Energy

Tokyo seen eyeing China's carbon credits
January 3, 2008 08:05 AM - Reuters

Japan is planning to buy up carbon credits yielded by its investments in emissions-cutting projects in China, a newspaper said on Thursday. The two governments agreed the deal on Wednesday and will formally sign it when President Hu Jintao visits Japan, probably in late March, the Yomiuri Shimbun said.

MMS to hold oil lease sale in Alaska's Chukchi Sea
January 2, 2008 05:35 PM - Reuters

ANCHORAGE, Alaska (Reuters) - The U.S. Minerals Management Service said Wednesday it will offer oil and gas exploration rights next month to 29.7 million acres in the remote Chukchi Sea off northwestern Alaska. The decision to hold the February 6 lease sale, the first in the Chukchi since 1991, comes days before the U.S. Fish and Wildlife Service will decide whether to list the polar bear as threatened and has drawn fire from environmentalists seeking to limit oil development in the area.

Oil hits record $100
January 2, 2008 12:42 PM - Reuters

NEW YORK (Reuters) - Oil vaulted to a record $100 a barrel on Wednesday as geopolitical turmoil, tight energy stockpiles, and a weak dollar triggered a flood of speculative buying, dealers said. U.S. crude gained $4.02 to $100 a barrel by 12:13 p.m. EST. London Brent crude rose $3.63 to $97.48. "It is a combination of things ... a weaker dollar -- on expectations of further interest rate cuts -- and Nigeria," said Nauman Barakat of Macquarie Futures USA.

UK seen giving green light to new nuclear plants
January 2, 2008 08:38 AM - Reuters

LONDON (Reuters) - Britain is expected to give the go-ahead to a new generation of nuclear power stations next week, sparking a frenzy of deal-making by nuclear firms as well as a fresh challenge from environmental campaigners. "I don't think the government has any other option," said analyst David Cunningham at Arbuthnot Securities. "It's a necessary evil."

India to provide subsidy for solar power plants
January 2, 2008 04:24 AM - Reuters

India will subsidize the running of solar power plants to help develop a renewable energy infrastructure, where high costs can be prohibitive, the minister for renewable energy said on Wednesday. Renewable energy accounts for about 7.5 percent of India's installed generation capacity of 127,673 MW, a rate that compares favorably with much of the rest of the world.

Cyclone veers away from Australia's northwest coast
January 1, 2008 09:23 PM - Reuters

SYDNEY (Reuters) - Oil companies have begun to resume production in Australia's remote northwest coast after government meteorologists on Sunday cancelled a cyclone warning for category two tropical cyclone Melanie. The bureau cancelled cyclone warnings along the coast as Melanie, packing winds of up to 150 kph (94 mph), was moving away from the coast and was expected to remain offshore, it said on its Web site (www.bom.gov.au).

Beijing introduces cleaner fuel standards
January 1, 2008 08:36 PM - Reuters

BEIJING (Reuters) - China has introduced cleaner fuel standards in its capital Beijing, its latest effort to curb the city's notorious pollution ahead of the Olympic Games in August. Under the new standards, retailers will be required to supply gasoline and diesel equivalent to the Euro IV standard, a move that will cut emissions of acid rain-causing sulphur dioxide by 1,840 tonnes, the China Daily said on Wednesday, citing Beijing's Environmental Protection Bureau.

Solatubes: Power-free lighting solution
January 1, 2008 11:15 AM - , Triple Pundit

If you're looking for an innovative and highly energy efficient daylighting system, Solatube may be the answer. These sunlight tubes combine art and science to provide beautiful and functional daylighting. This technology has actually been tauted as one of the most technologically advanced daylighting products available today. The combination of creative component integration along with a sleek design provides an abundance of pure, clean and natural light for any interior space.

Nobel Expert: Car Industry Can Reach, Exceed New Standards
December 31, 2007 10:54 PM - UC Davis, Newswire

Davis California - UC Davis auto fuels authority Daniel Sperling says that despite years of automakers "kicking and screaming" about the new mileage standards that Congress set this week, the industry should be able to reach -- even exceed -- 35 mpg by 2020.

Utilities Remind Customers: Protect Home From Carbon Monoxide
December 31, 2007 10:07 PM - Paul Schaefer, ENN

SAN FRANCISCO - Many customers are turning gas furnaces on to stay warm as cold winter weather arrives in force. The west coast utility Pacific Gas and Electric Company reminds customers nationwide to make sure all gas furnaces and appliances inside the home are in proper working order. Gas appliances that do not burn properly can produce unsafe concentrations of carbon monoxide, a colorless, tasteless and odorless gas that can cause serious illness and even death if not detected.

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