Ecotricity founder to grow diamonds ‘made entirely from the sky’

UK millionaire Dale Vince says lab-grown gems will be ‘world’s first zero-impact’ diamonds

A British multi-millionaire and environmentalist has set out plans to create thousands of carats of carbon-negative, laboratory-grown diamonds every year “made entirely from the sky”.

Dale Vince, the founder of green energy supplier Ecotricity, claims to have developed the world’s only diamonds to be made from carbon, water and energy sourced directly from the elements at a “sky mining facility” in Stroud.

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Stop CO2 emissions bouncing back after Covid plunge, says IEA

Governments are not doing enough to prevent rapid rebound, says agency’s report

The coronavirus pandemic is expected to cause a record 7% decline in global energy-related carbon dioxide emissions in 2020, but governments are not doing enough to prevent a rapid rebound, according to an influential report.

Carbon dioxide emissions from energy use are expected to fall to 33.4 gigatonnes in 2020, the lowest level since 2011 and the biggest year on year fall since 1900 when records began, the International Energy Agency (IEA) said in its annual world energy outlook.

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Britain’s oil and gas rigs most polluting in North Sea, says report

Release of CO2 from UKCS rigs was much greater than Norwegian and Danish regions

Britain’s oil and gas rigs are the most polluting in the North Sea oil basin, according to industry data, with enough unwanted gas burned off every year to heat a million homes.

Oil rigs in the UK continental shelf (UKCS) released 13.1m tonnes of carbon dioxide emissions into the atmosphere last year, according to data from Rystad Energy, significantly more than those from the Norwegian and Danish regions of the North Sea, which produced 10.4m tonnes and 1.4m tonnes of CO2 respectively in the same year.

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I lived the climate crisis every day of my childhood. This November, I’ll vote on it | Jessica Díaz Vázquez

Chemical headaches, plant sirens – these were the constant background to my home and school life. My community is on the climate frontline

My teacher first taught me about global warming in the third grade. She explained how an increase in greenhouse gases increased the amount of heat that could be trapped in our atmosphere. We discussed how climate change is melting the ice caps polar bears call home, leading to their extinction. We didn’t discuss how the climate crisis was already at our homes.

I grew up with the smell of freshly made salsa from chiles picked from our backyard garden, the bright colors of fruit gifted to us by neighbors, and the sound of off-key singing to Joan Sebastian and Selena Quintanilla. At school, my friends and I slipped between English and Spanish, moving between the topics of our English essay to la quinceañera de nuestra mejor amiga with ease. But looming over my vibrant community was, and is, the fossil fuel industry.

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Seven top oil firms downgrade assets by $87bn in nine months

Thinktank says changes to forecasts reflect accelerated shift away from fossil fuels

The world’s largest listed oil companies have wiped almost $90bn from the value of their oil and gas assets in the last nine months as the coronavirus pandemic accelerates a global shift away from fossil fuels.

In the last three financial quarters, seven of the largest oil firms have slashed their forecasts for future oil market prices, triggering a wave of downgrades to the value of their oil and gas projects totalling $87bn.

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Is this the end for ‘king coal’ in Britain?

As the black stuff burnt in the UK plummets to a level not seen since the early steam age, we trace its long, deep history and the problems left in its wake

Britain achieved an unlikely status as a power provider last year. Its annual consumption of coal plunged to the lowest level in 250 years. According to figures released last week, a mere 8 million tonnes were incinerated in UK factories and power plants. That is roughly the same amount that was burned nationally in 1769, when James Watt was patenting his modified steam engine.

That invention helped to spark the Industrial Revolution and triggered a massive rise in annual coal use in Britain, which soared to well over 200 million tonnes by the mid-20th century. Now levels have plummeted back to their original pre-revolution state. King coal – once the undisputed ruler of British industry – has finally been dethroned.

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Shell reports $18bn loss as global oil and gas prices collapse

Energy giant hit by massive change in fortunes as Covid-19 crisis forces writedown in asset values

Royal Dutch Shell has reported a deep financial loss after a record writedown on the value of its oil and gas assets due to the collapse in global market prices triggered by coronavirus.

The Anglo-Dutch oil giant revealed a net loss of $18.3bn (£14.1bn) for the second quarter 2020, down sharply from a net profit of $3bn over the same period last year and $2.7bn in the first three months of 2020.

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UK could face lawsuit over $1bn aid to Mozambique gas project

Government accused of hypocrisy for backing scheme while claiming to be leading on climate

The UK government could face a legal battle after offering more than $1bn in financial support to help build a gas project in Mozambique despite its commitment to tackling the climate crisis.

Under the deal, UK taxpayer funds will be used to help develop and export Mozambique’s gas reserves, in one of the largest single financing packages ever offered by a UK credit agency to a foreign fossil fuel project.

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Africa can become a renewable energy superpower – if climate deniers are kept at bay

Nigel Lawson’s thinktank is pushing dirty energy on the continent with the greatest capacity for creating clean fuel

The power of climate science denial in the UK, thankfully, has been in retreat over the past decade. Nigel Lawson’s Global Warming Policy Foundation (GWPF) may still boast a prime Westminster address, but its influence has waned. In fact, its decline aptly mirrors the fortunes of the coal industry, including US titans such as Peabody Energy, which saw its share price plunge 99% between 2008 and 2016 before filing for chapter 11 bankruptcy.

With countries rightly phasing coal out of their energy mix, the GWPF has turned its sights on Africa to peddle its misinformation about the merits of burning fossil fuels. It has published a new report, derisively titled Heart of Darkness: Why Electricity for Africa is a Security Issue, and launched a glossy website for “energy justice”, which uses the language of climate justice campaigners to try to undermine renewable energy.

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How do you deal with 9m tonnes of suffocating seaweed?

Across the Gulf of Mexico and the Caribbean, scientists are developing alternative sustainable solutions to the golden tide of Sargassum

The Great Atlantic Sargassum Belt, first detected by Nasa observation satellites in 2011 and now known to be the world’s largest bloom of seaweed, stretches for 5,500 miles (8,850km) from the Gulf of Mexico to the western coast of Africa.

Millions of tonnes of floating Sargassum seaweed in coastal waters smother fragile seagrass habitats, suffocate coral reefs and harm fisheries. And once washed ashore on Mexican and Caribbean beaches, this foul-smelling, rotting seaweed goes on to devastate the tourist industry, prevent turtles from nesting and damage coastal ecosystems, while releasing hydrogen sulphide and other toxic gases as it decomposes.

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Supertankers drafted in to store glut of crude oil

Ships able to carry 2m barrels chartered for $335,000 a day to store oil unwanted during the Covid-19 pandemic

Giant oil tankers are being used to hold record amounts of crude at sea due to a global oversupply that threatens to overwhelm the world’s storage facilities.

A record 160m barrels of oil has been stored in “supergiant” oil tankers outside the world’s largest shipping ports following the deepest fall in oil demand in 25 years because of the coronavirus pandemic.

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Shell unveils plans to become net-zero carbon company by 2050

Firm to cut carbon intensity by selling more green energy but critics say first step must be to stop new drilling

Royal Dutch Shell plans to become a net zero-carbon company by 2050 or sooner by selling more green energy to help reduce the carbon intensity of its business.

Ben van Beurden, Shell’s chief executive, said the company must focus on the long-term “even at this time of immediate challenge” caused by the Covid-19 pandemic.

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Major oil-producing nations agree historic 10% cut in output

Saudi Arabia and Russia reach truce after collapse in demand caused by coronavirus

The world’s largest oil producers have agreed a historic deal to cut global oil production by almost 10% to protect the market against the impact of the coronavirus pandemic.

Members of the Opec oil cartel and its allies have agreed to withhold almost 10m barrels a day from next month after the outbreak of Covid-19 wiped out demand for fossil fuels and triggered a collapse in global oil prices.

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Opec, Russia and other oil producers make draft deal to cut output

Mexico holds out against scale of reductions which would amount to 10m barrels per day, or 10% of global supply

Opec countries and allies led by Russia have agreed in principle to cut their oil output by more than a fifth and said they expected the United States and other producers to join in their effort to prop up prices hammered in the coronavirus crisis.

But there was some confusion after Mexico apparently refused to sign up to its share of cuts under the deal, which would have been 400,000 barrels per day. The Mexican energy minister Rocio Nahle Garcia tweeted that her country had suggested a cut of 100,000 barrels.

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Oil rig closures rising as prices hit 18-year lows

Global producers running out of storage for surplus due to coronavirus crisis

Global oil producers have begun shutting down their oil rigs on the largest scale in 35 years as the coronavirus continues to drive market prices to their lowest level since 2002.

Related: More than 4,000 North Sea oil rig jobs cut amid Covid-19 crisis

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Energy storage boom stalls in Europe

Slowdown in large-scale clean energy projects started before coronavirus crisis due to lack of state support

Europe’s energy storage boom stalled last year due to a slowdown in large-scale schemes designed to store clean electricity from major renewable energy projects, according to the European Association for Storage of Energy (Ease).

A new study by consultants Delta-EE for Ease found that the European market grew by a total of 1 gigawatt-hours in 2019, a significant slowdown compared with 2018, when the energy storage market exceeded expectations to grow by 1.47GWh.

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Oil price plunges 20% as Saudis vow to step up production

Move follows Russian refusal to join Opec-led production cut aimed at keeping prices high

The price of crude oil has plunged by more than 20% after Saudi Arabia, the world’s top oil exporter, said it would step up production from next month, flooding global markets and most likely depressing petrol and diesel prices.

Brent crude futures slid 30% to $31.02 a barrel in chaotic trade on Monday morning, before recovering slightly to $36.06, a drop of 20% on Friday night’s close. It was the worst one-day fall for brent since the start of the first Gulf war in 1991. US crude fell 27% to $30.

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World Bank accused over ExxonMobil plans to tap Guyana oil rush

Washington DC-based bank grants funds to redraft south American state’s oil laws by lawyers linked to oil giant

The World Bank is to pay for Guyana’s oil laws to be rewritten by a legal firm that has regularly worked for ExxonMobil, just as the US producer prepares to extract as much as 8bn barrels of oil off the country’s coast.

The World Bank has pledged not to fund fossil fuel extraction directly, but it is giving Guyana millions of dollars to develop governance in its burgeoning oil sector, as the south American country prepares for an oil rush led by ExxonMobil and its partners.

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Oil and gas firms ‘have had far worse climate impact than thought’

Study indicates human fossil methane emissions have been underestimated by up to 40%

The oil and gas industry has had a far worse impact on the climate than previously believed, according to a study indicating that human emissions of fossil methane have been underestimated by up to 40%.

Although the research will add to pressure on fossil fuel companies, scientists said there was cause for hope because it showed a big extra benefit could come from tighter regulation of the industry and a faster shift towards renewable energy.

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Activists try to occupy British Museum in protest against BP ties

Environmental group puts pressure on museum to end its partnership with oil company

Dozens of activists have coated themselves in plaster and are trying to occupy the British Museum overnight in a bid to pressure the institution to cut ties with oil corporation BP.

About 60 protesters were taking part in the defiant act of impromptu sculpture making as the museum in London attempted to close its doors at 5pm on Saturday.

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