gradually
weaken with increasing chances (greater than 50%) for ENSO-neutral
conditions during the Northern Hemisphere Spring.
Making the Case for Carbon Capture and Storage
"There are many ways to make this work, to make it a
reality. We need to store it underground and we also need to use it like
a commodity, to find ways to sell it and spread the cost around."
More US Farmers Planting Non-GMO Soybeans This Year
For the first time since 1996, acres of Roundup Ready genetically
modified soybeans could drop as more farmers decide to plant non-GMO.
New Air Pollution Study Reports Clean Alternative Fuels Gains At Top
U.S. And International Container Shipping Ports
U.S. and international container shipping ports are
among the world's biggest sources of air pollution and greenhouse gas
emissions, because of their reliance on diesel fuel for goods movement.
But progress toward reducing harmful emissions by switching to clean
alternative fuels is gaining momentum worldwide, according to a new
research study...
New Method To Eliminate Ibuprofen From Polluted Waters Using Ultrasound
An international team of scientists, in which researchers from the
University of Barcelona (UB) have participated, has applied ultrasound
treatment that enables ibuprofen to be eliminated from waters polluted
with this drug. This method could be used in water purification plants,
which would avoid the emission of pharmaceutical pollutants into rivers,
lakes, seas and other surface waters.
NothingtoFear
That fear was at the heart of Great Depression, and
it's at the heart of the economic crisis we're currently
living through. And I'm seeing first-hand that the
difficulty in getting past that fear is, well, pretty
scary.
Opening OCS may only cut crude price by $1-$2; EIA, IEA officials
Opening the Outer Continental Shelf to oil drilling would only drop
prices in the long term by $1 to $2 a barrel, officials from both the
International Energy Agency and the US Energy Information Administration
told
Congress Thursday.
Price pressures ease on lower energy, raw materials; US Fed
Upward price pressures in the US continued to ease as a result of falling
prices for energy and assorted raw materials, the Federal Reserve Bank said
in
the Beige Book, released Wednesday.
Rare U.S. Jaguar Euthanized Due To Severe Illness
Officials with the U.S. and Arizona wildlife services said the male cat,
which was first caught on February 20 in a rugged area southwest of Tucson,
was found to be suffering from untreatable kidney failure.
Report of Solar-Geophysical Activity 030309
Solar activity was very low. No flares were observed.
The visible disk was spotless.
Geomagnetic field activity was at quiet to unsettled levels. Field activity
increased to unsettled levels.
Rich Nations Revise Up Greenhouse Gas Problem
Emissions reported by 34 nations for the 1990 base year that underpins U.N.
efforts to rein in global warming have risen 3.5 percent overall to 17.6
billion tons in the most recent annual data from 17.0 billion in the first
U.N. compilation in 1996, a Reuters survey showed on Wednesday.
South Africa Says Keen To Go 'Green' On Energy Supply
South Africa is confident it can overcome structural and
financial challenges to balance a power shortage with climate concerns
through greater subsidies, tax breaks and clear policies on renewable
energy.
Stimulus payouts will flow to some projects, trickle to others
Energy programs could see money flowing in two to three
months. Some highway projects could get funding right away, and some
could wait until next year. And key tax breaks will start showing up
this summer.
However, there’s no easy way to pinpoint when people will see pieces of the
$787 billion economic stimulus plan start to show up in their communities.
Stimulus Plan Will Create Sustainable Jobs That Will Protect Public
Health
"Through the President's stimulus package, green initiatives will play
a significant role in powering economic recovery," said EPA Administrator
Lisa P. Jackson. "EPA's portion of the plan will create good, sustainable
jobs that help produce cleaner drinking water, purer air, environmentally
friendly urban and rural re-development, and reduced greenhouse gases.
This is a perfect example of economic growth and environmental protection
working hand in hand to the benefit of all Americans."
The First Vegetables
In Jerzy Kosinski's novel and award-winning screenplay, "Being There,"
the U.S. president turns to a plain-spoken gardener named Chance for
wisdom at a time of economic crisis. The insight Chance offers is as
simple as it is reassuring: Growth has its seasons and, as long as the
roots of growth are not severed, all will be well.
Top Paper in Environmental Policy; Eat Locally, or Eat Differently?
The team found that eating an all-local diet saves the
greenhouse gas equivalent of driving 1000 fewer miles each year, but
eating a vegetarian diet 1 day per week is equal to driving 1160 fewer
miles per year.
TVA plans to restore area affected by coal sludge spill
The Tennessee Valley Authority plans to restore the area hit by a massive
coal sludge spill, potentially leaving it in better shape than it was before
the spill.
U.S. economy sheds 651,000 jobs in February
The U.S. unemployment rate hit a 25-year high of 8.1
percent in February as employers buckling under the strain of a
recession that shows no sign of ending axed 651,000 jobs, government
data showed on Friday.
Adding to the gloom, a combined 161,000 more jobs were lost in January and
December than previously believed. February's decline in non-farm payrolls
was close to economists' forecast for a 648,000 drop.
U.S. Energy Dept To Fund $84 Million For Geothermal Energy
The department said it plans to award as much as $35 million for 20 or 30
research proposals addressing development of advanced geothermal technology.
In addition, up to $49 million will be provided for five to 10 domestic
projects demonstrating enhanced geothermal systems that generate at least 5
megawatts of electricity a year.
U.S. Energy Secretary Pledges To Fight Global Warming
The Obama administration wants to cap carbon emissions from U.S. power
plants, oil refineries and other industrial sites, then auction permits to
exceed those limits. Plants that then lower their emissions could in turn
sell their permits to other facilities that pollute more.
U.S. greenhouse gas emissions increase 1.4% in 2007
Annual U.S. greenhouse gas emissions in 2007 increased by 1.4% from the
previous year, according to the EPA´s annual Inventory of U.S. Greenhouse
Gas Emissions and Sinks: 1990-2007 draft report.
U.S. Looking At Interim Options For Nuclear Waste
The department will consider solidifying liquid radioactive waste that is
currently held at 121 locations across the nation, as the government works
to develop a permanent solution for safe nuclear waste disposal. Chu said
the department could solidify waste at current sites without environmental
risk.
Union of Concerned Scientists Letter to DOE
The administration should cancel the Global Nuclear Energy
Partnership (GNEP) program and the corresponding
Programmatic Environmental Impact Statement (PEIS) process.
Instead, it should take proactive steps to discourage
nuclear waste reprocessing worldwide. GNEP will do nothing
to solve the issue of nuclear waste and will undermine U.S.
and global efforts to stop the spread of nuclear weapons
material.
US Senate unlikely to pass 100% auction of CO2 permits
"To have 100% auction of allowances from the first day of a cap-and-trade
system being in effect, I do think it runs the risk of causing substantial
increased burdens on some utilities, some emitters," Bingaman said at a
Platts Energy Podium event in Washington.
Wales; 20% electricity from biomass by 2020
Wales has announced a Bioenergy Action Plan for Wales aiming to
generate at least 5 TWh of electricity, about 20% of current needs, from
renewable biomass by 2020.
Waste_Inbox 030309
With so many people buying
digital TVs and pondering what to do with their old sets,
here´s an interesting thought that hadn´t occurred to me.
Wave & Tidal Current Stream Activity Set to Increase
Both the wave power and tidal current stream energy sectors are emerging
industries. While development activities run back some 30 years,
commercialization of leading technologies in both sectors is only just
beginning.
The sectors are characterized by high numbers of prototype technologies.
Over 200 are known of and tracked by Douglas-Westwood. Of these
technologies, only a handful is now approaching full-scale commercial
deployment. The majority fail to progress to full-scale prototyping, often
due to difficulties raising the required finance in this now highly
competitive market.
We Need a
Clean Energy Bank
Dear President Obama: Do you want full transparency to ensure citizen
oversight of fund allocation of our economic stimulus billions? Do you want
public-private partnerships to support innovation?
Citizens are the answer to fixing our economy and reducing our dependence on
fossil fuels.
White House to drop Yucca, use temporary sites
US Energy Secretary Steven Chu told a Senate panel Thursday that the
Obama administration would abandon the federal government's decades-old plan
to store spent nuclear fuel at Yucca Mountain, Nevada, and will instead have
temporary open-cask storage sites at nuclear plants across the country.
Wind Forecasting Key for More Efficient Turbines
Knowing when, where and how hard the winds will
blow is one of the largest obstacles for the wind generation industry, and
that knowledge only grows more important as more utilities expand their wind
portfolios.
March 3, 2009
African Mayors Agree to Combat Climate Change
Mayors from 33 capital and major cities across Africa
pledged Friday to quicken climate change adaptation and mitigation plans
for their cities.
Alaska governor to revamp state gas authority
Alaska Governor Sarah Palin introduced bills in the state legislature
late Friday giving the Alaska Natural Gas Development Authority, or ANGDA, a
state gas corporation, expanded authority to build a possible in-state
pipeline to bring gas from the North Slope to the state's major population
areas in south-central Alaska
Alaska Senator Offers Compromise Bill On ANWR Oil
A bill introduced Friday by Senator Lisa Murkowski of
Alaska would permit oil production in the ecologically sensitive Arctic
National Wildlife Refuge, but only from directional wells that are
drilled outside the refuge's borders.
Anti-Coal Protesters Block Gates to Capitol Power Plant
Several
thousand demonstrators marched through chilly winds and snow to the
Capitol's coal-fired power plant today in a bid to attract the attention
of lawmakers to the dangers of climate change.
Asia's biofuel dreams shelved as crude oil tumbles
Hopes of a biofuel bonanza for Southeast Asia, raised when sky-high oil
prices made the search for alternative fuels a priority, have been shelved
as global fortunes and crude prices nose-dive.
BP says to grow production through to 2013 from existing projects
production growth of between 1-2%/year until 2020 without any further
discoveries after replacing 121% of its production last year.
California Sees Billions In Losses From Drought
California Governor Arnold Schwarzenegger Friday declared a state
emergency due to drought, requested broad conservation measures and said
agricultural revenue losses in the coming season could top $2 billion.
Total economic losses in 2009 could be nearly $3 billion, the governor
said, and he requested urban users to cut water consumption by 20 percent
and state agencies to implement a water reduction plan.
Canada Seeks N. American Fuel-Efficiency Standard
Environment Minister Jim Prentice said on Monday Canada
aspires to be part of a stringent North American standard on fuel
efficiency for the continent's heavily integrated auto industry.
"At this point in the United States, it would appear as though they are
headed toward a 35 mile a gallon standard by 2020 and that would start to
come into effect in the 2011 model year," Prentice told the Canadian
Broadcasting Corp in Washington.
"We've essentially been prepared to go in that same direction ...
EPA Unveils Top 25 U.S. Cities with the Most Energy Star Buildings
The U.S. Environmental Protection Agency today released a list of U.S.
metropolitan areas with the largest number of energy efficient buildings
in 2008 that have earned EPA’s Energy Star.
The list is headed by Los Angeles, San Francisco, Houston, Washington,
D.C., Dallas-Fort Worth, Chicago, Denver, Minneapolis-St Paul, Atlanta and
Seattle.
EU Mulls US Biodiesel Dumping Duties
A key EU trade panel will be asked by the bloc's
executive on Tuesday to back anti-dumping and anti-subsidy duties on
imports of biodiesel from the United States, which are irritating trade
relations with Washington.
Europe Mulls Running Ageing Coal Plants Until 2020
Dozens of ageing European coal-fired power stations
could win life extensions to 2020 if they agree to scale back their
operating hours, according to a proposal to be tabled by the European
Union's Czech presidency.
Girding
for a Global Revolution
A significant challenge is that the creation of the smart grid -- and,
consequently, the evolution of the intelligent utility -- is that utilities
cannot start this process from scratch. This is where lifespan plays a major
role.
Global Corporate Credit Quality Remains Stable in February
Kamakura Corporation announced Monday that the Kamakura index of troubled
public companies for February changed only slightly from January. The
Kamakura global index of troubled companies increased modestly by 0.1% to
23.2% of the public company universe, still 0.8% below the recent peak of
24.0% reported for December 2008.
Going green; Entire Swedish city switches to biofuels to become
environmentally friendly
Though a fraction of Chicago's size, this industrial
city in southeast Sweden has plenty of similarities with it, including a
long, snowy winter and a football team the town's crazy about.
One thing is dramatically different about Kalmar, however: It is on the
verge of eliminating the use of fossil fuels, for good, and with minimal
effect on its standard of living.
India Lauds Obama Climate Plan But Sees Concerns
India's chief climate envoy said on Friday he welcomed
President Barack Obama's policy on climate change but warned there would
be no global deal if rich nations insisted on emission targets for all.
Med Nations Top EU's Climate Change Risk List
Italy, Spain and Greece could bear the brunt of climate
change in Europe this century, with heatwaves and wildfires hitting tourism
earnings and food production, according to a draft European Commission
report.
Mediterranean Sea Level Could Rise By over 2 feet
A Spanish-British research project has come up with three future
scenarios for the effects of climate change on the Mediterranean over the
next 90 years, using global models from the Intergovernmental Panel on
Climate Change (IPCC). The conclusions show that ocean temperatures in this
area will increase, along with sea levels.
Nothing to Fear
I always thought I got it. But now I truly understand
Roosevelt's famous words about having nothing to fear but
fear itself.
That fear was at the heart of Great Depression, and
it's at the heart of the economic crisis we're currently
living through. And I'm seeing first-hand that the
difficulty in getting past that fear is, well, pretty
scary.
Ontario First Nations want power opportunities
A determination that there will be aboriginal
participation in the planned expansion of Ontario’s power system was the
clear message from a series of energy forums across the Anishinabek Nation territory.
Pacific Ethanol Suspends Plants In Idaho, California
Pacific Ethanol, Inc, the largest marketer and producer
of the alternative motor fuel in the West, said Friday it has
temporarily suspended operations at two more distilleries, citing
"extended unfavourable market
conditions."
Plenty More Fish In The Sea? Think Again - Reports
The world's waters were once seen as a boundless source
of fish for humans to eat, but over-fishing and aquaculture have
depleted some species and left others famished and weak, two reports
said on Monday.
Climate change is expected to add more stress for fish populations, forcing
warm-water species further toward the poles, changing marine and freshwater
food webs and habitats, the reports said.
Rebates for scrapped cars would revive US economy; steel analyst
The US government should provide cash incentives to American consumers
who turn in their old, high-mileage "clunker" automobiles, proposed veteran
steel analyst Charles Bradford at the Steel Markets North America 2009
conference, hosted by Steel Business Briefing, Monday.
Retail market shakeout expected amid credit crisis; TXU's Burke
The shrinking field of retail marketers is not an indictment against
restructured power markets but an expected result of the credit crisis and
its
impact on retailers, Jim Burke, CEO of TXU Energy said Monday morning.
Stimulus to create 'thousands of miles' of power lines; Biden
US Vice President Joe Biden on Friday said the $787-billion stimulus bill
passed by the Senate February 14 will bring "an unprecedented investment in
green energy."
Study critiques corn-for-ethanol's carbon footprint
To avoid creating greenhouse gases, it makes more sense using today's
technology to leave land unfarmed in conservation reserves than to plow it
up for corn to make biofuel, according to a comprehensive Duke
University-led study.
Transmission Brains
Transmission wires have always been the transportation workhorses of the
electric grid. Directing electrical current from generation to substation,
these aging electricity highways have traditionally lacked intelligence.
But faced with the daunting task of increasing power delivery across the
grid in a reliable and secure fashion -- not one wrought with congestion and
inefficiency -- today's transmission wire manufacturers are looking at new
solutions to transmission issues.
UK opted-out coal plants 'heading for early closure'; Drax CEO
Around 6,000 MW of opted-out UK coal-fired power capacity may have less
than three years left to run if current rates of production are maintained,
Drax Group chief executive Dorothy Thompson said in a 2008 results
conference
call Tuesday.
US Home-Value Drop Accelerated in Fourth Quarter
Freddie Mac (NYSE: FRE) announced last week that its Conventional Mortgage
Home Price Index (CMHPI) Purchase-Only Series registered a 17.9 percent
annualized decline in U.S. house prices during the fourth quarter of 2008,
following a downward revised 8.0 percent annualized drop in the third
quarter. Over the four quarters ending with the fourth quarter of 2008, home
sales prices fell an average of 9.5 percent in the CMHPI Purchase-only
Series – the largest annual decrease in its 39-year history.
US oil demand growth declines at fastest rate since 1980; ANALYSIS
US oil demand growth in 2008 declined at its fastest rate since 1980,
dropping 1.208 million b/d to 19.472 million b/d, according to data released
Friday by the US Energy Information Administration, and reflecting the
largest
downturn in the broader economy in 27 years.
What Does Dr. Doom Have to Say about US Home Prices
If you missed the Saturday 28 Feb New York
Times, then you missed their
somewhat tardy recognition of the Irish economist,
Morgan Kelly. The Irish call him “Dr. Doom.”
World Faces Last Chance To Avoid Fatal Warming - EU
The world faces a final opportunity to agree an adequate
global response to climate change at a UN-led meeting in Copenhagen in
December, the European Union's environment chief said on Friday.
World leaders from about 190 countries meet in Copenhagen in December to try
to agree a global framework to replace the Kyoto Protocol on fighting global
warming, which expires in 2012.
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