March 24, 2016 | | | | Jim Kharouf Editor-in-Chief John Lothian News | |
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| | Lead Stories | | In today's edition, beware: European clean tech industry falls into rapid decline. the future for onshore wind is not clear as an uncoordinated patchwork of policies across Europe continues to stifle progress, not least in the UK and Spain, says the European Wind Energy Association. Still in Europe, a Brexit is likely to be an Âelectric shockÂ: Power price would be much higher for consumers, the UK energy secretary says. Finally, the SEC Says Exxon can't block climate change vote, a defeat for the worldÂs largest publicly traded oil producer, which had argued it already provides adequate carbon disclosures. | | | | | “ | ÂThe outlook for 2016 is not as rosy and weÂre likely to see a dip in installations this year. Beyond this, the future for onshore wind is not clear as an uncoordinated patchwork of policies across Europe continues to stifle progress, not least in the UK and Spain. We need to see more political appetite at European and national level, which means putting in place a vision for renewables into the next decade. |
| ” | Oliver Joy, spokesman for the European Wind Energy Association, in the Guardian's story European clean tech industry falls into rapid decline |
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Brexit likely to be Âelectric shockÂ, says Amber Rudd By Pilita Clark - Financial Times Britain faces an Âelectric shock costing consumers at least £500m a year if it leaves the EU, the energy secretary will claim on Thursday. http://on.ft.com/1SiODh5
Rockefeller family charity to withdraw all investments in fossil fuel companies By Rupert Neate - The Guardian A charitable fund of the Rockefeller family  who are sitting on a multibillion-dollar oil fortune  has said it will withdraw all its investments from fossil fuel companies. http://bit.ly/1UmsHFL
European clean tech industry falls into rapid decline By Fiona Harvey - The Guardian EuropeÂs once world-beating clean technology industry has fallen into a rapid decline, with investment in low-carbon energy last year plummeting to its lowest level in a decade. http://bit.ly/1Umu2fQ The Struggle of Clear Climate Communication The Atlantic There has never before been a scientific study quite like the one released this week by James Hansen, a climate scientist and the former director of NASAÂs Goddard Institute for Space Studies. http://theatln.tc/1MneAgg
SEC Says Exxon Cannot Block Climate Change Vote Reuters The Securities and Exchange Commission has ruled Exxon Mobil must include a climate change resolution on its annual shareholder proxy, a defeat for the worldÂs largest publicly traded oil producer, which had argued it already provides adequate carbon disclosures. http://for.tn/1UIN7s8 ***LB: Also in this story "In a Tuesday letter to Exxon seen by Reuters, the SEC said the oil producer cannot keep a proposal spearheaded by New York stateÂs comptroller from a full shareholder vote at the companyÂs annual meeting in May."
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Natural Gas/Coal | GOP hits Obama administration over coal mining rule By Devin Henry - The Hill Members of a House Natural Resources Committee panel on Wednesday peppered a top Obama administration official with complaints over a proposed coal mining rule. http://bit.ly/1XP6xtg
Coal Plants Use As Much Water As One Billion People Every Year By Alissa Walker - Gizmodo Add this to the very long list of why burning coal for energy is a horrible idea. The worldÂs coal plants are using enough water to easily fulfill the needs of a billion people for a year. WhatÂs more, theyÂre often located in places where water is already scarce. http://bit.ly/1UbvXTU
First US shale gas sails into Europe as Ineos carrier arrives in Norway By Terry Macalister - The Guardian The first US shale gas sailed into Europe bringing controversy in its wake. http://bit.ly/1WKsoCa
| | Power | Smart Metering Systems wins Ecotricity smart meter contract By Madeleine Cuff - BusinessGreen Smart Metering Systems plc (SMS) announced yesterday it has signed a new agreement with green energy provider Ecotricity to roll out smart meters to its UK customers. http://bit.ly/1XP6caa
Primrose Solar and PS Renewables power up 'one of the last' large solar farms in UK By Madeleine Cuff - BusinessGreen Renewable energy developers Primrose Solar and PS Renewables have this week announced the completion of a 49MW solar farm at Eveley Farm in Hampshire. http://bit.ly/1Mnd3GW
EDF Energy Renewables signs five-year turbine deal with Wind Towers Scotland By Madeleine Cuff - BusinessGreen Wind Towers Scotland yesterday announced a five-year deal with EDF Energy Renewables (EDF ER) to supply wind towers to all the French utility's onshore wind projects in the UK. http://bit.ly/1VHLWsk EDF chief executive predicts green light for Hinkley Point By Jim Pickard - Financial Times The chief executive of EDF Energy has predicted that Hinkley Point will shortly get the go-ahead, even as he admitted that the new nuclear power station would be as expensive as burning oil at $230 a barrel. http://on.ft.com/1pzEW4c
Port Augusta 'busting a gut' to reinvent itself as a solar city when coal-fired power is switched off By Michael Slezak - The Guardian Each day a trainload of coal rolls into the South Australian town of Port Augusta, where it is burned and turned into electricity. But these days that coal is shipped from a mine that is no longer digging. It is burned at a power plant that is about to be demolished. http://bit.ly/1Zvmer2
Fight to Keep Alternative Energy Local Stymies an Industry By Diane Cardwell - The New York Times Up and down the center of the country, winds rip across plains, ridges and plateaus, a belt of unharnessed energy capable of powering millions of customers, with enormous potential to help meet national goals to stem climate change. http://nyti.ms/21IksCr | | CleanTech | Dyson developing an electric car, according to government documents By Adam Vaughan and Damian Carrington - The Guardian Dyson is developing an electric car at its headquarters in Wiltshire with help from public money, according to government documents. http://bit.ly/25nrBwH
Seattle's 'aggressive plan' to cut pollution with 15,000 electric vehicles By Francesca Perry - The Guardian SeattleÂs mayor Ed Murray wants to dramatically increase electric vehicle (EV) use in the city  by 15,000 cars by 2025  in order to halve greenhouse-gas emissions from the cityÂs vehicle fleet. http://bit.ly/1RAESOp
How South America's lithium triangle is gearing up to feed our battery addiction Reuters ar from the soy and cattle that dominate its vast fertile pampas, Argentina harbours another valuable commodity that is rocketing in price and demand and luring newly welcomed foreign investors. http://bit.ly/1PsJbnt | | Water | American tribes are in trouble, and most won't get $48m to flee climate change By Autumn Spanne - The Guardian The tiny Biloxi-Chitimacha-Choctaw tribe has called the coastal marshlands of southern Louisiana home ever since their ancestors settled there to avoid forced relocation under the Indian Removal Act of 1830. http://bit.ly/1UILhHz | | Disclaimer: All John Lothian Newsletters, JohnLothianNews.com, MarketsWiki.com and MarketsReformWiki.com are products of John Lothian News, a division of John J. Lothian & Company, Inc. The opinions expressed in all John J. Lothian & Company, Inc. publications are strictly those of their respective editors. They are intended solely for informative purposes and are not to be construed, under any circumstances, by implication or otherwise, as an offer to sell or a solicitation to buy or trade in any commodities or securities herein named. Information is obtained from sources believed to be reliable, but is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Security futures are not suitable for all customers. Futures and options trading involve risk. Past results are no indication of future performance. Nothing on any John J. Lothian & Company site should be considered an endorsement by any sponsor of any website or newsletter content.
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