Energy

Prime Minister Jacinda Ardern bans oil exploration

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Prime Minister Jacinda Ardern is defending her Government’s dramatic ban on offshore oil exploration, saying the transition to a zero-carbon economy “must start somewhere” and promising that no jobs will be lost. Isaac Davison NZ Herald “Unless we make decisions today that will essentially take effect in 30 or more years’ time, we run the risk of acting too late and causing abrupt shocks to communities and our country,” she said at a press conference in Wellington this morning. “I ... Read More »

Finland Gives Consent for Nord Stream 2 Construction in Finnish Economic Zone

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MOSCOW (Sputnik) – The Finnish government said on Wednesday it had given its consent for construction of the Nord Stream 2 pipeline through its exclusive economic zone. Sputnik “On 5 April 2018, the Finnish Government gave its consent to the Nord Stream 2 AG’s gas pipeline construction project in respect of the section that passes through Finland’s exclusive economic zone,” the statement read. According to the statement, the consent is conditional, “which means the applicant has to meet the terms presented in the Government’s… “The party responsible ... Read More »

After Erdogan spat, PM speaks with Greek, Cypriot leaders

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Turkey, keen on diversifying its energy sources, has in the past expressed an interest in Israel laying a pipeline to Turkey. HerbKeinon The Jerusalem Post Prime Minister Benjamin Netanyahu spoke on Wednesday with the prime ministers of Greece and Cyprus, three days after trading sharp insults with Turkish President Recep Tayyip Erdogan. Both Cyprus and Greece are historic foes of Turkey, and Israel’s relationship with both countries improved significantly over the last decade, partly as a result of the deterioration ... Read More »

Russia-Turkey: The Interdependent Relationship Shaped by Energy or a Deeper Friendship?

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Prior to the dissolution of the Soviet Union, the deepening relationship between Russia and Turkey showed itself in the first agreement designed to enhance their economic relations… Nargiz Hajiyeva Modern Diplomacy The agreement was signed on March 15, 1977, between them, which mainly embraced the cooperation in the promotion of the industrial development and… Meanwhile, the parties also inked an agreement concerning the scientific and technical cooperations. Therefore, energy had been a significant issue amid the negotiations processes between Russia ... Read More »

Gas, pipeline dreams and gunboat diplomacy in Mediterranean

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A spate of recent deals and gas finds in the eastern Mediterranean Sea has positioned Egypt to be a major energy hub. Chase Winter DW Turkey, which is flexing its military muscles, may be left out. For years, there was hope that gas fields under the eastern Mediterranean Sea would usher in peace and prosperity in a volatile region. But a string of recent deals and gas finds have revealed deep geopolitical fault lines. Since 2009, Israel, Egypt and Cyprus ... Read More »

Weaponizing Hydrocarbons: It Was Obama’s Idea to Flood EU With US LNG

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According to some estimates, the US is likely to emerge as one of the major LNG exporters by 2020. Sputnik However, it appears that Washington is seeking to use its liquefied hydrocarbons as an economic weapon in the fight with its geopolitical rivals, Russia and China. Washington has weaponized its liquefied natural gas (LNG) supplies to kill two birds with one stone — expel Russia from the European energy market and win a “trade war” with China. Following the 2014 February coup in Ukraine and Crimea’s ... Read More »

Australia’s greenest energy companies leave big retailers behind

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Powershop and Diamond Energy have been voted as Australia’s most green energy retailers in Greenpeace’s electricity guide. Cole Latimer The Sydney Morning Herald The two retailers were the only companies to win a five out of five star rating in the third annual Green Electricity Guide from Greenpeace and the Total Environment Centre. “In taking the top two places for the third time running, five-star retailers Powershop and Diamond Energy continue to be the guiding lights in the retail energy ... Read More »

Fewer Protections For Abandoned Offshore Oil Production Platforms Will Be Risky

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The oil and gas industry is all about managing big risks – dry holes, wildly fluctuating oil prices and cost overruns. Tom Mitro Forbes Oil companies and investors bear the brunt or enjoy the benefits of their decisions when those risks go badly or go well. But one risk more directly affects the public: the risk of leaks and explosions. The Trump Administration’s Interior Department recently overturned and weakened existing rules that required companies producing offshore to provide… Fewer Protections ... Read More »

Finland’s race for Arctic riches

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A small city on the Baltic may soon become a vital part of Helsinki’s push to compete with Russia and China. Reid Standish Politico OULU, Finland — A new frontier of geopolitics is opening up as countries move to control lucrative and strategically important natural resources and shipping lanes in the Arctic, and Finland doesn’t want to be left… The unprecedented rate at which the polar ice caps are melting is creating a flurry of activity. So far, Russia and ... Read More »

Matt Canavan to accuse Labor of talking down ‘beautiful’ coal industry

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Resources minister to set up taskforce to aid exploration and will say environmental groups are abusing the law to delay major projects Paul Kurp The Guardian Matt Canavan has announced a resources taskforce to help the government increase exploration, improve the “social licence” for mining and increase coal exports to Asia. The resources and minister for northern Australia will unveil the Resources 2030 taskforce at the National Press Club on Wednesday and warn that environmental groups are abusing laws to ... Read More »

Everyday heroes compelled to break the law when government fails to protect us

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What does it say about the state of our democracy when it falls upon everyday people to stop a billionaire building the largest coal mine in the southern hemisphere? Julian Burnside * The Sydney Morning Herald And what does it say about our politicians that they will let Adani’s mine proceed when the vast majority of Australians don’t want it, and scientists are urging us to keep coal in the ground to avoid more dangerous climate change? This month, nine ... Read More »

Big coal no more

JACKERATH, GERMANY - JANUARY 09: Mining machines operate in the open-strip coal mine in Garzweiler, in Jackerath, Germany, on January 9, 2018. The village of Immerath will be completely razed in order to make way for the expansion of the nearby Garzweiler open-pit coal mine. RWE, the utility that operates the mine, is moving Immerath's approximately 1,400 residents to a new settlement about 8km west. Protesters decry the expansion of Garzweiler as unnecessary as Germany has committed itself to heavy investment in renewable energy sources.  (Photo by Maja Hitij/Getty Images)

The industry once ruled Europe. Now it’s struggling to survive. Sara Stefanini Politico The coal lobby used to be a Brussels power player. No more. Euracoal’s staff peaked in the 1970s. The 60-year-old industry association was a force to be reckoned with as it lobbied hard for the fuel that had powered Europe’s industrial revolution and was still a crucial part of its energy mix. Today, Euracoal has just three staffers, and this year the organization left its old spacious offices ... Read More »

Lebanon-Israel maritime dispute: Rules of (diplomatic) engagement

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Thus far attempts to resolve the dispute have been unsuccessful, but while the challenge is clearly a difficult one, the situation is far from irretrievable if the parties practice restraint and resolve to settle their differences via diplomacy and dialogue. Roudi Barouti Annahar BEIRUT: Tensions between Lebanon and Israel are flaring once again, this time over the demarcation of their maritime border and, therefore, the rightful ownership of offshore oil and gas deposits. Thus far attempts to resolve the dispute ... Read More »

Hero’s welcome for East Timor border negotiator Xanana Gusmao

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Dili: Thousands of East Timorese have lined the road to the capital’s international airport to cheer independence hero Xanana Gusmao after he led negotiations that settled the sea border with Australia. Oki Raimundos The Canberra Times Gusmao, whose party lost power in parliamentary elections last year, was greeted at Dili’s tiny airport on Sunday with cries of “Viva Xanana Gusmao”. He’d been abroad for the previous eight months leading the final stretch of maritime border talks. Australia and East Timor, one of ... Read More »

Another oil firm seeks sweeping injunction against UK protesters

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Critics say legal move by UK Oil and Gas, that could see protesters at its sites jailed and fined, is draconian and anti-democratic Rob Evans The Guardian Another firm is seeking a sweeping injunction against environmental protesters, drawing accusations that the legal move is “draconian and chillingly anti-democratic”. UK Oil and Gas (UKOG) has applied for a broad injunction to prevent campaigners from mounting protests that it says would unlawfully interfere with its operations. The injunction, if granted by a… ... Read More »

Revealed: the extent of job-swapping between public servants and fossil fuel lobbyists

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Last month Australia slipped further down the rankings in the international corruption index. Among a wide range of factors cited by Transparency International was Australia’s “inappropriate industry lobbying in large-scale projects such as mining”, as well as “revolving doors and a culture of… Adam Lucas The Conversation As several high-profile cases have recently revealed, the close ties that continue to exist between senior politicians, former political staffers, and the big end of town have had a real and lasting impact ... Read More »