1) UK fracking & US methane: Green lights & leaks
Most outlets are covering the UK’s first fracking licenses issued for seven years. The Mail suggests “rural warfare” is impending and the Independent looks at the blocks through a political lens (most are in the non-Conservative north). Meanwhile the BBC magazine has a long read on the UK’s last deep pit coal mines (the very last of which is about to close).
Over in the US they are grappling with new information that suggests shale gas extraction is leaking more methane than previous estimates suggest. This is leading to a “crackdown”, with Obama setting new – and possibly expensive, for an already struggling industry – rules through the EPA on leaks.
2) Climate change: Islamic Declaration, mass migration, Citi’s costing, water loss “preview”
Yesterday the Islamic Declaration on Climate Change was issued in Istanbul, calling for leaders of the world’s 1.6bn Muslims to phase out greenhouse gas emissions and going renewable.
Human and financial impacts of climate change are being measured again: Mass migration is the “new normal” with climate change, says Ellie Mae O’Hagan in the Guardian; Citi costs up climate inaction and arrives at $44 trillion; and water restrictions caused by oil sands companies’ withdrawals from the Athabasca River are a preview of shortages to come due to climate change.
3) Renewables: Project Sunroof from Google, solar airport, eagles win against wind
Google’s Project Sunroof can help anyone work out whether solar panels are right for their roofs. Meanwhile India has unveiled the world’s first entirely solar-powered airport – in Cochin, Kerala – although it most certainly doesn’t include the planes themselves.
The US bald eagle has been saved from “shredding” by “subsidy-fuelled” wind turbines, according to the WSJ. And Citigroup says we need 53GW of new solar PV per year to 2020 to address climate change.
4) Big oil, coal: American Arctic project splits Democrats, UK North sea, global coal down
Shell’s shares slumped on yesterday’s news it had its final permit required for it to commence drilling in the Arctic. In the US the President’s fellow Democrat Hillary Clinton contradicted Obama’s administration by rejecting the Shell project off Alaska.
In the UK the Wood Group’s Bob Keiller has more bad news and job losses to announce in the North Sea – but high hopes for engineering skills expert to other part of the world.
And India’s Economic Times reports that coal prices have fallen to a 12 year low as China and India join the global slowdown in demand.
In other news
Inconvenient mogul: Big oil’s shadow war on billionaire Steyer