Stories in topic "Miscellaneous"
Drumbeat: October 24, 2009
Posted by Leanan on October 24, 2009 - 10:42am
Topic: Miscellaneous
China steps up, slowly but surely
Among members of the U.S. Congress and negotiators preparing for a December climate summit in Copenhagen, China is often considered an obstacle because it has not committed to imposing a ceiling on its emissions of the gases that most scientists blame for climate change. China produces the most carbon emissions in the world, and the output is likely to continue growing for two decades. When President Hu Jintao pledged at the United Nations last month to lower the country's carbon intensity "by a notable margin," that was regarded as a step forward.Yet, in visible and less visible ways, China has begun to address its emissions problem. The steps are driven in part by the parochial concern that climate change could worsen the flooding that plagues the country's low-lying coastal regions, including Shanghai, and cause water shortages in western areas as glaciers in the Himalayas melt away.
But China has also begun to see energy efficiency and renewable energy as ingredients for the type of modern economy it wants to build, in part because it would make the nation's energy sources more secure.
The Bullroarer - Saturday 24th October 2009
Posted by aeldric on October 23, 2009 - 6:21pm in The Oil Drum: Australia/New Zealand
Topic: Miscellaneous
Stuff.co.nz - NZ, Aust urged to join Asean green deal
Southeast Asian leaders are urging New Zealand and Australia to make deeper cuts in carbon emissions as part of a "Green New Deal" covering the region.
Brisbane Times - Piecemeal approach will kill the response to climate change
Meanwhile, the coalminers have figured in large advertisements placed by the mining lobbyist the Australian Coal Association. Its point, as expressed in those advertisements, was that the Rudd Government's carbon pollution reduction scheme would threaten jobs in the coal industry. On the North Coast of NSW it is homes; in the coalfields of Queensland and NSW it is jobs; all across the country other aspects of life are being transformed utterly by climate change. Rural Victoria is questioning the settlement and bushfire management policies that contributed to loss of life during last summer's fires. Towns in western NSW are contemplating life without water as dams lie empty with summer approaching. Many other similar processes are going on elsewhere. Climate change is the thread that runs through them all. Most aspects of modern life will be affected by it and by the national response to it. And as changes become apparent, different interest groups are emerging, each arguing their own case with little reference to the wider problem.
Drumbeat: October 23, 2009
Posted by Leanan on October 23, 2009 - 10:07am
Topic: Miscellaneous
Obama says U.S. must win clean-energy race
Reporting from Washington - President Obama, citing a global competition for development of clean-energy alternatives to oil, insisted today that the United States must win that race and called on Congress to enact legislation also intended to curb climate change."The nation that wins this competition is going to be the nation that leads the world," Obama told an audience at one of the nation's premier research universities in Massachusetts. "And I want America to be that nation -- it's that simple."
Obama praised "a legacy of innovation" that "taps into something that is essential about America."
"Even in the darkest of times that this nation has seen, it has always sought a brighter horizon," the president said at the MIT in Cambridge, Mass. "We have always been about innovation. We have always been about discovery. That is part of our DNA."
Drumbeat: October 22, 2009
Posted by Leanan on October 22, 2009 - 1:01am
Topic: Miscellaneous
China's push for oil in Gulf of Mexico puts U.S. in awkward spot
Reporting from Beijing - A Chinese company's gambit to drill for oil in U.S. territory demonstrates China's determination to lock up the raw materials it needs to sustain its rapid growth, wherever those resources lie.The state-owned China National Offshore Oil Corp., or CNOOC, reportedly is negotiating the purchase of leases owned by the Norwegian StatoilHydro in U.S. waters in the Gulf of Mexico, the source of about a quarter of U.S. crude oil production.
China's push to enter U.S. turf comes four years after CNOOC's $18.5-billion bid to buy Unocal Corp. was scuttled by Congress on national security grounds. The El Segundo oil firm eventually merged with Chevron Corp. of San Ramon.
U.S. Peak Oil Conference Conflicted Amidst The Oil Recession
Posted by Gail the Actuary on October 21, 2009 - 10:07am
Topic: Miscellaneous
Tags: aspo, aspo-usa, jan lundberg [list all tags]
This is a guest post by Jan Lundberg. It originally was published in Culture Change.
Upon the first global recession influenced by the peaking of oil extraction and record high prices, the question for "peak oilers" arises: does peak oil and energy decline mean great profits for modernizing industry, or is peak oil the beginning of huge changes in lifestyle toward sustainability after societal collapse?
Those were the two main concerns at play at the fifth annual meeting of the U.S. chapter of the Association for the Study of Peak Oil and Gas (ASPO-USA), in Denver, Oct. 11-13.
Drumbeat: October 21, 2009
Posted by Leanan on October 21, 2009 - 9:30am
Topic: Miscellaneous
New Agency to Lead Global Energy Push
PARIS — The International Renewable Energy Agency, set up this year to lead a global crusade for renewable energy development and sharing of technology between the developed and developing worlds, has come a long way in a short time.Signed into existence in January at a founding conference in Bonn, the agency — known by its acronym, Irena — now has 137 member states, including the United States, which joined in July. Mexico has said it plans to join shortly.
Drumbeat: October 20, 2009
Posted by Leanan on October 20, 2009 - 10:18am
Topic: Miscellaneous
CIT debt offer by obscure fund raises questions
NEW YORK (Reuters) - An obscure hedge fund said it offered to buy $1 billion in debt from CIT Group Inc but declined to identify its source of capital. CIT would not comment on whether it was seriously considering the offer....Logi is currently raising capital for a Peak Oil Value Fund to target investments based on expectations that global oil production has neared a top.
Peak Oil, a controversial theory in the energy sector, holds that oil prices will surge as output peaks and exporting nations curb shipments even as demand continues to climb.
Critics say the theory ignores the technological advances that have opened up vast new areas to exploration, such as deepwater drilling, oil sands processing and shale drilling.
Drumbeat: October 19, 2009
Posted by Leanan on October 19, 2009 - 9:50am
Topic: Miscellaneous
Oil prices hit high but report warns of supply crunch
A report from the non-governmental organisation Global Witness – famous for its exposé of so-called "blood diamonds" – pointed to an impending supply shock that could be so severe that many of the world's poor countries would simply be shut off from the world of energy by sky-high prices.The report can be downloaded here.Two years in the preparation, Global Witness's report, Heads in the Sand, accused governments of ignoring the fact that the world could soon start to run short of oil. This would lead to huge consequences in terms of price shocks and much higher levels of violence around the world than last year's food riots.
"There is a train crash about to happen from an energy point of view. But politicians everywhere seem to have entirely missed the scale of the problem," said the report's author, Simon Taylor.
"We are all addicted to oil but if you look at the mathematics of the problem, they simply don't add up in terms of future supply and demand."
Drumbeat: October 18, 2009
Posted by Leanan on October 18, 2009 - 10:20am
Topic: Miscellaneous
Economist's advice to Big Food: Change or face fate of GM
Renowned economist Jeffrey Sachs warned the food industry that it risks disaster if it doesn't get behind changes that will deal with climate change, environmental degradation and global hunger.Sachs, author of the "The End of Poverty" and a special adviser to the United Nations, said the food industry has lost the public's confidence in its ability to deliver healthful foods in an environmentally sustainable manner.
"This industry is a powerful lobby," but it could "lobby its way to GM's success," he said, referring to General Motors.
Drumbeat: October 17, 2009
Posted by Leanan on October 17, 2009 - 10:08am
Topic: Miscellaneous
Chinese Company Is Near First Deal to Buy Stake in Oil Drilling Leases in Gulf of Mexico
HOUSTON — Trying to acquire a foothold in the American oil patch, a Chinese company is closing in on a deal to buy stakes in a few drilling leases in the Gulf of Mexico from a Norwegian company, an executive close to the talks said.The prospective purchase would not do much to quench China’s huge and growing thirst for energy, which makes it the second-leading consumer of oil after the United States. But such an oil acquisition would be symbolically important as the first by China in the United States, coming four years after the Chinese company’s $18.5 billion bid for the American oil company Unocal collapsed under pressure from Congress.


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