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News & Updates
July 12, 2012 OPEC sees 2013 oil demand growth slowingSource: Reuters
World oil demand growth will slow in 2013 from the already weak 2012, OPEC said on Wednesday, citing Europe's debt worries, a faltering U.S. economic recovery and deceleration of growth in emerging markets.
July 11, 2012 Carbon: The Biggest Overlooked Fossil Fuel SubsidySource: Think Progress
The International Energy Agency (IEA) made headlines recently by concluding that fossil fuels received far more global subsidies than renewable energy in 2010. However, it appears that the IEA survey only included data from the...
July 11, 2012 BP eyes wind, biofuels in alternative energySource: MarketWatch
WASHINGTON — The head of BP’s alternative-energy business on Tuesday said biofuel and wind are the stars of the field as the firm ramps up its presence. Katrina Landis, CEO of BP’s (US:BP) (UK:BP.) alternative energy business,...
July 11, 2012 Duke Energy board unhappy with "autocratic" JohnsonSource: Reuters
Duke Energy Corp directors grew increasingly worried about Progress Energy Chief Executive Bill Johnson's "autocratic" management style and lacked confidence he could lead the largest U.S. utility, Duke CEO Jim Rogers told North...
July 11, 2012 Conservation groups sue over Arctic spill plansSource: MSNBC
JUNEAU, Alaska — A coalition of conservation groups sued the federal government Tuesday over its approval of oil spill response plans for an Arctic Ocean drilling program. The lawsuit does not seek to block Shell Oil from...
July 10, 2012 Patriot Coal Files for Bankruptcy ProtectionSource: BusinessWeek
Patriot Coal Corp. (PCX) (PCX) filed for bankruptcy after milder winters and a shift to natural gas sent coal demand to a 24-year low. The company’s Chapter 11 petition listed $3.57 billion in assets and $3.07 billion in debts....
July 10, 2012 Pennsylvania Fracking Can Put Water at Risk, Study FindsSource: BusinessWeek
Hydraulic fracturing for natural gas in Pennsylvania may contaminate drinking-water supplies, a study by Duke University professors concluded.
Source: PC World
Smart grids, upgraded versions of electricity networks with two-way digital communication, should make the European energy system more efficient. But their dependency on computer networks, applications and the Internet makes...
Germany plans talks with other European Union countries about the bloc’s long-term climate goals and expects “intensive” discussions on the EU carbon-cut pathway in autumn, Environment Minister Peter Altmaier said.
SANTA BARBARA, CA -- Carbon Sciences Inc, the developer of a breakthrough technology to make transportation fuels and other valuable products from natural gas, today announced that the company's clean CO2-based technology could...
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