Oil tops $130 haunted by future supply worry
May 21, 2008 09:34 AM - Reuters

Oil climbed to a life-time high above $130 a barrel on Wednesday, driven higher by a combination of long-term production worries and a near-term focus on tight fuel stocks. A U.S. government report later on Wednesday was expected to show crude inventories rose for a fifth straight week.

Mechanical Fin Power: Oceanic Power Generation
May 21, 2008 09:29 AM - , Triple Pundit

Tim Finnigan, a professor of ocean engineering at the University of Sydney in Australia designed a radical oceanic energy collector inspired by the design of shark tails. Mimicking the successful evolutionary design of the fish species, he constructed a device that seizes the power of the sea. “I realized the systems that function the best are the ones that already exist there,” said Finnigan.

Conserve gasoline - Digital Fuel Mizer
May 21, 2008 09:27 AM - , The Alternative Consumer

Do you have a backseat (or front seat) driver who harps on your lead-footed, gas guzzling driving behavior? Well here’s a gadget that will do the harping with a lot more accuracy and much less yammering. The Digital Fuel Mizer gives you an audio and visual alert when you accelerate or brake inefficiently.

Mixed feelings for Pakistan environmental assessments
May 21, 2008 09:25 AM - , SciDevNet

The practice of carrying out Environmental Impact Assessment (EIA) reports is gaining ground in Pakistan, experts say, although questions about their quality remain. EIAs evaluate the biological, cultural, socioeconomic and environmental impacts of projects on the environment.

Peak Oil and Corporate Control of Oil Resources
May 21, 2008 09:21 AM - , Organic Consumers Association

Never have so many oil and gas companies spent so much to produce so little. That's the challenge facing Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Chevron Corp., Total SA and ConocoPhillips, which will spend a record $98.7 billion this year on exploration and production, Lehman Brothers Holdings Inc. estimates. Costs more than quadrupled since 2000 as explorers targeted more challenging reservoirs and demand rose for labor and material.

Honda to roll out cheap new hybrid model in early '09
May 21, 2008 03:53 AM - Reuters

TOKYO (Reuters) - Honda Motor Co <7267.T> said on Wednesday it would launch a new, low-cost hybrid car in Japan, North America and Europe in early 2009 as it seeks to cut the lead of Toyota Motor Corp <7203.T> in the green car race. Despite the pressure of record-high oil prices and concerns over climate change, fuel-efficient and low-emission hybrids still occupy a small niche in the global car market, partly due to their higher costs for both consumers and automakers.

Unless You Are Clean Tech, VCs Likely Not Investing
May 20, 2008 08:42 AM - Scott Badenoch, Triple Pundit

Kleiner Perkins, the monolith of venture capital, released a 1.2B dollar green fund, and yet, what is the likely result? Clean tech companies getting big, fat, juicy checks. Mind you, one of these clean tech ideas will revolutionize the way energy is produced and therefore help to transform our society, but isn’t there more to “green” than energy generation and storage? The question on my mind is whether VCs are genuinely good for the sustainability movement, outside of the clean tech arena. The answer: probably not. If you’re a clean tech company, possibly. If you have a truly altruistic company that shouldn’t have a 3 year horizon on an investment, emphatic no.

Hydrogen fuel cells are future, says WWM boss

USING fuel cells powered by hydrogen will help the next generation of harbour tugs to cut emissions, according to Michiel Wijsmuller, managing director of WorldWise Marine Engineering (WWM). Part of the Offshore Ship Designers group, WWM is working with tug operators Ijmuiden-based Iskes and Rotterdam-based Smit to develop a 50 tonne bollard pull harbour tug that will have zero emissions when on standby and very low emissions in service.

Exxon facing shareholder revolt over approach to climate change
May 19, 2008 08:50 AM - Andrew Clark at

A shareholder revolt at ExxonMobil led by the billionaire Rockefeller family has won the support of four significant British institutional investors who will call on Monday for a shakeup in the governance of the world's biggest oil company.

Energy Efficiency: Overlooked and Misunderstood

U.S. energy consumption at the end of 2008 is expected to total half of the energy consumed in 1970, according to a new report. Yet the success in energy efficiency during the last 30-plus years has been paid little homage, and future gains are threatened by inaction, says “The SIze of the U.S. Energy Efficiency Market: Generating a More Complete Picture” from the American Council for an Energy-Efficient Economy.

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