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After Failed Attempt in April, Europe Approves Emissions Trading System

The European Parliament vote breathed new life into Europe’s effort to cut greenhouse gases by trying to raise prices for permits to emit carbons. Continue reading:   After Failed Attempt in April, Europe Approves Emissions Trading System ; ;Related ArticlesLithuania Aims for Energy IndependenceListening Post: Obama Seeks New U.S. Role in Climate DebateHans Hass, Early Undersea Explorer, Dies at 94 ;

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After Failed Attempt in April, Europe Approves Emissions Trading System

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BP officially quits the solar business

BP officially quits the solar business

Remember when BP tried to rebrand itself as “Beyond Petroleum” and came up with a new logo designed to evoke solar power? Well, looks like the company might have to call in some new branding consultants. NPR’s Morning Edition reports:

“We have thrown in the towel on solar,” [BP CEO] Bob Dudley said after delivering a wide-ranging speech Wednesday.

“Not that solar energy isn’t a viable energy source, but we worked at it for 35 years, and we really never made money,” he added.

BP has been winding down its solar operations for a few years. The company now says it is “focusing on those sectors of the energy industry where we can profitably grow our business,” which means a shift to wind and biofuels. Really though, can you blame BP for being worried about money? The company only made $11.6 billion in profits last year, and it might still have to pay billions to atone for the 2010 Deepwater Horizon spill. Wah!

More from NPR:

BP’s exit from solar has more to do with a changing business than lack of will.

“The solar industry BP was involved in 10 years ago has very few similarities to the solar industry today,” says Finlay Colville, vice president of the research firm NPD Solarbuzz.

Colville says BP was one of the early companies in the solar business. Back then, the market was based on a different model — one more focused on research and development. He says now the business is all about efficient production and low prices, something more suited to the Asian companies taking a lead role in the solar panel-manufacturing business; so BP’s exit from solar doesn’t mean the industry overall is in trouble.

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BP is outta here. Can Chinese companies pick up the slack?

It’s not all sunshine for those Asian companies either, though. China’s sick of losing money on its struggling solar-panel manufacturers, and is encouraging mergers amongst debt-ridden companies while also discouraging local governments from stepping in to support them. From The Wall Street Journal:

In December, China’s State Council, or cabinet, signaled it would stop funding money-losing domestic solar-panel makers, which are caught up in a global downturn for the industry …

Chen Yuan, chairman of China Development Bank, said Tuesday on the sidelines of China’s annual session of parliament that the bank would limit fresh lending to solar-panel companies.

Beijing is offering “indirect help to solar companies in the form of new policies and incentives for solar-power development and to boost demand for panels,” but the companies are probably still in for some rocky times ahead.

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Japan is going nuclear again, Fukushima be damned

Japan is going nuclear again, Fukushima be damned

After the March 2011 Fukushima Daiichi nuclear meltdown, Japanese leaders vowed to phase out nuclear power over the next two decades, but new Prime Minister Shinzo Abe isn’t having any of that.

The reactors at Fukushima.

Speaking to Parliament on Thursday, Abe said nuclear plants around the country would restart after meeting stricter safety standards and instituting upgrades, an expensive process that could take months if not years to complete. Japan used to get a third of its energy from 50 nuclear plants. From The New York Times:

On Thursday, Mr. Abe said that Japan had learned the need for tougher safety standards from the Fukushima accident, which forced more than 100,000 people to evacuate. He said the new safety standards will be enforced “without compromise.”

Mr. Abe also said Japan would continue seeking energy alternatives to reduce its dependence on nuclear power, even without going so far as to eliminate it.

In January, the new nuclear agency [the Nuclear Regulation Authority] released a list of its proposed new safety regulations, which include higher walls to protect against tsunamis, additional backup power sources for the cooling systems and construction of specially hardened earthquake-proof command centers. According to a report by the newspaper Asahi Shimbun, none of Japan’s 16 undamaged commercial nuclear plants would currently pass those new standards.

The newspaper said making the necessary upgrades to meet the proposed guidelines would cost plant operators about $11 billion, in addition to improvements already made after the Fukushima accident. The agency has said the new guidelines will be finalized and put in place by July 18.

Japan has already restarted two of its nuclear plants in order to meet power demands, but given the new safety rules, it’s unlikely that more will open this year. Financial analysts expect that will keep up record demand for natural gas in the country. Japan’s greenhouse gas emissions might go down a bit with the nuclear refire, but there’s still the whole matter of preventing another Fukushima-level catastrophe.

The Nuclear Regulation Authority has released some of the new safety and evacuation guidelines for the next meltdown, including distribution of iodine tablets to people living near nuclear plants, and more strict rules on when residents must leave their homes. Feeling better yet?

Hey, at least reactors sitting directly on top of earthquake faults won’t be allowed to restart …

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How ExxonMobil may cause a civil war in Iraq

How ExxonMobil may cause a civil war in Iraq

When George W. Bush decided that the United States (and its “allies”) were going to invade Iraq, there was some small amount of outcry. Opposition focused on three areas: speculation that Bush only wanted to open the country’s oil markets, concern that an invasion would spark civil conflict, and some displeasure that the administration lied about Iraq’s arsenal of weapons. (In retrospect, these critiques were pretty fair.)

Atef Hassan / ReutersA policeman stands guard near a pool of oil that leaked from a damaged pipeline in Basra province.

So it’s with some anguish and a sense that the cosmos has again rearranged itself that we report another hiccup in Iraq’s already turbulent passage to stability. At the center of it: one of the oil companies for whom several hundred thousand American troops kicked open the door.

From the Washington Post:

With their opposing armies massed on either side of the contested border dividing southern and northern Iraq, leaders in Baghdad and the semiautonomous Kurdistan region are warning they are close to civil war — one that could be triggered by Exxon Mobil.

Although leaders on both sides are negotiating a walk back from the brink, they also say their armies could easily be provoked into battle. …

“The prime minister has been clear: If Exxon lays a finger on this territory, they will face the Iraqi army,” said Sami Alaskary, a member of parliament and close confidant of Prime Minister Nouri al-Maliki. “We don’t want war, but we will go to war, for oil and for Iraqi sovereignty.”

ExxonMobil is not the first company to attempt to walk the line between Kurdistan and Iraq proper. Earlier this year, Chevron announced a deal with the Kurds and was black-listed by Iraq. Exxon’s leases are closer to the informal border with Iraq, raising the government’s ire.

Tensions rose last month when Iraqi forces tried to arrest a Kurdish fuel seller, who appealed to Kurdish troops, the pesh murga, to protect him. Gunfire erupted.

The Baghdad military officer said the Iraqi army would open fire under three scenarios: if the pesh merga fire first, if the pesh merga advance beyond their current positions, or if oil companies begin working in disputed areas.

“If they do this, it’s a declaration of war,” the officer said. “They will have started it.”

Exxon hopes to begin drilling (with the U.S. government’s tacit blessing) next summer. Assuming that, in the interim, it doesn’t spark an armed conflict centered on the land where it hopes to drill.

We shouldn’t be surprised that it’s come to this. The last time a Texas-based fossil fuel interest wanted to get more oil out of Iraq, the results were about the same. At least we’re not pretending it’s about WMDs anymore.

Source

In Iraq, Exxon oil deal foments talk of civil war, Washington Post

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How ExxonMobil may cause a civil war in Iraq

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