1) Oil pipeline arguments and settlements
Shell will be shelling out £55 million to the Bodo community in the Niger Delta as compensation for ‘two massive oil spills’ in 08-09, the BBC reports.
Those spills were caused by pipeline operational failures, which tenuously brings us to the case of Keystone.
The proposed pipeline that would take crude from Alberta’s oil sands to the US is championed by the Republicans and has been made the first order of business for the new congress.
Yesterday Vox (and many others) reported that The White House said it would veto the Keystone bill as it stands.
As the the President looks to cement last year’s executive-actioned emissions regulations, the UK has been accused of trying to undermine its own, in this dispatch’s second and final contrived segue.
The Guardian reports the UK and Czech Republic have been lobbying to minimise the authority of Brussels in enforcing last year’s EU emissions agreement to cut 40% by 2030.
Ed Davey, however, says this isn’t true.
2) UK says consumers should benefit from oil price plunge
Brent Crude is currently $50 a barrel. That’s half what it was less than a year ago, and everybody is freaking out.
The UK government says it wants the British people to see the benefits, with George Osborne claiming he will watch energy firms closely (“like hawks” in a slight idiom confusion) to see if they pass on cheaper costs, Sky News reports.
Vice (and others) highlight the impact on fracking the falling oil price is having, with WTI even cheaper than Brent Crude.
A month ago Energydesk did its own thing on the oil price crisis’ impact on fracking— and we’ve updated it.
Bloomberg’s done (yet another) a rundown of what $50 oil could mean.
3) India’s coal strike continues, halves output
The coal strike in India has entered its second of five days, with Bloomberg reportingthat half of the country’s output and shipments have been shut off.
And Reuters have written a data-driven piece on why coal is so cheap, and if it will stay that way.
In other news
– Huffington Post: A nuclear power plant leaked oil into Lake Michigan for two straight months
– Bloomberg: US tariffs on Chinese solar cells could be halved
– Business Green: Danish wind energy has record 2014, delivers 39% of power
– Reuters: Pakistan is bringing solar into the grid