28 October 2015, Climate Home, Australia PM Turnbull stands by coal amid moratorium calls. Recently annointed prime minister is defending mine expansion plans, to the ire of Pacific neighbours and climate campaigners. When Malcolm Turnbull ousted Tony Abbott as prime minister last month, climate watchers were hopeful he would reverse Australia’s coal-friendly stance. There was some sign of that this week, as newly appointed chief science advisor Alan Finkelenvisioned a world free of fossil fuels. Yet it has been business as usual for the country’s bullish mine expansion plans, which threaten international climate goals. That is despite 61 prominent Australians, from rugby player David Pocock to Nobel laureate Peter Doherty, backing Pacific islanders’ calls for a moratorium. Dismissing the idea, Turnbull told national journalists: “Coal is a very important part, a very large part, the largest single part in fact, of the global energy mix… and likely to remain that way for a very long time.” He variously argued that coal-fired power would reduce poverty in developing countries and that if Australia stopped exporting the black stuff, others would. “It would make not the blindest bit of difference to global emissions,” the Guardian reported him saying. Read More here
Category Archives: The Mitigation Battle
19 October 2015,ENOVA, Australia’s First Community-Owned Energy Retailer Awarded Licence. Enova Community Energy has moved one step closer to becoming Australia’s first community-owned energy retailer. On Friday 16 October, the Australian Energy Regulator (AER) approved Enova’s application for a retail licence, subject to completion of Enova’s current capital raising by late November. The approval means that when Enova succeeds in raising the necessary capital, it can get down to business in the Northern Rivers region of New South Wales, with its groundbreaking business plan that could change the way energy is marketed. Read more here
16 October 2015, The Telegraph, Arctic offshore drilling to be cut back as US says it will not issue new leases. US decision to cancel future lease sales follows decision by Royal Dutch Shell to stop exploration in Chukchi and Beaufort seas. The Interior Department announced Friday it is cancelling future lease sales and will not extended current leases in Arctic waters off Alaska’s northern coast, a decision that significantly reduces the chances for future Arctic offshore drilling. The news follows a Sept. 28 announcement by Royal Dutch Shell that it would cease exploration in the Chukchi and Beaufort seas after spending upward of $7 billion on Arctic exploration. The company cited disappointing results from a well drilled in the Chukchi and the unpredictable federal regulatory environment. Interior Secretary Sally Jewell said the federal government is cancelling federal petroleum lease sales in U.S. Arctic waters that were scheduled for 2016 and 2017. “In light of Shell’s announcement, the amount of acreage already under lease and current market conditions, it does not make sense to prepare for lease sales in the Arctic in the next year and a half,” she said in a statement. Read More here
16 October 2015, BBC News, Paris climate summit: Major oil producers back ‘effective’ deal. The leaders of 10 of the world’s biggest oil companies have offered their qualified support for a new global treaty on climate change. The producers of 20% of the world’s oil and gas say they share the ambition to limit warming to 2C. They promise to work to reduce the greenhouse gas intensity of the global energy mix. But green groups were dismissive, saying that “arsonists don’t make good firefighters”. The Oil and Gas Climate Initiative represents major producers including BP, Shell, Saudi Aramco and Total among others….However the group of 10 does not include major US oil companies such as Exxon and Chevron. Environmental campaigners were quick to pour scorn on the oil and gas producers’ initiative, saying it would do little to aid the decarbonisation of the global economy. “The oil companies behind this announcement have spent years lobbying to undermine effective climate action, each and every one of them has a business plan that would lead to dangerous global temperature rises, yet suddenly they expect us all to see them as the solution, not the problem,” said Charlie Kronick from Greenpeace. “The world should thank them for their offer of advice but politely turn it down. Arsonists don’t make good firefighters.” Read More here