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Shell Sells Oil Sands Assets as Boss Warns on Clean Energy Challenge

           

An excavator at the Athabasca project near Fort McMurray in Alberta. Shell has cut its interest in the project as part of a retreat from tar sands. Photograph: Mark Ralston/AFP/Getty Images

Carbon-heavy assets offloaded for $8.5bn as company ties 10% of directors’ bonuses to how well it manages emissions

theguardian.com - March 9, 2017

Royal Dutch Shell has agreed to sell most of its carbon-heavy Canadian oil sands assets for $8.5bn (£7bn) as the chief executive warned that the industry risked losing public support without progress towards cleaner energy.

The world’s second largest publicly-traded oil company plans to increase its investment in renewable energy to $1bn (£800m) a year by the end of the decade, Ben van Beurden said on Thursday, although it is still a small part of its total annual spending of $25bn (£20.5bn). 

Shell also said that 10% of directors’ bonuses would be tied to how well it manages greenhouse gas emissions in refining, chemical and upstream operations.

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Will a New Glass Battery Accelerate the End of Oil?

John Goodenough, coinventor of the lithium-ion battery, heads a team of researchers developing the technology that could one day supplant it.  Photo: Cockrell School of Engineering

spectrum.ieee.org - by Mark Anderson - March 3, 2017

Electric car purchases have been on the rise lately, posting an estimated 60 percent growth rate last year. They’re poised for rapid adoption by 2022, when EVs are projected to cost the same as internal combustion cars. However, these estimates all presume the incumbent lithium-ion battery remains the go-to EV power source. So, when researchers this week at the University of Texas at Austin unveiled a new, promising lithium- or sodium-glass battery technology, it threatened to accelerate even rosy projections for battery-powered cars.

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The Murky Future of Nuclear Power in the United States

A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

Image: A view into Unit 4 at the Alvin W. Vogtle generating station in Georgia. The complex plans to use AP1000 reactors from Westinghouse. Credit via Georgia Power

nytimes.com - February 18th 2017 - Diane Cardwell

This was supposed to be America’s nuclear century.

The Three Mile Island meltdown was two generations ago. Since then, engineers had developed innovative designs to avoid the kinds of failures that devastated Fukushima in Japan. 

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Flamanville reactor blast: No nuclear risk, say officials

The two reactors at Flamanville will eventually be joined by a third.

Image: The two reactors at Flamanville will eventually be joined by a third.

bbc.com - February 9th 2017

An explosion and fire have occurred at the Flamanville nuclear plant on France's northern coast but there was no nuclear risk, officials say.

"It is a significant technical event but it is not a nuclear accident," senior local official Olivier Marmion told AFP news agency.

Five people reported feeling unwell but none was seriously injured.

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Weak Federal Powers Could Limit Trump’s Climate-Policy Rollback

A wind farm in Pomeroy, Iowa. The wind power industry is booming in the United States, with wind-farm technician projected to be the country’s fastest-growing occupation over the next decade. Credit Jim Watson/Agence France-Presse — Getty Images

Image: A wind farm in Pomeroy, Iowa. The wind power industry is booming in the United States, with wind-farm technician projected to be the country’s fastest-growing occupation over the next decade. Credit Jim Watson/Agence France-Presse — Getty Images

nytimes.com - January 2nd 2017 - Justin Gillis

With Donald J. Trump about to take control of the White House, it would seem a dark time for the renewable energy industry. After all, Mr. Trump has mocked the science of global warming as a Chinese hoax, threatened to kill a global deal on climate change and promised to restore the coal industry to its former glory.

So consider what happened in the middle of December, after investors had had a month to absorb the implications of Mr. Trump’s victory. 

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World Energy Hits a Turning Point: Solar That's Cheaper Than Wind

           

Emerging markets are leapfrogging the developed world thanks to cheap panels.

bloomberg.com - by Tom Randall - December 15, 2016

A transformation is happening in global energy markets that’s worth noting as 2016 comes to an end: Solar power, for the first time, is becoming the cheapest form of new electricity. 

This has happened in isolated projects in the past: an especially competitive auction in the Middle East, for example, resulting in record-cheap solar costs. But now unsubsidized solar is beginning to outcompete coal and natural gas on a larger scale, and notably, new solar projects in emerging markets are costing less to build than wind projects, according to fresh data from Bloomberg New Energy Finance.

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Before the Flood

nationalgeographic.com - October 30, 2016

From Academy Award®-winning filmmaker Fisher Stevens and Academy Award®-winning actor, environmental activist and U.N. Messenger of Peace Leonardo DiCaprio, Before the Flood presents a riveting account of the dramatic changes now occurring around the world due to climate change, as well as the actions we as individuals and as a society can take to prevent the disruption of life on our planet.

CLICK HERE - National Geographic - Before the Flood

CLICK HERE - YouTube - Before the Flood

CLICK HERE - About the Film - Before the Flood

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The myth of renewables threatening grid stability?

bnef.com - October 31st 2016

Germany’s power grid outage averaged 12.7 minutes last year, 41% less than in 2006, even though renewables have grown to account for as much as a third of power generation in the country, according to data released by the federal regulator last week.

This put to rest concerns about intermittent sources of power threatening grid stability. The country is weaning itself away from nuclear power and embracing renewables generation, providing a working model of transformation of the energy sector for many other countries.

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Energy weighs on Wall St. but Costco shines

reuters.com - July 7th 2016 - Marcus E. Howard

The S&P 500 and Dow industrials slipped on Thursday, weighed by energy shares, but gains in Costco and tech shares lifted the Nasdaq Composite.

The energy sector of the S&P was dragged lower by Exxon and Chevron as oil futures prices fell nearly 5 percent after crude stockpiles fell slightly less than forecast.

High-yielding sectors also pulled the S&P lower even as yields on long-term U.S. government debt remained near record lows.

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Blockchain: the answer to life, the universe and everything?

The blockchain was developed as a means of creating digital property without the need for a central authority keeping track of who owns what. Photograph: Jacob Carter/Rex/Shutterstock Image: The blockchain was developed as a means of creating digital property without the need for a central authority keeping track of who owns what. Photograph: Jacob Carter/Rex/Shutterstock

theguardian.com - July 7th 2016 - Alex Hern

Have you heard the good news? The blockchain is here – and it’s going to save everything.

If you aren’t tied to the tech community, you might not have picked up on this salvation rhetoric.

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