Energydesk
Documents show Shell objected to EU oil market regulation
Documents seen by The Telegraph and obtained by Energydesk suggest the oil giant successfully lobbied against regulation of the European oil market and rules to prevent insider trading.
The revelations come as Shell prepares for its annual general meeting amidst an investigation into oil market manipulation. Search the documents online (above) or read Seth Freedman’s analysis here.
UK
Mail: Cabinet ministers face fracking in constituencies
The Daily Mail picks up on our story from yesterday reported in the FT which showed where fracking is likely to take place in the South East. For the full data and a google map go to our data page here.
Interest groups lobbying against climate change action - Davey
It’s a claim one would expect from environmental campaigners, but this time it was Energy Secretary Ed Davey who argued that “vested interests” supported by sections of the media were behind a recent uptick in scepticism about climate change. Presumably those ‘vested interests’ are in touch with him on a fairly regular basis – care to share?
Boost for renewable heat
Households are to get more money for biomass boilers and heat pumps– after ministers admitted the take-up of incentives to install new boilers had been disappointingly low. The government plans subsidies for energy produced from ‘renewable heat’ like biomass – but these have been delayed and temporarily replaced with money off vouchers.
MP calls for return of UK coal
A backbench Tory MP, Mark Reckless, is to table an amendement to the government’s energy bill suggesting that emissions limits be scrapped so the UK can take advantage of ‘cheap coal’ in its power sector.
World
China considers emissions cap
Point Carbon reports that China is considering an absolute cap on its emissions. Previously the economic giant has talked only in terms of carbon intensity targets.
End to solar panel dispute?
The US and Europe could be inching away from the brink of a trade war with China according to the New York Times. The paper reports that the three blocs are working on a plan to divide the global solar panel market into a series of regional markets. The move would still increase global panel costs but requiring Chinese firms to charge more whilst limiting the number of panels they could sell.
Turkey invests big in Nuclear
Germany’s DW website reports on Turkey’s plans to build three new nuclear power stations but investment in wind and solar power is being held up by bureaucracy.
Poland runs into trouble on shale
Bloomberg reports that only 2 wells out of 39 planned have been drilled so far this year as the government moves to increase taxes on the sector to close to 80% of profits. The story quotes analyst Tom Maj ““What’s been done here is what Poles call dividing up the bear hide before you’ve shot the bear.”
