Once again, fracking dominates British headlines...
UK
FT Editorial: "Make haste slowly on shale"
The
Financial Times calls for a pause in Balcombe, saying "there is no
point in forcing the first wells on those who are opposed." In order for
the industry to move forward it believes it's best to continue
operations in a different location, "where drilling would have less
impact and enjoy more support."
Communities should be paid for renewables
MPs
believe that communities should be paid for allowing wind turbines and
solar panels on public buildings. This could come either in the form of a
cut in electricty bills or a stake in the ownership of renewable energy
developments in their area, says the Energy and Climate Change
Committee.
Investors concerned governments not tackling climate change
Fund managers says government environment policies are so “inadequate and inconsistent” that jobs and pensions are being put at risk across the world. They are calling on the UK to lead the green policy debate in Europe.
David Cameron supports fracking
A spokesman for the Prime Minister says Cameron supports energy minister Michael Fallon's statements on Sussex fracking and that more should be done to promote the “exciting” potential shale gas offers for energy security, jobs and growth.
Osborne warns he'll fight anti-fracking Tories
Chancellor
George Osborne says it would be a real tragedy if Britain allowed the
shale revolution to bypass the UK and warns he will fight any Tory
backlash against fracking as the prospect of wavering Tory consensus on
shale might begin.
The Co-op backs anti-fracking movement
The
Co-op supermarket and bank becomes the second major High Street name
alongside Lush to announce it is against fracking. To demonstrate this
commitment it has commissioned research into the impact of fracking and
has organised screenings of an anti-fracking documentary.
WORLD
Radioactive water spilling at Fukushima an 'emergency'
The Japanese nuclear regulator has said the highly radioactive water spilling into the ocean is an emergency as it is exceeding legal limits of radioactive discharge.
FT: Utilities need new business models
Energy
companies are being forced to change business models in the face of
increased industry regulation and generation from distributed renewable
energy.
Norway tests experimental carbon capture and storage
The Norwegian energy company Statoil has started testing its Mongstat carbon capture plant. The technology centre will be testing two types of carbon capture equipment on two types of exhaust.
Turkish Petroleum Corporation on hydrocarbons
The
potential for unconventional hydrocarbon was discussed by the CEO of
Turkish Petroleum Corporation at the World National Oil Companies
Congress. The annual Congrees sees leaders of the world’s NOCs discuss
the future of the oil and gas business.
Shell arctic spill plans upheld
A federal judge has ruled that Shell's oil spill plans for drilling in Alaskan waters don’t violate environmental laws.
