Now hot in Brazil: ‘carbon credits’ to fight global warming

SAO PAULO (AFP) – Programs aimed at reducing greenhouse gas emissions are blossoming in Brazil, with the “carbon credit” system winning interest from companies in industrialized countries. Brazil ranks second among developing countries, behind India and ahead of Mexico and China, in the number of these investments, though under the Kyoto Protocol on climate change […]

Bigger Push for Charging Drivers Who Use the Busiest Streets

Congestion pricing, the idea of charging drivers for bringing vehicles into the busiest parts of Manhattan, has become a kind of holy grail for transportation advocates and urban planners in New York Now a diverse array of civic and community groups

Aston University introduces biomass to China’s coal-fired power plants

Aston University’s Bioenergy Research Group is part of a European-Chinese team that will assess market opportunities for EU companies to introduce cofiring of biomass in China’s coal fired power stations in a new project launched this month. The €590,000 ChEuBio (China EU Bioenergy project), funded by the European Commission, is a two-year initiative that will […]

Ireland: Project to see vehicles running on plant oil

A new Transport 21 initiative plans to have around fifty commercial vehicles running on pure renewable plant oil before the end of 2007. The biofuels project was launched today at the bus & coach show in the RDS in Dublin. The project is being run by the Department of Transport and the German-Irish chamber of […]

Iran Invites Sinopec Head to Sign $100 Billion Oil, Gas Deals

Iran has invited the managing director of China Petrochemical Corp. to Tehran to sign the development contract of Iran’s Yadavaran oil field as well as oil and gas purchases worth as much as $100 billion. A deal for China’s Sinopec Group, as China Petrochemical is known, to develop Yadavaran has been completed, National Iranian Oil […]

The handwriting on the greenhouse wall

Energy firms coming to accept regulation of warming gases as inevitable While the political debate over global warming continues, top executives at many of the nation’s largest energy companies have accepted the scientific consensus about climate change and see federal regulation to cut greenhouse gas emissions as inevitable. The Democratic takeover of Congress makes it […]

Brunei: Public Urged To Adopt Low Energy-Consuming Lifestyle

The government is calling on the public to adopt a “ldwenergy consumption lifestyle” .and on parents to instil it on their children early on. Minister of Energy at the Prime Minister’s Office Pehin Orang Kaya Seri Utama Dato Seri Setia Awang Yahya Begawan Mudim yesterday said educating the public should not be limited to schools […]

Palm oil merger expected in Malaysia

The Malaysian government said Thursday that it was considering merging three of the country’s palm oil producers, as it seeks to bolster production in one of the nation’s top revenue-producing industries.Palm oil prices have climbed to their highest in two years, driven by the commodity’s growing use as an alternative energy at a time of […]

Chinese investment slump threatens oil prices

Chinese investment flows are slowing down which could spell the end of the current investment cycle, and signal a recession ahead. Given the importance of emerging markets like China in sustaining oil price growth in recent years this is unwelcome news on top of the continuing crisis in US housing.The danger now is that by […]

The biggest bubble of all – derivatives Trading Soars to $370 Trillion

The kind of euphoria in derivative trading has never been seen before. The amount of outstanding credit-default swaps contracts jumped by 60% at the end of last year. This year the rise is even faster. It is a typical pyramiding technique. Money is creating false concept of money and that in turn is creating ever […]

Drastic Action on Climate Change is Needed Now – and Here’s the Plan

By George Monbiot The government must go further, and much faster, in its response to the moral question of the 21st century So how do we do it without bringing civilisation crashing down? Here is a plan for drastic but affordable action that the government could take. It goes much further than the proposals discussed […]

Can Solar Power Revive the US Manufacturing Sector?

Some in the industry are even convinced that the relatively long life span of conventional solar panels could make the technology economically competitive without government subsidies; others, such as the Apollo Alliance, claim that “…a $30 billion federal program could create 3.3 million jobs over 10 years.” No one expects that level of investment from […]

Peak Oil Passnotes: Where Is the Money?

Some people are calling this the most boring crude oil market for ten years. Since the decline in August and September the market has remained fixed solid. Stuck between $55 and $61. It is easy to see why, as we have gone over these problems many times. But for the first time in a long […]

Sustainable development: Big not boring

Sustainable development is not a “boring catch-phrase for sad gits with nothing better to do with their lives”, says Jonathon Porritt. In this week’s Green Room, he explains why it holds the key to a better future, and why politicians ignore it at their peril. BBC

IAEA blocks aid for Tehran reactor

The United Nations nuclear watchdog’s board of governors on Thursday indefinitely blocked Iran’s bid for technical aid for a reactor project over concerns it could be secretly used to yield bomb-grade plutonium. IOL

Sky falling and fast, warn scientists

Forget the fable of Chicken Little telegraphindia

Iran Finds New Oil, Gas Reserves in Ahvaz Field

Iran has discovered new onshore oil and natural gas reserves in the oil-rich southwestern province of Khuzestan with an estimated value of $7.3 billion, an Iranian oil official said Wednesday. The new gas reserves have been discovered at the Khami layer of the Ahvaz oil field, the Oil Ministry`s information network quoted the managing director […]

Think-tank gives doomsday scenario for MTR

A local think-tank examining the possible effects of global warming painted a doomsday scenario Thursday for Hong Kong’s MTR system with thousands of passengers left stranded for hours at a time. Flooding is already affecting mass- transit systems in other cities such as New York city, where heavy rains forced three subway lines to close […]

North Sea ‘absolutely critical’ to UK energy security – Darling

The North Sea was, is and will be ‘absolutely critical’ to delivering the energy needs of the country, Trade and Industry Secretary Alistair Darling will say today. He will hail the ‘pioneering spirit’ driving the second wave of North Sea exploration. With major recent investments from the multi-nationals totalling over gnn

Air Products prepares for hydrogen economy

Pennsylvania is gearing up for the future thanks to Air Products, one of the largest producers of hydrogen for industry in the world. fuelcelltoday

The Oil Drum: Investment in Oil Exploration and Production?

On November 7th, the International Energy Agency (IEA) released its World Energy Outlook 2006. At a press conference announcing the new report, the agency’s Executive Director was quoted as follows: “The key word is urgency,” IEA director Claude Mandil told a press conference in London following release of the study. “Urgency for immediate policies and […]

Pipelines key to preventing Las Vegas-area fuel crisis

New petroleum pipelines from California and Arizona could shore up southern Nevada’s precarious fuel supply within a few years, if someone builds them, the head of a southern Nevada fuel supply task force said. Randy Walker, county airport manager and chief of the Clark County Blue Ribbon Fuel Commission, told the Clark County Commission on […]

Give us non-polluting energy

The investment in fighting climate change is pathetically low November 2006 promises to be a momentous month in the history of human influence on the earth Since fusion, which is the energy principle of the sun and of the hydrogen bomb, requires no significant quantities of raw materials apart from water and produces no serious […]

Missing keys, holes in fence and a single padlock: welcome to Congo’s nuke plant

The IAEA is worried that lax security could lead to enriched uranium falling into the wrong hands Amid the market stalls, hawkers and gridlocked cars on the road out of Congo’s capital and into the Kinshasa hills there is nothing to mark the way to a nondescript clutch of buildings a few hundred yards down […]

Battle of the blades

The view to Arran from the Ayrshire coast is one of the most cherished in Scotland. Yet turn your head and a new horizon opens up. Stark against the skyline are the turbines of a giant wind farm. Graceful and mesmerising? A necessary investment for our future? Or just a blot on the landscape? Whether […]

Hong Kong ‘climate change threat’

A leading Hong Kong think-tank has released the first study examining the likely impact of climate change on Hong Kong and the Pearl River delta. The Civic Exchange study concludes that even small water-level rises combined with extreme weather could cause flooding across the low-lying delta. The Pearl River delta is southern China’s manufacturing and […]

Divided Venezuelans United on Costly Policy of Cheap Gas

CARACAS, Venezuela — Jesus Vivas drives a 26-year-old clunker with rusted fenders, ripped upholstery and a tattered carpet. With a wheeze, a plume of smoke and a walruslike roar, the wreck he calls a taxi accelerates down congested streets. About the only thing that works well is a new radio, which blares accordion-laced folk music. […]

Death toll from Indonesia blast climbs to 11

SIDOARJO, Indonesia (Reuters) – Three more bodies were found on Friday near the scene of a gas pipeline explosion in Indonesia’s East Java province which was linked to a devastating mudflow, pushing the overall death toll to 11. The blast late on Wednesday, which disrupted gas operations in the region covered by state oil company […]

An Interview with Michael Meacher MP on peak oil and relocalisation

Michael Meacher has been Labour Member of Parliament for Oldham West and Royton since 1970. He was Minister of State for the Environment between May 1997 and June 2003, and has been very outspoken on issues of peak oil and climate change. I managed to grab a short interview with him while he was eating […]

Russia tips the balance

Russia, possessing unequaled energy-based leverage, has taken the leadership among the world’s producers and the rising powerhouse economies of the East to promote a vast worldwide web of alliances and ties prominently featuring rigid bilateral, private long-term supply contracts. This model runs counter to and increasingly circumvents the established liberal US-backed global oil market denominated […]

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