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Energy Roundup: BP Drops Jatropha, Wal-Mart Eco Index, Climate Debate Fireworks and More

By Kirsten Korosec | Jul 17, 2009

BP leaves D1 Oils Jatropha biofuels ventureD1 Oils has reached an agreement to buy BP’s50 percent interest in D1-BP Fuel Crops Limited, a joint venture to plant Jatropha. Signs of BP’s exit have been on the horizon since last month and will allow D1 to join its planting and plant sciences businesses, according to D1 CEO Ben Good. BP will turn its attention to ethanol, an area where it is already investing funds. [Source: FT, Houston Chronicle]

Wal-Mart sustainability index could boost carbon accounting industryWal-Mart, the largest retailer in the world, will start asking its more than 100,000 suppliers to track greenhouse gases, water use and waste production as part of its sustainable index program. Suppliers will be given an initial 15-point sustainability checklist, which could send a lot of business to companies that track carbon emissions.  [Source: Greentech Media]

Senate hearing on climate change strays from topic, racism allegations ensue – The Senate hearing “Ensuring and Enhancing U.S. Competitiveness while Moving Toward a Clean Energy Economy” sounds straightforward enough. But in addition to hearing from leaders in clean technology including John Doerr of Kleiner Perkins Caufield & Byers, an argument over race erupted between Sen. Barbara Boxer and Harry Alford, chairman of the National Black Chamber of Commerce.  [Source: U.S. Senate, Grist]

 

GE, Tendril join to connect smart appliances to gridTendril, a Boulder, Colo.,-based startup, is producing software to help GEsmart appliances connect with the country’s electrical grid and communicate with utilities. The partnership’s first utility could be Reliant Energy in Texas and Tendril expects to begin testing in the fourth-quarter of 2009. [Source: CleanTech Brief]

Shell mulls cutting staff at U.S. refineriesShell Oil, a unit of Royal Dutch Shell, may cut staff at its refineries and chemical plants on the U.S. Gulf Coast to reduce costs. The company has not determined how many jobs may be cut, although Shell has previously said thousands of staff worldwide could be eliminated. [Source: Reuters]

Offshore leases back up for grabs despite legal concerns– The U.S. Interior Department will go ahead with an offshore oil and natural gas lease sale in the Gulf of Mexico planned for next month despite some legal concerns yet to be resolved. The U.S. Court of Appeals ordered the department to rewrite the 2007-2012 leasing plan developed by the Bush administration because it did not receive the proper environmental review. [Source: Washington Post]

Kirsten Korosec has been a print and online journalist for more than 10 years covering education, politics and business.

BNET User Analysis

Web Buzz:
  • D1 Oils buys back BP's share of joint venture

    Biofuel Review - 129 days 17 hours 54 minutes ago

    A conditional agreement to acquire BP’s 50 per cent interest in their joint venture, D1-BP Fuel Crops Limited, has been worked out by D1 Oils and BP International. The deal, announced this morning (17th July), is conditional on the agreement of D1's shareholders at next week's AGM (23rd July). The move saw D1 Oils' share price jump wildly from...

  • D1 unveils deal to supply jatropha technology and services

    Biofuel Review - 129 days 15 hours 31 minutes ago

    A proposal to provide plant science and planting technology and services over a five year period has been agreed in principle by Bedford Biofuels and D1 Oils. Under the terms of the proposed agreement, unveilled today (17th July), D1 would license on a non-exclusive basis technology acquired through D1’s agronomy research and breeding...

  • D1 Oils calls on FoE to open up a real debate on jatropha

    Biofuel Review - 175 days 13 hours 35 minutes ago

    "We would have been happy to have shared our data and experience with FOE on the performance of the [jatropha] crop, both in Swaziland and elsewhere", commented D1 Oils today in a bullish response to the NGO's negative report on Friday. "FoE did not offer us this opportunity. In our view this weakens what could have been a useful addition to...

  • BP reins in D1 alternative energy plans

    Financial Times - 292 days 13 hours 15 minutes ago

    BP and D1 Oils, which set up an ambitious biofuels partnership in 2007, have reined in their plans for expansion and are looking for new investors in the joint venture. D1 on Wednesday said it planned to "tighten the business' geographic focus, reduce the overhead base and contain short-term cash requirements". The announcement marks a further...

  • BP gives nod to algae biofuels with $10M to Martek

    VentureBeat - 104 days 16 hours ago

    Martek Biosciences, a company that has been working on growing algae for conversion into microbial oils and biofuels, has inked a $10 million deal with energy leader BP for the joint development of technology using fermentation to derive fuel to power transportation. The end goal of the agreement is to produce commercially-scalable methods —...

 

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