1) Chaos in Commons as fresh fracking regulations introduced
Discussion of dozens of fracking amendments to the infrastructure bill was sped through yesterday in just two hours, leaving observers confused as to what was actually decided.
An outright ban – or moratorium – was roundly rejected.
The bill now heads to Lords, where further changes are likely.
Growing anti-fracking sentiment, actualised in the calls for a ban by the EAC, yesterday caused shares in the UK’s only listed shale explorer IGas to crash, wiping out a quarter of its value, according to The Telegraph.
2) There wasn’t a big US-India climate deal
Last year’s landmark emissions agreement between the US and China set the bar a bit high for President Obama’s visit to India this week, and some are discouraged that no major climate deal was made with Modi.
Instead, much of what was agreed was modest. Here’s the official rundown.
Obama did yesterday announce his support of Modi’s push for solar, offering ill-defined financial backing for the PM’s $160bn solar policy, reports Bloomberg.
And following the weekend’s nuclear agreement, China has ‘encouraged’ India to promote non-proliferation as part of its application for Nuclear Suppliers Group membership, the Chinese press reports.
3) BP freezes pay, but is oil on the way up?
The oil price plunge has led BP to freeze salaries across the company for the year,reports the FT.
But there is talk that the cost of oil has hit the floor, and will rise from here on out, with Brent and WTI climbing just a little bit these past few days.
OPEC secretary general Abdalla El-Badri has tried reshoring support for the industry, claiming a lack of investment now could see the price of oil skyrocket to $200 a barrel later, reports Bloomberg.
Reuters credits El-Badri’s comments for lighting a fire under US energy stocks, with Chevron and Exxon having a good day.
4) Blizzards, bushfires, and La Ninas: Climate change happenings and predictions
As America’s north east is hit by dangerous blizzards, Businessweek has stressedthat climate change does make winter more extreme as well as summer.
A recent study has said Australia will be hit particularly bad by the changing climate, with the number of hot days due to double this century – causing crazy bushfires, more floods, and devastated wildlife.
And the New Scientist expects extreme La Nina storms to increase in frequency and veracity.
The Carbon Brief has done a rundown of MP climate change beliefs and energy policies.
Likewise, Think Progress has mapped US governors and their views on climate change and clean energy.