Top 4 stories
1) Peak coal? Decline and divestment, and oil low woes
The US and other countries are falling out of love with coal, reports Slate. EurActiv echoes the same news from the EU, and Norway’s pension fund has alreadydivested from 50 coal companies.
The Guardian’s editor-in-chief Alan Rusbridger has launched a campaign for charitable institutions – the Gates Foundation and Wellcome Trust – to divest from fossil fuels, calling the argument to do so “overwhelming”.
Oil prices continue to fall, hitting a six year low in the US. Reuters reports that lifting a ban on crude oil exports would create jobs even in states that produce none. Meanwhile state-owned Saudi Arabian Oil Co. is posting ads online to hire some of the tens of thousands of US oil workers fired since the oil price decline began last year.
2) UK: North Sea oil or wind? & Big Six profits rise tenfold since 2007
The Telegraph reports on what tomorrow’s Budget might deliver for the North Sea oil industry. They also take a look at a new report from the CMA that reports Big Six profits rising tenfold since 2007.
RenewableUK are holding out hope for a North Sea “hub for trade” in renewable energy if proper regulation is put in place. Quartz take a different look at the North Sea House of Lords report and how increased industrialisation from energy will affect the wildlife in the area.
The BBC reports on the potential of tidal, the first local council energy provider in Cheshire, and the postponed Oxford University fossil fuel divestment decision.
The Times covers the Ineos offer of a £2.5bn “windfall” to communities that allow fracking in Scotland.
3) Vanuatu devastation: Is climate change to blame?
Various articles consider the cyclone’s link to climate change. Mashable suggests it’s a bit of a leap for the President to suggest it was caused by global warming. The New Scientist reports strange storm patterns in the Pacific. The BBC reviews the evidence, and the Guardian cites scientists who suggest climate change “aggravated” the effects of the cyclone due to rising seas and warmer air. The Independent focuses particularly on the fact that the island only has one week of food left.
Meanwhile the Guardian reports on a similar theme: describing how warming in the Arctic is messing with our weather in the northern hemisphere.
4) China & India’s clean energy push
China’s emissions slowdown is hand-in-hand with a clean energy push, reports CS Monitor. The news comes as CleanTechnica covers China’s identification of the West – which includes the Gobi desert – as a potential solar energy hub.
India’s Economic Times reports a slightly more confused picture: Upscaling solar capacity in the country by 2022 to 100GW is still unbacked by policies – but PwC has been hired as a consultant for the plans.
In other news
There’s been an unexpected victory for renewables in Poland, writes academic Dr Andrzej Ancygier in EurActiv.
Shell has pulled back from shale in South Africa due to low prices and exploration licensing delays.
BP has been accused of downplaying the impact of the Gulf of Mexico spill.
The Wall Street Journal writes on climate change and free speech in the US – saying that skeptics are being muzzled. It also covers the Chinese film Under the Domethat it calls “too popular for Beijing’s comfort”.Daily dispatch – Coal boom slows, UK energy, Vanuatu’s climate cyclone and China/India renewables push