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juliusbeezer : fossil-fuel   10

While the planet burns, Ohio's coal industry gets a bailout | Leah C Stokes | Opinion | The Guardian
These companies have spent several million dollars on deceptive advertising, lobbying and campaign contributions to help elect politicians sympathetic to their cause.

In return, these politicians have proven dutiful beneficiaries, working diligently to secure almost a billion dollars of ratepayer subsidies for FirstEnergy and AEP.

As lobbying goes, not a bad return on investment.

This isn’t just happening in Ohio. Utilities across the country are pushing to delay climate action and stall the growth of renewables, which are already a cheaper source of electricity than continuing to operate three-quarters of US coal plants.
climatechange  us  politics  fossil-fuel 
7 weeks ago by juliusbeezer
IEEFA Germany: RWE’s coal phaseout compensation demands defy market prices - Institute for Energy Economics & Financial Analysis : Institute for Energy Economics & Financial Analysis
If market price is the benchmark for compensating the early closure of coal assets, then recent deals indicate that Germany’s coal and lignite power plants and mines have very low value, and make a mockery of compensation claims by Germany’s biggest utility, RWE, under the country’s pending coal phaseout plan.

RWE says it wants to be compensated for the premature closure of its coal power plants in line with the most generous pay-outs of the past, a position that ignores the darkening outlook for coal mining and generation, and which pits the company against genuinely affected mining communities for precious taxpayer funds.
energy  fossil-fuel  renewables  economics  finance 
february 2019 by juliusbeezer
Liebreich: In Energy and Transportation, Stick it to the Orthodoxy! | Bloomberg NEF
The Orthodoxy Window is maintained by a whole ecosystem of supposed thought-leaders, all trying their hardest to avoid having to think uncomfortable thoughts. Industry bodies trumpeting the world’s vital interest in protecting fossil-fuel- and diesel-engine-producing incumbents; respected analysts who are nothing but oil industry shills; right-wing commentators who talk like libertarians but walk like corporatists; bloggers and Twitterati, whose certainty that the energy and transport sectors can never change is inversely proportional to their knowledge. Pity the general public, correctly wary of wrenching change, threatened by this mob each time they think of peeking outside the Orthodoxy Window...

However, there is much more to do. In too many areas the Orthodoxy Window is still tightly shut. For instance, the majority of people I meet still believe the following: the cost of managing intermittency is prohibitive; demand rebounds to eat all the benefits of energy efficiency; industrial processes are inevitably lumbering, inflexible and fossil-fuel powered; long-distance freight can only be carried by dense liquids; those lacking modern energy services would be better off waiting for a centralized grid, rather than using distributed solutions today; advanced biofuels will never work; the answer to every long-term question is hydrogen; self-driving cars will eat the world; England will never win another football World Cup.
energy  fossil-fuel  renewables  politics  agnotology  economics  oil 
february 2019 by juliusbeezer
UK taxpayers to spend at least £24bn cleaning up after oil companies in the North Sea
Taxpayers are liable for the costs of decommissioning in the North Sea through significant tax reliefs granted to oil companies by HMRC, which allows operators to deduct up to 75 per cent of their spending on decommissioning from their tax. This can include reclaiming corporation tax paid since 2002. The government is also liable for the total cost of decommissioning oil rigs owned by operators that go bankrupt, or lack the funds to decommission them themselves.

The Oil and Gas Authority (OGA) told the NAO that the total cost of decommissioning the North Sea’s oil and gas infrastructure could be up to £77bn. HMRC’s current estimate of the cost to the public through tax relief is £24bn, including £12.9bn in repayments of taxes previously collected.
fossil-fuel  oil  politics  tax  uk  environment 
february 2019 by juliusbeezer
A view from the cycle path: electric cars
It made me think: what exactly have we bought today ? Our tank full of fuel came to a bit more than 36 and a half litres. 36.5 l of petrol weighs about 26 kg. Burning that one tank full of petrol will put about 84 kg, a little more than my own weight, of CO2 into the air. That's the effect from just one tank full of petrol, which according to the manufacturer is supposed to be enough to drive around 500 km.

Petrol is amazing stuff. It has an energy content of 9.7 kWh per litre, so today we bought 355 kWh of energy for our 53 euros. The car consumes about 0.7 kWh produces 0.17 kg of CO2 per km driven.

A few years back, someone who set a world record by cycling over 1000 km in 24 hours calculated that his average power output was about 115 W for the entire 24 hours. That's someone at the absolute peak of what is possible, and his body generated about 2.7 kWh over a 24 hour period.

In light of this, I think it's reasonable to say that an averagely strong person doing an 8 hour shift at a physically demanding job would expend no more than 1 kWh per day at work, so we could say that in our tank full of petrol we've bought the equivalent of someone working hard nearly every day for an entire year, including weekends and almost all holidays. This cost just 53 euros. That really is a bargain.
driving  fossil-fuel  energy  cycling  transport 
november 2018 by juliusbeezer
Sources of Greenhouse Gas Emissions | Greenhouse Gas (GHG) Emissions | US EPA
Transportation (nearly 28.5 percent of 2016 greenhouse gas emissions) – The transportation sector generates the largest share of greenhouse gas emissions. Greenhouse gas emissions from transportation primarily come from burning fossil fuel for our cars, trucks, ships, trains, and planes. Over 90 percent of the fuel used for transportation is petroleum based, which includes gasoline and diesel.2
transport  climatechange  environment  fossil-fuel 
august 2018 by juliusbeezer
‘Death spiral’: half of Europe’s coal plants are losing money | Environment | The Guardian
Carbon Tracker analysed the revenues and operating costs of all the EU’s coal plants and found 54% are already loss making today. All coal power must be phased out if the EU is to meet the goals of the global Paris climate change agreement, but the current business plans of the utilities would see just a quarter of plants closed.

The new report estimates that closing all the plants by 2030 will avoid losses of €22bn for the plant’s owners, either shareholders or governments. Germany hosts the largest number of unprofitable coal plants and the losses avoided by early closure there total €12bn, with both RWE and Uniper highly exposed. Plans put forward to close German plants have been delayed by the failure of talks to form a new coalition government.

“The changing economics of renewables, as well as air pollution policy and rising carbon prices, has put EU coal power in a death spiral,” said Matt Gray, co-author of the Carbon Tracker report. “Utilities can’t do much to stop this other than drop coal or lobby governments and hope they will bail them out.”
energy  climatechange  fossil-fuel  renewables 
december 2017 by juliusbeezer
Natural gas emissions will blow Europe's carbon budget at current levels | Environment | The Guardian
Governments have drastically underestimated methane emissions from natural gas and will miss the Paris agreement’s goal of limiting global warming to 2C unless they urgently scale down its use, a major new study has found.

Continuing natural gas emissions at present levels will add 0.6C to global warming and, with other fossil fuel use, exhaust Europe’s carbon budget – the amount it can safely and fairly emit – in less than a decade, says the report by the Tyndall Centre for Climate Change Research.

It concludes that Europe must phase out all fossil fuels including gas by 2035 and decrease emissions by 12% per year – far beyond its current ambitions – to keep to the Paris 2C pledge.

EU countries, including the UK, have committed to burn more natural gas as a “bridging fuel”, because it offers a baseline alternative to wind and solar on cloudy and windless days, and because it emits less carbon dioxide than coal.

But the report’s authors find that there is “categorically no role” for new gas, oil or coal production, because of their high CO2 and methane emissions.
climatechange  energy  fossil-fuel 
november 2017 by juliusbeezer
What ‘Clean Coal’ Is — and Isn’t - The New York Times
Critics note that “clean coal” is a misleading term for any of these techniques. Even a coal power plant that emits fewer pollutants is still a far dirtier way to produce electricity than a natural gas, nuclear, wind or solar plant. In 2014, the Clean Air Task Force estimated that particle pollution from power plants, mainly coal, led to 7,500 premature deaths each year, although that number has been going down over time because of environmental regulations and the retirement of older coal plants in the face of cheap natural gas.
fossil-fuel  climatechange  economics 
august 2017 by juliusbeezer
There May be a Huge Flaw in UK Fracking Hopes – The Geology | DeSmog UK
In short, even where a shale source in the UK may have high organic content and thick and favourable mineralogy, the complex structure of the basins will be detrimental to ultimate recovery. Yet the only question that has been addressed to date is how large the shale resource could be in the UK. The inherent geological complexity of the sedimentary basins has not been fully appreciated or articulated. As a result, the opportunity has been overhyped and reserve estimates remain unknown.

At the very least, there is a need to factor this considerable and fundamental geological uncertainty into the economic equation. It would be extremely unwise to rely on shale gas to ride to the rescue of the UK’s gas needs only to discover it is 55m years too late.
fossil-fuel  oil  uk 
august 2017 by juliusbeezer

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