Archive for February 3rd, 2015

UN ranks 2014 as hottest year on record

Blue and Green: The UN’s World Meteorological Organisation (WMO) has ranked 2014 as the hottest year on record and noted that 14 of the 15 warmest years have now occurred in this century, demonstrating the continuing warming trend. Average global air temperatures over land and sea surface were 0.57C above the long-term average of 14C. However, the organisation noted that the difference in temperature between the three warmest years, 2014, 2010 and 2005, is only a few hundredths of a degree, less than the margin...

China carbon offset prices diverge on regional bans

Reuters: The lack of a unified regulatory system for China's fledgling carbon offset market has led to wild variations in prices in different regions, causing uncertainty among both buyers and project developers, traders said. China's national carbon offset registry was launched earlier last month, allowing offsets - known as Chinese Certified Emissions Reductions (CCERs) - to be transferred between buyers and sellers on the country's seven pilot emissions trading schemes. The move was considered an...

Secretary of State Kerry Offers No Timeline for Keystone Decision

Hill: http://thehill.com/policy/energy-environment/231447-kerry-offers-no-timeline-for-keystone-decision

Bill to Monitor Marcellus Shale Health Effects Reintroduced in Pennsylvania Senate

National Public Radio: A bill aimed at creating an advisory panel to monitor potential public health effects of Marcellus Shale drilling has been reintroduced in the state Senate. Senate President Pro Tem Joe Scarnati (R- Jefferson) first proposed the measure in 2013. He reintroduced it on Friday. SB 375 would create a nine-member advisory panel that would meet at least twice a year to consult with experts to analyze the health effects of natural gas extraction. “There has been much discussion regarding the potential...

BP CEO: Oil collapse could repeat 1980s with years of low prices

Fuel Fix: The CEO of BP says crude prices will likely settle in at low levels because the surging U.S. oil production that sent markets into a tailspin isn`t going to ease up overnight, leaving the company with no choice but to work quickly to adjust to $48 oil. And oil prices might stay that low for a while, he said. “We see (U.S. production) continuing to increase at least through the summer, even though rigs are falling very fast,” BP CEO Bob Dudley said during a conference call with investors and...

Lower Oil Prices Strike at Heart of Canada’s Oil Sands Production

New York Time: For as long as 400-ton dump trucks have been rumbling around the open pit mines of Canada’s oil sands, crews from Kal Tire have been on hand to replace and repair their $70,000, 13-foot diameter tires. But the relationship, going back over a decade, didn’t spare the company when oil prices began plummeting. Dan Allan, the senior vice president of Kal’s mining tire unit, said that customers immediately began looking for price concessions. Others asked Kal to withdraw personnel from some sites or...

Earth’s Dashboard Is Flashing Red—Are Enough People Listening?

National Geographic: Scientists are having trouble convincing the public that people are changing the climate. A Pew Research Center survey, released last week as part of a broader report on science and society, found that only 50 percent of Americans believe that humans are mostly responsible for climate change, while 87 percent of scientists accept this view. This 37-point gap persists even though thousands of scientists during the past few decades have been involved in publishing detailed reports linking climate...