A directive from ministers in Australia to steer the government’s Clean Energy Finance Corporation away from investments in wind farms and small-scale solar projects has moved the Australian Solar Council to launch a campaign to unseat Prime Minister Tony Abbott, The Guardian reports.
Tesla hopes to start selling batteries in Australia early next year, in a market Morgan Stanley says may be worth $18 billion and where half of all homes are projected to be using solar power by 2040, Bloomberg reports.
Environmental groups – including the Sierra Club and Greenpeace – plan a Wednesday demonstration to protest the Export-Import Bank's funding for the Abbot Point coal export terminal project in Australia, The Hill reports.
SYDNEY (AP) — California has turned to the world's driest inhabited continent for solutions to its longest and sharpest drought on record.
Australia, the land poet Dorothea Mackellar dubbed "a sunburnt country," suffered a torturous drought from the late 1990s through 2012. Now Californians are facing their own "Big Dry," and looking Down Under to see how they coped.
The next generation of buoys being designed by Carnegie Wave Energy, based in Perth, Australia, would be 65 feet wide and generate a megawatt of electricity each, four times what the current prototype can produce, The New York Times reports.
The white paper on energy published by Prime Minister Tony Abbott’s government only mentions climate once, and says the administration won’t influence market decisions about the use of fossil fuels or renewable energy, The Guardian reports.
Efforts by the U.S. and European countries to cut subsidies for building new coal-fired plants in developing countries are being opposed by the government of Australian Prime Minister Tony Abbott, The Sydney Morning Herald reports.
Giving states more time to comply with provisions of the rule limiting power plant carbon emissions may help the Environmental Protection Agency deflect some of the legal challenges it’ll face after finalizing the regulation, E&E reports.
Human activity does contribute to climate change, but the Obama administration’s “irresponsible and ineffective” Clean Power Plan won’t help stop it, Republican Presidential candidate Jeb Bush told Bloomberg BNA in an interview.
Three prominent scientists active in the climate field—including Harvard professor Naomi Oreskes—have written an essay saying that industry—major oil companies in particular—is responsible for the lions’ share of greenhouse gas emissions that have contributed to climate change, E&E reports.
California Democrats Sen. Dianne Feinstein and Sen. Barbara Boxer have proposed a bill to provide $1.3 billion over ten years to projects that would help their state cope better with drought, the Los Angeles Times reports.
Support for oil prices, provided by a report of a drawdown in inventories, evaporated Thursday in the face of a rally in the dollar. U.S. benchmark crude lost 27 cents to settle at $48.52 on the Nymex, while in London, Brent slipped 7 cents to $53.31, Reuters reports.
Cashing in on the flood of cheap crude oil, refiner Valero Energy reported $1.4 billion in earnings in the second quarter, more than double what it made a year ago, and chief Joe Gorder was talking about expansion and diversification, FuelFix reports.
Although performing better than analysts expected, ConocoPhillips still reported a loss of $179 million in the second quarter, and announced it will cut capital spending by another $500 million, The Wall Street Journal reports.
Lower oil and gas prices that cut drilling activity were responsible for Pioneer Energy Services’ growing red ink in the second quarter, the contract driller said as it reported a net loss of $77.3 million, FuelFix reports.
Royal Dutch Shell might look to get involved in gas projects in Iran once sanctions are lifted in the wake of the nuclear agreement Tehran reached with global powers, according to Chief Financial Officer Simon Henry, Platts reports.