User: newstrust Topic: Green Technology
Category: Businesses
2 new since Sep 03 2015 16:52 IST RSS 2.0
 
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Fossil fuel bosses' soaring pay may spell trouble for the climate – and their firms 3.9.2015 Guardian: Environment

It may be time for oil and gas firms to take a hard look at their compensation practices, whether to save the environment or themselves

Anyone who watched the shenanigans on Wall Street in the years leading up to the 2008 financial crisis couldn’t have been left with much doubt: poorly designed compensation policies that encouraged greed and discouraged fear were partly responsible for the near-collapse of the entire financial system.

Can similar compensation policies in the oil and gas sector be held responsible for climate change? It’s a provocative question, especially as Barack Obama wraps up his three-day trip to Alaska.

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Morrisons shares higher amid takeover speculation 3.9.2015 The Guardian -- Front Page

South African businessman Christo Wiese appears to raise the idea of an expansion of his Brait investment vehicle into the UK supermarket sector

Speculation about a wave of takeovers in the supermarket sector has helped fuel a near 5% rise in the shares of Morrisons.

Morrisons’ shares rose 7.5p, more than 4% higher, to 170p amid the takeover talk and alongside an upgrade on the shares from brokers at UBS from sell to neutral.

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Swansea Bay tidal energy scheme strives to generate waves of optimism 2.9.2015 Guardian: Environment

Critics have dubbed it Britain’s ‘pottiest’ renewable energy plan, but supporters of the controversial tidal lagoon project say it can revitalise the area

Tyrone O’Sullivan is not an obvious evangelist for the vast Swansea Bay tidal lagoon project, lauded by its developers as world leading but dismissed by one critic as Britain’s “pottiest ever” renewable energy project.

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An app that tells you when the traffic light ahead is going to change 2.9.2015 Boston Globe: Latest
An app that tells you when the traffic light ahead is going to change
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Eggborough power station to close 2.9.2015 The Guardian -- Front Page

Czech owners to pull plug on coal-fired plant in North Yorkshire that provides enough electricity for two million homes

The Department of Energy and Climate Change (DECC) has insisted there is no danger of the country’s lights going out after the Czech owners of one of Britain’s biggest power stations announced its closure.

Officials tried to reassure businesses and the public after they learned they would lose the 4,000 megawatts from the Eggborough plant in North Yorkshire at a time when spare power capacity at peak times is set to reach zero.

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Fat cat pay at fossil fuel companies drives climate crisis – report 2.9.2015 The Guardian -- World Latest

Huge CEO salaries at US firms incentivise expanding carbon reserves but not moves towards clean energy, says thinktank

Executive pay at fossil fuel companies rewards corporate behavior that deepens the climate crisis, and offers no incentive to shift towards renewable energy, a Washington thinktank said on Wednesday.

Executives at the 30 biggest publicly held coal, oil and gas companies in the US were paid more than leaders of other major corporations, about 9% higher than the S&P 500 average, the Institute for Policy Studies (IPS) found.

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How Charles Koch Prevents Clean Energy Businesses From Succeeding 2.9.2015 Truthout - All Articles
The Kochs use their political influence and funding for efforts to repeal laws designed to support the deployment of more renewable electricity. (Photo: Air pollution via Shutterstock) Last week, President Obama correctly singled out the Koch brothers - Charles and David - and the Koch-funded network for standing in the way of America's clean energy future. Charles Koch responded saying he was "flabbergasted" after hearing Obama's remark. He continued, "We are not trying to prevent new clean energy businesses from succeeding." This statement is, at best, highly misleading. Charles Koch states that he believes government should be smaller and it should not subsidize businesses, including any form of energy business. But while he acknowledges that the fossil fuel businesses he owns benefit tremendously from government subsidies, he doesn't refuse those benefits or do anything to stop those policy choices.  Meanwhile, the Kochs use their political influence and funding for efforts to repeal laws designed to ...
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Was the Katrina Oil Spill Disaster a Harbinger for the Atlantic Coast? 2.9.2015 Truthout - All Articles
When Hurricane Katrina hit the US Gulf Coast 10 years ago, it set off a disaster of many parts - and one of those parts was an oil spill catastrophe. In fact, Katrina turned out to be the worst US oil spill disaster since the 1989 Exxon Valdez tanker spill in Alaska. The storm resulted in an estimated 8 million gallons of oil spilled onto the ground and into waterways from Louisiana to Alabama. Both of those incidents have since been surpassed by the 2010 BP spill in the Gulf, which affected some of the same areas as the Katrina spill. The Katrina oil disaster offers important lessons for residents of the Atlantic Coast - another hurricane-vulnerable region that may soon be opened to offshore drilling. Federal regulators are now considering whether to include an area 50 miles off the coast from Virginia to Georgia in the 2017-2022 Outer Continental Shelf drilling lease plan . Katrina made its initial landfall in southeastern Louisiana in Plaquemines Parish, a center of the oil industry, as a Category 3 ...
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Britain’s farmland has become a tax haven. Who dares reform it? | Peter Hetherington 2.9.2015 The Guardian -- Front Page
With soaring prices and generous tax breaks, speculation on agricultural land is putting housing development at risk. The Scottish government could offer a fairer way forward to end this abuse Land in Britain has become the safest investment for those with a few spare millions to offload. Prices are up by a staggering 277% in a decade, according to Savills market survey of UK agricultural land 2015 . Prime London property has risen by a mere 127% in the same period. Taking a cue from Mark Twain – “buy land, they’re not making it anymore” – institutions and the rich are queueing up to get their hands on the country’s most basic resource. When a property developer last year offered David Archer £7.5m for Brookfield Farm, in fictional Ambridge, the long-running BBC Radio 4 drama faithfully reflected the direction of prices for prime farmland. In the 1994-2004 decade they rose by just 41%. Brookfield was then valued at a mere ...
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PG&E wants to boost revenue by $2.7 billion, pushing up bills 2.9.2015 SFGate: Business & Technology
Pacific Gas and Electric Co. on Tuesday asked state regulators for permission to collect an extra $2.7 billion from its customers over the course of three years, using the money for technology upgrades and improved disaster response. If the California Public Utilities Commission approves it, monthly bills for a typical PG&E residential customer would rise about $4 in 2017. California utilities regularly file three-year revenue requests, formally known as general rate cases, with the commission. In July, the utilities commissioners made fundamental reforms to the way they calculate rates, narrowing the difference between electricity prices paid by people who use large amounts of power versus those who use the least. The extra money would fund smart-grid technology to help integrate rooftop solar power into the utility’s grid, construction of a backup control center for natural gas operations and faster response times to complaints of possible gas leaks, according to the company. “PG&E’s been playing ...
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Thomas Edison Was Right About Solar Power 1.9.2015 Truthout - All Articles
It's time to tap the earth's inexhaustible sources of energy in the nuclear fusion reactor 93 million miles away that we call our sun. (Image: Solar power via Shutterstock) Famed inventor Thomas Edison brought us electric lights, phonographs, movies and even the first research and development laboratory. But in 1931, he also was one of the first promoters of renewable energy - especially solar. That year, he described our approach to energy to two industry magnates of the day: Henry Ford and Harvey Firestone. He told them, "We are like tenant farmers chopping down the fence around our house for fuel when we should be using nature's inexhaustible sources of energy - sun, wind and tide." That was more than 80 years ago and we're still living the same way. See more news and opinion from Thom Hartmann at Truthout here. In 2014, just over 13 percent of US electricity production came from renewables in some form or another. That's not terrible, but it means that we're still getting nearly 90 percent of our ...
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Fight To Save The Sage Grouse Finds Friends In All Corners Of The West 1.9.2015 NPR News
The U.S. Fish and Wildlife Service will decide whether to list the greater sage grouse as endangered. Many groups, including some oil and gas firms and a conservation group don't want that to happen.
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Promised You a Miracle: UK 80-82 review – a brave new world 1.9.2015 The Guardian -- Front Page
An account of England’s rebirth after the grim reality of the 1970s throws up constant parallels with life in 2015 The 1970s were “failure time for Britain”. The words are those of an astute adman who devised the Austin Metro launch of 1980, a brouhaha of flag-waving, commercialised nationalism that caught the hankering to end the defeats, discomforts and grievances of the tawdry, stop-go 1970s. Andy Beckett’s new book – studded with revealing interviews and thoughtful profiles from the early 1980s – evokes and explains the Austin Metro moment in 20th-century history. Politicians, capitalists, socialists, film-makers, peace activists, royalists and rioters were groping their way towards a new version of England; the truth is that Scotland does not matter much in Beckett’s account and Northern Ireland was a different story. He shows how an exasperated population itched for institutional change. In addition to the Austin Metro publicity, there was the upbeat revivalism of Diana Spencer’s wedding to Prince ...
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Obama using Alaska to add urgency to his climate change warnings 1.9.2015 Washington Post: Politics
Obama using Alaska to add urgency to his climate change warnings
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How diesel can be made from air 1.9.2015 BBC: Technology
The tech turning carbon dioxide into cleaner fuel
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Obama will be focusing on climate change when he arrives in Alaska today 1.9.2015 LA Times: Top News
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Exelon, Pepco to push for merger, despite roadblock 31.8.2015 Chicago Tribune: Business
Chicago-based nuclear power giant Exelon and Pepco Holdings said Monday they will push for a merger despite a ruling last week by regulators in the nation's capital that blocked the proposed $6.9 billion ...
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General Mills pledges to cut carbon emissions by nearly 30 percent 31.8.2015 Minnesota Public Radio: News
The Golden Valley-based food company says among other things, it'll invest $100 million in clean energy and energy efficiency for its facilities.
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India, South Korea plan $10 billion e-park in Iran 31.8.2015 New Kerala: World News
Tehran, Aug 31 : A consortium of Iranian, Indian and South Korean companies seeks to set up an energy park in Iran's Khuzestan province in a project worth $10 billion, the media reported on Monday.
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Essential California: What's on the line if L.A. gets the Olympics 31.8.2015 LA Times: Commentary
Good morning. It is Monday, Aug. 31. Vin Scully, the voice of the Dodgers, will be back for a 67th season. Here's what else is happening in the Golden State:   Subscribe to the newsletter TOP STORIES Olympic finances Will Los Angeles taxpayers be on the hook for the 2024 Olympics if L.A. is the...
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