Category Archives: The Mitigation Battle

PLEA Network

18 January 2016, The Conversation, Heading north: how the export boom is shaking up Australia’s gas market. You might have missed it, but last month something unusual happened in Australia’s eastern gas market. Gas in a major pipeline that normally flows from north to south started flowing in the opposite direction for the first time. This seemingly small change reflects big upheavals in Australia’s gas market as exports expand significantly. At Gladstone, Queensland, coal seam gas companies have invested around A$80 billion in equipment to chill gas to -160℃ and convert it to liquefied natural gas (LNG). This liquefied gas is then loaded onto ships and sold to overseas customers. Exports are well underway with over 80 70,000-tonne LNG cargoes loaded in 2015. As shown in the following chart, eventually three times as much gas will be exported from Queensland in the form of LNG each year as has historically been used in all of eastern Australia. Read More here

 

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15 January 2016, Renew Economy, Australia snubs 1st major post-Paris summit after killing renewables target. ABU DHABI: Australia has chosen not to send any government representatives to the first major post Paris climate change conference, as new data confirms how the Coalition government has effectively killed the renewable energy target as an effective policy mechanism. In 2015, the world invested a record $US329 billion in renewable energy. But in Australia, the RET – the country’s primary policy mechanism – has attracted just $15 million in investment in nearly two years. The data, from Bloomberg New Energy Finance, confirms that since the Abbott government announced its review into the RET in early 2014, the scheme has been at a standstill. That remains the case – even though renewable energy certificates have jumped to record levels of $74/MWh –  because utilities and financiers refuse to sign contracts, due to the lack of policy certainty and because they believe that the Coalition could change the target again. Indeed, more than half Australia’s investment in renewable energy in 2015 (of $A4.1 billion) comes from households and businesses, who spent $2.2 billion in 2015 adding rooftop solar PV to their home and commercial premises. Read More here

bloomberg australia renewables

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14 January 2016, Yale Connections. Activist’s ‘Long-Haul’ Climate Campaign. A veteran reporter on climate issues provides a glimpse into a corporate responsibility activist’s efforts during the recent Paris climate conference. the Paris climate conference got under way last December, Jesse Bragg introduced himself to me on a crowded shuttle bus between the converted airplane hangers where negotiators were meeting. He’d read my ID badge and noticed that I was from Boston. He said that he worked at Corporate Accountability International’s headquarters in downtown Boston. We soon realized we live just miles apart. Each of the nearly 200 national delegations needed many staff members. The number of delegates registered from the US – including four cabinet secretaries and more than a dozen senators – filled four pages of the official roster.I’d never heard of Corporate Accountability International, nor of its mission – to make private corporations answerable to public institutions. But the encounter gave me the chance to satisfy a curiosity. With more than 30,000 visitors expected at the conference and sitting through nearly 3,000 meetings and drinking some 71,000 cups of coffee – what were they all doing? Even tiny Haiti, among the world’s poorest nations, listed 15 delegates. All told, governments had sent 19,200 representatives to Paris. Altogether, media organizations had dispatched nearly 2,800 journalists. I understood roughly why these people were there. But what about the 8,300 “observers,” including industry and nongovernmental organization representatives? Jesse was one of them, and I asked about his plans in the coming 10 days. We agreed to meet the following morning. Job description: Expose transnationals’ ‘abuses’. Read More here

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14 January 2016, Energy Post, The oil pricequake will doom the global political order. Given the centrality of oil and oil revenues in the global power equation, it is inevitable that depressed oil prices will doom the current global political order, writes Michael T. Klare, a professor of peace and world security studies at Hampshire College. Political turmoil is already raging across the oil heartlands of the planet – and the tremors from the oil pricequake have yet to reach their full magnitude, notes Klare. As 2015 drew to a close, many in the global energy industry were praying that the price of oil would bounce back from the abyss, restoring the petroleum-centric world of the past half-century.  All evidence, however, points to a continuing depression in oil prices in 2016 – one that may, in fact, stretch into the 2020s and beyond.  Given the centrality of oil (and oil revenues) in the global power equation, this is bound to translate into a profound shakeup in the political order, with petroleum-producing states from Saudi Arabia to Russia losing both prominence and geopolitical clout. To put things in perspective, it was not so long ago – in June 2014, to be exact – that Brent crude, the global benchmark for oil, was selling at $115 per barrel.  Energy analysts then generally assumed that the price of oil would remain well over $100 deep into the future, and might gradually rise to even more stratospheric levels.  Such predictions inspired the giant energy companies to invest hundreds of billions of dollars in what were then termed “unconventional” reserves: Arctic oil, Canadian tar sands, deep offshore reserves, and dense shale formations. It seemed obvious then that whatever the problems with, and the cost of extracting, such energy reserves, sooner or later handsome profits would be made. It mattered little that the cost of exploiting such reserves might reach $50 or more a barrel. Read More here