Drama is unfolding as the weekend begins, with the revelation that the University of East Anglia’s well-respected Climate Research Unit had its servers hacked and almost a decade’s worth of email revealed to the public. Hidden away among thousands of boring, everyday messages are a few dozen that don’t look good for the CRU, including references to using a “trick”...
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Valero Energy will permanently close its Delaware City refinery as shrinking margins and weak demand continue to punish the largest U.S. refiner. About 550 employees will lose their jobs as a result of the plant closure. “The decision to permanently close the Delaware City refinery was a very difficult one,” Valero Chairman and CEO Bill Klesse said in a statement Friday. Valero...
It’s great to be the first adopter of a hot new technology. That is, until you start using it and become the guinea pig for any unexpected problems that pop up. That’s where Pacific Gas & Electric is right now with its ongoing smart grid rollout, which hopes to eventually hook up millions of consumers in northern California to new meters that can communicate with the utility. A...
James Lovelock, a prominent British scientist, wrote in 2004 that “civilization is in imminent danger and has to use nuclear”. Lindsey Graham, the breakaway Republican senator who advocated carbon controls, is pushing hard for nuclear power. Wherever one looks, there’s new support and excitement for nuclear plants. But using what technology? Nuclear science atrophied in the...
Those who have been paying attention to thin-film solar panels for a few years will remember Miasole, one of a small group of companies that popped around 2006 with claims of super low-priced solar cells. They were the CIGS thin-film companies, and they — the other two big stories being Heliovolt and Nanosolar — were all too ready to spout big promises, saying they’d be...
News that Devon Energy plans to offload its international and offshore assets in the Gulf of Mexico has ignited speculation of when and who will snap them up. Exxon Mobil has been batted about as a possible candidate to buy up Devon’s assets. China — with its growing appetite for energy — has shown interest in investing Gulf of Mexico assets and may go after some of...
Peak oil — that much-debated moment when the world can no longer produce the oil and gas it needs and wants — is decades away, according to a recent study by IHS Cambridge Energy Research Associates. Global oil production will grow from about 92 million barrels a day to around 115 million barrels per day through 2030 with no evidence of a peak in supply before that time,...
The odds Congress would be able to pass climate-change legislation this year dimmed by the minute last week, as the political wrangling moved to the Senate Finance Committee and the debate focused once again on jobs and the economy. The bill’s molasses-like progress through the Senate has rippled through the international community and has effectively crushed chances of reaching a...
The International Energy Agency may not have ever stirred up as much attention as it received this week for its latest World Energy Outlook, a yearly report that attempts a snapshot of the sprawling energy industry — at least partly because of accusations from former staffers that the IEA has been lying about energy reserves for years. Honest or not, the IEA is rapidly changing its tune...
Suncor Energy, Canada’s largest energy company by market capitalization, will spend $1.4 billion next year on efforts to boost oil sands production. In short, the company is sending a message: the oil sands are back. Not that Canada’s vast and murky mix of bitumen, sand, clay and water had disappeared. Canada’s estimated 173 billion barrels of hard-to-reach oil has been...
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