02192019Tue
Last updateTue, 19 Feb 2019 5pm

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Energy Firms Deeply Split on Bill to Battle Climate Change

As the Senate prepares to tackle global warming, the nation’s energy producers, once united, are battling one another over policy decisions worth hundreds of billions of dollars in coming decades.

 

Producers of natural gas are battling their erstwhile allies, the oil companies. Electrical utilities are fighting among themselves over the use of coal versus wind power or other renewable energy. Coal companies are battling natural gas firms over which should be used to produce electricity. And the renewable power industry is elbowing for advantage against all of them.

 

Source: New York Times

 

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Survey: Commercial Construction Will Decline Through 2010

Most of the decline in construction spending in this building cycle has already occurred for commercial buildings. A 4-5% further decline is expected from August through next winter. The decline is expected to be less for retail and more for hotels. An expected resumed rise in project cost at yearend, mostly for materials, will halt the decline in non-residential construction spending in current dollars in about six months but the decline will extend into the summer measured inflation adjusted dollars. There will not be a significant increase in construction activity until late next year.

 

Source: Reed Construction Data

 

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China Signs Deal for Gas in Trade Talk with Putin

China and Russia announced $3.5 billion worth of trade agreements on Tuesday and reaffirmed their commitment to a huge natural gas deal that would give the Chinese an important new Russian source of supply, once the final details on pricing are negotiated.

 

The agreements, signed by Prime Ministers Vladimir V. Putin and Wen Jiabao, came on the second day of Mr. Putin’s trip to China, which both countries have portrayed as a reflection of their increasingly close collaboration.

 

Source: New York Times

 

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Energy Secretary Aims for Carbon Capture in a Decade

The US wants to have technology for coal-fired power stations to capture and store their carbon dioxide emissions ready for commercial deployment within a decade, said Steven Chu, the energy secretary.

 

If the US can keep to Mr Chu’s ambitious timetable, its technology would be ready for deployment sooner than in the European Union, which has until now been more aggressive in pursuing carbon capture.

 

Source: Financial Times

 

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Solar Power Outshining Colorado’s Gas Industry

As La Plata County in southwestern Colorado looks to shift to cleaner sources of energy, solar is becoming the power source of choice even though it still produces only a small fraction of the region’s electricity. It’s being nudged along by tax credits and rebates, a growing concern about the gases heating up the planet, and the region’s plentiful sunshine.

 

Source: Daily Global

 

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