British Government Signs A Deal For New Nuclear Power Plant

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Nuclear: UK’s Hinkley decision delayed; one killed at French waste facility; EDF moves in west India

The FT and BBC both report on Hinkley, highlighting investors’ concerns and the company’s merger with Areva as the key reasons for the delay. Meanwhile the UK faces an “energy gap”, according to engineers, and the CBI has written an open letter asking for clearer policy on low-carbon development.

In France, a rock slide at a nuclear waste site has killed one person. There was no nuclear waste on the site at the time.

And amid European delays, EDF have signed a preliminary deal to build six nuclear plants in India. Quartz’s Manu Balachandran asks whether the “world’s biggest electricity company can restart India’s power programme?”, where Seema Guha in First Post highlights the likely protests to come for Jaitapur.

Meanwhile, China has published a white paper saying its facilities and activities are “safe and stable” – and that it will speed up the drafting of its nuclear safety and atomic energy laws.

Oil oversupply: Impact on markets; China slowdown to fuel glut; slashed shale funding

Global financial markets are at the mercy of the oil price – shown here in charts on the FT, where Bloomberg reports a rally in the US markets – likely due to a slight uptick in the price of crude.

China’s slowing demand for oil will worsen the glut, reports Lucy Hornby in Beijing, also for the FT.

And the plunge is still hitting the US shale revolution, with 2016 expected to be the make-or-break year for producers, who are slashing capital spending plans.

US energy: Mine expansions test coal moratorium; blocked coal ports threaten inland states; more mega-methane leaks?

An Obama administration move to overhaul coal sales from public lands will be put to its first test this week as companies seek to advance two major mining projects in the Western US, reports the Daily Mail.

And Bloomberg reports that opposition to coal ports on the US West Coast will threaten the coal industry’s expansion plans and inland states’ economies. Cities such as Portland, Oregon, are drafting rules to block new fossil fuel infrastructure due to climate and health concerns.

Finally, Phil McKenna of InsideClimateNews asks whether hundreds of other gas storage sites risk leaking methane like the one near Porter Ranch – which has now been going on longer the BP’s Deepwater Horizon.

In other news

Solar: Solar panel costs predicted to fall 10% a year

Brexit: What Europe has done for the UK environment

Fracking: North Dakota tribe women said no to fracking

Wind: Northern Ireland wind energy ‘cheaper than gas generation’ by 2020

Carbon markets: Why killing Amazon monkeys is like burning $14 trillion

Cruises: Royal Caribbean steams ahead with new targets for greener cruising