Category Archives: Energy

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

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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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Powerhouses: nanotechnology turns bricks into batteries

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Research could pave way for cheap supercapacitor storage of renewable energy

The humble house brick has been turned into a battery that can store electricity, raising the possibility that buildings could one day become literal powerhouses.

The new technology exploits the porous nature of fired red bricks by filling the pores with tiny nanofibres of a conducting plastic that can store charge. The first bricks store enough electricity to power small lights. But if their capacity can be increased, they may become a low-cost alternative to the lithium-ion batteries currently used.

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

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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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India plans to fell ancient forest to create 40 new coalfields

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Narendra Modi’s dream of a ‘self-reliant India’ comes at a terrible price for its indigenous population

Over the past decade, Umeshwar Singh Amra has witnessed his homeland descend into a battleground. The war being waged in Hasdeo Arand, a rich and biodiverse Indian forest, has pitted indigenous people, ancient trees, elephants and sloths against the might of bulldozers, trucks and hydraulic jacks, fighting with a single purpose: the extraction of coal.

Yet under a new “self-reliant India” plan by the prime minister, Narendra Modi, to boost the economy post-Covid-19 and reduce costly imports, 40 new coalfields in some of India’s most ecologically sensitive forests are to be opened up for commercial mining.

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Rage against the dimming light: Irish rebel over lighthouse LED makeover

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Proposals to install low-energy devices in seven coastal beacons in the north and the republic have angered campaigners, who say the enchanting ‘loom’ of the beams will be lost

The “loom of the light” is a phenomenon that lets you see the glow of a lighthouse from over the horizon. Particles of water vapour in the atmosphere scatter the light upwards so it can be glimpsed further than the line of sight. It is an optical wonder that has delighted – and guided – mariners for centuries.

But now some fear an environmental push towards low energy will extinguish a loom that stretches across the Irish Sea, draining beauty from the nocturnal landscape.

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

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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

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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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Battery firm chooses Welsh site for Britain’s first gigafactory

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Startup firm Britishvolt, serving energy storage and electric cars, plans 30GWh battery plant at Bro Tathan

A startup company with plans to build Britain’s first gigafactory to make batteries for electric cars has chosen a site in south Wales for the plant after discussions with the Welsh government.

Britishvolt, which in May launched an ambitious effort to create a £1.2bn factory, has signed a memorandum of understanding with the Welsh government ahead of signing a lease for a former Royal Air Force base at Bro Tathan business park, south Wales.

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Tensions mount as Ethiopia allows dam across Nile headwaters to fill

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Egypt fears hydroelectric project will restrict limited waters on which its population depends

Ethiopia has allowed a controversial dam built across the headwaters of the Nile to fill with rain water, raising tensions with Egypt and Sudan.

The huge hydroelectric project on the Blue Nile, known as the Grand Renaissance dam, is at the centre of Ethiopia’s plan to become Africa’s biggest power exporter, but Egypt fears already limited Nile waters, on which its population of more than 100 million people depends, might be restricted.

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Governments put ‘green recovery’ on the backburner

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G20 countries aim their pandemic bailout spending at fossil fuel industries, leaving Paris climate change targets in doubt

Governments are spending vastly more in support of fossil fuels than on low-carbon energy in rescue packages triggered by the coronavirus crisis, new data has shown, despite rhetoric from many countries in support of a “green recovery”.

Data from the Energy Policy Tracker, a new research effort by several civil society groups, shows that at least $151bn (£120bn) of bailout cash has been spent or earmarked so far to support fossil fuels by the G20 group of large economies. Only about a fifth of this spending is conditional on environmental requirements such as reducing greenhouse gas emissions or cleaning up pollution.

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Iran denies latest blast reports and accuses west of disinformation

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Tehran says incident in early hours in garrison town of Gamdareh was a power outage

Iran has denied reports that fresh mysterious explosions have rocked two towns close to Tehran, accusing the west of waging psychological warfare by spreading false messages on social media.

Reports suggested that the blasts had occurred in the early hours of Friday in Gamdareh, a residential town that houses a number of military garrisons, including bases of the Islamic Revolutionary Guards Corps (IRGC), and in Shahr-e Qods. Officials insisted the reports were false but accepted there had been a power outage.

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Petrol sold to Nigeria from Europe ‘dirtier’ than black market ‘bush’ fuel

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Samples from illegal refineries in Niger delta found to be of a higher quality than imported petrol in new analysis

Black market fuel made from stolen oil in rudimentary “bush” refineries hidden deep in the creeks and swamps of the Niger delta is less polluting than the highly toxic diesel and petrol that Europe exports to Nigeria, new laboratory analysis has found.

Shell, Exxon, Chevron and other major oil companies extract and export up to 2m barrels a day of high quality, low sulphur “Bonny Light” crude from the Niger delta. But very little of this oil is refined in the country because its four state-owned refineries are dysfunctional or have closed.

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‘New deal’ risks fuelling emissions and eroding building standards

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Green campaigners and housing experts warn Boris Johnson’s recovery plan could swiftly become a liability

Boris Johnson’s plan to build tens of thousands of new homes risks locking in high carbon emissions for decades to come, if they are built to today’s poor efficiency standards instead of being designed for net zero carbon.

The prime minister’s plans to “build, build, build” form the centrepiece of his “new deal” to lift Britain’s economy out of the coronavirus recession. About £12bn will go to building 180,000 new homes to relieve the housing crisis, while new hospitals and schools will be constructed to improve degraded public services.

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

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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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Chesapeake Energy, fracking pioneer, files for bankruptcy owing $9bn

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The Oklahoma City-based company helped turn the US into a global energy powerhouse but ran up huge debts in the process

Chesapeake Energy, the shale gas drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection.

The Oklahoma City-based company said on Sunday that it had been forced to enter chapter 11 protection because its debts of $9bn were unmanageable.

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France’s oldest nuclear reactor to finally shut down

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Environmentalists have welcomed news that the 43-year-old Fessenheim reactor will close, nine years after it was first planned

France’s oldest nuclear power plant will shut down on Tuesday after four decades in operation, to the delight of environmental activists who have long warned of contamination risks, but stoking worry for the local economy.

The Fessenheim plant, opened in 1977 and already three years over its projected 40-year life span, became a target for anti-nuclear campaigners after the catastrophic meltdown at Fukushima in Japan in 2011.

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Britain beyond lockdown: can UK become cleaner?

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As Covid-19 accelerates the shift towards renewable energy, Jonathan Watts hears how this change risks causing intergenerational injustice in Aberdeen

Like many young people in Aberdeen, Mike Scotland dreamed of a well-paid job on a rig in the North Sea, in the oil and gas field that has made his home town a boom town for most of the past 40 years.

In February the 28-year-old landed the position he had wanted with Shell, and he was due to take a helicopter to the Shearwater platform in July once he had completed training.

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Papua New Guinea chiefs call for halt to plan for country’s largest ever mine

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Locals say the Sepik river region must be protected from ‘exploitation and destruction from outsiders’

Chiefs from 28 haus tambarans – “spirit houses” – representing 78,000 people along Papua New Guinea’s remote Sepik river have formally declared they want a proposal for the country’s largest ever mine halted.

PanAust, an Australian-registered miner ultimately owned by the Chinese state-owned Guangdong Rising Assets Management, has proposed building a gold, silver and copper mine on the Frieda river, a tributary to the Sepik.

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Huge fire breaks out at India gas well blowout

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Fire has reportedly spread to homes near well that has been leaking ‘uncontrollably’ for two weeks

A massive fire has broken out at an oil field in north-eastern India, after gas that had been leaking for two weeks ignited, sending plumes of smoke and flames into the sky, and reportedly setting fire to nearby homes.

Five deaths in the area are being investigated for potential links to the gas well, which has been leaking “uncontrollably” for two weeks, according to Oil India, the state-owned company managing the oil field.

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Renewable energy stimulus can create three times as many Australian jobs as fossil fuels

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Government spending on clean energy would deliver 100,000 new jobs, EY assessment finds

Stimulus programs backing clean energy as a path out of recession would create nearly three times as many jobs for every dollar spent on fossil fuel developments, according to a financial consultancy analysis.

The assessment by professional services firm Ernst & Young (EY) says a government focus on renewable energy and climate-friendly projects to drive the economic recovery from the Covid-19 pandemic could create more than 100,000 direct jobs across the country while cutting greenhouse gas emissions.

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