The Crossing

Top stories

1) Big oil: Investors snub climate resolutions at Exxon Mobil and Chevron as Shell’s Arctic project ready to go

Shareholder meetings for Exxon Mobil and Chevron are expected not to pass climate commitment proposals urged by investors. Meanwhile CO2 emissions from the world’s largest energy companies grew 1.3 percent from 2010 to 2013, a study finds.

Bosses at the world’s big five oil companies have been paying out over a trillion dollars in spending to extract reserves.

And despite protests Shell is ready to seize its Arctic chance this summer, and the project that is expected to take ten years due to difficultly securing environmental approvals.

2) Renewables: Electric vehicle giant share sale, Tesla mining, wind turbine study, solar aircraft

Shenzen-based BYD is said to be planning a $1.6 billion private share sale following winning contracts for US electric buses and a solar panel factory in Brazil. It is seeking to boost investment in battery manufacturing.

In more battery news, Tesla is about to make cobalt, lithium and nickel essential investments in commodities, writes Andrew Critchlow in the Telegraph.

A new study on wind turbines from has found careful spacing of wind turbines can keep them turning. And the Solar Impulse single-seater plane is currently waiting for the right weather window to cross the Pacific from Nanjing to Hawaii.

In nuclear news, China is warned by one of its top scientists on “insane” plans for new nuclear plants, and Areva (which is charged with designing Hinkley Point in the UK), has received a 2 billion euro approach for its reactor business from EDF.

3) Ban Ki-Moon calls for global climate action, Nicholas Stern on missed chances, America’s new climate partnership

UN chief Ban Ki-moon has used the World Meterological Organisation conference in Geneva this week to call for “global action” on climate change.

Influential academic and economist Lord Stern has said at Hay festival in the UK thatworld leaders missed the perfect opportunity to tackle climate change during the global economic crisis.

And North American energy ministers from Canada, the US and Mexico have agreed to cooperate on climate change policy harmonization.

In other news:

UK: Ofgem to investigate “forcibly installed” pre-pay meters

EU-US: EU could provide push US needs to lift energy export limits

Climate: Hay fever misery to increase with global warming