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Aussies open wallets to save climate advisers from new prime minister

Aussies open wallets to save climate advisers from new prime minister

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Down Under is going back in time.

Tony Abbott, Australia’s new climate-denying prime minister, is wasting no time in driving the country backwards on environmental policy — in a metaphorical diesel-chugging logging truck.

But his draconian climate policies don’t appear to be as popular with big business as he’d hoped, and a climate advisory body he tried to kill may come back even stronger, thanks to some of his more enlightened countrymen and women.

Within his first few weeks on the job, Abbott scrapped top-level ministerial jobs that separately oversaw science and climate change policy and dismantled a government climate change commission. He wants to remove some of the world’s tallest forests from the list of World Heritage areas, potentially opening up hundreds of thousands of pristine acres for mining and logging. And he has promised to eradicate the country’s carbon tax.

Amid this carnage, horrified Aussies have begun donating to fund the Climate Commission to keep it operating as a nonprofit. From a story posted Wednesday on the online news site Crikey:

The commission has been reborn as the Climate Council and is now funded by public donations. It had raised $420,000 from 8500 donors as of 9am today (the website only opened to donations 33 hours previously). This should fund the Climate Council for at least six months, probably longer.

So it’s a goer financially.

The Crikey story argues that the commission might actually work better as a nonprofit since it will be freed from the shackles of rules that limited what it could say about government policy. Then again, it’s unlikely that Abbott’s government could give a toss what the group has to say about anything.

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Phillip Minnis

Tony Abbott

Meanwhile, Abbott is lacking the kind of support from big businesses that he might have counted on to help him ram anti-carbon tax legislation through a hostile senate. From Bloomberg:

While business groups such as the Minerals Council of Australia have criticized the carbon price as a “dead weight on the economy,” few individual companies have spoken up to endorse Tony Abbott’s plan to scrap what he calls a carbon tax, said Peter Castellas, chief executive officer for the Melbourne-based institute, which surveyed about 200 of the country’s largest emitters before the Sept. 7 election. It plans to publish a study later this year on the costs of repealing carbon trading in Australia.

“Those conversations are yet to be had by liable entities in Australia,” Castellas said yesterday at the Carbon Forum Asia in Bangkok. “Lots of money has already been invested. Those costs have already been sunk.”

As an arch conservative, Abbott’s mantra is predictably pro-business and anti-regulation. But the uncertainty that his rise to Australia’s top job has cast over carbon pricing is not the kind of thing that corporations like. “The longer this uncertainty lasts, the bigger the problem for Australian companies,” Ingo Tschach, head of market analysis for Tschach Solutions in Karlsruhe, Germany, told Bloomberg.

John Upton is a science fan and green news boffin who tweets, posts articles to Facebook, and blogs about ecology. He welcomes reader questions, tips, and incoherent rants: johnupton@gmail.com.Find this article interesting? Donate now to support our work.Read more: Climate & Energy

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Bloomberg News: Ethanol’s Discount to Gasoline Expands on Outlook for Ample Corn

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Bloomberg News: Ethanol’s Discount to Gasoline Expands on Outlook for Ample Corn

Posted 22 August 2013 in

National

From Bloomberg News:

Ethanol’s discount to gasoline expanded the first time in a week on speculation that next month’s corn harvest will yield ample supply of the biofuel feedstock and reduce costs for producers.

The spread, or price difference, widened 2.75 cents to 71.18 cents a gallon at 12:03 p.m. New York time, as participants in the annual Professional Farmers of America Midwest crop tour estimated higher yields in corn-producing states such as South Dakota and Ohio after inspecting fields. One bushel of corn makes at least 2.75 gallons of ethanol.

“Medium to long-term, it looks like there will be plenty of corn,” said Justin Dirico, manager of the biofuels desk at Eagle Energy Brokers LLC in New York.

With yet more reports of ethanol’s discount compared to gasoline, it is clear that the RFS helps ensure lower costs to consumers as well as the ability to both feed and fuel across the country.

 

 

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France looks at America, says non to fracking

France looks at America, says non to fracking

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France’s vineyards are safe from frackers.

France’s energy minister looked at the destruction being wrought on America’s environment by hydraulic fracturing and said “non, merci” to the latest push by her country’s business lobby to make fracking legal.

Fracking was banned in France in 2011, and it looks like it’s going to stay banned. From Bloomberg:

France’s ban on hydraulic fracturing should not be eased because the oil and gas drilling technique is causing “considerable” environmental damage in the U.S., according to a government minister.

“We have to have our eyes wide open about what is going on in the U.S.,” Environmental and Energy Minister Delphine Batho said during a radio debate. “The reality is that the cost of producing gas doesn’t take into account considerable environmental damage.”

Earthquakes, aquifer pollution, heavy metal contamination, increased truck traffic and damage to the countryside are consequences of fracking, the minister said. …

“The U.S. has invented environmental dumping,” Batho said today. “Gas prices in the U.S. don’t take into account the cost of environmental damage that future generations will have to pay.”

Exactement.

John Upton is a science fan and green news boffin who tweets, posts articles to Facebook, and blogs about ecology. He welcomes reader questions, tips, and incoherent rants: johnupton@gmail.com.

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Falling prices for renewable energy could lead to a tripling of investment

Falling prices for renewable energy could lead to a tripling of investment

John UptonSolar panels in San Francisco.

Catch ya later, failed renewable energy companies. We’re sorry to lose you, but so long as your laid-off workers find other jobs in the ballooning clean energy economy, your collapse really doesn’t matter.

That’s one takeaway message from a new analysis of the renewable energy sector by Bloomberg New Energy Finance.

The plummeting price of renewable energy has bankrupted more than two dozen wind and solar manufacturers, but the BNEF analysts say it could lead to a tripling of investment in the sector over the next 17 years. Notable victims of the falling costs of solar panels include Solyndra and Suntech. But the collapse of those companies appears to be little more than natural attrition in a fast-evolving industry with an extremely bright future.

From Bloomberg:

Annual spending on clean-energy projects that don’t add to greenhouse-gas pollution may rise to $630 billion at the end of the next decade from $190 billion last year, Bloomberg New Energy Finance said in a report today. That’s 37 percent more than estimated in November 2011 and means renewables would account for half of all generation capacity by 2030. …

While suppliers are suffering, lower equipment prices are making more projects profitable to develop and advancing the day when renewables can rival coal and oil on cost.

“The apocalyptic views about what it will cost to shift the world to renewable energy simply aren’t true,” Michael Liebreich, chief executive officer of New Energy Finance, said in an interview. “Three years ago, we thought wind and solar would be cheap as chips, and they’ve even gone below that.”

Despite noise made on the right, the failures of high-profile renewable energy companies don’t mean that the sector is failing. Quite the opposite.

Read another post about the Bloomberg New Energy Finance report: The smart money is on renewable energy

John Upton is a science aficionado and green news junkie who

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Falling prices for renewable energy could lead to a tripling of investment

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Are Fuel Exports Driving Up the Price of Gas?

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Yes, they probably are. But here’s why that’s OK. raindog/Flickr The U.S. fossil fuel renaissance has sparked job booms in the oil fields of North Dakota and Texas, shrunk our national import tab, and led to a whole lot of talk about energy independence. But, as BloombergBusinessweek noted recently, one thing it hasn’t done is lower the price of gasoline for American motorists, who are still paying $3.71 a gallon. Why not? There are a lot of ways to answer that question, the simplest being that despite all our drilling, oil is remains expensive. Worldwide, demand still beats supply. And since the cost of crude accounts for 72 percent of the cost of gasoline,* pump prices have stayed high. But that doesn’t quite put the issue to bed. After all, Americans are driving and fueling up less, which should theoretically encourage the oil refiners that produce our gasoline and diesel to cut their prices. Businessweek points to a few reasons why that hasn’t happened, but I want to focus on just one of them: exports. To keep reading, click here.

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Are Fuel Exports Driving Up the Price of Gas?

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Solar power set to shine in 2013

Solar power set to shine in 2013

John UptonSolar panels in San Francisco.

This year is shaping up to be a bright one for solar power.

New solar generating capacity expected to be installed around the world in 2013 will be capable of producing almost as much electricity as eight nuclear reactors, according to Bloomberg, which interviewed seven analysts and averaged their forecasts.

That would be a rise of 14 percent over last year for a total of 34.1 gigawatts of new solar capacity, thanks in large part to rising demand in China, the U.S., and Japan. From Bloomberg:

Prices for silicon-based solar panels sank about 20 percent to 79 cents a watt in the past 12 months, after dropping by half in the previous year.

China, the biggest emitter of carbon dioxide, is forecast to unseat Germany as the largest solar market in 2013, according to analysts at [Bloomberg New Energy Finance]. Projects have multiplied as the nation provides financial support to its solar companies in a bid to diversify the coal-dependent energy industry.

The Chinese government expects 10 gigawatts of new solar projects in 2013, more than double its previous target and three times last year’s expansion. The country plans to install 35 gigawatts by 2015, compared with a previous goal of 21 gigawatts, government adviser Shi Dinghuan said Jan. 30.

Let’s just hope the sun’s energy can pierce through through that thick sheath of fossil-fuel-induced Chinese smog.

John Upton is a science aficionado and green news junkie who

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China keeps making new green pledges

China keeps making new green pledges

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Shanghai, along with the rest of China, might soon be getting a little cleaner.

The West has long turned a collective blind eye to China’s human rights abuses, its disregard for democracy, its complicity in the mistreatment of its low-wage workers, its occupation of Tibet, and its environmental sins. By turning that blind eye, we’ve ensured a cheap and steady flow of everything from McDonald’s Happy Meal toys to iPhones and other toxic consumer goods.

But something remarkable has been happening of late: China’s despotic leaders seem to be working to clean up the country’s environmental practices.

In February, the leaders announced they would introduce a carbon tax and new pollution discharge fees.

Also last month, China finally came clean and admitted to the existence of so-called cancer villages. “The toxic chemicals [used in China but banned elsewhere] have caused many environmental emergencies linked to water and air pollution,” the country’s environment ministry acknowledged in a landmark report.

And now, Bloomberg is reporting that China has issued environmental protection guidelines for companies to follow when they make foreign investments. Chinese companies operating abroad are being directed to curb pollution and consider their impacts on local communities. From the article:

The guidelines call on companies to follow local environmental laws, assess the environmental risks of their projects, minimize the impact on local heritage and draft plans for handling emergencies.

“We want our companies to realize that they must look after environmental issues in domestic and overseas investments,” Bie Tao, a policy department official from the Chinese environment ministry, said at the briefing. “No side will win if the environment is neglected, and we have many lessons in this regard.”

Zambia last week revoked the license of a Chinese-owned coal mine in the south of the country after violations of safety and environmental laws. In Myanmar, construction of a $3.6 billion hydropower plant by a venture between China Power Investment Corp., Myanmar’s Ministry of Electric Power-1 and a local private company was halted after the project drew the criticism of environmentalists and local residents protested.

And there’s more. From a separate Bloomberg article regarding the country’s latest effort to curb its killer air pollution:

China’s largest oil companies have announced plans for billions of yuan of upgrades after air pollution in the Chinese capital hit hazardous levels on 20 days in January. China Petrochemical Corp. Chairman Fu Chengyu said in an interview with state broadcaster China Central Television last month that the nation’s biggest refiner would spend about 30 billion yuan [$4.8 billion] a year to upgrade its plants to produce cleaner fuel.

So far, this is all mostly talk. But if China carries through with these and other pledges, it may soon have fewer environmental sins that we would need to overlook. That should make it even easier for us to turn a collective blind eye to its human rights abuses, its disregard for democracy, its complicity in the mistreatment of its low-wage workers, and its occupation of Tibet.

John Upton is a science aficionado and green news junkie who

tweets

, posts articles to

Facebook

, and

blogs about ecology

. He welcomes reader questions, tips, and incoherent rants:

johnupton@gmail.com

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Pipeline companies will get a $7 billion tax break through 2016

Pipeline companies will get a $7 billion tax break through 2016

There are people in Washington, D.C., right now scratching their heads and writing memos and trying to figure out how on earth we might possibly avoid budgetary doomsday, the sequestration that will lop some $1.2 trillion out of the federal budget over the next decade. Again, this is only happening because Congress tried to threaten itself. It’s like you threatening to rob yourself by holding a gun to your head and then trying to figure out how to keep from being robbed.

But while all of this is happening, something else is going on in Our Nation’s Capital™: Pipeline companies are getting an even larger tax break than expected. From Bloomberg:

A tax break used by oil and gas pipeline companies such as Kinder Morgan Energy Partners LP (KMP) will cost the U.S. government $7 billion through 2016, about four times more than previously estimated, Congress’s tax scorekeepers said this month.

The nonpartisan Joint Committee on Taxation quadrupled its cost estimate for exempting the fast-growing “master limited partnerships” from corporate income tax in the year ended in September to $1.2 billion from $300 million. The annual cost will rise to $1.6 billion by fiscal 2016, the committee said.

$7 billion. $1.6 billion a year. Tack on the estimated $4 billion in tax breaks the oil industry receives each year, and pretty soon you’re talking about real money.

Some people, new to American politics, think this pipeline tax break will become a political target. If it does, it will only be a target for as long as it takes for the American Petroleum Institute to do some overwrought hand-wringing about job creation. Then it will be ignored once again.

After all, with sequestration threatening to devastate funding for education, public safety, public health, child care programs, worker training, and the military, D.C.’s best minds are already occupied with problem-solving. And they’ll get the job done, no need to worry. In short order, they’ll figure out how to avoid those cuts to the military. That thief won’t steal all their money.

Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.

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The Keystone XL pipeline could create as many as 20 long-term jobs

The Keystone XL pipeline could create as many as 20 long-term jobs

MCLA

There are more people in this picture than may have long-term jobs with the pipeline.

Last week year, Bloomberg did a little digging into the oft-mentioned “thousands of jobs” that would result if the Keystone XL pipeline were built. What they found, as they say, might surprise you, if you are surprised when fatuous political arguments turn out to be erroneous.

From the article:

The debate in Washington has focused on short-term construction and manufacturing jobs, rather than on permanent ones. Estimates for construction and manufacturing employment range from 2,500 to 20,000, depending on assumptions of how much of the project’s budget will be spent in the U.S. The company says some of the steel will be made in Canada and India.

TransCanada Vice President Robert Jones said permanent jobs would be “in the hundreds, certainly not in the thousands,” in a Nov. 11 interview on CNN.

Calgary-based TransCanada says construction will create 20,000 “new, real U.S. jobs.”

TransCanada left out one adjective: temporary. Over the long term, though, that number drops a little bit. Once construction is complete, there won’t be 20,000 jobs — there will be more like 20.

The number of people needed to operate and maintain the 1,661-mile (2,673-kilometer) pipeline may be as few as 20, according to the U.S. State Department, or as many as a few hundred, according to TransCanada.

There are all sorts of caveats that can and should be made: Construction employment is necessarily temporary, for example, and a project of this scope will likely have some ancillary job creation benefits (at refineries on the Gulf Coast, for example). But the fact remains that pipeline advocates have been harping on the project’s job creation potential, yet in a decade the pipeline may have added fewer than two dozen people to the workforce. That’s as many jobs as are created when a new restaurant opens.

That said, the low number makes sense. After all, the pipes in your house don’t need someone to constantly sit and watch them. On the rare occasion that something goes wrong, that’s the point at which you become a TransCanada-style job creator, calling in a plumber.

Which raises another point: It’s very possible that the pipeline will create more jobs down the road. One little rupture, and we’re talking about hundreds more short-term jobs in the lucrative oil-sopping and valve-turning industries.

Update: In my enthusiasm to share this number, I failed to notice that the February 13th on which the article came out was in 2012, not 2013. In the intervening year, it’s possible that the number of projected long-term employees could have reached 22. Maybe even 23.

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Keystone’s Thousands of Jobs Fall to 20 When Pipeline Opens, Bloomberg

Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.

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How one fracking company bullies residents and elected officials alike

How one fracking company bullies residents and elected officials alike

chriswaits

Indeed.

When the EPA last year dropped its inquiry into methane seepage from wells fracked by Range Resources, it seemed like an unusual move. Texan Steve Lipsky’s water supply was bubbling over with the explosive gas, after all, which seemed like the sort of thing an agency built around protecting the environment should look into. But Range Resources threatened to pull out of a key fracking study, and the EPA backed off.

Because, according to a report from Bloomberg, that’s the game the frackers at Range Resources play: bullying, threatening, intimidating.

Critics say the Fort Worth-based company, which pioneered the use of hydraulic fracturing in Pennsylvania’s Marcellus shale, has taken a hard line with residents, local officials and activists. In one case it threatened a former EPA official with legal action; in another it stopped participating in town hearings to review its own applications to drill, because local officials were asking too many questions and taking too long.

“Range Resources is different from its peers in that it chooses to severely punish its critics,” said Calvin Tillman, the former mayor of Dish, Texas, and an activist who has been subpoenaed and issued legal warnings by Range. “Most companies avoid the perception of the big-bad-bully oil company, while Range Resources embraces it.”

The Bloomberg article outlines some of that bullying. A lawmaker who criticized Range had emails leaked to the local paper. And Steve Lipsky, he with the methane water, was sued.

[Range] argued in local court that Lipsky conspired to defame the company by getting his air and water tested by Alisa Rich, president of Wolf Eagle Environmental consultants, and taking that complaint to the U.S. Environmental Protection Agency and to the media.

“The object of the conspiracy was to make false and damaging accusations that Range’s operations had contaminated Lipsky’s water well,” the company said in its suit, filed in July 2011.

While the case is still being fought in court, Lipsky stands by his charge of Range’s culpability: “It’s ludicrous,” he said, referring to the case. “They’re ruthless.”

As Bloomberg notes, there’s a potential downside to alienating citizens and politicians for a company that relies on permitting and leasing land. Tangling with the EPA, however, seems to carry very little cost at all. At least to Range Resources.

Source

Texas fracker accused of bully tactics against foes, Bloomberg

Philip Bump writes about the news for Gristmill. He also uses Twitter a whole lot.

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